Inventory is the single largest Investment in the assets for most of the ‘Production dominated Industries’, ‘Wholesalers’, ‘Retail Chain Sto....
In case, if the given problem is unbalanced one, you have to add appropriate number of rows or columns with zero as assignment cost [dummy row or dumm....
Even though the assignment algorithm is primarily a minimization model, it can be suitably modified and used for maximization models also; whenever th....
The Hungarian Algorithm is applicable only for minimization models. ....
Assignment problems are special case of linear programming problems. The task is to assign ‘i’ resources (i= 1, 2, 3, 4 …m) to ‘j’ tasks (j=....
You would have noticed that the initial basic feasible solution obtained by various methods provide different starting solution. ....
The Vogel Approximation Method [VAM] is an iterative procedure for computing an initial basic feasible solution of a transportation problem. ....
Matrix minimum (Least cost) method is a method for computing a basic feasible solution of a transportation problem, where the basic variables are chos....
The procedure for constructing an initial basic feasible solution selects the basic variables one at a time.....
Consider the following example: Adani Power Limited, which is a electric power producing company in India, has three electric power plants that supply....
As we discussed just above, Transportation models deals with the transportation of a product manufactured at different plants or factories (supply ori....
The transportation problems are special cases of the linear programming models. It deals with the situation in which a commodity / good is transported....
The term dual in the general sense means implies two or double. In the context of linear programming duality implies that each programming problem can....
In order to obtain an initial basic feasible solution, it is necessary to convert the given LPP into its standard form; in order to obtain the standar....
If an artificial variable is in an optimal solution of the equivalent model at a nonzero level, then no feasible solution for the original model exist....
Check whether the objective function of the given L.P.P. is to be maximized or minimized.....
The Simplex Method also called the ‘Simplex Technique’ or the Simplex Algorithm is an iterative procedure for solving a linear programming problem....
Some Special Cases of Graphical Solution Methods of Lp Problems....