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

Define what is span of management, Define what is span of management. S...

Define what is span of management. Span of Management termed as the number of subordinates working under a manager.

Explain investment spending sharply declined in the us, In early 2001, inve...

In early 2001, investment spending sharply declined in the U.S.. In the two months following the Sept. 11, 2001 attacks on the U.S., consumption also declined. Use AD-AS analysis t

Explain objectives of job evaluation, Explain objectives of job evaluatio. ...

Explain objectives of job evaluatio. Objectives of job evaluation: a) Decides the relative values of various jobs in an organization.  b) Helps to formulate a suitable a

Develop an aggregate plan for helter industires, Helter Industires, a compa...

Helter Industires, a company that produces a line of women's bathing suits, hires temporaries to help produce its summer product demand. For the current four-month rolling schedule

Explain what percentage of parts will not meet the weight, Specifications f...

Specifications for a part for a DVD player state that the part should weigh between 24.4 and 25.4 ounces. The process that produces the parts has a mean of 24.9 ounces and a standa

Explain what is the cost associated, Your company, ABC Company, uses 100% i...

Your company, ABC Company, uses 100% inspection for all materials and requires zero defect quality of all its vendors. If bad parts are found, it cost $1.00 per part to inspect the

Describe why high-performance value-added salespeople, 1 What future is the...

1 What future is there in selling for women? 2 Explain why high-performance value-added salespeople earn much more than high-performance transactional salespeople. 3 List and

Explain probabilites for grades in management science, The following probab...

The following probabilites for grades in management science have been determined based on the past records: Grade Probability A .10

Benefits of effective operations management, what are the benefits of effec...

what are the benefits of effective operations management. Discuss.

Explain whether or not the usa patriot act violates, Discuss whether or not...

Discuss whether or not the USA PATRIOT Act violates the privacy rights of U.S. citizens. In your response, be sure to include a description of which aspects of the Act you do or do

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