Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Testing the Optimality: After obtaining the initial basic feasible solution the next step is test whether it optimal or not. There are two methods of testing the optimality of a basic feasible solution.
The first of these is called the stepping stone method in which the optimality test is applied by calculating the opportunity cost of each empty cell.
The second method employed for testing optimality is called the modified distribution method ( MODI). The method is easier and more efficient than the stepping stone method. It is based on the concept of the dual variables that are used to evaluate the empty cells. Using these dual variable the opportunity cost of each of the empty cells is determined. The opportunity cost values in both the methods indicate the optimality or otherwise of a given solution.
Improving the Solution: By applying either of these methods if the solution is found to be optimal then the problem is solved. If the solution is not optimal then a new and better basic feasible solution is obtained.. it is done by exchanging a non basic variable for one basic variable. In simple terms rearrangement is made by transferring units from an occupied cell to an empty cell that has the largest opportunity cost and then shifting the units from other related cells so that all the rim requirements are satisfied. This is achieved by first tracing a closed loop.
What are the market forecasting methods for predicting demand levels? Market forecasting methods for predicting demand levels: a. Survey or sample of buyer’s intentions pr
Yvon, an accountant, is charged with negligence by Zesty Sauce, Inc., a client. Yvon may successfully defend against the claim if she can show that (Points : 2) scienter was lackin
The following figures are taken from the 2003 financial statements of McDonald's and Wendy's. Figures are in million dollars. McDonalds Wendy's Inventory $129.4 $54.4 Reve
Explain Upward Communication. Upward Communication: It moves in the form of feedback from subordinate to the superior. It takes the forms of: - Reports through Subordinat
Persuade management that that the transitioning process is a very important step in the BPO contract. Anticipate issues that will have to be decided on prior to the outsourcing. Li
Super TV Channel 6 operates in a major Midwestern city and is on the air 24 hours a day. Labour-management relations there have been relatively good over the years. There are three
Due to changes in regulatory requirements, the transactions costs associated with selling corporate securities increased by $1 per share. This change will Answer a. cause the co
What would you recommend the company (Rochem Ltd) should do?
1. Examine the flow process chart in the figure and try to develop an improved method for the future, taking advantage of the technologies becoming available. Answer: There are
Briefly explain the management implications of information technology
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!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd