Advantage of north west corner method, Business Management

Assignment Help:

Advantage of North West Corner Method:

a. This methods is very effective as it provide step by step solution.
b. It is very simple to obtain optimum solution through this method.

Disadvantage of North West Corner Methods

a. This method does not take into consider the important factor viz, cost which is sought to be minimized.
b. NW corner rule take more time in obtaining optimal solution.

Related Discussions:- Advantage of north west corner method

Buffer stock, The demand and supply can never be assessed exactly. Ther...

The demand and supply can never be assessed exactly. There is discrepancy between actual and estimated demand and supply quantities with fair degree of uncertainty. A b

Improve industrial relations in the company, Question: (a) You have bee...

Question: (a) You have been appointed as the Human Resource Manager of BPO Ltd and the Chief Executive Officer has requested you to propose measures to improve industrial relat

Explain diffusion of innovation theory, A) "Diffusion of innovation theory ...

A) "Diffusion of innovation theory is relevant to software, where software is considered as an innovation. In particular, the elements of diffusion, the innovation decision process

Principles and practices of management, #what are the drawbacks in classica...

#what are the drawbacks in classical and neo classical theories of management

Describes the reengineering business process, Q. Describes the Reengineerin...

Q. Describes the Reengineering Business Process? One of the most significant implementations of competitive strategies is Business Process Reengineering (BPR). A fundamental re

Stages for conducting meetings, QUESTION (a) Business meetings vary in ...

QUESTION (a) Business meetings vary in their type, purpose and style and the need to run effective meetings is nowadays more intense than ever. Describe the different types of

Describe the causes of conflict in organizations, Question 1 (a) Discus...

Question 1 (a) Discuss and explain, with examples, at least 5 factors that inhibit effective communication in a business environment. (b) For each of the factor mentioned i

Importance of the concept of perception for managers, Question 1: (a) D...

Question 1: (a) Describe how the attribution theory helps to understand an individual perception of other individual's behaviour. (b) Describe the importance of the concept

Sources of change in the modern business environment, Section - Introductio...

Section - Introduction An introduction to either An industry or A profession or A particular business or A iwi/hapu group Give an introduction t

Development of an environmental management system, Question: (a) Brief...

Question: (a) Briefly describe the five steps in the development of an environmental management system. (b) The environmental policy instruments have so far focused on t

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages