Use the Hungarian Method to Obtain the Optimal Solution to the Following

question 1

Essay

Use the Hungarian method to obtain the optimal solution to the following assignment problem in which total cost is to be minimized.All tasks must be assigned,and no agent can be assigned to more than one task.​

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Definitions:

Balance of Payments

A financial statement that summarizes a country’s transactions with the rest of the world, including imports, exports, and capital flows.

Credit Item

An entry that increases the balance in a bank account or financial statement, signifying an inflow of funds.

American Car

Refers to automobiles manufactured by companies based in the United States, known for their significant contribution to the automotive industry.

Current Account

A component of a country's balance of payments that includes the balance of trade, net income from abroad, and net current transfers.