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Least Cost Methods ( LCM): The NW corner rule describe earlier consider only the availability and supply requirements in making assignments'. It take no according of the shipping costs given in the tableau. It is therefore not a sound method as it ignores the very factor ( cost) which is sought to be minimized. The least cost method and the Vogel Approximation methods consider the shipping costs while making allocations.
The transportation schedule obtained is reproduced in table below. It involves a total cost of Rs. 555. Total Cost 4x15+1x35+3x20+8x20+4x60x= Rs. 555
suppose the manufacturer has an inflated demand forecast as follows: Quantity Probability 2,200 5% 2,300 6% 2,400 10% 2,500 17% 2,600 30% 2,700 17% 2,800 12% 2,900 3% (a) Suppose t
When conflicting medical opinions are presented, should the advice of a medical expert count more heavily than the opinion of a general physician? Explain your answer.
Medical Solutions, Inc. has the following claims it must complete in the next week (40 hours). The jobs are as follows: Claim Type Number of Claims to Process Setup (Changeover) Ti
Wendys opens a drive through with one cashier and one food preparer. Customers will first enter the "place order" line to meet the cashier and then enter the "pick up" line to get
Case Study: The ePoint Store stocks paint in its warehouse and sells it online on its Internet Web site. The store stocks several brands of paint; however, its biggest seller i
What are the activities of value chain analysis? Activities are business activities the organisation manages so as to add value for example, the product or service is worth mor
A wide array of leadership perspectives and theories. In order to synthesize the information, it is best to look at a real-life situation and analyze the leadership styles. Case 14
What are the benefits of list segmentation to direct marketers?
Legal constraints and ethical constrains when dealing with drinking with business clients
Your public school district has experienced unprecedented growth and as a result has built the new 500 student North Park Elementary School. The district has three older and small
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