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)
Vogel's approximation method was developed by William R. Vogel.
cuz its only an approximation afterall
the method that you manage a project
CPM stands for Critical Path Method and it is a method to create Schedules for Projects
The five steps of the Air Force risk management process
Vogel's approximation method was developed by William R. Vogel.
Vogel's Approximation method(verification
cuz its only an approximation afterall
Paul Luther Holmes has written: 'The industrial conference method applied to naval training' -- subject(s): Management
1 design and development 2 plant layout and meterial handling 3 method study and work measurment 4 production forecasting
numerical method 1:numerical method uses finite difference or finite element method approximation to solve differential equation 2:give just approximation of the perfect solution analytical method 1:does not uses finite difference 2:give theoreticaly perfect solution.
1 design and development 2 plant layout and meterial handling 3 method study and work measurment 4 production forecasting
North west Corner Rule,Least Cost method ,Vogel's Approximation method(verification by Modi method,Stepping Stone Method)
The method of management used by the French with their colonies was direct control.
An iterative method is called locally convergent if the successive approximations produced by the method are guaranteed to converge to a solution when the initial approximation is already close enough to the solution. Iterative methods for nonlinear equationsand their systems, such as Newton's method are usually only locally convergent. An iterative method that converges for an arbitrary initial approximation is called globally convergentfrom wikipedia
In bisection method an average of two independent variables is taken as next approximation to the solution while in false position method a line that passes through two points obtained by pair of dependent and independent variables is found and where it intersects abissica is takent as next approximation..
its a method use in nuclear waste management where the waste is concentrated and then isolated. this method also use for non nuclear waste management.