Podcast
Questions and Answers
The Least Cost Method is used to maximize the total cost.
The Least Cost Method is used to maximize the total cost.
False
Vogel’s Approximation Method is used to calculate the final solution to a transportation problem.
Vogel’s Approximation Method is used to calculate the final solution to a transportation problem.
False
The goal of the Least Cost Method is to maximize the total cost.
The goal of the Least Cost Method is to maximize the total cost.
False
Vogel’s Approximation Method is an iterative procedure.
Vogel’s Approximation Method is an iterative procedure.
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The Least Cost Method involves only three steps.
The Least Cost Method involves only three steps.
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Vogel’s Approximation Method is used to find the final basic feasible solution to a transportation problem.
Vogel’s Approximation Method is used to find the final basic feasible solution to a transportation problem.
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The Least Cost Method is used to solve transportation problems.
The Least Cost Method is used to solve transportation problems.
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Vogel’s Approximation Method involves finding the penalties for each available row and column by considering the least and second least cost.
Vogel’s Approximation Method involves finding the penalties for each available row and column by considering the least and second least cost.
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Study Notes
Transportation Problem
- The transportation problem involves finding the minimum cost of transportation.
- The problem is solved using two methods: Least Cost Method and Vogel's Approximation Method (VAM).
Least Cost Method
- Balance the problem in Step 1.
- Select the lowest cost from the entire matrix and allocate the minimum of supply or demand in Step 2.
- Remove the row or column whose supply or demand is fulfilled and prepare a new matrix in Step 3.
- Repeat the procedure until all allocations are over in Step 4.
- Calculate the transportation cost after all allocations are over in Step 5.
Vogel's Approximation Method (VAM)
- VAM is an iterative procedure used to calculate the initial feasible solution to a transportation problem.
- The goal of VAM is to minimize the total cost.
- The method involves finding the penalties for each available row and column by considering the least and second least cost.
- VAM is used to calculate the initial basic feasible solution to a transportation problem.
- The method is iterative, finding penalties for each available row and column in each step.
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Description
This quiz covers the steps involved in solving transportation problems using the Least Cost Method, including balancing the problem, selecting the lowest cost, and calculating the transportation cost. It also touches on Vogel's Approximation Method.
