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Vogel's approximation method was developed by William R. Vogel.

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15y ago

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Why Vogel Approximation Method gives only feasible solution?

cuz its only an approximation afterall


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 is the difference between a development plan and a master plan of an area?

decvelopment plan is just a method through which we plan that how we change the place whereas master plan of area is a method through which we convert the place into the top developed area


What was developed in the 1980s to guide corporate support for ethical conduct by establishing a method for discussing best practices?

Defense Industry Initiative on Business Ethics and Conduct


How are principles of management developed?

Typically, Principles are developed through a controlled expriment process, how ever management principles are developed through obsevation and deduction