To Use the Hungarian Method,a Profit-Maximization Assignment Problem Requires

question 18

Multiple Choice

To use the Hungarian method,a profit-maximization assignment problem requires

• A)converting all profits to opportunity losses.
• B)a dummy agent or task.
• C)matrix expansion.
• D)finding the maximum number of lines to cover all the zeros in the reduced matrix.

---

Definitions:

World Bank

Organization established by industrialized nations to lend money to less-developed countries.

Financial Crisis

A situation where the value of financial institutions or assets drops significantly and is often accompanied by panic in the financial markets and a lack of liquidity.

Quotas

Limits set on the quantity of a product that can be imported or exported during a given timeframe, used as a trade policy tool.

Specified Time Periods

Designated or clearly defined intervals of time within which certain actions are performed or conditions are to be met.