Advantage of least cost method, Operation Management

Advantage of Least Cost Method

a.       This method   provides accurate solution as transportation cost is consider while making  allocation.

b.      It is very simple  and easy to calculate optimum  solution  under  this method.

Disadvantage of Least Cost Method

a.         This method does not  follow steps by  step rule for obtaining  optimal solution ,

b.       This method is  based  on the selection through personnel observation when three is a tie  in the  minimum  cost it  does not  follow any systematic rule.

Posted Date: 2/15/2013 3:05:00 AM | Location : United States







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Unit IV: At the Bargaining Table Unit V: Grievances and Arbitration Unit VI: Wage Issues and Economic Supplements Unit VII: Institutional Issues Unit VIII: Administrative Issues