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A Novel Approach to Optimizing Assignment Problems in Business Economics StrategiesBy Manish Kumar Jaiswal, Chetan Panchal, Vishwajeet S. Goswami
Abstract: The assignment problem is a fundamental optimization challenge in business economics, where resources or tasks must be allocated efficiently to minimize costs or maximize productivity. Traditional methods, such as the Hungarian algorithm, provide optimal solutions but fail to incorporate dynamic business constraints such as fluctuating economic conditions, priority-based assignments, and fairness considerations. This paper proposes a novel approach that integrates priority-based assignment modelling, a dynamic cost adjustment mechanism, and an …
Published in NOLEGEIN Journal of Financial Planning and Management · Vol. 8, Issue 1, 2025 · pp. 10–14 Read article →