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 social media in checking references, I will need at least one page ...

I will need at least one page with cites and references; (use of social media in checking references)

Explain what is the time between orders, The current order quantity for Pau...

The current order quantity for Paul's Pasta Pinwheels is 200 boxes. The order cost is $4 per order, the holding cost is $0.40 per box per year, and the annual demand is 500 boxes p

Explain attacking personal computers to instill fear, 1. In _______________...

1. In ________________, the court ruled that: 1) a search is not unreasonable if items sought are not in the possession of the suspected criminal, and 2) the search should not inte

Compute the schedule variance or cost performance index, A project to build...

A project to build a new bridge seems to be going very well since the project is well ahead of schedule and costs seem to be running very low. A major milestone has been reached wh

Combination layout, discuss the concept of a combination layout

discuss the concept of a combination layout

Service operations managers - left in the dust, Ques: On what basis do you ...

Ques: On what basis do you think Schmenner (1986) suggests that service managers who see themselves as unique may be 'left in the dust'? Ans: Schmenner (1986) suggests that if s

Explain why is it important to try to fill in the gaps, When interviewing, ...

When interviewing, why is it important to try to fill in the gaps in a candidate's employment history?

Explain what is the coefficient of determination, A large school district i...

A large school district is revaluating its teachers' salaries. They have decided to use regression analysis to predict mean teacher salaries at each elementary school. The research

Explain how does one go about controlling workers, How does one go about co...

How does one go about controlling workers' compensation cost, and why is that important?

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