To minimize the costs, should relocate to Gary, should relocate to Salt Lake City, and should relocate to Fresno.
To minimize the costs, should relocate to Gary, should relocate to Salt Lake City, and should relocate to Fresno.
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...
Related questions
Question
![Analyst
Arlene
Bobby
Charlene
Douglas
Emory
Gary Salt Lake City
18000
3500
9500
2500
4500
5000
10500
10500
11500
5500
Fresno
To minimize the costs,
6500
4500
4000
12000
14500
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.
should relocate to Gary,
should relocate to Salt Lake City, and
should relocate to Fresno.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F5fef8308-1d4b-42ec-a94f-867561a3203c%2Fca88091d-ba76-4070-bfe8-71705e424abd%2Ff2i4y24_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Analyst
Arlene
Bobby
Charlene
Douglas
Emory
Gary Salt Lake City
18000
3500
9500
2500
4500
5000
10500
10500
11500
5500
Fresno
To minimize the costs,
6500
4500
4000
12000
14500
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.
should relocate to Gary,
should relocate to Salt Lake City, and
should relocate to Fresno.
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