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    LOM Exam Prep

    Uploaded by

    Paul Eshan
    The document provides steps for using an online tool to calculate the least cost method (LCM) for transporting goods from multiple source locations to a center of gravity. It includes an example problem with 8 source locations, their coordinates, weekly quantities, and the calculated center of gravity. A chart is shown displaying the source locations and center of gravity on an x-y plane.

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    LOM Exam Prep

    Uploaded by

    Paul Eshan
    21 views8 pages
    The document provides steps for using an online tool to calculate the least cost method (LCM) for transporting goods from multiple source locations to a center of gravity. It includes an example problem with 8 source locations, their coordinates, weekly quantities, and the calculated center of gravity. A chart is shown displaying the source locations and center of gravity on an x-y plane.

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    © © All Rights Reserved

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    The document provides steps for using an online tool to calculate the least cost method (LCM) for transporting goods from multiple source locations to a center of gravity. It includes an example problem with 8 source locations, their coordinates, weekly quantities, and the calculated center of gravity. A chart is shown displaying the source locations and center of gravity on an x-y plane.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    21 views8 pages

    LOM Exam Prep

    Uploaded by

    Paul Eshan
    The document provides steps for using an online tool to calculate the least cost method (LCM) for transporting goods from multiple source locations to a center of gravity. It includes an example problem with 8 source locations, their coordinates, weekly quantities, and the calculated center of gravity. A chart is shown displaying the source locations and center of gravity on an x-y plane.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 8

    Ste1 1 Go into the beow website

    https://cbom.atozmath.com/CBOM/Transportation.aspx?q=lcm

    Step 2: Type number of rows and colums

    Step 3 Insert Number from Question

    Step 4 Selct method, Northwest or Least Cost (LCM)

    Step 5 Click Find

    Total required cost will be shown


    Question

    Solution

    Location X Co-ordinate Y Co-ordinate Weekly Quantity


    D1 5.8 9.4 300.0
    D2 1.0 7.9 600.0
    D3 6.2 7.4 200.0
    D4 5.2 6.2 250.0
    D5 6.4 3.9 450.0
    D6 1.9 1.9 150.0
    D7 2.4 0.8 200.0
    D8 1.7 0.5 250.0
    𝛴 30.6 38.0 2,400.0
    𝑥̿ 3.7
    𝑦̿ 5.4
    CoG 3.7 5.4

    Centre of Gravity Chart


    10 9.4
    9
    8 7.9 7.4
    7 6.2
    6 5.38125
    5
    3.9
    4
    3
    1.9
    2
    0.5 0.8
    1
    0
    0 1 2 3 4 5 6 7
    5
    3.9
    4
    3
    1.9
    2
    0.5 0.8
    1
    0
    0 1 2 3 4 5 6 7

    D1 D2 D3 D4 D5 D6 D7 D8 CoG
    Month Export, A Naïve, F1 Simple average, F2 2 Period moving average
    1 20
    2 22 20 20.00
    3 18 22 21.00 21.00
    4 21 18 20.00 20.00
    5 22 21 20.25 19.50
    6 22 20.60 21.50
    MAP

    |A-F1|/N
    3 Period moving average 4 Period moving average Weighted average A-F1 A-F2

    2.0 2.0
    4.0 3.0
    20.00 17.4 3.0 1.0
    20.33 20.25 18 1.0 1.8
    20.33 20.75 19.5
    6.6
    10.0 7.8
    4 4
    2.5 1.9
    MSE MAPE

    (A-F1)^2/N-1 ((|A-F1|/Actual)*100%)/n Actual Value


    (A-F1)^2 (A-F2)^2 ((|A-F1|/Actual)*100%)/n ((|A-F2|/Actual)*100%)/n
    A1 20
    4.0 0.09 0.09 A2 22
    16.0 9.0 0.22 0.17 A3 18
    9.0 1.0 0.14 0.05 A4 21
    1.0 3.1 0.05 0.08 A5 22
    A6 0

    30.0 13.1 0.5 0.4


    3.0 2.0 4 4
    10.0 6.5 0.13 0.10

    Smaller the more accurate, hence we will go for Expotential method


    alpha, a 0.3
    Expotential Forecast

    Forecast Value Ft = Ft-1+a(At-1 - Ft-1) Expotential Forecast

    F1
    F2 20
    F3 20.60 2.60
    F4 19.82 1.18
    F5 20.17 1.83
    F6 20.72

    5.6
    3
    1.87

    for Expotential method

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