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

The ability to rapidly as inexpensively switch production, The ability to r...

The ability to rapidly and inexpensively switch production from one product to another enables which of the following

What are individual and group decisions, What are individual and group deci...

What are individual and group decisions? Individual decisions are taken through a single individual in context of routine decisions whether guidelines are already given. Group

Number defective - np chart, Number Defective - Np Chart This type of ...

Number Defective - Np Chart This type of chart can be used when it is possible to establish a constant sample size n. It has the advantage that it is readily understood by use

Explain significant values of an organization, Symbols, stories, and heroes...

Symbols, stories, and heroes are important because they ------------------------ entertain executive level management. Address the concerns of government. Acquaint customers to the

List causes of the bullwhip effect, Question : (a) The Volume-Variety ...

Question : (a) The Volume-Variety characteristics in any business operations directly influence the layout and the flow of transformed resources. Discuss the four possible ty

Explain the stage in the product life cycle labeled a, The stage in the pro...

The stage in the product life cycle labeled A in the below figure is called introduction. maturity. growth. diversification. decline.

Explain why employees steal property, Discuss what you think are FOUR (4) r...

Discuss what you think are FOUR (4) reasons why employees steal property (office supplies, petty cash, cheat on travel expense reports, parts/ equipment, embezzle money) from their

Basic stages, basic stages of Operation Management

basic stages of Operation Management

Explain new priority management system, How should Matulovic respond to his...

How should Matulovic respond to his fellow executives who are calling to ask him for special treatment outside the new priority management system?

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