5. 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.

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
icon
Related questions
Question
Job
2
5
48
72
36
52
50
65
Firm
2
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.
Transcribed Image Text:Job 2 5 48 72 36 52 50 65 Firm 2 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.
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.
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 7 10,000's) for doing the jobs internally. Note that no more than two jobs can be performed internally.
Expert Solution
steps

Step by step

Solved in 5 steps with 9 images

Blurred answer
Knowledge Booster
Location strategy
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.