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2. The U.S. government is auctioning off oil leases at two sites: 1 and 2. At each site, 100,000 acres of land are to be
2. The U.S. government is auctioning off oil leases at two sites: 1 and 2. At each site, 100,000 acres of land are to be auctioned. Cliff Ewing, Blake Barnes, and Alexis Pickens are bidding for the oil. Government rules state that no bidder can receive more than 40% of the land being auctioned. Cliff has bid $ 1,000/acre for site 1 land and $2,000/acre for site 2 land. Blake has bid $900/acre for site 1 land and $2,200/acre for site 2 land. Alexis has bid $1,100/acre for site 1 land and 1,900/acre for site 2 land. The balanced transportation tableau is provided below. Cliff(C)Blk Site 1(S1) Site 2(S2) Demand | | 1000 | 19001 | 1100 1900 Alexis(A) Dummy (D) Supply 01 100000 0 100000 2000 2200 40000 40000 40000 80000 Find the initial basic feasible solution using 1. NWCM 2. VAM 3. Mimimum cost method
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