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A police department is trying to allocate crime control resources between murder and burglary.Detectives cost $40,000 each.Suppose that she marginal benefit of one less murder is $20,000 while the marginal benefit of one less burglary is $1,000.The number of murders and burglaries that occur at different levels of detective allocation is shown in the table.
The marginal benefits of 1,2,3,and 4 detectives being assigned to murder prevention are
Objective Function
A mathematical function used in optimization that defines the goal to be achieved, often maximizing or minimizing some quantity.
Optimal Solution
The best possible outcome or answer found for a given problem, often characterized by the most efficient allocation of resources to achieve desired objectives.
Northwest-Corner Rule
A method used in transportation problems of operations research to find an initial feasible solution by starting from the top-left (northwest) corner of a matrix.
Initial Feasible Solution
The starting point of an algorithm that represents a possible solution to a problem, which meets all the constraints of the problem.
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