Satisfying the total value maximization principle

Assignment Help Operation Management
Reference no: EM132115130

In an organization, A1 prefers three (3) tasks T3, T2, and T1 in order of preference. A2 prefers the three (3) tasks as follows T2, T3, and T1. A3 prefers the three (3) tasks as follows T2, T3, and T1, the same as A2. The owner P has assessed the competency of each agent to do each task in order of ability as follows. For T1, the best agents in order are A1, A2, and A3. For T2, the best agents in order are A1, A2, and A3, the same as T1. For T3, the best agents in order are A2, A1, and A3. Each Agent can only do one task.

(a) How could P match each agent to each task optimally?

(b) Why can this algorithm be said to be efficient as well as satisfying the total value maximization principle?

(c) What happens if A2 misrepresents its preferences as T2, T1, and T3, instead of T2, T3, and T1?

Reference no: EM132115130

Questions Cloud

Identify organization current and future strategic position : Use tools to identify an organization’s current and future strategic position.
Determine gross and net requirements of the raw materials : determine the gross & net requirements of the raw materials.
Most important concepts you have learned in this course : Reflecting on the past ten (10) weeks, specify what you believe are the two (2) most important concepts you have learned in this course.
Research an article for an organization recruitment process : Research an article/journal using the university's library regarding an organization's recruitment process. The article should be based on either challenges.
Satisfying the total value maximization principle : Why can this algorithm be said to be efficient as well as satisfying the total value maximization principle?
Phrase knowledge is power is likely recognizable : The phrase knowledge is power is likely recognizable and attempts to speak to specific location where power can be used to overcome oppression power from above
What strategies would you consider employing : Human resource professionals need to ensure that employees have a voice in the employment relationship with their employers.
Global markets develop single strategy : Should businesses involved in global markets develop a single strategy for all markets or different strategies for each one?
Decide how many machines of certain type to purchase : A manager must decide how many machines of a certain type to purchase. Each machine can process 100 customers per day.

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd