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Hatch Financial, which recently absorbed another firm, is now downsizing and must relocate five information systems analysts from recently closed locations. Unfortunately, there are only
Hatch Financial, which recently absorbed another firm, is now downsizing and must relocate five information systems analysts from recently closed locations. Unfortunately, there are only three positions available for five people. Salaries are fairly uniform among this group (those with higher pay were already given the opportunity to begin anew). Moving expenses will be used as the means of determining who will be sent where. Estimated moving expenses are in the accompanying table. Model this as an integer optimization model to minimize cost and determine which analysts to relocate to the three locations. Click the icon to view the estimated moving expenses for each analyst to each city. To minimize the costs, should relocate to Gary, should relocate to Salt Lake City, and should relocate to Fresno. Estimated Moving Expenses - X Analyst Arlene Bobby Charlene Douglas Emory Gary $6,000 $8,500 $10,000 $3,000 $4,500 Moving Cost To Salt Lake City $4,000 $19,500 $13,000 $11,000 $9,500 Fresno $4,500 $5,000 $13,500 $9,000 $18,000 Print Done Hatch Financial, which recently absorbed another firm, is now downsizing and must relocate five information systems analysts from recently closed locations. Unfortunately, there are only three positions available for five people. Salaries are fairly uniform among this group (those with higher pay were already given the opportunity to begin anew). Moving expenses will be used as the means of determining who will be sent where. Estimated moving expenses are in the accompanying table. Model this as an integer optimization model to minimize cost and determine which analysts to relocate to the three locations. Click the icon to view the estimated moving expenses for each analyst to each city. To minimize the costs, should relocate to Gary, should relocate to Salt Lake City, and should relocate to Fresno. Estimated Moving Expenses - X Analyst Arlene Bobby Charlene Douglas Emory Gary $6,000 $8,500 $10,000 $3,000 $4,500 Moving Cost To Salt Lake City $4,000 $19,500 $13,000 $11,000 $9,500 Fresno $4,500 $5,000 $13,500 $9,000 $18,000 Print Done
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