Why does the matrix least cost method gives a better initial solution than the northwest corner rule

Question:

Why does the matrix least cost method gives a better initial solution than the northwest corner rule does?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Operations Management Managing Global Supply Chains

ISBN: 978-1506302935

1st edition

Authors: Ray R. Venkataraman, Jeffrey K. Pinto

See More Books

Question Posted: Nov 30, 2018 05:07 AM

See More Questions

You have been hired as a consultant by a refrigerator manufacturer to evaluate the freight costs of motors needed for assembly of the companys refrigerators. Relevant data on plant capacities,...
A trucking company has to move 120 tons of concrete from three supply sources (A, B, and C) to three road construction project sites (X, Y, and Z). Shipping costs in $ per truck load, supply...
J & K Timber Supply Company ships oak flooring from three of its mills in Jodhpur, Bhopal, and Nagpur to three warehouses in Chennai, New Delhi, and Chandigarh. Shipping costs in $ per ton, mill...
If a particular glucose fermentation process is 87.0% efficient, how many grams of glucose would be required for the production of 51.0 g of ethyl alcohol (C 2 H 5 OH)? C 6 H 12 O 6 2C 2 H 5 OH +...
Jonah has the choice of paying Rita $10,000 today or $40,000 in ten years. Assume Jonah can earn a 12 percent after-tax rate of return. Which should he choose?
For the network shown in figure find vo(t), t > 0, using nodalequations. 1H O 2u(t) A vo(1) 4u(t) V 1/2
Why should companies use project cash flow rather than accounting income when finding the NPV of a project? AppendixLO1
Cerulean Corporation has two equal shareholders, Eloise and Olivia. Eloise acquired her Cerulean stock three years ago by transferring property worth $700,000, basis of $300,000, for 70 shares of the...
What criteria contribute to systems reliability? A. Developing and documenting policies B. Effectively communicating policies to all authorized users C. Designing appropriate control procedures D....
Using the following specifications, draw a finite state machine with three states (I, II, and III), five events, and six actions: a. If the machine is in state I, two events can occur. If event 1...
The following transportation matrix provides an initial feasible solution to a transportation problem. Perform one iteration of the stepping stone method to find an improved solution. What is the...
List the four steps of the matrix least cost method.
Determine the percent ionization of a 0.125 M HCN solution.
Use your own academic report, issued by your institute, as an example. Ask a database administrator how they use normalization steps to transform the details of the report into a set of relations in...
Francis Corp. has two divisions, Eastern and Western. The following information for the past year is for each division: Francis has established a hurdle rate of 9 percent. Required: 1. Compute each...
The enzyme lipase catalyzes the hydrolysis of esters of fatty acids. The hydrolysis of p-nitrophenyloctanoate was followed by measuring the appearance of p-nitrophenol in the reaction mixture: The...
Use values of r cov (Table 17.1) to estimate the XY bond lengths of ClF, BrF, BrCl, ICl and IBr. Compare the answers with values in Fig. 17.8 and Table 17.3, and comment on the validity of the method...
From a square whose side has length $x$, measured in meters, create a new square whose side is $10 \mathrm{~m}$ longer. Find an expression for the sum of the areas of the two squares as a...
The Exercise 3.1.24 gave the results of the poll where 64% of a sample of 2,737 adult Americans reported drinking at least one cup of coffee per day. Use the One Proportion applet, repeatedly testing...
A company produces earbuds. The revenue from the sale of x units of these earbuds is R = 8x. The cost to produce x units of earbuds is C = 3x + 1500. In what interval will the company at least break...
What is the impact on jobs due to reshoring , according to the video? Do you agree?
How can it be that firms in India like Infosys can be outsourcing jobs to the U.S?
How do companies like Tricorbraun help other companies with their global supplier needs?
Question 3 (24 marks) Wonderful Technology Company Limited sells computers and accessories. Data of the store's operations are as follow: Sales are budgeted at $400,000 for December 2019, $420,000...
Kratz Manufacturing Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates: Activity Cost Driver Cost...
You are a Partner with Fix-It Consultants and have been engaged in an advisory capacity with a software company, called MoveFast. The company is seeing a sharp decline in revenue, with the primary...

Why does the matrix least cost method gives a better initial solution than the northwest corner rule

Question:

Step by Step Answer:

As the overall objective is to minimize total cost t...View the full answer

Operations Management Managing Global Supply Chains

Students also viewed these Business questions