Construct the initial row and column opportunity cost table

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Reference no: EM134025228

Question

CBA Consulting Firm provides technical assistance to agricultural and fishpond entities. It has three agri-marine specialists, namely, Ryven, Rolly, and Nicanor. It plans to assign then to the three project areas in Cotabato, Davao, and Cagayan. The costs per day of assigning the three specialists to these project areas are shown below. The firm, however, recently received a request for consultancy services from Palawan and is considering if it is economically favorable if one of its specialists will be assigned there. It will cost PhP500 if Ryven is assigned to Palawan, PhP400 to assign Rolly, and PhP750 to assign Nicanor. Cotabato Davao Cagayan Ryven PhP400.00 PhP550.00 PhP600.00 Rolly 250.00 800.00 650.00 Nicanor 250.00 500.00 1,150.00

1. Construct the initial row/column opportunity cost table.

2. Determine the optimal assignment for the three agri-marine specialists and the total optimal cost of the assignment.

Reference no: EM134025228

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