Question: 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

Hatch Financial, which recently absorbed another

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, V should relocate to Gary, should relocate to Salt Lake City, and V should relocate to Fresno. Estimated Moving Expenses Analyst Arlene Bobby Charlene Douglas Emory Gary $14,000 $14,500 $4,000 $15,000 $5,000 Moving Cost To Salt Lake City $15,500 $4,500 $13,000 $11,500 $18,500 Fresno $5,500 $5,000 $6,500 $14,500 $13,000 Print Done Click to select your answer(s) and then click Check

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!