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The NW corner rule described earlier considers only the availability and supply requirements in making assignments. It takes no account of the shipping costs given in the tableau. It is therefore not a sound methods as it ignores the very factor (cost ) which is sought to be minimized. The least cost methods and the Vogel Approximation methods consider the transportation costs while making allocations.
As the name suggests of all the routs ( that is combination of sources and destination) select the one where transportation cost is the least. Now consider the supply available at the corresponding source and demand at the corresponding destination and put the lower of the two as the quantity to be transported through that route. After this delete the source destination whichever is satisfied. Consider the remaining routes and again choose the one with the smallest cost and make assignments. Continue in this manner until all the unit are assigned.
In a business, statistics is used to study the demand and market characteristics of the product or service being sold. In fact, market research
Six Operators are to be assigned to five jobs with the cost of assignment in Rs. given in the matrix below. Determine the optimal assignment. Which operator will have no assignment
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y pa
what is pert and cpm?
Advantages of Mean Deviation a.It is based on all the observation . any change in any item would change the value of mean deviation. b.Mean deviation is less aff
current economic situation
difference between simplex solution procedure for maximisation and minimisation
Ask questb. A Company produces 150 cars. But the production rate varies with the distribution. Production Rate 147 148 149 150 151 152 153 Probability 0.05 0.10 0.15 0.20 0.30 0.15
Cases are generally based on certain issues and problems. Diagnostic, analytical and decision making skills help in case solution. A case study or case based assessment is designed
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