Quantitative Techniques: Theory and Problems

MAXIMISATION PROBLEMS

Problem 4.20

Stayfree corporation has four salesmen each of them can be assigned any of the four sales territories. Estimates of the sales revenues in hundred of rupees for each salesman are as under:

You are required:

1. to obtain the optimal assigned pattern that maximises the sales revenue
2. to build an LPP model

Solution

Part (a)

Step 1 → Deriving the Loss Matrix by subtracting each element of revenue matrix from the largest element (85) therein order to use the minimization technique

Step 2 → Row Deduction: Substracting ...