This document outlines the key concepts and methods for transportation and assignment models covered in Chapter 10. It introduces transportation and assignment problems, and describes specialized algorithms for finding optimal solutions, including the northwest corner rule, stepping-stone method, MODI method, and Vogel's approximation method for transportation problems. It also covers the Hungarian (matrix reduction) method for solving assignment problems optimally in a step-by-step manner. The chapter objectives are to solve both transportation and assignment problems, as well as address special cases like unbalanced supply/demand and degeneracy.
This presentation is made to represent the basic transportation model. The aim of this presentation is to implement the transportation model in solving transportation problem.
The transportation problem represents a particular type of linear programming problem used for allocating resources in an optimal way; it is a highly useful tool for managers and supply chain engineers for optimizing costs.
For clearly understand you can watch this video on my youtube channel
https://www.youtube.com/watch?v=5Ssnew58Yfc&t=2s
This presentation is made to represent the basic transportation model. The aim of this presentation is to implement the transportation model in solving transportation problem.
The transportation problem represents a particular type of linear programming problem used for allocating resources in an optimal way; it is a highly useful tool for managers and supply chain engineers for optimizing costs.
For clearly understand you can watch this video on my youtube channel
https://www.youtube.com/watch?v=5Ssnew58Yfc&t=2s
Since a feasible solution exists only for balanced problem, it is necessary that the total availability be made equal to the total demand. To solve an unbalanced transportation problem, first of all it is converted into balance transportation problem by introducing a fictitious origin or destination which will provide the surplus supply or demand
What is Transportation model?
deals with a special class of linear programming problem in which the objective is to transport a homogenous commodity from various origins or factories to different destinations or markets at a total minimum cost.
Concept - addresses the concept of moving a thing from one place to another, without change
- used to analyze transportation systems and find the most efficient route
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.
In mathematics and economics, transportation theory or transport theory is a name given to the study of optimal transportation and allocation of resources.A transportation matrix is a way of understanding the maximum possibilities the shipment can be done. It is also known as decision variables because these are the variables of interest that we will change to achieve the objective, that is, minimizing the cost function.
The Modified Distribution Method or MODI is an efficient method of checking the optimality of the initial feasible solution. MODI provides a new means of finding the unused route with the largest negative improvement index. Once the largest index is identified, we are required to trace only one closed path. This path helps determine the maximum number of units that can be shipped via the best unused route.
Since a feasible solution exists only for balanced problem, it is necessary that the total availability be made equal to the total demand. To solve an unbalanced transportation problem, first of all it is converted into balance transportation problem by introducing a fictitious origin or destination which will provide the surplus supply or demand
What is Transportation model?
deals with a special class of linear programming problem in which the objective is to transport a homogenous commodity from various origins or factories to different destinations or markets at a total minimum cost.
Concept - addresses the concept of moving a thing from one place to another, without change
- used to analyze transportation systems and find the most efficient route
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.
In mathematics and economics, transportation theory or transport theory is a name given to the study of optimal transportation and allocation of resources.A transportation matrix is a way of understanding the maximum possibilities the shipment can be done. It is also known as decision variables because these are the variables of interest that we will change to achieve the objective, that is, minimizing the cost function.
The Modified Distribution Method or MODI is an efficient method of checking the optimality of the initial feasible solution. MODI provides a new means of finding the unused route with the largest negative improvement index. Once the largest index is identified, we are required to trace only one closed path. This path helps determine the maximum number of units that can be shipped via the best unused route.
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Business Valuation Principles for EntrepreneursBen Wann
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12 Conversion Rate Optimization Strategies for Ecommerce Websites.pdfSOFTTECHHUB
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