The Hungarian Method (Flood’s Technique)
The
finding the optimal solution to an assignment problem without having to make direct comparisons of every option
Hungarian method is an efficient method of
It operates on the principle of
matrix reduction
By subtracting and adding appropriate numbers in the cost table or matrix, we can reduce the
problem to a matrix of
opportunity costs
Opportunity costs show the relative penalty associated with assigning any person to a project
as opposed to making the
We want to make assignment so that the opportunity cost for each assignment is zero
best assignment