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

Explain goals should not be clearly articulated, Clearly-defined goals are ...

Clearly-defined goals are the essence of great teamwork. Which of the following statements is most true about how goals should be articulated by teams: a. Goals should not be clear

MBA 2ND SEM, Q3. What do you understand by “line balancing”? What happens i...

Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?

Assemble to order - types of operations systems, Assemble To Order - Types ...

Assemble To Order - Types of Operations Systems This is an intermediate category, where varied products are quickly put together from stocks of standard components or sub-asse

What are the chase demand strategies, What are the Chase demand strategies?...

What are the Chase demand strategies? Chase demand strategies: It is just the opposite of a level capacity strategy. The organisation frequently chases customer demand an

Describe three challenges that firms face, Identify and explain three chall...

Identify and explain three challenges that firms face in the future regarding quality

Explain development of the germ theory of disease, In the 19th century hosp...

In the 19th century hospitals had notorious reputations questionable places to visit, risky places to stay. What advances changed all this? a.development of the germ theory of d

Forecasting adn Time Series Anlaysis, To answer Question 1: Use the forecas...

To answer Question 1: Use the forecasting module that you opened in the POM-QM for Windows software to solve the Southwestern University case study at the end of Chapter 4 of the H

Decisions making and profit maximization, Question 1. It is often said...

Question 1. It is often said that profit maximization is the sole objective of business conduct. Do you agree with this view? Justify your answer using at least one example /

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

How can a wireless network compensate for fading and delay?

Describe how does national culture affect strategy, How does national cultu...

How does national culture affect strategy? To what extent do different approaches to strategy, different ways of thinking about strategy, reflect different underlying cultural assu

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