Stepping stone methods, Operation Management

Assignment Help:

Stepping Stone Methods :

This is a procedure  of determining the optimal if any for improving  each  of the non basic  variables  in terms of the objective function. To determine  this  potential each of the non basic  variables ( Empty cells ) is consider one by one. For  each  such well  we find  out as to what  effect on  the total cost  would  be if  one unit is assigned to this  cell. With  this information  then we come  to know  whether  the solution  is optimal  or not. If not we  improve  that solution. To  understand  it we  refer to the  table a side which  is a reproduction of the  table above  containing the  initial basic  solution obtained by NW corner rule.

 In the  above table there  are four empty cells  BD, CD, AF, BF,

312_Stepping Stone Methods.png

The  rule for  testing  the optimality  is if none  of the empty  cell has a positive  opportunity  cost the solution is optimal. And if  one ( or more ) of  the empty  cell have  a positive  opportunity  cost the  solution is not  optimal  and calls for revision. We  concentrate only on the cells  that  have  positive  opportunity  cost and would  select the one with  the highest  value.


Related Discussions:- Stepping stone methods

Explain why is this qbe implementation so effective, Identify an Internet s...

Identify an Internet site that has a very effective Query-by-Example (QBE) implementation for complex queries (multiple simultaneous attributes/fields) to efficiently navigate amon

Explain foreign domestic investment confidence index, How is foreign domest...

How is foreign domestic investment confidence index useful to businesses?

Explain what is the efficiency process, An assembly line currently has five...

An assembly line currently has five workstations and the time required for each is shown below 1. 42sec 2. 49 sec. 3. 32 sec. 4. 47 sec. 5. 42 sec. What is the efficiency process?

Explain an approach to a business diversity program, Describe an approach t...

Describe an approach to a business diversity program that would pragmatic and ethical

Explain successful multichannel strategy, Assess the extent to which Staple...

Assess the extent to which Staples has developed a successful multichannel strategy. What factors have contributed to its success?

Explain ethical principles in marketing situations, Applying sound ethical ...

Applying sound ethical principles in marketing situations: a.is a losing battle. b.must be a continuous process. c.requires a major competitive fight. d.is impossible for most comp

Explain exponential smoothing, An electrical contractor's records during th...

An electrical contractor's records during the last five weeks indicate the number of job requests Week: 1 = 22 requests 2= 24 requests 3= 20 requests 4= 23 requests 5= 24 requests

What does acknowledging sources involve, What does acknowledging sources in...

What does acknowledging sources involve? Sources of information and the ideas of others that you use in your assignments, research and class activities may include books, journa

Explain worker adjustment and retraining notification act, Outline the prov...

Outline the provisions of the Worker Adjustment and Retraining Notification Act (WARN) of 1988 stating its rules, liabilities, and loopholes. Discuss the reasons why this act was c

Explain what is the probability that both are successful, DO NOT WORK A com...

DO NOT WORK A company is considering producing two new electronic games designed for the popular Gameboy toy. Based on market data, management believes there is a 60 percent chance

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