Assignment Problem Solving Using Solver

Concept Explanation: The video explains the assignment problem, where one job must be assigned to one employee without overlap, ensuring no job is assigned to multiple employees and no employee gets multiple jobs.
Setup in Excel: The process involves creating a matrix with job and employee assignments, adding rows and columns for sums to check supply and demand constraints.
Objective Function: Demonstrates how to set up the objective function in Excel using the SUMPRODUCT formula, which is crucial for calculating the total cost or benefit.
Solver Configuration: Details the steps to configure Excel Solver, including setting the objective function, defining constraints (row sums and column sums), and ensuring decision variables are binary (0 or 1).
Results Interpretation: Shows how to run Solver to find the optimal assignment with minimal cost, providing specific assignment results, and also demonstrates how to modify the problem to find the maximum cost scenario.