1 A company has five sales representatives available for assignment to three sales districts. The sales in...
Question:
1 A company has five sales representatives available for assignment to three sales districts. The sales in each district during the current year depend on the number of sales representatives assigned to the district and on whether the national economy has a bad or good year (see Table 12). In the Sales column for each district, the first number represents sales if the national economy had a bad year, and the second number represents sales if the economy had a good year.
There is a .3 chance that the national economy will have a good year and a .7 chance that the national economy will have a bad year. Use dynamic programming to determine an assignment of sales representatives to districts that maximizes the company’s expected sales.
Step by Step Answer:
Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston