Alternate Approach (Penalty Approach) to Assignment Problem Solving and Comparison to Existing Approaches

Assignment problem is an important area in Operation Research and is also discussed in real physical world. In this paper an attempt has been made to solve the assignment problem using a new Method called the Penalty method. We discuss a numerical example by using the new Method and compare it with standard existing method which is the Hungarian method. We compare the optimal solution of the new Method and the Hungarian method. The new method is a simple procedure, easy to apply for solving assignment problem.