The document discusses three transportation problems solved using the North West Corner Method (NWCM). Each problem involves converting an unbalanced transportation table to a balanced one by adding a dummy column. The steps of the NWCM are then followed to arrive at a solution. The total transportation cost is calculated for each problem solved.
OPERATIONS RESEARCH
TRANSPORTATION PROBLEM
LEAST COST METHOD
method used to obtain the initial feasible solution for the transportation problem
Method: Least Cost Method (LCM)
The least cost method is more economical than north-west corner rule,since it starts with a lower beginning cost. Various steps involved in this method are summarized as under.
Step 1: Find the cell with the least(minimum) cost in the transportation table.
Step 2: Allocate the maximum feasible quantity to this cell.
Step:3: Eliminate the row or column where an allocation is made.
In mathematics and economics, transportation theory or transport theory is a name given to the study of optimal transportation and allocation of resources.A transportation matrix is a way of understanding the maximum possibilities the shipment can be done. It is also known as decision variables because these are the variables of interest that we will change to achieve the objective, that is, minimizing the cost function.
OPERATIONS RESEARCH
TRANSPORTATION PROBLEM
LEAST COST METHOD
method used to obtain the initial feasible solution for the transportation problem
Method: Least Cost Method (LCM)
The least cost method is more economical than north-west corner rule,since it starts with a lower beginning cost. Various steps involved in this method are summarized as under.
Step 1: Find the cell with the least(minimum) cost in the transportation table.
Step 2: Allocate the maximum feasible quantity to this cell.
Step:3: Eliminate the row or column where an allocation is made.
In mathematics and economics, transportation theory or transport theory is a name given to the study of optimal transportation and allocation of resources.A transportation matrix is a way of understanding the maximum possibilities the shipment can be done. It is also known as decision variables because these are the variables of interest that we will change to achieve the objective, that is, minimizing the cost function.
Business Ethics is a form of Applied Ethics. It originates from individuals, organizational
statements or from the legal system. It can be said to be the attitude, culture and manner of doing
business by the business community. Decision Making: It is our means of deciding a course of action. Without it our actions would be random and aimless.
Leadership: The conscious effort to adopt, integrate, and emulate the other 11 principles to guide decisions and behavior in all aspects of professional and personal life.
Accountability: Holding yourself and others responsible for their actions. Commitment to following ethical practices and ensuring others follow ethics guidelines.
Integrity: Incorporates other principles—honesty, trustworthiness, and reliability. Someone with integrity consistently does the right thing and strives to hold themselves to a higher standard.
Respect for others: To foster ethical behavior and environments in the workplace, respecting others is a critical component. Everyone deserves dignity, privacy, equality, opportunity, compassion, and empathy.
Honesty: Truth in all matters is key to fostering an ethical climate. Partial truths, omissions, and under or overstating don't help a business improve its performance. Bad news should be communicated and received in the same manner as good news so that solutions can be developed.
Economic Order Quantity (EOQ) is the order quantity that minimizes total inventory costs. Total Inventory Costs Budgetary techniques for inventory planning
2. A-B-C. System of inventory control
3. Economic Order Quantity (E.O.Q.) i.e., how much to purchase at one time economically
4. VED Analysis
5. Perpetual inventory system and the system of store verification
6. Fixation of Stock Level
7. Control Ratios
1.This PPT covers Definition of CCost Acccountng, . Scope of cost accounting, Advantages, Limitations of cost accounting, differences between Financial Accounting and Cost Accounting.
he physical arrangement of production facilities. It is the configuration of departments, work centers and equipment in the conversion process. It is a floor plan of the physical facilities, which are used in production.
refers to the choice of region and the selection of a particular site for setting up a business or factory. An ideal location is on where the cost of the product is kept to minimum, with a large market share, the least risk and the maximum social gain
The most efficient way to produce finished goods with the lead times needed to meet production demand.
a predetermined process which includes the use of human resource, raw materials, machines etc
A business methodology for quality improvement that measures how many defects there are in a current process and seeks to systematically eliminate
The key sigma principles are the following:
Customer focus
Use data
Improve continuously
Involve people
Be thorough
Total Quality Management (TQM) is a management approach that seeks to provide long-term success by providing unparalleled customer satisfaction through the constant delivery of quality IT services. To properly execute on TQM methods, the entire organization needs to operate as a single unit in the pursuit of excellence
This PPT covers Introduction of Operations research, Features, phases,Limitations of OR Travelling salesman problem, Assignment Problems, transportation Problems, Replacement Problems,EOQ,Inventory Control
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Business Ethics is a form of Applied Ethics. It originates from individuals, organizational
statements or from the legal system. It can be said to be the attitude, culture and manner of doing
business by the business community. Decision Making: It is our means of deciding a course of action. Without it our actions would be random and aimless.
Leadership: The conscious effort to adopt, integrate, and emulate the other 11 principles to guide decisions and behavior in all aspects of professional and personal life.
Accountability: Holding yourself and others responsible for their actions. Commitment to following ethical practices and ensuring others follow ethics guidelines.
Integrity: Incorporates other principles—honesty, trustworthiness, and reliability. Someone with integrity consistently does the right thing and strives to hold themselves to a higher standard.
Respect for others: To foster ethical behavior and environments in the workplace, respecting others is a critical component. Everyone deserves dignity, privacy, equality, opportunity, compassion, and empathy.
Honesty: Truth in all matters is key to fostering an ethical climate. Partial truths, omissions, and under or overstating don't help a business improve its performance. Bad news should be communicated and received in the same manner as good news so that solutions can be developed.
Economic Order Quantity (EOQ) is the order quantity that minimizes total inventory costs. Total Inventory Costs Budgetary techniques for inventory planning
2. A-B-C. System of inventory control
3. Economic Order Quantity (E.O.Q.) i.e., how much to purchase at one time economically
4. VED Analysis
5. Perpetual inventory system and the system of store verification
6. Fixation of Stock Level
7. Control Ratios
1.This PPT covers Definition of CCost Acccountng, . Scope of cost accounting, Advantages, Limitations of cost accounting, differences between Financial Accounting and Cost Accounting.
he physical arrangement of production facilities. It is the configuration of departments, work centers and equipment in the conversion process. It is a floor plan of the physical facilities, which are used in production.
refers to the choice of region and the selection of a particular site for setting up a business or factory. An ideal location is on where the cost of the product is kept to minimum, with a large market share, the least risk and the maximum social gain
The most efficient way to produce finished goods with the lead times needed to meet production demand.
a predetermined process which includes the use of human resource, raw materials, machines etc
A business methodology for quality improvement that measures how many defects there are in a current process and seeks to systematically eliminate
The key sigma principles are the following:
Customer focus
Use data
Improve continuously
Involve people
Be thorough
Total Quality Management (TQM) is a management approach that seeks to provide long-term success by providing unparalleled customer satisfaction through the constant delivery of quality IT services. To properly execute on TQM methods, the entire organization needs to operate as a single unit in the pursuit of excellence
This PPT covers Introduction of Operations research, Features, phases,Limitations of OR Travelling salesman problem, Assignment Problems, transportation Problems, Replacement Problems,EOQ,Inventory Control
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
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Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
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Roman architecture and engineering achievements were monumental. They perfected the arch, vault, and dome, constructing enduring structures like the Colosseum, Pantheon, and aqueducts. These engineering marvels not only showcased Roman ingenuity but also served practical purposes, from public entertainment to water supply.
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2. NORTH WEST CORNER METHOD
1.Solve the following transportation problem by using
NWCM
R1 R2 R3 Supply
S1 4 8 8 76
S2 16 24 16 82
S3 8 16 24 77
Deman
d
72 102 41
3. Solution:
• The given transportation problem is unbalanced
• convert unbalanced into balanced.
• Introduce dummy column with the value of 20
STEP 1:
4 8 8 0 76
16 24 16 0 82
8 16 24 0 77
72 102 41 20
8. 2.Solve the transportation problem by using
NWCM
M1 M2 M3 M4 M5 Supply
F1 4 2 3 2 6 8
F2 5 4 5 2 1 12
F3 6 5 4 7 7 14
Dema
nd
4 4 6 8 8
9. Solution:
• The given transportation problem is
unbalanced
• Convert the unbalance into balance.
• Introduce the dummy column with the
value of 4.
Step:1
4 2 3 2 6 0
5 4 5 2 1 0
6 5 4 7 7 0
8
12
14
4 4 6 8 8 4
