Explain Why Any Sequence Chosen in the Single-Machine Scheduling Problem

question 21

Essay

Explain why any sequence chosen in the single-machine scheduling problem will not change makespan time.

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Definitions:

Bid Shading

A strategy where a bidder offers a lower price than what they are actually willing to pay, often used in auctions to acquire items at a lower price.

Winner's Curse

A phenomenon that occurs in common value auctions, where the winner tends to overpay due to incomplete information, leading to regret.

Sealed Bid Auctions

Auctions in which all bidders simultaneously submit sealed bids, with no knowledge of the bid amounts offered by competitors.

Oral Auctions

A public bidding event where bids are made through spoken communication.