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#Operational research method free
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We prepare quality content and notes for Least cost method (LCM) topic under Operations Management theory and study material. We provide step by step Least cost method (LCM) question's answers with 100% plagiarism free content. Live tutors are available for 24x7 hours helping students in their Least cost method (LCM) related problems. When a company have different manufacturing plants at different places, and have. Linear Programming is a mathematical technique for finding the best use of limited. 5900.Įmail based Operations Management assignment help - homework help at ExpertsmindĪre you searching Operations Management expert for help with Least cost method (LCM) questions? Least cost method (LCM) topic is not easier to learn without external help? We at finest service of Operations Management assignment help and Operations Management homework help. Top 6 Methods Used in Operation Research Method 1. The number of occupied cells is 5, that is equal to the value of (m+n-1), i.e. Step 4: The process is continued till the entire goods are assigned. Step 3: Next, we move to that cell where the next higher unit cost of transportation exists and assign the possible number of goods. 'Manuscript and illustrations for this volume were prepared for publication by the Summary Reports Group of the Columbia University Division of War Research under contract OEMsr-1131 with the Office of Scientific Research and Development.
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Step 2: The possible number of goods that can be assigned to the cell (F 3, W 1) is 100. Title on half-title page: Summary technical report of the National Defense Research Committee. Step 1: First, we consider the cell when the unit cost of transportation is the least i.e. Solve the problem using least cost method. Step 3: Select a cell with the next higher unit transportation cost and continue the process till all requirements are met.ĭistances between factory and its warehouses and demand at each warehouse are given in the table. Then consider the remaining cells of the same unit transportation cost. Step 2: If the minimum cost exists in several cells, select a cell arbitrarily and assign the possible number of goods. Step 1: Select the cell with the least unit transportation cost and allocate as many units as possible to that cell. In this method, allocations are made on the basis of unit transportation costs.