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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)
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Who developed Vogel's approximation method?
Vogel's approximation method was developed by William R. Vogel.
Why Vogel Approximation Method gives only feasible solution?
cuz its only an approximation afterall
What is the Project Management Methodology?
the method that you manage a project
What is CPM in project management?
CPM stands for Critical Path Method and it is a method to create Schedules for Projects
The real time risk management method abcd?
The five steps of the Air Force risk management process
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
Why Vogel Approximation Method gives only feasible solution?
cuz its only an approximation afterall
What is the differene between analytical and numerical differentiation?
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.
What has the author Paul Luther Holmes written?
Paul Luther Holmes has written: 'The industrial conference method applied to naval training' -- subject(s): Management
What are the application areas of industrial management?
Industrial management encompasses a wide range of application areas, including production planning and control, quality management, supply chain management, project management, and operations research. These application areas are crucial for optimizing processes, reducing costs, improving efficiency, and ensuring the overall success of industrial operations. Industrial management techniques are utilized across various industries such as manufacturing, construction, healthcare, and transportation to streamline operations and achieve organizational goals.
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)
What are the application of industrial management?
1 design and development 2 plant layout and meterial handling 3 method study and work measurment 4 production forecasting
What do you call a method of estimating or thing that shares the same qualities in math?
In mathematics, a method of estimating is often referred to as an "approximation." An approximation shares qualities such as being close to the actual value while being simpler or easier to compute. Techniques like rounding, linearization, or using significant figures can all be considered forms of approximation in mathematical contexts.
What is global convergence?
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
What is the difference between bisection and false position method?
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..
What method management did the french use with their colonies?
The method of management used by the French with their colonies was direct control.
