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

Explain fledible cross functional teams, Strategy Highlits 11.2 dicusses th...

Strategy Highlits 11.2 dicusses the informal oranizational structure of W.L.Gore and Associates. Go to the firm's Website (www.gore.com) and review the scope of the firm. a. Wha

Explain the characteristics of effective teams, Discuss the characteristics...

Discuss the characteristics of effective teams? What are the challenges managers face when managing global teams?

Performance measurement and effectiveness of operations, Question: A ba...

Question: A bank has a section of its business which has two functions:- 1. answering credit control queries from customers both by telephone and in writing; 2. invest

Explain advantages and disadvantages of membership, Define the use of regio...

Define the use of regional trade organizations in international business. Identify the Regional Trade Organization of which the United States is a member. What are some of the adva

Value driven approach, value driven approach to production managemeent

value driven approach to production managemeent

Explain what effective leadership means, Describe what effective leadership...

Describe what effective leadership means to you. Who determines a leader's effectiveness? Provide details and examples to support your thoughts.

Explain entrepreneurial and machine bureaucracy, Find 5 organizations (one ...

Find 5 organizations (one that fits each of the below categories) and include the Web site link and the reason it fits the category: 1-Entrepreneurial 2-Machine bureaucracy

Explain barriers to advancement opportunities for women, What are some of t...

What are some of the barriers to advancement opportunities for women and minorities in many organizations?

Identify at least one instance of probability, Identify at least one exampl...

Identify at least one example of probability encountered in everyday life which has not previously been mentioned AND THEN Identify the type of probability your example best fits b

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