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

Discuss factors are vital for the success, Selecting the right projects ...

Selecting the right projects Selecting the right parteners Providing an effective leadership Discuss why these factors are vital for the success of international construct

World competitive merit for the manufacturing of goods, The regime in China...

The regime in China has been known to manipulate it currency creating a competitive a world competitive advantage for the manufacturing of goods. Evaluate the impact to the U.S. ma

Explain competitive position through differentiation, In both Europe and No...

In both Europe and North America, established airlines are desperately cutting costs in order to compete with the increasing number of budget airlines. However, it is highly unlike

Explain how can data mining be used to accomplish objective, Your company w...

Your company wants to increase revenues from its existing customers. How can data mining be used to accomplish his objective?

Describe innovative and creative ways, Discuss innovative and creative ways...

Discuss innovative and creative ways to use the patient ID bracelet containing a bar-code representation of the patient's ID and a bar-code scanner that could lead to improved qual

Vertically integrated or virtual organisation, Vertically Integrated or Vir...

Vertically Integrated or Virtual Organisation An organisation might decide not to source goods or services externally but to own the supplier company itself. For instance a

Explain how can a wireless network compensate for fading, How can a wireles...

How can a wireless network compensate for fading and delay?

Explain what has been their global competitive advantage, Select a company ...

Select a company of your choice. What has been their global competitive advantage (either successful or not)? If not, what would be your suggestion to this company if you were hire

Define what leadership does to promote social responsibility, Create a rese...

Create a research paper that discusses how one company (of your choice) illustrates social responsibility in its environment. Discuss what leadership does to promote social resp

Explain sells radio frequency inventory, National Scan, Inc., sells radio f...

National Scan, Inc., sells radio frequency inventory tags. Monthly sales for a seven-month period were as follows: Month/Sales (000) Units Feb 16 Mar.17 Apr. 11 May. 29 Jun. 19 Jul

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