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Quantitative Approaches to Decision Making
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R=C ≠ L
Steps involved in solving minimization problems (cost/time)
▪ Step 5:
▪ If the total lines covering all zeros are equal to the size of the matrix of the Table, we
have got the optimal solution;
▪ if not, subtract the minimum uncovered element from all uncovered elements and
a d d this element to all elements at the intersection point of the lines covering zeros.
R=C = L
Steps involved in solving minimization problems (cost/time)
Optimal Assignment
Original Time Matrix Table
Project Clients (Projects’ Period) Project Clients (Projects’ Period)
Leader 1 2 3 Leader 1 2 3
Terry 10 15 9 Terry 0 0 2
Clare 9 18 5 Clare 1 5 0
McCy 6 14 3 McCy 0 3 0
▪ Scott and Associates, Inc., is an accounting firm that has three new clients. Project
leaders will be assigned to the three clients. Based on the different backgrounds
and experiences of the leaders, the various leader–client assignm ents differ in terms
of projected com pletion times. The possible assignm ents and the e stimated
completion times in days are a s fo llo ws: