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cuz its only an approximation afterall
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∙ 13y ago
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Who developed Vogel's approximation method?
Vogel's approximation method was developed by William R. Vogel.
What is Vogel's Approximation method in Industrial management?
Vogel's approximation method is a mathematical technic to solve logistics related problems. For example, there are 3 factories supplying to 4 warehouses. we have the data of each factories production capacity, demand of each warehouse and transportation cost from each factory to each warehouse. Vogel's method can be used to find out an optimal solution to cost of transportation. The method is iterative in nature. It means that we make some initial assumption and determine "Initial solution". Then we go on making refinements and repeat the calculations, till we achieve 'optimal solution'. One study found that VAM yields an optimum solution in 80 percent of the sample problems tested. Atul Shah (Mumbai-India)(emali: atulsi_2000@yahoo.com)
Who developed Vogel's approximation method?
Vogel's approximation method was developed by William R. Vogel.
What is ment by MODI method?
Vogel's Approximation method(verification
What is Vogel's Approximation method in Industrial management?
Vogel's approximation method is a mathematical technic to solve logistics related problems. For example, there are 3 factories supplying to 4 warehouses. we have the data of each factories production capacity, demand of each warehouse and transportation cost from each factory to each warehouse. Vogel's method can be used to find out an optimal solution to cost of transportation. The method is iterative in nature. It means that we make some initial assumption and determine "Initial solution". Then we go on making refinements and repeat the calculations, till we achieve 'optimal solution'. One study found that VAM yields an optimum solution in 80 percent of the sample problems tested. Atul Shah (Mumbai-India)(emali: atulsi_2000@yahoo.com)
What are the ways of Solving transportation through quantitative techniques?
North west Corner Rule,Least Cost method ,Vogel's Approximation method(verification by Modi method,Stepping Stone Method)
How do you solve vogel's approximation problem?
I've developed new modification over VAM.
What is the advantage of Vogel approximation method?
VAM is an improved version of the least-cost method that generally, but not always, produces better starting solutions. VAM is based upon the concept of minimizing opportunity (or penalty) costs. The opportunity cost for a given supply row or demand column is defined as the difference between the lowest cost and the next lowest cost alternative. This method is preferred over the methods discussed above because it generally yields, an optimum, or close to optimum, starting solutions. Consequently, if we use the initial solution obtained by VAM and proceed to solve for the optimum solution, the amount of time required to arrive at the optimum solution is greatly reduced.
What are the advantage and disadvantage of Vogel's approximation method VAM?
VAM is an improved version of the least-cost method that generally, but not always, produces better starting solutions. VAM is based upon the concept of minimizing opportunity (or penalty) costs. The opportunity cost for a given supply row or demand column is defined as the difference between the lowest cost and the next lowest cost alternative. This method is preferred over the methods discussed above because it generally yields, an optimum, or close to optimum, starting solutions. Consequently, if we use the initial solution obtained by VAM and proceed to solve for the optimum solution, the amount of time required to arrive at the optimum solution is greatly reduced.
What has the author W M Vogel written?
W. M. Vogel has written: 'Exact solution of growth parameters for two-dimensional and axi-symmetric, self-preserving turbulent jets and wakes'
Dorothy vogel and herbert vogel?
Dorothy Vogel and Herbert Vogel were average people that collected millions of dollars worth of art.
What is the birth name of Adi Vogel?
Adi Vogel's birth name is Carl Adolf Vogel.
What is the birth name of Bob Vogel?
Bob Vogel's birth name is Robert Louis Vogel.
What is the birth name of Darlene Vogel?
Darlene Vogel's birth name is Darlene K. Vogel.
