An elite logistics company want to determine the optimum assignment of its fleet of trucks to delivery routes. The objective is to minimize total costs. The costs data in hundreds of dollars for the various truck-route combinations are given in the following table. Develop an assignment that will minimize total cost. Route (in U.S. dollars) Truck 1 2 3 4 A 9 13 8 5 B 10 11 7 6 C 12 6 14 9 D 8 9 10 12

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Optimization Models

Optimization models are mathematical models that help organizations determine the best way to allocate scarce resources to achieve specific objectives. These models can be used to solve a wide variety of problems, from finding the most efficient route for a delivery truck to determining the optimal mix of products to stock in a store.