Advantage of least cost method, Operation Management

Assignment Help:

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.


Related Discussions:- Advantage of least cost method

Explain characterize the bacterial and bacterial-like, Characterize the bac...

Characterize the bacterial and bacterial-like STIs, focusing on infectious agents and manifestations

Explain how you would work to make it a effective policy, Discuss an ineffe...

Discuss an ineffective health-care policy that you personally experienced in your practice, and describe the issues that you feel made it unsuccessful. Using instrumentalism as the

Different roles that need to be performed by team members, Question : (...

Question : (a) "When a team is performing at its best, you'll usually find that each team member has clear responsibilities. You'll also see that every role needed to achieve t

Explain how can i get the solutions, I would like to know how can i get th...

I would like to know how can i get the solutions maual for the book systems analysis and design 9th edition by kendall & kendall can you please let me know how to do it

Explain creating a constant flow of new products, Explain creating a consta...

Explain creating a constant flow of new products or continually updating and improving the current product line: Within a product planning activity, this is clear that b

Explain motivation, Explain Motivation. The factors leading mainly towa...

Explain Motivation. The factors leading mainly towards motivation are :- (i) Achievement - Personal satisfaction in job completion and problem solving. (ii) Advancement -

Define sociotechnical systems theory, Discuss sociotechnical systems theory...

Discuss sociotechnical systems theory and contrast it with the open systems theories of organization development?

Explain case studies with ethnographic research, 1. What benefits can be ga...

1. What benefits can be gained from case studies? What dangers, if any, are there in using case studies? In what ways are they useful? Support your answers. 2. Provide some exam

Describe three challenges that firms face, Identify and explain three chall...

Identify and explain three challenges that firms face in the future regarding quality

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