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

Why is this an vital concern for all businesses today, 1)What should you do...

1)What should you do after the fact when your company's information security has been breached? 2)what can you do to protect your company's data from unauthorized access? 3)W

Explain does either couple pay a marriage tax, Jabus and Kelsey are a marri...

Jabus and Kelsey are a married couple with no children. Each earns $120,000 per year, and their combined household adjusted gross income is $240,000. Anthony and Caitlin, who are m

Describe writing process to produce quality documents, Explain your persona...

Explain your personal writing process. What has worked for you in your effort to produce quality documents? What is your biggest writing challenge?

Intermittent and continuous operations, Explain intermittent and continuous...

Explain intermittent and continuous operations. Under what type of situation it would be used in automobile industry?

How performance based pay systems might be better designed, Is performance-...

Is performance-based pay effective? Why or why not? How performance based pay systems might be better designed to ensure optimal results

Explain repetition of new product, You are a consultant called in to estima...

You are a consultant called in to estimate the costs after the employees learn how to do a job more efficiently by repetition of new product. You find a company can produce a produ

Explain business-level strategy, "Business-Level Strategy" Please respond t...

"Business-Level Strategy" Please respond to the following: • From the first e-Activity, assess your satisfaction with the company you researched and make recommendations about h

Advantages of work measurement, Advantages of Work Measurement: 1.    ...

Advantages of Work Measurement: 1.        It serves as a basis  for  methods  analysis by comparing  the efficiency  of alternative  work  method. Other  conditions  beings  t

Explain in comparing two populations using paired difference, In comparing ...

In comparing two populations using paired differences, after the difference is found for each pair, the method for testing whether the mean difference is equal to 0 becomes the sam

Operations sequence analysis, Operations Sequence Analysis Being an ea...

Operations Sequence Analysis Being an early approach to process layouts operations sequence analysis develop a good scheme for arrangement of department graphically analysis t

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