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

What is the annual carrying rate, ABC Aircraft uses 3,000 drill bits annual...

ABC Aircraft uses 3,000 drill bits annually. Each drill bit costs $50 and each order ABC places costs $25. The annual carrying rate is 40% of unit cost. ABC has contracted with the

Explain changes in the environment, What changes in the environment provide...

What changes in the environment provided the opportunity for the Dewmocracy approach?

Explain supply chain risk management tools, Of the barriers to supplier dev...

Of the barriers to supplier development mentioned in this chapter, which ones, in your opinion, are the most difficult to overcome? 2. Describe the major sources of supply base ris

Describe affirmative action and managing diversity, What distinctions can y...

What distinctions can you make between affirmative action and managing diversity

Explain king henrys impact on the rule of law, Answer the following questio...

Answer the following questions on the Topic of The History of the American Corporation 1. Describe what is the rule of law and its importance on a successful capitalistic socie

Explain things never to say to women executives, Go to www.diversityinc.com...

Go to www.diversityinc.com and search for "Things Never to Say to Women Executives". List three examples and provide a one page explanation regarding how these statements undermine

Describe fixed-order quantity total cost, Which of the following is the set...

Which of the following is the set of all cost components that make up the fixed-order quantity total cost (TC) function? Answer a. Annual holding cost, annual ordering cost,

Benefits of effective operations management, what are the benefits of effec...

what are the benefits of effective operations management. Discuss.

Explain what are supply-chain management strategies used, What are at least...

What are at least four supply-chain management strategies used in Regal Marine? Present and explain them.

Propose process improvements, propose process improvements, and justify you...

propose process improvements, and justify your reasons, for the improvements, to the flowchart for answering calls.

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