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Hatch Financial, which recently absorbed another firm, is now downsizing and must relocate five information systems analysts from recently closed locations. Unfortunately, there are only three positions available for five people. Salaries are fairly uniform among this group (those with higher pay were already given the opportunity to begin anew). Moving expenses will be used as the means of determining who will be sent where. Estimated moving expenses are in the accompanying table. Model this as an integer optimization model to minimize cost and determine which analysts to relocate to the three locations. Click the icon to view the estimated moving expenses for each analyst to each city. To minimize the costs, should relocate to Gary, should relocate to Salt Lake City, and should relocate to Fresno.

Hatch Financial, which recently absorbed another firm, is now downsizing and must relocate five information systems analysts from recently closed locations. Unfortunately, there are only three positions available for five people. Salaries are fairly uniform among this group (those with higher pay were already given the opportunity to begin anew). Moving expenses will be used as the means of determining who will be sent where. Estimated moving expenses are in the accompanying table. Model this as an integer optimization model to minimize cost and determine which analysts to relocate to the three locations. Click the icon to view the estimated moving expenses for each analyst to each city. To minimize the costs, should relocate to Gary, should relocate to Salt Lake City, and should relocate to Fresno.

Practical Management Science
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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Hatch Financial, which recently absorbed another firm, is now downsizing and must relocate five information systems analysts from recently closed locations. Unfortunately, there are only three positions available for five people. Salaries are fairly uniform among this group (those with higher pay were already given the opportunity to begin anew). Moving expenses will be used as the means of determining who will be sent where. Estimated moving expenses are in the accompanying table. Model this as an integer optimization model to minimize cost and determine which analysts to relocate to the three locations. Click the icon to view the estimated moving expenses for each analyst to each city. To minimize the costs, should relocate to Gary, should relocate to Salt Lake City, and Estimated Moving Expenses Analyst Arlene Bobby Charlene Douglas Emory Gary $5,500 $4,000 $8,500 $19,000 $17,000 Moving Cost To Print Salt Lake City $15,000 $8,500 $8,500 $4,500 $19,500 Done Fresno $17,000 $5,000 $5,500 $9,500 $19,000 should relocate to Fresno. X
Transcribed Image Text:Hatch Financial, which recently absorbed another firm, is now downsizing and must relocate five information systems analysts from recently closed locations. Unfortunately, there are only three positions available for five people. Salaries are fairly uniform among this group (those with higher pay were already given the opportunity to begin anew). Moving expenses will be used as the means of determining who will be sent where. Estimated moving expenses are in the accompanying table. Model this as an integer optimization model to minimize cost and determine which analysts to relocate to the three locations. Click the icon to view the estimated moving expenses for each analyst to each city. To minimize the costs, should relocate to Gary, should relocate to Salt Lake City, and Estimated Moving Expenses Analyst Arlene Bobby Charlene Douglas Emory Gary $5,500 $4,000 $8,500 $19,000 $17,000 Moving Cost To Print Salt Lake City $15,000 $8,500 $8,500 $4,500 $19,500 Done Fresno $17,000 $5,000 $5,500 $9,500 $19,000 should relocate to Fresno. X
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