Four cargo ships will be used for shipping goods from one port to four other ports (labeled 1, 2, 3, 4). Any ship can be used for making any one of these four trips. However, because of differences in the ships and cargoes, the total cost of loading, transporting, and unloading the goods for the different ship-port combinations varies considerably, as shown in the following table. The objective is to assign the four ships to four different ports in such a way as to minimize the total cost for all four shipments. What is the total cost for the optimal assignment? (5 Points)
Four cargo ships will be used for shipping goods from one port to four other ports (labeled 1, 2, 3, 4). Any ship can be used for making any one of these four trips. However, because of differences in the ships and cargoes, the total cost of loading, transporting, and unloading the goods for the different ship-port combinations varies considerably, as shown in the following table. The objective is to assign the four ships to four different ports in such a way as to minimize the total cost for all four shipments. What is the total cost for the optimal assignment? (5 Points)
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...
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Four cargo ships will be used for shipping goods from one port to four other ports (labeled 1,
2, 3, 4). Any ship can be used for making any one of these four trips. However, because of
differences in the ships and cargoes, the total cost of loading, transporting, and unloading the
goods for the different ship-port combinations varies considerably, as shown in the following
table. The objective is to assign the four ships to four different ports in
such a way as to minimize the total cost for all four shipments. What is the total cost for the
optimal assignment?
(5 Points)
Port
1
2
3
4
$500
$600
$400
$600
$600
$700
$700
$500
$600
$600
Ship
3
$700
$500
$500
$400
$700
$600
-N M 4
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