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

Write steps you would take to initiate the project, You are the project lea...

You are the project leader for organization your community's Fourth of July celebration parade this year. In previous years the parade has been well attended and a favourite commun

Explain external factor evaluation, Develop an EFE (External Factor Evaluat...

Develop an EFE (External Factor Evaluation) Matrix for McDonald's Corporation.

LOCATION STRATEGY, In what sequence would the jobs be ranked according to t...

In what sequence would the jobs be ranked according to the following decision rules

Abc analysis, how to find percentage of annual volume

how to find percentage of annual volume

Describe corporate strategy and ethical issues, Discuss corporate strategy ...

Discuss corporate strategy and ethical issues surrounding a human resource strategy cantered around hiring software engineers on work visas at equivalent salaries or sourcing engin

Explain what specific actions entrepreneurs can take, Consider the four maj...

Consider the four major reasons for new business failure. Discuss what specific actions entrepreneurs can take to minimize or avoid these causes of failure

Characteristics of job order production, Characteristics of job order Produ...

Characteristics of job order Production Small Production Runs: Job order production is characterized by the manufacturing of one or few numbers of single product designe

Explain strategic decision support, Strategic decision support Alignment...

Strategic decision support Alignment of information technology and management goals in healthcare is essential. This alignment assumes that information technology experts be abl

Explain the features of six sigma, Question 1: Explain the features o...

Question 1: Explain the features of Six Sigma. • shifts the paradigm quality as the cause of good business performance • The philosophy is to make fewer mistakes. • Is a

What is assuming by theory x, What is assuming by Theory X? Ans: The...

What is assuming by Theory X? Ans: Theory X assumes that a typical person dislikes work.

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