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Nov 1, 2023 · Solution: According to the Least Cost Cell method, the least cost among all the cells in the table has to be found which is 1 (i.e. cell (O1, D2)). Now check the supply from the row O1 and demand for column D2 and allocate the smaller value to the cell.
Definition: The Least Cost Method is another method used to obtain the initial feasible solution for the transportation problem. Here, the allocation begins with the cell which has the minimum cost. The lower cost cells are chosen over the higher-cost cell with the objective to have the least cost of transportation.
Least cost Method is one of the method to obtain feasible solution of Transportation Problem. We already understand the North West Corner Method for transportation problem, to obtain feasible solution.
Jul 24, 2022 · The least cost or matrix minimum method is used for calculating a basic feasible solution of a transportation problem, in which the basic variables are chosen according to the unit cost of transportation.
Jun 27, 2020 · Least Cost Method (AKA Greedy Method) is one of the methods used in establishing the initial basic feasible solution. Included in this video is the discussion of the definition of the least...
Jul 27, 2022 · There are two methods of testing the optimality of a basic feasible solution. One of these is named the stepping-stone method within which the optimality test is applied by calculating the opportunity cost of each empty cell. The other method is named as the Modified Distribution Method (MODI).
Nov 7, 2012 · The first is videos 1, 2, and 3. The second is videos 4, 5, and 6. * The Least Cost Method (sometimes called the Low Cost Method or the Minimum Cost Method) is use to find the initial...
Oct 7, 2022 · Using the Least Cost method to find the initial basic feasible solution of a balanced transportation problem.
Jul 3, 2020 · Selecting the cost cell to be allocated is not that easy in VAM as if we discussed in the N-W Corner method and least cost cell method. (Chill dude,😎 it’s not that difficult though. 😇But the process is a bit lengthier than before.😅)
Jan 1, 2023 · Various methods for solving the basic transportation problem have been proposed, such as the northwest corner rule, the least-cost method, the Vogel approximation method, and the MODI (modified distribution) method.
