Determine the optimal solution to the problem using Hungarian Method and compute the total maximum profit.Give the assignment which will best optimize the cost allocation. A. ABC Car Rental plans to purchase five new automobiles replace five older vehicles. The older vehicles are to be sold at auction. The agency has solicited from five individuals, each of whom wishesto buy only one vehicle but agreed to make a sealed bid on each of the five cars. The bids are as follows in terms of (P10,000)BUYERSAUTOMOBILEFordHyundaiNissanToyota13Mitsubishi2111189211141215103671186841011121051113711815

Let T be Toyota Let M be Mitsubishi Let F be Ford Let H be Hyundai Let N be Nissan

Answered: Determine the optimal solution to the…

Determine the optimal solution to the problem using Hungarian Method and compute the total maximum profit. Give the assignment which will best optimize the cost allocation.

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...

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