Question
Beth Dale is the Director of Development for a nonprofit organization that depends largely on charitable gifts for its operations. Beth needs to assign four
Beth Dale is the Director of Development for a nonprofit organization that depends
largely on charitable gifts for its operations. Beth needs to assign four different staff
people to make trips to call on four possible donors. Only one staff person can call
on each donor and each staff person can make only one call. Beth estimates the probability
of each staff person successfully obtaining the donation from each potential
giver as follows:
Donor
Staff 1 2 3 4
Sam 0.95 0.91 0.90 0.88
Billie 0.92 0.95 0.95 0.82
Sally 0.95 0.93 0.93 0.85
Fred 0.94 0.87 0.92 0.86
a. Formulate an NLP model to determine the assignment of staff persons to donors
that maximizes the probability of receiving all donations.
b. Implement your model in a spreadsheet and solve it. What is the optimal solution?
c. Suppose it is estimated that the donations possible from donors 1, 2, 3, and 4 are
for $1 million, $2 million, $0.5 million, and $0.75 million, respectively. How
should Beth assign her staff if she wants to maximize the expected value of the
donations received?
d. All staffers will have the least luck soliciting funds from donor number 4, so no
one really wants to be assigned to this donor. Indeed, each staffer will regret not
being assigned to the donor with whom they have the highest probability of success.
Suppose we define the amount of this regret for each staffer by their maximum
probability of success minus the probability of success for their actual
assignment. What assignment of staffers to donors will minimize the maximum
regret suffered by any staffer?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started