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

Compute the minimum replenishment time to build model, Calculate the minimu...

Calculate the minimum replenishment time to build 2500 Model A fountains given the following beginning inventories?

Demerits of absolute standards and relative standards, Contrast the advanta...

Contrast the advantages and disadvantages of absolute standards and relative standards.

Explain self-awareness and empathy, The perceptual distortion of projection...

The perceptual distortion of projection can be controlled thru a high degree of/ 1.ethical behaviour/2.cognitive consistency/3.emotional discernment/4. self-awareness and empathy/5

Automation trends in operations management, how automation helps in trends ...

how automation helps in trends of operations management

Explain what is the maximum effective capacity of the system, The roller co...

The roller coaster at Treasure Island Amusement Park consists of 15 cars, each of which can carry up to three passengers. According to a time study each run takes 1.5 minutes and t

Explain graphic project report used in project management, Which of the fol...

Which of the following is a graphic project report used in project management?

Production management, Give 5 steps in deciding Service facility location

Give 5 steps in deciding Service facility location

ERP implementation, These 7 to 8 page essay is a synthesis paper on critic...

These 7 to 8 page essay is a synthesis paper on critical success factors for ERP implementations. For this assignment, the general topic has been provided to you – critical success

What are some merits of a pay-for-knowledge pay system, What are some advan...

What are some advantages of a pay-for-knowledge pay system?

Contrast the code of ethics of both starbucks and mcdonalds, Analyze, compa...

Analyze, compare and contrast the code of ethics of both Starbuck's and McDonald's.

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