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Least cost matrix

A company has five (5) employees, which are to assigned five (5) projects. The dollar cost of each assignment (in $1,000s) arranged from employee 1 to employee 5, are as follows:

Employee 1 Employee 2 Employee 3 Employee 4 Employee 5

Project 1 $40 $30 $70 $60 $80

Project 2 $30 $50 $40 $60 $30

Project 3 $80 $93 $1,000 $75 $90

Project 4 $20 $10 $40 $20 $30

Project 5 $460 $480 $470 $510 $550

USING WHAT'S BEST ! FIND THE LEAST-COST MATRIX

Let's say in the problem above a sixth employee, who can do all the projects, except one- Employee 6 cannot do Project 3- but can do the other projects at these cost:

Employee 6

Project 1 $58

Project 2 $50

Project 3 - NO BID

Project 4 - $27

Project 5 $450.

USING WHAT'S BEST ! FIND THE LEAST COST MATRIX - USING THE 6 EMPLOYEES.

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The solution examines the least cost matrix.

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