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 delegation, What is delegation? There is a limit to what a part...

What is delegation? There is a limit to what a particular can perform single-handed. After a point, the other persons working in the organisation have to be connected for perfo

Explain why is strategic management critical to the success, Why is strateg...

Why is strategic management critical to the success of an organization in meeting its goals and mission?

Explain implementation of a transnational strategy, What do you see as the ...

What do you see as the main organizational problems that are likely to be associated with implementation of a transnational strategy? Explain

Explain starting with conceptual design and ending, Maurice Mickle white ha...

Maurice Mickle white has decided to replant his garden. Show him what the cost is of making an erroneous decision at various stages of the project, starting with conceptual design

Explain which characteristic of a project manager is more im, Discuss which...

Discuss which characteristic of a project manager is more important to high performance teams%u2014use of power or motivation?

Measures to prevent accidents, Measures  to prevent Accidents 1. Prope...

Measures  to prevent Accidents 1. Proper Selection  of Workers: A scientific selection  of workers  is more  important from safety  point  of view.  The attitude  and  aptitu

Display the demand data, The demand for a product for the past 30 periods i...

The demand for a product for the past 30 periods is shown below. Determine the reorder point, R, and order-up-to-level, S, for this product for the next 6 periods (periods 31-36).

Calculate the standard production, Calculate the standard production  per s...

Calculate the standard production  per shift  of 8 hours duration  with the followings data: Observed time  per unit 5 minutes  Rating  factor 120 %  Total allowances 33.3

Describe main motivational theories described in the text, There are a vari...

There are a variety of theories of motivation, many of which are complementary. Of the main motivational theories described in the text, which theory or theories do you think would

Explain important terms of the factories act 1948, Explain important Terms ...

Explain important Terms of the factories act 1948. Important Terms of act: (a) Factory:  A place wherein ten or more persons are working and wherein a manufacturin

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