There are two jobs to be assigned to two workers. If the profit for worker A on Job 1 is
$5 and on Job 2 $8 and for worker B Job 1 profit is $10 and profit from job 2 is $12
how should the work be divided using the assignment method?
A) worker A- job 1 worker B- job 2
B) worker A- job 2 worker B- job 1
C) worker A gets both jobs 1 and 2
D) worker B gets both jobs 1 and 2
E) unable to determine
The expected value with perfect information is
A) the maximum EMV for a set of alternatives
B) the same as the expected value of perfect information
C) valuable in situations involving risk
D) the average return obtained when the decision maker knows which state of nature is
going to occur before the decision is made
E) obtained using conditional probabilities
The extension of MRP which extends to resources such as labor hours and machine
hours, as well as to order entry, purchasing, and direct interface with customers and
suppliers is
A) MRP II
B) enterprise resource planning