Lowest cost entry method, Operation Management

Assignment Help:

Lowest Cost Entry method s( LCEM) or Matrix Minima Method:

Step1: Determine  the smallest  cost in  the cost matrix of the transportation table. Let it be ( Cij). Allocate Sij = min (a i , b j) in the cell( i, j).

Step 2:

a. If Xij = ai cross  out the  i row of the  transportation  table  and decrease b by aj. Go to steps3.

b. If Xij = b cross out the  j column of the transportation  table and decrease ai by bj go to step 3.

c.  If Xij = ai = bj cross out  either the  row or j column but not both .

Step 3: Te peat steps  1 and 2  for the resulting reduced transportation  table until  all the  requirements  are satisfied. Whenever the minimum   cost is  not unique make an  arbitrary choice among  the minims.


Related Discussions:- Lowest cost entry method

Variety management, what are the different methods of variety management of...

what are the different methods of variety management of manufactured goods

Explain how technology can help your suggestions, Come up with 3 businesses...

Come up with 3 businesses that do not need technology to compete, and then demonstrate how technology can help your suggestions be more successful. For example - a hot dog stand. F

Explain labour relations system of canada, Type your question here compare ...

Type your question here compare and contrast the labour relations system of Canada with that of the U.S. Determine the most significant difference and how it likely impacts the Can

Disadvantages, What are the disadvantages of operation management?

What are the disadvantages of operation management?

Solution to the transportation problem, A transportation problem can be sol...

A transportation problem can be solved by two methods using (a) simplex methods and(b) transportation method. We shall illustrate these with the help of an example. Exam

Explain some inherent challenges in using decision trees, What are some inh...

What are some inherent challenges in using decision trees effectively in today's organizations? How can these challenges be overcome?

Explain what is the role of safety stock in an mrp system, 1) Discuss the m...

1) Discuss the meaning of MRP such as planned order release and scheduled order receipts? 2) Many practitioners currently update MRP weekly or biweekly. Would it be more valuabl

Explain firewalls and encryption, 1. Since the creation of DHS, the Postal ...

1. Since the creation of DHS, the Postal Service is no longer in the business of fighting computer-generated crimes such as child pornography. True or False 2. During the first era

What is image management, After the occurrence of Hurricane Katrina, insura...

After the occurrence of Hurricane Katrina, insurance companies refused to pay claims to insurance holders who paid premiums on time and had binding legal contracts. What do you thi

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