A MINIMUM-COST ANALYSTS ASSIGNMENT MODEL FOR ASSET EVALUATION OF INSOLVENT SAVING AND LOAN INSTITUTIONS

Audit staff planning has been a challenging problem for accounting, au diting and real estate firms. This paper presents a mathematical model and a solution methodology for determining the minimum-cost analysts assignment, when analysts should travel from geographically dispersed locations to evaluate assets of an insolvent Saving and Loan instituti on. Computational experiments with the solution algorithm on 27 random ly generated projects show (a) that the solution methodology efficient ly generates an optimal solution, and (b) provides the decision maker with alternative next best plans through ex post sensitivity analysis. Although specific, variations of the model and algorithm presented he re can be applied to a variety of audit staff assignment problems in a ccounting and real estate firms.