QUANTITATIVE TECHNIQUES: ASSIGNMENT PROBLEM
To stimulate interest and provide an atmosphere for discussion, a finance faculty in management school is to hold special seminars on four contemporary topic leasing portfolio management private mutual funds and options. Such seminars should be held once a week in the afternoon. However, scheduling these seminars (one for each topic and not more than seminar per afternoon.) has to be done so that the number of students unable to attend is kept to a minimum. A careful study indicates that the number of students who cannot attend a particular seminar on a specific day is as follows;
|
|
Leasing
|
Portfolio management
|
Private mutual funds
|
Swaps and options
|
|
Mon
|
50
|
40
|
60
|
20
|
|
Tue
|
40
|
30
|
40
|
30
|
|
Wed
|
60
|
20
|
30
|
20
|
|
Thur
|
30
|
30
|
20
|
30
|
|
Fri
|
10
|
20
|
10
|
30
|
Required
i) Find an optimal schedule of the seminars.
ii) Find out the total number of students who will be missing at least one seminar.
iii) Explain your solution.