Quantitative Techniques: Theory and Problems

MINIMIZATION PROBLEMS

Problem 4.1

Carefree Corporation has four plants each of which can manufacture any one of the four products. Product costs differ from one plant to another as follow:

You are required:

1. to obtain which product each plant should produce to minimise cost,
2. to build a Linear Programming Model.

Solution

Part (a)

Step 1 → Row Deduction: Subtracting the minimum element of each row from all the elements of that row:

Step 2 → Column Deduction: Subtracting the minimum element of each column of above matrix from all the elements ...