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Least Cost Methods ( LCM): The NW corner rule describe earlier consider only the availability and supply requirements in making assignments'. It take no according of the shipping costs given in the tableau. It is therefore not a sound method as it ignores the very factor ( cost) which is sought to be minimized. The least cost method and the Vogel Approximation methods consider the shipping costs while making allocations.
The transportation schedule obtained is reproduced in table below. It involves a total cost of Rs. 555. Total Cost 4x15+1x35+3x20+8x20+4x60x= Rs. 555
Jane Reed bakes breads and cakes in her home for parties and other affairs on a contract basis. Jane has only one oven for baking. One particular Monday morning she finds that she
1) Definition of Quality Part 1: How do you define Quality? Provide a definition of quality, support your definition, and define the stakeholders who are affected by your quality d
What do you understand by “line balancing”? What happens if balance doesn’t exist?
Q. A textile manufacturer is interested in optimally determined inventories for cutting operations for a children’s product line. The production manager would like to establish th
Given the ease of use of simulation software such as Crystal Ball, what other data used in project management should probably be simulated?
TRUE or FALSE. The Sergio Lumber Company manufacturers plywood. One step in the process is the one where the veneer is dried by passing through a huge dryer (similar to an oven) wh
Factors contributing to competitive rivalry include A) The corporate attitudes toward marketing strategies B) Nature of the product and homogeneity of market C) The suppor
What is the relationship between the growth in worldwide competition and the evolution of the supply chain concept?
The ability to rapidly and inexpensively switch production from one product to another enables which of the following
Which of the following could not be used as a fire wall? a. hub b. router c. server d. PC
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