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 michael porter''s competitive forces model, Discuss Michael Porter'...

Discuss Michael Porter's Competitive Forces Model. Provide examples to illustrate your points.

Explain your approach to tracking a project, Describe your approach to trac...

Describe your approach to tracking a project. What kinds of issues would you focus on if you were a project manager? Why?

Categorize the problem that interfere with a firm, Categorize the problem t...

Categorize the problem that interfere with a firm reaching its goals in the short-run

Explain malcolm baldrige national quality award, "Malcolm Baldrige National...

"Malcolm Baldrige National Quality Award" Please respond to the following Discuss the standout features of the companies approaches to managing operations. Discuss the attribute

Explain it projects that should be a part of bill''s it plan, List and desc...

List and describe (in two or three sentences each) three IT projects that should be a part of Bill's IT Plan - one project to support each area and/or process identified in above

Are there different types of operations systems, 1. Are there different typ...

1. Are there different types of operations systems?  Ans: Yes, characteristics show that manufacturing companies break down into categories as do service organisations. Once the

Explain conflict with the protections provided in the nlrb, The National La...

The National Labour Relations Act has been criticized as an outdated piece of legislation that is hindering, rather then helping, American cope with the realities of the new global

Do you think that there is too much advertising out there, Do you believe t...

Do you believe that there is too much advertising out there? Do you think there should be a limit to advertising? Explain.

PRoject, I need to chose a operations management concept or technique in or...

I need to chose a operations management concept or technique in order to help address the issue of the DFW security wait lines. This is a group project and my teammates have starte

Explain and discuss managerial skills, 1. What are the four functions of ma...

1. What are the four functions of management? Define them. How do these functions relate to the goals of an organization? What is the relationship of efficiency and effectiveness t

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