A city corporation has decided to carry out road repairs on main four arteries of the...
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A city corporation has decided to carry out road repairs on main four arteries of the city. The government has agreed to make a special grant of Rs. 50 lakh towards the cost with a condition that the repairs be done at the lowest cost and quickest time. If the conditions warrant, a supplementary token grant will also be considered favorably. The corporation has floated tenders and five contractors have sent in their bids. In order to expedite work only one road will be awarded to only one contractor. Find the best way of assigning repair work to the contractors and the costs. If I is necessary to seek supplementary grants, what should be the amount sought? Which of the five contractors will be unsuccessful in his bid? C1 C2 C3 C4 C5 R1 9 7 9 10 10 R2 14 17 18 12 15 R3 19 20 21 18 21 R4 15 19 18 19 16 A city corporation has decided to carry out road repairs on main four arteries of the city. The government has agreed to make a special grant of Rs. 50 lakh towards the cost with a condition that the repairs be done at the lowest cost and quickest time. If the conditions warrant, a supplementary token grant will also be considered favorably. The corporation has floated tenders and five contractors have sent in their bids. In order to expedite work only one road will be awarded to only one contractor. Find the best way of assigning repair work to the contractors and the costs. If I is necessary to seek supplementary grants, what should be the amount sought? Which of the five contractors will be unsuccessful in his bid? C1 C2 C3 C4 C5 R1 9 7 9 10 10 R2 14 17 18 12 15 R3 19 20 21 18 21 R4 15 19 18 19 16
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Related Book For
Accounting
ISBN: 978-0324188004
21st Edition
Authors: Carl s. warren, James m. reeve, Philip e. fess
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