Least cost methods, Operation Management

Assignment Help:

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.

2056_Least Cost Methods.png

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


Related Discussions:- Least cost methods

Discuss how various legal-political-economic system, Discuss how various le...

Discuss how various legal, political, economic, and cultural systems may affect the brokering of a relationship with international partners.

Explain cios becoming more externally customer focused, Why would there be ...

Why would there be internal resistance to CIOs becoming more externally customer focused than they were before? Does this present a threat to executives in other areas of a company

Explain relationships between perceptions and attitudes, What are the relat...

What are the relationships between perceptions, attitudes, behaviours, and job performance

Activities and types of scheduling, Activities and Types of Scheduling ...

Activities and Types of Scheduling Scheduling includes the followings activities 1. Allocation of quality and rate of output of the plant or department. And 2. Allocation

Factors affecting scheduling - external factors, Factors Affecting Scheduli...

Factors Affecting Scheduling - External Factors The following factors govern the scheduling and are to be considered before establishing scheduling plan: External Factors:

Briefly explain two arguments raised in the text, Briefly state two argumen...

Briefly state two arguments raised in the text for and against tort reform

Explain the elements of an organizations environment, Describe the elements...

Describe the elements of an organization's external environment. Why is it important to understand the external environment?

Operation Management and POM QM sums , The assignment consists of 3 exercis...

The assignment consists of 3 exercises, and the marks for each question varies. Printouts provided with the prose solutions and explanation of the POM-QM solutions must be original

Describe communication skills, From the scenarios, we see that Chris and Er...

From the scenarios, we see that Chris and Erica have different communication styles that could potentially have a negative impact on the business. Suggest at least two strategies t

Explain women understand the importance of behaving similar, The program, "...

The program, "Bully Broads" is designed to help Answer men understand the controlling nature of women. Women understand how their perception of what it takes to get ahead can be vi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd