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

Competitive advantage, how a firm could attain a competitive advantage thro...

how a firm could attain a competitive advantage through operation management

Explain when communicating a change, When communicating a change, which rol...

When communicating a change, which role is more important: reporter of information or sense maker? Why

Explain strategy is a common term in business, Strategy is a common term in...

Strategy is a common term in business. Is it a concept and/or a construct? Explain. Define it as a concept and/or a construct.

Describe what options does jane have, Incident 2.2 what options does Jane h...

Incident 2.2 what options does Jane have? What influence, if any, would the federal government have in this case?

Planning tools or techniques, Planning Tools or Techniques General Fra...

Planning Tools or Techniques General Framework Discuss the Planning function in the context of the work of the manager.  Illustrate with a case study. Individual Compone

Quality management systems - improving productivity, Quality Management Sys...

Quality Management Systems - Improving Productivity The introduction of approaches such as ISO 9000; Total quality management, business process reengineering, just-in-time ope

Evaluate the utility and relevance of management, The OM module is assesse...

The OM module is assessed by an individual written report that deals with the application of one or more aspects of the theory taught on the course in the context of an organisatio

Explain critical path, Explain Critical Path. This is that sequence of ...

Explain Critical Path. This is that sequence of activities that decide the complete project duration. Critical Path is formed by critical activities. This path consumes maximum

Explain technology intensive should you make it, When you're creating a onl...

When you're creating a online site, how busy, technology intensive should you make it

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