​How Is the Assignment Linear Program Different from the Transportation

question 19

Short Answer

​How is the assignment linear program different from the transportation model?

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Definitions:

Goods And Services

The outputs offered by businesses and the economy to satisfy individual or collective needs or wants.

Human Capital

The skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value or cost to an organization or country.

Physical Capital

The stock of tangible, non-financial assets that are used in the production of goods and services, such as machinery and buildings.

Opportunity Costs

The cost of an alternative that must be forgone in order to pursue a certain action, essentially what is sacrificed to choose one option over another.