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

Exam of Operation Management, I will have an exam which has 100 Questions. ...

I will have an exam which has 100 Questions. I will have just 24 hours to complete it. My question about that is if you can answer them within this time and handle the answers to m

Explain opportunity of working, What are activities that are carried out at...

What are activities that are carried out at a national union convention, and why does this type of venue allow for the Democratic process to have an opportunity of working?

Explain insignificant point of difference, A young musician goes on tour to...

A young musician goes on tour to promote his newest songs. The concerts are a huge success, but due to technical problems, the musician's songs are not posted to iTunes until 6 wee

Explain supply chain is inappropriate for services, Explain why the goods a...

Explain why the goods analogy of a supply chain is inappropriate for services

Describe innovative ways health care organization, Safety, Health, and Secu...

Safety, Health, and Security" Please respond to the following: • Consider your current (or future) place or work and make at least two recommendations for improving the safety a

Supply Network, In a 1-2 page paper with a graphic as an appendix, identify...

In a 1-2 page paper with a graphic as an appendix, identify a supply network and evaluate the importance of operations management in moving this product through the supply chain to

Explain what is the largest stnd dev, The Good Chocolate Company. Specifica...

The Good Chocolate Company. Specifications for the 12-ounce bar are 330 grams to 350grams. What is the largest stnd dev, in grams, and still considered capable of ave fill of 340 g

Short-term and long-term liabilities, In addition to the car lease, Leonard...

In addition to the car lease, Leonard and Rose each have a VISA card with an interest rate of 18.25% p.a. They currently have a balance of $1,205 and made payments of $3,537 in 201

Define the coordinate of potential sites for hospital, Suppose a new hospit...

Suppose a new hospital is to be built to provide emergenct medical healthcare service to 5 town w coordinates (5,6), (1,3), 13,7), (11,2), (18,1) on a map. The exisiting transporta

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