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 contemporary theorists emphasize two approaches, 1. As management t...

1. As management theory has evolved, contemporary theorists emphasize two approaches: the "systems approach," and the "contingency approach." Explain each. 2. Regarding ethics a

Describe innovative ways health care organization, Safety, Health, and Secu...

Safety, Health, and Security" Please respond to the following: • Consider your current (or future) place or work and make at least two recommendations for improving the safety a

How much hours of production time would you schedule for x, Plans are being...

Plans are being made to produce a product that requires 40 minutes on Resource X and 30 minutes on resource Y. Assume that there is only one of each of these resources, and that ma

Explain ethics training back to the workplace be maximized, Define the term...

Define the term, transfer of learning. (2) A critical issue in training is the transfer of training, and ethics training is no exception. How could the transfer of ethics training

Explain system concept of organisation, Explain system concept of organisat...

Explain system concept of organisation. System concept of Organisation: a) System is a group of independent although inter dependent elements (termed as sub-systems) that

Implications for operations manager - operations functions, 1. Reflecting o...

1. Reflecting on McGroddy's comments - what are the implications for the operations manager? Answer: The point to note here is that organisations resist change. It suggests that

Explain what is the role of an organizational leader, What is the role of a...

What is the role of an organizational leader ans what significant impact should they have on a Organization in the past, present and future of a company?

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