25. A manufacturer of a complex electronic equipment has just received a sizable contract and plans to subcontract part of the job. He has solicited bids for six subcontracts from four firms. Each job is sufficiently large so that any one firm can take on only one job. The below table shows the bids and the cost estimates (in 7 10,000's) for doing the jobs internally. Note that no more than two jobs can be performed internally.
25. A manufacturer of a complex electronic equipment has just received a sizable contract and plans to subcontract part of the job. He has solicited bids for six subcontracts from four firms. Each job is sufficiently large so that any one firm can take on only one job. The below table shows the bids and the cost estimates (in 7 10,000's) for doing the jobs internally. Note that no more than two jobs can be performed internally.
Chapter19: Pricing Concepts
Section: Chapter Questions
Problem 6DRQ
Related questions
Question
![25. A manufacturer of a complex electronic equipment has just received a sizable contract and plans to
subcontract part of the job. He has solicited bids for six subcontracts from four firms. Each job is
sufficiently large so that any one firm can take on only one job. The below table shows the bids and
the cost estimates (in 10,000's) for doing the jobs internally. Note that no more than two jobs can
be performed internally.
360 • Quantitative Techniques in Management
Job
3
6.
1
48
72
36
52
50
65
Firm
44
67
41
53
48
64
3
46
69
40
55
45
68
4
43
73
37
51
44
62
Internal
50
65
35
50
46
63
(a) How do you complete this table so that the problem can be solved by Hungarian method?
(b) Solve the problem by Hungarian method, minimising total costs.
(MBA, Delhi, 1987)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F124d8059-5258-425a-81e4-714a3df87b78%2Ff24d272f-b13e-4d80-b93d-f7309bf340c2%2Fy5uz63_processed.png&w=3840&q=75)
Transcribed Image Text:25. A manufacturer of a complex electronic equipment has just received a sizable contract and plans to
subcontract part of the job. He has solicited bids for six subcontracts from four firms. Each job is
sufficiently large so that any one firm can take on only one job. The below table shows the bids and
the cost estimates (in 10,000's) for doing the jobs internally. Note that no more than two jobs can
be performed internally.
360 • Quantitative Techniques in Management
Job
3
6.
1
48
72
36
52
50
65
Firm
44
67
41
53
48
64
3
46
69
40
55
45
68
4
43
73
37
51
44
62
Internal
50
65
35
50
46
63
(a) How do you complete this table so that the problem can be solved by Hungarian method?
(b) Solve the problem by Hungarian method, minimising total costs.
(MBA, Delhi, 1987)
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