assignment method in business

Assignment Problem: Meaning, Methods and Variations | Operations Research

After reading this article you will learn about:- 1. Meaning of Assignment Problem 2. Definition of Assignment Problem 3. Mathematical Formulation 4. Hungarian Method 5. Variations.

Meaning of Assignment Problem:

An assignment problem is a particular case of transportation problem where the objective is to assign a number of resources to an equal number of activities so as to minimise total cost or maximize total profit of allocation.

The problem of assignment arises because available resources such as men, machines etc. have varying degrees of efficiency for performing different activities, therefore, cost, profit or loss of performing the different activities is different.

Thus, the problem is “How should the assignments be made so as to optimize the given objective”. Some of the problem where the assignment technique may be useful are assignment of workers to machines, salesman to different sales areas.

Definition of Assignment Problem:

ADVERTISEMENTS:

Suppose there are n jobs to be performed and n persons are available for doing these jobs. Assume that each person can do each job at a term, though with varying degree of efficiency, let c ij be the cost if the i-th person is assigned to the j-th job. The problem is to find an assignment (which job should be assigned to which person one on-one basis) So that the total cost of performing all jobs is minimum, problem of this kind are known as assignment problem.

The assignment problem can be stated in the form of n x n cost matrix C real members as given in the following table:

Quantitative Techniques: Theory and Problems by P. C. Tulsian, Vishal Pandey

Get full access to Quantitative Techniques: Theory and Problems and 60K+ other titles, with a free 10-day trial of O'Reilly.

There are also live events, courses curated by job role, and more.

WHAT IS ASSIGNMENT PROBLEM

Assignment Problem is a special type of linear programming problem where the objective is to minimise the cost or time of completing a number of jobs by a number of persons.

The assignment problem in the general form can be stated as follows:

“Given n facilities, n jobs and the effectiveness of each facility for each job, the problem is to assign each facility to one and only one job in such a way that the measure of effectiveness is optimised (Maximised or Minimised).”

Several problems of management has a structure identical with the assignment problem.

Example I A manager has four persons (i.e. facilities) available for four separate jobs (i.e. jobs) and the cost of assigning (i.e. effectiveness) each job to each ...

Get Quantitative Techniques: Theory and Problems now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.

Don’t leave empty-handed

Get Mark Richards’s Software Architecture Patterns ebook to better understand how to design components—and how they should interact.

It’s yours, free.

Check it out now on O’Reilly

Dive in for free with a 10-day trial of the O’Reilly learning platform—then explore all the other resources our members count on to build skills and solve problems every day.

Unbalanced Assignment Problem: Definition, Formulation, and Solution Methods

Table of Contents

Are you familiar with the assignment problem in Operations Research (OR)? This problem deals with assigning tasks to workers in a way that minimizes the total cost or time needed to complete the tasks. But what if the number of tasks and workers is not equal? In this case, we face the Unbalanced Assignment Problem (UAP). This blog will help you understand what the UAP is, how to formulate it, and how to solve it.

What is the Unbalanced Assignment Problem?

The Unbalanced Assignment Problem is an extension of the Assignment Problem in OR, where the number of tasks and workers is not equal. In the UAP, some tasks may remain unassigned, while some workers may not be assigned any task. The objective is still to minimize the total cost or time required to complete the assigned tasks, but the UAP has additional constraints that make it more complex than the traditional assignment problem.

Formulation of the Unbalanced Assignment Problem

To formulate the UAP, we start with a matrix that represents the cost or time required to assign each task to each worker. If the matrix is square, we can use the Hungarian algorithm to solve the problem. But when the matrix is not square, we need to add dummy tasks or workers to balance the matrix. These dummy tasks or workers have zero costs and are used to make the matrix square.

Once we have a square matrix, we can apply the Hungarian algorithm to find the optimal assignment. However, we need to be careful in interpreting the results, as the assignment may include dummy tasks or workers that are not actually assigned to anything.

Solutions for the Unbalanced Assignment Problem

Besides the Hungarian algorithm, there are other methods to solve the UAP, such as the transportation algorithm and the auction algorithm. The transportation algorithm is based on transforming the UAP into a transportation problem, which can be solved with the transportation simplex method. The auction algorithm is an iterative method that simulates a bidding process between the tasks and workers to find the optimal assignment.

In summary, the Unbalanced Assignment Problem is a variant of the traditional Assignment Problem in OR that deals with assigning tasks to workers when the number of tasks and workers is not equal. To solve the UAP, we need to balance the matrix by adding dummy tasks or workers and then apply algorithms such as the Hungarian algorithm, the transportation algorithm, or the auction algorithm. Understanding the UAP can help businesses and organizations optimize their resource allocation and improve their operational efficiency.

How useful was this post?

Click on a star to rate it!

Average rating 1.5 / 5. Vote count: 2

No votes so far! Be the first to rate this post.

We are sorry that this post was not useful for you! 😔

Let us improve this post!

Tell us how we can improve this post?

Operations Research

1 Operations Research-An Overview

• History of O.R.
• Approach, Techniques and Tools
• Phases and Processes of O.R. Study
• Typical Applications of O.R
• Limitations of Operations Research
• Models in Operations Research
• O.R. in real world

2 Linear Programming: Formulation and Graphical Method

• General formulation of Linear Programming Problem
• Optimisation Models
• Basics of Graphic Method
• Important steps to draw graph
• Multiple, Unbounded Solution and Infeasible Problems
• Solving Linear Programming Graphically Using Computer
• Application of Linear Programming in Business and Industry

3 Linear Programming-Simplex Method

• Principle of Simplex Method
• Computational aspect of Simplex Method
• Simplex Method with several Decision Variables
• Two Phase and M-method
• Multiple Solution, Unbounded Solution and Infeasible Problem
• Sensitivity Analysis
• Dual Linear Programming Problem

4 Transportation Problem

• Basic Feasible Solution of a Transportation Problem
• Modified Distribution Method
• Stepping Stone Method
• Unbalanced Transportation Problem
• Degenerate Transportation Problem
• Transhipment Problem
• Maximisation in a Transportation Problem

5 Assignment Problem

• Solution of the Assignment Problem
• Unbalanced Assignment Problem
• Problem with some Infeasible Assignments
• Maximisation in an Assignment Problem
• Crew Assignment Problem

6 Application of Excel Solver to Solve LPP

• Building Excel model for solving LP: An Illustrative Example

7 Goal Programming

• Concepts of goal programming
• Goal programming model formulation
• Graphical method of goal programming
• The simplex method of goal programming
• Using Excel Solver to Solve Goal Programming Models
• Application areas of goal programming

8 Integer Programming

• Some Integer Programming Formulation Techniques
• Binary Representation of General Integer Variables
• Unimodularity
• Cutting Plane Method
• Branch and Bound Method
• Solver Solution

9 Dynamic Programming

• Dynamic Programming Methodology: An Example
• Definitions and Notations
• Dynamic Programming Applications

10 Non-Linear Programming

• Solution of a Non-linear Programming Problem
• Convex and Concave Functions
• Kuhn-Tucker Conditions for Constrained Optimisation
• Quadratic Programming
• Separable Programming
• NLP Models with Solver

11 Introduction to game theory and its Applications

• Important terms in Game Theory
• Saddle points
• Mixed strategies: Games without saddle points
• 2 x n games
• Exploiting an opponent’s mistakes

12 Monte Carlo Simulation

• Reasons for using simulation
• Monte Carlo simulation
• Limitations of simulation
• Steps in the simulation process
• Some practical applications of simulation
• Two typical examples of hand-computed simulation
• Computer simulation

13 Queueing Models

• Characteristics of a queueing model
• Notations and Symbols
• Statistical methods in queueing
• The M/M/I System
• The M/M/C System
• The M/Ek/I System
• Decision problems in queueing

Hungarian Method

The Hungarian method is a computational optimization technique that addresses the assignment problem in polynomial time and foreshadows following primal-dual alternatives. In 1955, Harold Kuhn used the term “Hungarian method” to honour two Hungarian mathematicians, Dénes Kőnig and Jenő Egerváry. Let’s go through the steps of the Hungarian method with the help of a solved example.

Hungarian Method to Solve Assignment Problems

The Hungarian method is a simple way to solve assignment problems. Let us first discuss the assignment problems before moving on to learning the Hungarian method.

What is an Assignment Problem?

A transportation problem is a type of assignment problem. The goal is to allocate an equal amount of resources to the same number of activities. As a result, the overall cost of allocation is minimised or the total profit is maximised.

Because available resources such as workers, machines, and other resources have varying degrees of efficiency for executing different activities, and hence the cost, profit, or loss of conducting such activities varies.

Assume we have ‘n’ jobs to do on ‘m’ machines (i.e., one job to one machine). Our goal is to assign jobs to machines for the least amount of money possible (or maximum profit). Based on the notion that each machine can accomplish each task, but at variable levels of efficiency.

Hungarian Method Steps

Check to see if the number of rows and columns are equal; if they are, the assignment problem is considered to be balanced. Then go to step 1. If it is not balanced, it should be balanced before the algorithm is applied.

Step 1 – In the given cost matrix, subtract the least cost element of each row from all the entries in that row. Make sure that each row has at least one zero.

Step 2 – In the resultant cost matrix produced in step 1, subtract the least cost element in each column from all the components in that column, ensuring that each column contains at least one zero.

Step 3 – Assign zeros

• Analyse the rows one by one until you find a row with precisely one unmarked zero. Encircle this lonely unmarked zero and assign it a task. All other zeros in the column of this circular zero should be crossed out because they will not be used in any future assignments. Continue in this manner until you’ve gone through all of the rows.
• Examine the columns one by one until you find one with precisely one unmarked zero. Encircle this single unmarked zero and cross any other zero in its row to make an assignment to it. Continue until you’ve gone through all of the columns.

Step 4 – Perform the Optimal Test

• The present assignment is optimal if each row and column has exactly one encircled zero.
• The present assignment is not optimal if at least one row or column is missing an assignment (i.e., if at least one row or column is missing one encircled zero). Continue to step 5. Subtract the least cost element from all the entries in each column of the final cost matrix created in step 1 and ensure that each column has at least one zero.

Step 5 – Draw the least number of straight lines to cover all of the zeros as follows:

(a) Highlight the rows that aren’t assigned.

(b) Label the columns with zeros in marked rows (if they haven’t already been marked).

(c) Highlight the rows that have assignments in indicated columns (if they haven’t previously been marked).

(d) Continue with (b) and (c) until no further marking is needed.

(f) Simply draw the lines through all rows and columns that are not marked. If the number of these lines equals the order of the matrix, then the solution is optimal; otherwise, it is not.

Step 6 – Find the lowest cost factor that is not covered by the straight lines. Subtract this least-cost component from all the uncovered elements and add it to all the elements that are at the intersection of these straight lines, but leave the rest of the elements alone.

Step 7 – Continue with steps 1 – 6 until you’ve found the highest suitable assignment.

Hungarian Method Example

Use the Hungarian method to solve the given assignment problem stated in the table. The entries in the matrix represent each man’s processing time in hours.

\(\begin{array}{l}\begin{bmatrix} & I & II & III & IV & V \\1 & 20 & 15 & 18 & 20 & 25 \\2 & 18 & 20 & 12 & 14 & 15 \\3 & 21 & 23 & 25 & 27 & 25 \\4 & 17 & 18 & 21 & 23 & 20 \\5 & 18 & 18 & 16 & 19 & 20 \\\end{bmatrix}\end{array} \)

With 5 jobs and 5 men, the stated problem is balanced.

\(\begin{array}{l}A = \begin{bmatrix}20 & 15 & 18 & 20 & 25 \\18 & 20 & 12 & 14 & 15 \\21 & 23 & 25 & 27 & 25 \\17 & 18 & 21 & 23 & 20 \\18 & 18 & 16 & 19 & 20 \\\end{bmatrix}\end{array} \)

Subtract the lowest cost element in each row from all of the elements in the given cost matrix’s row. Make sure that each row has at least one zero.

\(\begin{array}{l}A = \begin{bmatrix}5 & 0 & 3 & 5 & 10 \\6 & 8 & 0 & 2 & 3 \\0 & 2 & 4 & 6 & 4 \\0 & 1 & 4 & 6 & 3 \\2 & 2 & 0 & 3 & 4 \\\end{bmatrix}\end{array} \)

Subtract the least cost element in each Column from all of the components in the given cost matrix’s Column. Check to see if each column has at least one zero.

\(\begin{array}{l}A = \begin{bmatrix}5 & 0 & 3 & 3 & 7 \\6 & 8 & 0 & 0 & 0 \\0 & 2 & 4 & 4 & 1 \\0 & 1 & 4 & 4 & 0 \\2 & 2 & 0 & 1 & 1 \\\end{bmatrix}\end{array} \)

When the zeros are assigned, we get the following:

The present assignment is optimal because each row and column contain precisely one encircled zero.

Where 1 to II, 2 to IV, 3 to I, 4 to V, and 5 to III are the best assignments.

Hence, z = 15 + 14 + 21 + 20 + 16 = 86 hours is the optimal time.

Practice Question on Hungarian Method

Use the Hungarian method to solve the following assignment problem shown in table. The matrix entries represent the time it takes for each job to be processed by each machine in hours.

\(\begin{array}{l}\begin{bmatrix}J/M & I & II & III & IV & V \\1 & 9 & 22 & 58 & 11 & 19 \\2 & 43 & 78 & 72 & 50 & 63 \\3 & 41 & 28 & 91 & 37 & 45 \\4 & 74 & 42 & 27 & 49 & 39 \\5 & 36 & 11 & 57 & 22 & 25 \\\end{bmatrix}\end{array} \)

Stay tuned to BYJU’S – The Learning App and download the app to explore all Maths-related topics.

Frequently Asked Questions on Hungarian Method

What is hungarian method.

The Hungarian method is defined as a combinatorial optimization technique that solves the assignment problems in polynomial time and foreshadowed subsequent primal–dual approaches.

What are the steps involved in Hungarian method?

The following is a quick overview of the Hungarian method: Step 1: Subtract the row minima. Step 2: Subtract the column minimums. Step 3: Use a limited number of lines to cover all zeros. Step 4: Add some more zeros to the equation.

What is the purpose of the Hungarian method?

When workers are assigned to certain activities based on cost, the Hungarian method is beneficial for identifying minimum costs.

Leave a Comment Cancel reply

Your Mobile number and Email id will not be published. Required fields are marked *

Request OTP on Voice Call

Post My Comment

Register with BYJU'S & Download Free PDFs

Register with byju's & watch live videos.

This browser is no longer supported.

Upgrade to Microsoft Edge to take advantage of the latest features, security updates, and technical support.

Assignment methods in unified routing

• 2 contributors

Use assignment methods to determine how to assign work items. You can use the out-of-the-box assignment methods or build custom assignment rules by configuring the prioritization rules and assignment rulesets.

How auto assignment works

The auto-assignment process in unified routing matches incoming work items with the best-suited agents based on the configured assignment rules. This continuous process consists of multiple assignment cycles and a default block size of work items.

Each cycle picks up the top unassigned work items in the applicable default block size and attempts to match each work item with an appropriate agent. Work items that aren't assigned to agents because of unavailability of agents or right skill match wasn't found are routed back to the queue.

The next assignment cycle picks up the next block of the top-priority items that includes new work items.

When eligible agents aren't found for the work items, the assignment cycle keeps retrying to assign the top number of default sized block items as applicable for the channel.

For digital messaging and voice, the default block size is 100 work items of top priority.

For the records channel,

• The number of work items prioritized per queue are 10,000
• The number of work items processed for assignment are 2,000 by default

Cross-queue prioritization isn't available in unified routing.

For more information, see best practices to manage queues .

Types of assignment methods

The following assignment methods are available out of the box:

Highest capacity : Assigns a work item to an agent with the highest available capacity. This agent has the skills that are identified during the classification stage and presence that matches one of the allowed presences in the workstream. The work items are prioritized in the first-in, first-out manner—that is, the work item that was created first is assigned first. If more than one agent is available with the same capacity, the work item is assigned based on the round-robin order of the agents whose highest capacity is the same.

If you want to use skill-based routing and,

Set Default skill matching algorithm in the workstream as Exact Match , then the system filters agents using exact skill match, workstream’s presence, and capacity requirements, and orders the filtered agents by available capacity.

Set Default skill matching algorithm in the workstream as Closest Match , then the system filters agents based on the workstream's presence and capacity requirements and orders the filtered agents by closest match and not available capacity. More information: Closest match

If you need to distribute work fairly among agents, then you should consider switching to a round robin assignment strategy.

When you modify a rating model, the ongoing conversations or open work items that have skills with the rating model continue to have the existing rating. Sometimes, this might result in no agents who match the assignment criteria.

Advanced round robin : Assigns a work item to the agent who matches the criteria for skills, presence, and capacity. The initial order is based on when a user is added to the queue. Then, the order is updated based on assignments. Similar to how work items are assigned in the highest capacity method, in round robin assignment, the work items are prioritized in the first-in, first-out manner—that is, the work item that was created first is assigned first.

The ordering for round robin assignment is maintained queue wise. Some agents can be a part of multiple queues. Therefore, depending on the agent's last assignment timestamp in a queue, the agents might be assigned back-to-back or concurrent work items but from different queues.

In scenarios when multiple agents match the work item requirement, and there's a tie in the "order by", like, multiple matched agents with the same available capacity, the system resolves the assignment using round robin based on the earliest time of the last assignment.

For example, three agents, Lesa, Alicia, and Alan, are available with the coffee refund skill and can handle up to three chats at a time. Their last assignment time stamps are 10:30 AM, 10:35 AM, and 10:37 AM, respectively. A work item about a coffee refund arrives in the queue at 10:40 AM. With the order by set to "profile-based available capacity", all the agents at 10:40 AM have the same available capacity of 2 each. To break the tie between the agents, the system uses round robin. Therefore, the incoming chat is assigned to Lesa because her last assignment was the earliest at 10:30 AM. Later at 10:45 AM, if another coffee refund work item comes in, the system assigns it to Alicia. This is also based on the round robin order of assignment between Alicia and Alan because their available capacities are 2 each and Alicia had an earlier assignment than Alan at 10:35 AM.

Least active : Assigns a work item to the agent who has been least active among all the agents who match the required skills, presence, and capacity.

The assignment method uses "the time since last capacity is released for a voice call" and the wrap-up settings configured in the workstream to determine the least-active agent and route the next incoming call to them. For example, consider two agents in a queue. The first agent completes a call five minutes ago while the second agent has just completed their call. When a new call comes in, the system assigns it to the first agent who has finished their activity first.

Routing to the least-active agent assignment strategy helps in a balanced distribution of work items across agents, and results in higher agent efficiency and improved customer satisfaction.

You can also build a custom report to track an agent's "last capacity release time" and understand the assignment distribution across agents.

The least-active assignment method is available for the voice channel only and is the default selection when you create a voice queue.

This feature is intended to help customer service managers or supervisors enhance their team’s performance and improve customer satisfaction. This feature is not intended for use in making—and should not be used to make—decisions that affect the employment of an employee or group of employees, including compensation, rewards, seniority, or other rights or entitlements. Customers are solely responsible for using Dynamics 365, this feature, and any associated feature or service in compliance with all applicable laws, including laws relating to accessing individual employee analytics and monitoring, recording, and storing communications with end users. This also includes adequately notifying end users that their communications with agents may be monitored, recorded, or stored and, as required by applicable laws, obtaining consent from end users before using the feature with them. Customers are also encouraged to have a mechanism in place to inform their agents that their communications with end users may be monitored, recorded, or stored.

You can also create a custom assignment method to suit your business needs.

Create new : Lets you create and use your own rulesets and rules to configure priority, severity, and capacity for choosing the queues to which work items need to be routed. You can create the following rulesets:

• Prioritization rulesets : Lets you define the order in which the work items are assigned to agents when they're available to take more work.
• Assignment rulesets : Represent a set of conditions that are used to select agents and use an order by option to sort the matching agents.
• You must configure presence, capacity, and skill-matching rules in the custom assignment method because the default settings defined for the workstream won't be used in custom assignment method.
• The out-of-the-box assignment strategies don't consider the agent operating hours. You must write a custom assignment method by using the "is_working" operator in the rule definition.

Assignment cycle

Assignment cycle is the prioritization of work items, their selection, and their assignment to the best-suited agent based on the assignment rules. Unified routing optimizes the assignment cycles across the multiple queues in the organization for best performance.

The assignment cycle starts with one of the following triggers:

• Arrival of a new work item in the queue.
• Change to agent presence.
• Updates to agent capacity.
• Addition of an agent to the queue.
• Periodic trigger every five minutes for record type of work item.

How prioritization rulesets work

A prioritization ruleset is an ordered list of prioritization rules. Every prioritization rule represents a priority bucket in the queue. In a prioritization rule, you can specify a set of conditions and order by attributes. During evaluation, the prioritization rules are run in the order they're listed. For the first prioritization rule, the work items in the queue that match its conditions are put in the same priority bucket. In the priority bucket, the items are further sorted by the order specified in the prioritization rule. The second rule runs on the rest of the items in the queue, to identify the next priority bucket, and sorts the bucket by the Order by attribute until all rules are evaluated.

You can create one prioritization ruleset only per queue.

As an example, consider the prioritization ruleset as seen in the following screenshot with four rules.

During any assignment cycle, this prioritization ruleset runs, and the rules within the ruleset run in the order they're listed.

The first rule, "High priority and premium," finds all work items in the queue where the associated case priority is "High" and the case category is "Premium". The system creates the top priority bucket with those work items and sorts them in the "First in and first out" manner as specified in the Order by attribute. The first work item to be assigned from the queue is the oldest item in this bucket.

The next priority bucket is the work items where case category is "Premium". The work items with "Premium" case category and "High" priority have already been put in top bucket as per the preceding rule, so this rule only considers other work items with "Premium" case priority. The Order by attribute in this case also is "First in and first out".

The next priority bucket consists of work items where case priority is high and they haven't been bucketed already. Here the work items are ordered by their "First Response By" field in the ascending order—that is, the work items that require the first response at the earliest are prioritized first.

Some important points about prioritization rules are as follows:

• You can create only one prioritization ruleset per queue.
• Prioritization rules are run during every assignment cycle. If you change any attributes of the work item, such as the priority of the case, that change is considered during the next assignment cycle.
• By default, the queue is sorted on a "first in and first out" manner. If you don't create a prioritization rule, then the oldest work item is assigned first.
• In normal scenarios, when a sufficient number of agents are available to take up the work items, the processing period is a couple of seconds only. The agents are assigned work items in the priority order. However, if work items pile up because of fewer eligible agents, and then an agent becomes available during the processing period, the agent is offered the next work item according to the priority order. This strategy might create a perception that the highest priority item wasn't assigned; especially after some top-priority items are attempted for assignment and yet remain in the queue.
• The work items that don't match the criteria of any of the prioritization rulesets are kept in the last priority bucket, and are ordered by "first in first out".
• Prioritization rules are skipped for affinity work items and such work items is assigned before other work items in the queue. For information about affinity, go to Agent affinity .

How assignment rulesets work

The assignment ruleset is an ordered list of assignment rules. Each assignment rule represents a set of conditions that is used to determine the agents to select and an order-by field to sort the matching agents. At runtime, the assignment rule with the top order is evaluated first. The agents are matched as per the conditions specified in the rule. If more than one matching agent exists, they're sorted by the order by field, and the top agent is assigned the work. If no agents are matched, then the next assignment rule in the ruleset is evaluated. This method can be thought of as a gradual relaxation of constraints in the assignment, such that first, the strictest criteria are applied, and then the conditions are reduced so that the best agent is found. If no matching agents are found, then the work item remains in the queue.

In the assignment rule, the system user attributes are matched with the requirement of the work item. When you select static match, the condition is formed on the System User entity attribute and static values. When you select dynamic match, the conditions on the left are based on the system user root entity and the conditions on the right are based on the conversation root entity. You can drill down to two levels on the conversation root entity to form the rule conditions. An assignment rule with the dynamic match and static match is as follows.

Components of an assignment rule

The assignment rules are composed of the following items:

Order : Specifies the order in which the assignment rule is evaluated in a ruleset. The lower-order rules are run first. If any rule results in matching a user, then the next set of rules isn't evaluated.

Name : The unique rule name.

Condition : The expressions that are evaluated to match the users with the attributes of incoming work. The conditions have three parts:

User attribute : Properties of the users that can be used for comparing the user with the incoming work. The user attributes can be one of the following:

• Select attributes on the System User table.
• Presence Status : Maintained by the unified routing service based on user workloads and manual selection.
• Capacity : Maintained by the unified routing service based on user workloads and manual selection.
• User skills : Represents the skills associated with the user that can be used for doing skill-based assignment.
• Calendar Schedule : Schedule of the user as represented in the user service scheduling calendars.
• Bot attributes : Can be used only when you have configured bots as users and want to do some comparisons on them.

Operators : Define the comparison relationship between the User attribute and incoming work item attributes.

Unified routing filters the attribute-specific operators for you to choose from. Some special operators that are available for the attribute types are as follows.

Value : The user attributes are compared against this value to find the right agent. The value can be static, such as Address 1: County equals "USA". The value can also be dynamic, so that you can compare the user attribute dynamically with the values on the work item. In dynamic values, you can select any attribute on the work item or related records. For example, the following condition finds users whose country is the same as that of the customer associated with the case.

For some operators, values aren't required. They can be conditions, such as "Contains data," "Does not contain data," and "Calendar schedule: is working."

For user skills, the values are predefined for the operators. More information: Set up skill-based routing

Order by : If multiple agents match the conditions in a rule, you can use the "Order by" clause to find the best-suited one. You can specify the following order by clauses:

Ordering Attributes :

• Least active : Is available for voice queues only. The work item is routed to the agent who is least active among all the agents who match skills, presence, and capacity. For more information, see the Types of assignment methods section.
• Round robin
• Unit-based available capacity
• Profile-based available capacity
• Proficiency
• Skill count

User Attributes : These attributes are defined on the system user entity.

A sample assignment rule is explained in the following scenario with a screenshot.

The first condition specifies the "user skills" on which the operator is an exact match. Then the user attributes are evaluated. The different user attributes are specified with operators, and values for each attribute, such as the Presence status attribute, should be equal to "Available" or "Busy". On the right of the operator, you can specify the value that you want the attribute to be matched against. The values can be "static," such as "presence status equals Available or Busy". If you specify "dynamic," the condition is matched at runtime based on the expression you specify. For example, if you specify "Preferred Customer Type Equals Conversation.Contact.Membership Level," the "preferred customer type" of every agent is matched against the dynamically calculated membership level of the customer associated with the chat.

Dynamic match reduces the effort of having to write and maintain multiple static rules for each permutation and combination of the possible value.

Limits on offering a work item repeatedly to an agent

When agents are offered a work item through automatic assignment, they typically can accept or decline. Both rejection and time out of the notification is considered as a decline. An agent who declines the same work item thrice won't be considered for further auto assignment for the specific work item. The system tries to offer the declined work item to other agents in the queue if they're eligible.

For example, agent Serena Davis rejects a chat from customer Ana Bowman twice and the assignment notification times out in the third attempt. The system considers it as three declines and auto assignment won't offer the same chat to Serena Davis again. But the system offers the chat from Ana Bowman to other eligible agents. Also, Serena Davis is considered for other incoming conversations except the declined chat from Ana Bowman.

If all matching agents decline the work item because agent availability is low or the work requires a very specific skill and proficiency, the work remains in the queue. Similarly, if 100 agents decline a particular work item, auto assignment won't consider the work item in further assignment cycles. It can be manually assigned by supervisors or can be picked up by agents including those who rejected it.

You can update the default limit of three declines to a value between one and five based on your org requirement. The limit is applicable to all channels in the org.

You can make an OData call as follows to check the limit for your organization.

<org-url>/api/data/v9.0/msdyn_omnichannelconfigurations?$select=msdyn_number_of_declines_allowed

If this OData call returns the null value, it means that the decline limit is set to a default value of 3.

You can update the OData call as follows to modify the limit.

var data = { "msdyn_number_of_declines_allowed": 3 } // update the record Xrm.WebApi.updateRecord("msdyn_omnichannelconfiguration", "d4d91600-6f21-467b-81fe-6757a2791fa1", data).then( function success(result) { console.log("Omnichannel Configuration updated"); // perform operations on record update }, function (error) { console.log(error.message); // handle error conditions } );

Configure assignment methods and rules FAQ about unified routing in Customer Service, Omnichannel for Customer Service Diagnostics for unified routing Create workstreams Create queues Set up unified routing for records Set up skill-based routing for unified routing

Was this page helpful?

Coming soon: Throughout 2024 we will be phasing out GitHub Issues as the feedback mechanism for content and replacing it with a new feedback system. For more information see: https://aka.ms/ContentUserFeedback .

Submit and view feedback for

Additional resources

Procedure, Example Solved Problem | Operations Research - Solution of assignment problems (Hungarian Method) | 12th Business Maths and Statistics : Chapter 10 : Operations Research

Chapter: 12th business maths and statistics : chapter 10 : operations research.

Solution of assignment problems (Hungarian Method)

First check whether the number of rows is equal to the numbers of columns, if it is so, the assignment problem is said to be balanced.

Step :1 Choose the least element in each row and subtract it from all the elements of that row.

Step :2 Choose the least element in each column and subtract it from all the elements of that column. Step 2 has to be performed from the table obtained in step 1.

Step:3 Check whether there is atleast one zero in each row and each column and make an assignment as follows.

Step :4 If each row and each column contains exactly one assignment, then the solution is optimal.

Example 10.7

Solve the following assignment problem. Cell values represent cost of assigning job A, B, C and D to the machines I, II, III and IV.

Here the number of rows and columns are equal.

∴ The given assignment problem is balanced. Now let us find the solution.

Step 1: Select a smallest element in each row and subtract this from all the elements in its row.

Look for atleast one zero in each row and each column.Otherwise go to step 2.

Step 2: Select the smallest element in each column and subtract this from all the elements in its column.

Since each row and column contains atleast one zero, assignments can be made.

Step 3 (Assignment):

Thus all the four assignments have been made. The optimal assignment schedule and total cost is

The optimal assignment (minimum) cost

Example 10.8

Consider the problem of assigning five jobs to five persons. The assignment costs are given as follows. Determine the optimum assignment schedule.

∴ The given assignment problem is balanced.

Now let us find the solution.

The cost matrix of the given assignment problem is

Column 3 contains no zero. Go to Step 2.

Thus all the five assignments have been made. The Optimal assignment schedule and total cost is

The optimal assignment (minimum) cost = ` 9

Example 10.9

Solve the following assignment problem.

Since the number of columns is less than the number of rows, given assignment problem is unbalanced one. To balance it , introduce a dummy column with all the entries zero. The revised assignment problem is

Here only 3 tasks can be assigned to 3 men.

Step 1: is not necessary, since each row contains zero entry. Go to Step 2.

Step 3 (Assignment) :

Since each row and each columncontains exactly one assignment,all the three men have been assigned a task. But task S is not assigned to any Man. The optimal assignment schedule and total cost is

The optimal assignment (minimum) cost = ₹ 35

Related Topics

Privacy Policy , Terms and Conditions , DMCA Policy and Compliant

Copyright © 2018-2024 BrainKart.com; All Rights Reserved. Developed by Therithal info, Chennai.

Course Resources

Assignments.

The assignments in this course are openly licensed, and are available as-is, or can be modified to suit your students’ needs. Selected answer keys are available to faculty who adopt Waymaker, OHM, or Candela courses with paid support from Lumen Learning. This approach helps us protect the academic integrity of these materials by ensuring they are shared only with authorized and institution-affiliated faculty and staff.

If you import this course into your learning management system (Blackboard, Canvas, etc.), the assignments will automatically be loaded into the assignment tool.

Sun City Boards Assignments and Discussions

Half of the written assignments and discussions are based on a case study, whose focus is a fictional high-end surfboard company, Sun City Boards, which is also highlighted in the Why It Matters and Putting it Together in Module 3: Planning and Mission. Many of these assignments take the form of asking students to give Tom, the company’s inexperienced owner, advice about how he can run his business more effectively. The Sun City Boards assignments create a common framework for applying knowledge and skills developed through the course, encouraging students to demonstrate mastery of the content through real-world tasks and work products.

Alternate Assignments and Discussions

The other half of the written assignments and discussions use a variety of approaches, depending on the subject and learning outcome being assessed; many ask students to go beyond course content to form connections between research topics and what they’ve learned in class.

Using Assignments

We recommend assigning one discussion OR one assignment per chapter, rather than all of them. Some instructors prefer to stick with the Sun City Boards theme throughout the course; others like to use some of the alternates along the way. You can view any assignments or discussions below or throughout the course.

You can view them below or throughout the course:

Rubric for Assignments

There is also a sample rubric to assist you in grading. Instructors may modify these guidelines or use their own.

Open Pedagogy Assignments

Open Pedagogy Assignments are assignments in which students use their agency and creativity to create knowledge artifacts that can support their own learning, their classmates’ learning, and the learning of students around the world. (See this  peer-reviewed article  for more details.) All of the assignments can be created with a cell phone camera or any video recording device, Google or Word documents, and your learning management system.

Discussions

The following discussion assignments will also be preloaded (into the discussion-board tool) in your learning management system if you import the course. They can be used as is, modified, or removed. You can view them below or throughout the course.

Rubric for Discussion Posts

• This discussion invites conversation on race, which might require additional monitoring and involvement from instructors. This blog post from the Choices Program at Brown University contains links to helpful resources to facilitate talking about race in the classroom: "Approaching Race in the Classroom, Actively" ↵
• Assignments. Provided by : Lumen Learning. License : CC BY: Attribution
• Pencil Cup. Authored by : IconfactoryTeam. Provided by : Noun Project. Located at : https://thenounproject.com/term/pencil-cup/628840/ . License : CC BY: Attribution

MBA Knowledge Base

Business • Management • Technology

Home » Management Science » Transportation and Assignment Models in Operations Research

Transportation and Assignment Models in Operations Research

Transportation and assignment models are special purpose algorithms of the linear programming. The simplex method of Linear Programming Problems(LPP) proves to be inefficient is certain situations like determining optimum assignment of jobs to persons, supply of materials from several supply points to several destinations and the like. More effective solution models have been evolved and these are called assignment and transportation models.

The transportation model is concerned with selecting the routes between supply and demand points in order to minimize costs of transportation subject to constraints of supply at any supply point and demand at any demand point. Assume a company has 4 manufacturing plants with different capacity levels, and 5 regional distribution centres. 4 x 5 = 20 routes are possible. Given the transportation costs per load of each of 20 routes between the manufacturing (supply) plants and the regional distribution (demand) centres, and supply and demand constraints, how many loads can be transported through different routes so as to minimize transportation costs? The answer to this question is obtained easily through the transportation algorithm.

Similarly, how are we to assign different jobs to different persons/machines, given cost of job completion for each pair of job machine/person? The objective is minimizing total cost. This is best solved through assignment algorithm.

Uses of Transportation and Assignment Models in Decision Making

The broad purposes of Transportation and Assignment models in LPP are just mentioned above. Now we have just enumerated the different situations where we can make use of these models.

Transportation model is used in the following:

• To decide the transportation of new materials from various centres to different manufacturing plants. In the case of multi-plant company this is highly useful.
• To decide the transportation of finished goods from different manufacturing plants to the different distribution centres. For a multi-plant-multi-market company this is useful.
• To decide the transportation of finished goods from different manufacturing plants to the different distribution centres. For a multi-plant-multi-market company this is useful. These two are the uses of transportation model. The objective is minimizing transportation cost.

Assignment model is used in the following:

• To decide the assignment of jobs to persons/machines, the assignment model is used.
• To decide the route a traveling executive has to adopt (dealing with the order inn which he/she has to visit different places).
• To decide the order in which different activities performed on one and the same facility be taken up.

In the case of transportation model, the supply quantity may be less or more than the demand. Similarly the assignment model, the number of jobs may be equal to, less or more than the number of machines/persons available. In all these cases the simplex method of LPP can be adopted, but transportation and assignment models are more effective, less time consuming and easier than the LPP.

Related posts:

• Operations Research approach of problem solving
• Introduction to Transportation Problem
• Procedure for finding an optimum solution for transportation problem
• Initial basic feasible solution of a transportation problem
• Top 7 Best Ways of Getting MBA Assignment Writing Help
• Introduction to Decision Models
• Transportation Cost Elements
• Modes of Transportation in Logistics
• Factors Affecting Transportation in Logistics
• Export/Import Transportation Systems

One thought on “ Transportation and Assignment Models in Operations Research ”

Exclussive dff. And easy understude

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

How To Write A Solid Assignment Introduction

By: Derek Jansen | December 2017

I’ll kick off this post by making a bold assertion:

The introduction chapter of your assignment is the single most important section in your entire assignment.

Yip. Not the analysis chapter. Not the recommendations chapter. The introduction chapter. Yip, that short 200/300/400-word chapter that so many students rush through to get to the meatier chapters.  Why do I say this? There are a few reasons:

It creates the first impression.

Apart from the executive summary (which some assignments don’t have), the introduction creates the very first impression on your marker. It sets the tone in terms of the quality of the assignment.

It introduces your industry.

You might have decades of experience in your industry – but your marker won’t. This means that the simplest concepts can be misunderstood (and thereby cost you marks) if not explained right at the beginning of your assignment. A good introduction lays the foundation so that the marker can understand your upcoming arguments.

It defines and justifies your topic.

The introduction, if developed correctly, clearly outlines what the assignment will be about (and what it won’t) and why that’s important (i.e. a justification). In other words, it makes it clear what the focus of the assignment will be about, and why that is worth investigating. This clarity and justification of the topic are essential to earning good marks and keeping you focused on the purpose of the assignment.

It clarifies your approach.

Beyond the what and why, a good introduction also briefly explains how you’ll approach the research, both from a theoretical and practical perspective. This lays a clear roadmap both for the marker and for yourself. For the marker, this improves the readability and digestibility of the document (which is essential for earning marks). And for you, this big-picture view of the approach keeps you from digressing into a useless analysis.

In short, a good introduction lays a solid foundation and a clear direction for the rest of your assignment. Hopefully, you’re convinced…

The 5 essential ingredients.

In this post, I’ll outline the key components of a strong introduction chapter/section. But first, I want to discuss the structure.

Some assignment briefs will provide a proposed structure which combines the introduction and analysis chapters. I always encourage my clients to split this up into two chapters, as it provides a clearer, more logical structure. You’ll see why once I discuss the core components.

#1 – The Four Ws

A logical starting point is to assume the marker knows nothing about your business . Make sure you cover the basics:

• Who – what is the name of the business? If its multiple words, you should take the opportunity to introduce an acronym here. Then, stick to the acronym throughout the rest of the assignment. It’s also good practice to provide a list of acronyms in the appendix.
• What – explain what the business does, in simple English. Avoid industry jargon and explain the basic operating model of the business.
• Where – explain where the business operates from and where its customers operate. If you have multiple offices and serve multiple markets, a visual representation can save you some words.
• When – mention the age of the business, and how many staff it employs. You can also note the ownership structure (private company, listed entity, JV, etc).

If you’re only going to focus on one country/branch/department, make mention of this now. Also, be sure to justify why you’re focusing on that (for example, due to limited access to data).

If done right, you will have now painted a very clear (but concise) picture of the organisation for the marker. The next step is to discuss the context that the business operates in.

#2 – A brief discussion of the context.

Now that you’ve introduced the business, you need to move towards identifying the key issue(s) that will form the focus of the assignment. To do this, you need to lay a context, which will then lead to the issue(s). This will vary between assignments, and could be something like:

• The entry of new competitors resulting in reduced market share (STR, SM)
• A merger leading to a culture clash and poor performance (MP)
• A corporate scandal resulting in reputation damage (R&R)
• Changing regulation leading to the opening of a new potential country market (IB)

In other words, you need to present a (brief) story of how the key issue(s) or opportunity has arisen – X has lead to Y, which caused Z.

#3 – Identification of the key issue and research question(s).

With the context set, you need to clearly state what the key issue(s) or opportunity is, and why this is worth investigating (for example, due to the financial impact if left unresolved). This is pretty straightforward, but it is a critical step often missed by students, and results in the marker questioning the quality of the entire assignment.

With the key issue identified, its time to lay out your research question(s). In other words, state in question format, what question(s) your assignment will seek to answer.

For example:

• “What has changed in Organisation X’s competitive context, and how should it best respond to ensure sustainable competitive advantage?”
• “Should Organisation X internationalise to Country Y?”
• “What segments exist within Industry X and which segment should Organisation Y target?”
• “Which digital business model should Organisation X adopt?”

By stating your research question(s) up front, you are providing a very clear, focused direction for your assignment, thereby reducing your risk of getting distracted by the shiny objects that will invariably pop up along the way. You are stating clearly what you will and won’t focus on, and ring-fencing the assignment to a manageable breadth. This is critically important for earning marks, as it allows you to go deep into a highly relevant set of theories and develop meaningful insights, rather than superficially fluttering with numerous less-relevant ones.

What’s critically important is that you achieve alignment between the context, the issue(s) and the research question(s). They should all flow in a logical fashion, as shown below. 

If you achieve this alignment, you have a rock-solid foundation for your assignment, and your marker will be crystal clear regarding your direction, and why you chose that direction.

#4 – A brief outline of your theoretical approach.

Now that you’ve made it clear what your assignment is aiming to achieve (i.e. what research question(s) it wants to answer), it is very good practice to briefly mention:

• How you will approach the analysis.
• What key theory you will draw on.

In other words, you should give the marker an indication of how you approached the analysis, and on what theoretical basis. For example:

“The report begins by briefly looking at the organisation’s broader strategy, as well as values using Schwartz’s model (1994). It then reviews stakeholders using Mitchell et al.’s framework (1997) and identifies a key group with which reputation needs to be managed to achieve strategic alignment. It then analyses antecedents, reputation, and outcomes of the said group using Money et al.’s (2012) RELATE framework. This is followed by proposed strategic actions.”

As you can see, this excerpt clearly outlines how the analysis was approached, and what key theory was used in the relevant sections. This gives the marker a big-picture view of the assignment, which aids the digestibility of the document.

#5 – A brief outline of your fieldwork.

Now that you’ve communicated the approach, structure and underpinning theory, it’s best practice to make a quick mention of your fieldwork. Yes, you’re typically supposed to collect some primary data (for example, undertake some semi-structured interviews or a survey), as well as secondary data (for example, review industry reports, company data, etc), for your assignments – especially in Stage 2 and 3 of the program. 

In this final section, you should very briefly outline what you did in this respect so that the marker can rest assured that your assignment is not an opinion piece. A quality assignment draws on multiple data sources to make well-informed, data-backed arguments. Show that you’ve done this, and be sure to refer the reader to the appendices for evidence of this work (for example, interview transcripts, survey results, etc.).

Lastly, make mention of your relationship with the business, and your broad responsibilities. Remember to keep this in third-person language. For example:

“The author is employed as the [INSERT YOUR TITLE] and is responsible for X, Y and Z.”

Let’s recap.

In this article, I’ve hopefully convinced you of the critical importance of writing a strong introduction chapter. I’ve also presented 5 essential ingredients that you should bake into your intro in every assignment. By incorporating these ingredients (ideally, in this order), you will set the foundation for a strong assignment.

To recap the 5 essentials:

• A (plain language) explanation of the organisation.
• A brief discussion of the context.
• Identification of the key issue and research question(s).
• A brief outline of your theoretical approach.
• A brief outline of your fieldwork and your professional position.

You Might Also Like:

Informative and easy to apply advice…tx D

You’re welcome, Rishen 🙂

It is a very useful and understandable explanation of writing a research paper. Thank you so much for the sharing free such a useful example.

Yours sincerely Tara

This is really good, thank you.

Thanks for the feedback, Paul. Best of luck with your Henley MBA.

Very useful guide for the MBA. You mention that it’s good practice to use a range of sources to support arguments. If an assignment task isn’t that strategic (e.g. reviewing a process for a particular team within the business), can the assignment be supported purely by ‘fieldwork’ and models/theory? Thank you.

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

• Print Friendly

Expert Tips for Selecting the Optimal Method in Your Business Accounting Assignment

Embarking on a business accounting assignment is akin to setting sail on a voyage into the intricate seas of financial management. As students navigate this challenging realm, one pivotal decision stands before them like a compass pointing to success – the choice of the right accounting method. In this blog, we will unravel a treasure trove of tips and insights, guiding students through the maze of possibilities to ensure they choose the method that best suits the unique demands of their business accounting assignments. If you need help with your business accounting assignment , understanding the intricacies of different accounting methods is crucial for making informed decisions and accurately recording financial transactions, enabling students to excel in their assignments and achieve their academic goals.

Before delving into the nuances of accounting methods, it's crucial to anchor ourselves in the specifics of the assignment. Like a captain charting a course, students must analyze the scope of the task at hand. What financial transactions need to be recorded? Are there specific reporting requirements? Understanding the assignment's intricacies sets the foundation for selecting an accounting method that aligns seamlessly with its objectives.

In the first section, we will explore how to dissect the assignment requirements, emphasizing the importance of identifying key accounting principles that serve as guiding stars throughout the decision-making process. By grasping the fundamental goals of the task, students can tailor their approach and set sail on a purposeful journey toward accurate and insightful financial reporting.

The vast expanse of accounting offers a myriad of methods, each with its own set of rules and principles. Two primary methodologies often take centre stage: accrual accounting and cash accounting. In this second section, we will embark on a comprehensive exploration of these methods, unravelling their intricacies and understanding when and how they should be applied.

Diving into the world of accrual accounting, we will examine its detailed recording of revenue and expenses, providing a panoramic view of a business's financial health over time. Simultaneously, we will weigh the benefits and limitations of cash accounting, where transactions are recognized only when cash changes hands, offering simplicity but potentially obscuring the true financial picture.

Choosing the right accounting method is not a one-size-fits-all endeavor. It requires a careful consideration of various factors that can influence the decision-making process. In this third section, we will shed light on these factors, guiding students through the maze of considerations that can impact the suitability of an accounting method for a particular business.

From tailoring methods to fit the size of the business to understanding the influence of industry-specific requirements, this section aims to provide a comprehensive checklist for students. By recognizing and weighing these factors, aspiring accountants can make informed decisions that align with the unique characteristics and needs of the business under scrutiny.

With a solid understanding of assignment requirements, an exploration of accounting methods, and a consideration of influencing factors, the final leg of our journey brings us to the implementation phase. In this fourth section, we will provide practical tips for students to seamlessly integrate their chosen accounting method into their assignments.

From leveraging technology for efficiency to incorporating feedback and revisions, these tips will empower students to navigate the challenges of implementation successfully. By embracing these practical insights, students can transform theoretical knowledge into tangible results, ensuring their business accounting assignments not only meet academic standards but also reflect real-world financial acumen.

In the upcoming sections, we will delve deeper into each of these aspects, offering a comprehensive guide that will empower students to make informed decisions when choosing the right method for their business accounting assignments. So, buckle up as we set sail into the heart of financial management, unraveling the secrets to academic success in the realm of business accounting.

Understanding the Assignment Requirements

Understanding the assignment requirements is the foundational step in navigating the intricate landscape of business accounting assignments. It is akin to a navigator carefully studying the contours of a map before embarking on a journey. In this crucial phase, students must delve into the specifics of the task at hand, unraveling the intricacies that define the assignment's scope. This involves a meticulous analysis of the financial transactions that necessitate recording and the overarching reporting requirements.

The objective is to gain a comprehensive understanding of the assignment's nuances, ensuring that every financial aspect is accounted for accurately. This understanding becomes the compass that guides students through the complex waters of financial reporting. Moreover, it involves identifying the key accounting principles that will serve as guiding stars, steering the decision-making process toward a method that aligns seamlessly with the assignment's goals. By anchoring themselves in the particulars of the task, students set the stage for a purposeful and informed selection of the most appropriate accounting method for their specific business assignment.

Analyzing the Scope of the Assignment

Diving deeper into the multifaceted process of understanding assignment requirements, a pivotal aspect is analyzing the scope of the assignment. This phase involves a meticulous examination of the breadth and depth of the financial tasks at hand. Much like an explorer surveying the terrain before a quest, students must scrutinize the intricate details of the assignment to identify the extent of financial transactions requiring documentation.

Analyzing the scope encompasses deciphering the complexity and scale of financial activities involved, ensuring that no crucial element is overlooked. It is an exercise in precision, where students scrutinize the specific components that demand attention within the assignment. This in-depth analysis acts as a compass, providing direction by revealing the contours of the financial landscape. By thoroughly understanding the scope, students can make informed decisions when selecting the most fitting accounting method, steering their academic endeavors towards accurate and insightful financial reporting.

Identifying Key Accounting Principles

In the intricate realm of comprehending assignment requirements, a critical facet is the discernment of key accounting principles. This stage involves a meticulous exploration of the fundamental guidelines and rules that underpin sound financial practices. Much like a scholar deciphering the core tenets of a discipline, students must identify and grasp the key accounting principles that will serve as guiding lights throughout their assignment.

Identifying these principles is akin to assembling a toolkit for financial comprehension, providing a framework for accurate and standardized record-keeping. It involves recognizing the governing rules that shape financial transactions, ensuring that each entry adheres to established norms. By gaining a profound understanding of these principles, students equip themselves with the necessary tools to navigate the complexities of business accounting assignments successfully. This knowledge becomes the bedrock upon which students can build their decisions, fostering an adept and informed approach to selecting the most suitable accounting method for their specific academic tasks.

Exploring Accounting Methods

Delving into the expansive realm of comprehending assignment requirements, a pivotal stage involves the comprehensive exploration of various accounting methods. This phase resembles an adventurous journey through the diverse landscapes of financial management, with accrual accounting and cash accounting taking center stage. In this exploration, students navigate the nuanced intricacies of these methods, unraveling their distinctive characteristics and discerning when each should be applied.

Accrual accounting, akin to a panoramic lens, provides a comprehensive view of a business's financial health over time by recording revenue and expenses in detail. On the other hand, cash accounting offers simplicity, recognizing transactions only when cash changes hands, albeit potentially obscuring the true financial picture.

This section serves as a compass for students, guiding them through the choices available and equipping them with a nuanced understanding of the benefits and limitations associated with each method. By undertaking this comprehensive exploration, students empower themselves with the knowledge necessary to make informed decisions, ensuring their chosen accounting method aligns seamlessly with the unique requirements of their business accounting assignments.

Overview of Accrual Accounting

Embarking on a detailed exploration of accounting methods, a significant focus lies on gaining a comprehensive overview of accrual accounting. This method serves as a powerful lens offering a panoramic view of a business's financial landscape. In accrual accounting, transactions are recorded when they occur, regardless of when the cash exchanges hands. This approach provides a more accurate depiction of a company's financial health over a specific period, offering insights into its revenue generation and expenditure patterns.

Accrual accounting is akin to a meticulous chronicler, capturing the ebb and flow of financial activities with precision. By recognizing revenue and expenses when they are incurred, rather than when money changes hands, businesses can portray a more nuanced and realistic representation of their financial position. This section acts as a guide, shedding light on the intricacies of accrual accounting, and aims to empower students with the knowledge necessary to navigate and understand this method for effective application in their business accounting assignments.

Benefits and Limitations of Cash Accounting

In the comprehensive exploration of accounting methods, a focal point is understanding the benefits and limitations inherent in cash accounting. This approach simplifies the recording of financial transactions by recognizing them only when cash is exchanged, providing a straightforward perspective on a company's cash flow. However, this simplicity comes with trade-offs.

One notable benefit of cash accounting is its straightforwardness, making it particularly suitable for small businesses with uncomplicated financial structures. It offers a clear and immediate picture of cash inflows and outflows. Conversely, its limitations include potential distortions in long-term financial health, as it may not accurately reflect accrued revenue or expenses.

This section acts as a beacon, guiding students through the intricacies of cash accounting, offering a balanced understanding of its advantages and drawbacks. Armed with this knowledge, students can make informed decisions when selecting the most suitable accounting method for their business accounting assignments, ensuring alignment with the specific needs and complexities of the task at hand.

Factors to Consider in Method Selection

Navigating the terrain of business accounting assignments involves a critical juncture – considering the factors that influence the selection of an appropriate accounting method. This phase is akin to a strategist evaluating variables before making a crucial decision. Students must weigh several factors, tailoring their choices to the unique characteristics of the business under scrutiny.

Size is a paramount consideration, with larger enterprises often benefiting from the detailed insights provided by accrual accounting. Additionally, industry-specific requirements play a significant role, as certain sectors may demand adherence to particular accounting standards.

This section serves as a compass, guiding students through the factors that should shape their decisions. By understanding and considering these elements, students can make judicious choices that align the chosen accounting method with the specific attributes and needs of the business, ensuring their assignments reflect a nuanced and informed approach to financial management.

Tailoring Methods to Business Size

In the intricate process of selecting an accounting method for business assignments, tailoring these methods to the size of the enterprise emerges as a pivotal consideration. This aspect mirrors a bespoke approach, recognizing that businesses come in diverse sizes and structures.

For larger enterprises with complex financial transactions and expansive operations, accrual accounting often proves invaluable. This method captures a granular view of revenue and expenses, offering a comprehensive portrayal of the business's financial health over time. Conversely, smaller businesses may find cash accounting more pragmatic. Its simplicity aligns with their streamlined financial structures, providing a straightforward representation of cash inflows and outflows.

This section acts as a guide, emphasizing the importance of sizing up the business when making methodological choices. By tailoring the selected accounting method to the specific dimensions of the enterprise, students ensure a harmonious fit, allowing for accurate and meaningful financial reporting in their business accounting assignments.

Practical Tips for Implementation

As students embark on the implementation phase of their business accounting assignments, practical tips play a pivotal role in ensuring the seamless integration of their chosen accounting method. This stage is analogous to a navigator using tools to navigate through uncharted waters, translating theoretical knowledge into actionable insights.

Leveraging technology emerges as a cornerstone tip, facilitating efficient record-keeping and analysis. Integrating accounting software can streamline processes, reducing the margin for errors and enhancing overall accuracy. Furthermore, incorporating feedback and revisions remains instrumental. Regularly revisiting and refining the application of the chosen method based on feedback fosters continuous improvement.

This section serves as a roadmap, offering students actionable advice for translating their theoretical understanding into effective practice. By embracing these practical tips, students can navigate the challenges of implementation successfully, ensuring that their business accounting assignments not only meet academic standards but also reflect real-world financial acumen.

Utilizing Technology for Efficiency

In the realm of implementing accounting methods for business assignments, a pivotal consideration is the incorporation of technology to enhance efficiency. This stage is reminiscent of a modernization effort, recognizing the transformative impact of technology on the accuracy and speed of financial processes.

Utilizing accounting software stands out as a foundational tip for efficiency. These tools automate complex calculations and facilitate seamless record-keeping, reducing the risk of errors inherent in manual methods. Automation not only expedites the accounting process but also allows for real-time insights into financial transactions, aiding in informed decision-making.

This section acts as a beacon, guiding students toward the integration of technology as a catalyst for efficiency. By leveraging contemporary tools, students can navigate the intricacies of their business accounting assignments with greater ease, translating theoretical knowledge into practical applications that align with the demands of the modern financial landscape.

Conclusion:

In conclusion, the journey through the intricacies of choosing the right method for business accounting assignments has been both enlightening and empowering. We embarked on this expedition by emphasizing the fundamental importance of understanding assignment requirements, analyzing the scope, and identifying key accounting principles. These initial steps, much like charting a course, provided a solid foundation for our exploration.

As we delved into the diverse landscapes of accrual accounting and cash accounting, we uncovered the nuances and gained insights into the benefits and limitations of each method. This comprehensive exploration acted as a compass, guiding students through the choices available, allowing them to make informed decisions tailored to the unique requirements of their assignments.

Considering factors such as business size and industry-specific demands became a pivotal aspect, akin to strategic navigation through the decision-making process. By tailoring accounting methods to these factors, students can ensure a harmonious fit, aligning their choices with the specific characteristics of the business under scrutiny.

Our journey culminated in the practical tips for implementation, with a particular emphasis on leveraging technology for efficiency and incorporating feedback. These actionable insights transform theoretical knowledge into practical application, ensuring that business accounting assignments not only meet academic standards but also reflect real-world financial acumen.

In essence, the tips provided serve as a guide for students navigating the seas of business accounting, empowering them to make astute decisions that contribute to accurate, insightful, and efficient financial reporting. As the sails of knowledge are set, students are well-equipped to navigate the complex waters of accounting assignments with confidence and expertise.

Post a comment...

Salesforce is closed for new business in your area.

Assignment of Contract – Assignable Contract Basics for Real Estate Investors

What is assignment of contract? Learn about this wholesaling strategy and why assignment agreements are the preferred solution for flipping real estate contracts.

Beginners to investing in real estate and wholesaling must navigate a complex landscape littered with confusing terms and strategies. One of the first concepts to understand before wholesaling is assignment of contract, also known as assignment of agreement or “flipping real estate contracts.”  

An assignment contract is the most popular exit strategy for wholesalers, and it isn’t as complicated as it may seem. What does assignment of contract mean? How can it be used to get into wholesaling? Here’s what you need to know.

What Is Assignment of Contract?

How assignment of contract works in real estate wholesaling, what is an assignment fee in real estate, assignment of agreement pros & cons, assignable contract faqs.

• Transactly Saves Time. Learn How Now!

Assignment of real estate purchase and sale agreement, or simply assignment of agreement or contract, is a real estate wholesale strategy that facilitates a sale between the property owner and the end buyer.

This strategy is also known as flipping real estate contracts because that’s essentially how it works:

• The wholesaler finds a property that’s already discounted or represents a great deal and enters into a contract with the seller,
• The contract contains an assignment clause that allows the wholesaler to assign the contract to someone else (if they choose to!), then
• The wholesaler can assign the contract to another party and receive an assignment fee when the transaction closes.

Assignment of contract in real estate is a popular strategy for beginners in real estate investment because it requires very little or even no capital. As long as you can find an interested buyer, you do not need to come up with a large sum of money to buy and then resell the property – you are only selling your right to buy it .

An assignment contract passes along your purchase rights as well as your contract obligations. After the contract assignment, you are no longer involved in the transaction with no right to make claims or responsibilities to get the transaction to closing.

Until you assign contract to someone else, however, you are completely on the hook for all contract responsibilities and rights.

This means that you are in control of the deal until you decide to assign the contract, but if you aren’t able to get someone to take over the contract, you are legally obligated to follow through with the sale .

Assignment of Contract vs Double Closing

Double closing and assignment of agreement are the two main real estate wholesaling exit strategies. Unlike the double closing strategy, an assignment contract does not require the wholesaler to purchase the property.

Assignment of contract is usually the preferred option because it can be completed in hours and does not require you to fund the purchase . Double closings take twice as much work and require a great deal of coordination. They are also illegal in some states.

Ready to see how an assignment contract actually works? Even though it has a low barrier to entry for beginner investors, the challenges of completing an assignment of contract shouldn’t be underestimated. Here are the general steps involved in wholesaling.

Step #1. Find a seller/property

The process begins by finding a property that you think is a good deal or a good investment and entering into a purchase agreement with the seller. Of course, not just any property is suitable for this strategy. You need to find a motivated seller willing to accept an assignment agreement and a price that works with your strategy. Direct mail marketing, online marketing, and checking the county delinquent tax list are just a few possible lead generation strategies you can employ.

Step #2: Enter into an assignable contract

The contract with the seller will be almost the same as a standard purchase agreement except it will contain an assignment clause.

An important element in an assignable purchase contract is “ and/or assigns ” next to your name as the buyer . The term “assigns” is used here as a noun to refer to a potential assignee. This is a basic assignment clause authorizing you to transfer your position and rights in the contract to an assignee if you choose.

The contract must also follow local laws regulating contract language. In some jurisdictions, assignment of contract is not allowed. It’s becoming increasingly common for wholesalers to assign agreements to an LLC instead of an individual. In this case, the LLC would be under contract with the seller. This can potentially bypass lender objections and even anti-assignment clauses for distressed properties. Rather than assigning the contract to someone else, the investor can reassign their interest in the LLC through an “assignment of membership interest.”

Note: even the presence of an assignment clause can make some sellers nervous or unwilling to make a deal . The seller may be picky about whom they want to buy the property, or they may be suspicious or concerned about the concept of assigning a contract to an unknown third party who may or may not be able to complete the sale.

The assignment clause should always be disclosed and explained to the seller. If they are nervous, they can be assured that they will still get the agreed-upon amount.

Step #3. Submit the assignment contract for a title search

Once you are under contract, you must typically submit the contract to a title company to perform the title search. This ensures there are no liens attached to the property.

Step #4. Find an end buyer to assign the contract

Next is the most challenging step: finding a buyer who can fulfill the contract’s original terms including the closing date and purchase price.

Successful wholesalers build buyers lists and employ marketing campaigns, social media, and networking to find a good match for an assignable contract.

Once you locate an end buyer, your contract should include earnest money the buyer must pay upfront. This gives you some protection if the buyer breaches the contract and, potentially, causes you to breach your contract with the seller. With a non-refundable deposit, you can be sure your earnest money to the seller will be covered in a worst-case scenario.

You can see an assignment of contract example here between an assignor and assignee.

Step #5. Receive your assignment fee

The final step is receiving your assignment fee. This fee is your profit from the transaction, and it’s usually paid when the transaction closes.

The assignment fee is how the wholesaler makes money through an assignment contract. This fee is paid by the end buyer when they purchase the right to buy the property as compensation for being connected to the original seller. Assignment contracts should clearly spell out the assignment fee and how it will be paid.

An assignment fee in real estate replaces the broker or Realtor fee in a typical transaction as the assignor or investor is bringing together the seller and end buyer.

The standard real estate assignment fee is $5,000 . However, it varies by transaction and calculating the assignment fee may be higher or lower depending on whether the buyer is buying and holding the property or rehabbing and flipping.

The assignment fee is not always a flat amount. The difference between the agreed-upon price with the seller and the end buyer is the profit you stand to earn as the assignor. If you agreed to purchase the property for $150,000 from the seller and assign the contract to a buyer for $200,000, your assignment fee or profit would be $50,000.

In most cases, an investor receives a deposit when the Assignment of Purchase and Sale Agreement is signed with the rest paid at closing.

Be aware that assignment agreements can have a bad reputation . This is usually the case when the end buyer and seller are unsatisfied, realizing they could have sold higher or bought lower and essentially paid thousands to an investor who never even wanted to buy the property.

Opting for the standard, flat assignment fee is much more readily accepted by sellers and buyers as it’s comparable to a real estate agent’s commission or even much lower and the parties can avoid working with an agent.

Real estate investors enjoy many benefits of an assignment of contract:

• This strategy requires little or no capital which makes it a popular entry to wholesaling as investors learn the ropes.
• Investors are not added to the title chain and never own the property which reduces costs and the amount of time the deal takes.
• An assignment of agreement is easier and faster than double closing which requires two separate closings and two sets of fees and disclosures.
• Wholesaling can be a great tool to expand an investor’s network for future opportunities.

As with most things, there are important drawbacks to consider. Before jumping into wholesaling and flipping real estate contracts, consider the downsides .

• It can be difficult to work with sellers and buyers who are not familiar with wholesaling or assignment agreements.
• Some sellers avoid or decline assignment of contract offers because they are suspicious of the arrangement, think it is too risky, or want to know who they are selling to.
• There is a limited time to find an end buyer. Without a reliable buyer’s list, it can be very challenging to find a viable end buyer before the closing date.
• The end buyer may back out at the last minute. This may happen if they do not have owner’s rights until the contract is assigned or they do not want to pay an assignment fee.
• Not all properties are eligible for wholesaling like HUD and REO properties. There may be anti-assignment clauses or other hurdles. It is possible to get around this by purchasing the property with an LLC which can then be sold, but this is a level of complication that many wholesalers want to avoid.
• Assignors do not have owner’s rights. When the property is under contract, investors cannot make repairs or improvements. This makes it harder to assign a contract for a distressed property in poor condition.
• It can be hard to confirm an end buyer is qualified. The end buyer is responsible for paying the agreed upon price set by the seller and assignor. Many lenders do not handle assignment agreements which usually means turning to all-cash end buyers. Depending on the market, they can be hard to find.

In the worst-case scenario, if a wholesaling deal falls through because the end buyer backs out, the investor or assignor is still responsible for buying the property and must follow through with the purchase agreement. If you do not, you are in breach of contract and lose the earnest money you put down.

To avoid this worst-case scenario, be prepared with a good buyer’s list. You should only put properties under contract that you consider a good deal and you can market to other investors or homeowners. You may be able to get more time by asking for an extension to the assignment of contract while you find another buyer or even turn to other wholesalers to see if they have someone who would be a good fit.

What is the difference between assignor vs assignee?

In an assignment clause, the assignor is the buyer who then assigns the contract to an assignee. The assignee is the end buyer or final buyer who becomes the owner when the transaction closes. After the assignment, contract rights and obligations are transferred from the assignor to the assignee.

What Is an assignable contract?

An assignable contract in real estate is a purchase agreement that allows the buyer to assign their rights and obligations to another party before the contract expires. The assignee then becomes obligated to meet the terms of the contract and, at closing, get title to the property.

Is Assignment of Agreement Legal?

Assignment of contract is legal as long as state regulations are followed and it’s an assignable contract. The terms of your agreement with the seller must allow for the contract to be assumed. To be legal and enforceable, the following general requirements must be met.

• The assignment does not violate state law or public policy. In some states and jurisdictions, contract assignments are prohibited.
• There is no assignment clause prohibiting assignment.
• There is written consent between all parties.
• The property does not have restrictions prohibiting assignment. Some properties have deed restrictions or anti-assignment clauses prohibiting assignment of contract within a specific period of time. This includes HUD properties, short sales, and REO properties which usually prohibit a property from being resold for 90 days. There is potentially a way around these non-assignable contracts using an LLC.

Can a non-assignable contract still be assigned?

Even an non-assignable contract can become an assignable contract in some cases. A common approach is creating an agreement with an LLC or trust as the purchaser. The investor can then assign the entity to someone else because the contractual rights and obligations are the entity’s.

Assignment agreements are not as complicated as they may sound, and they offer an excellent entry into real estate investing without significant capital. A transaction coordinator at Transactly can be an invaluable solution, no matter your volume, to keep your wholesaling business on track and facilitate every step of the transaction to closing – and your assignment fee!

Adam Valley

Similar posts, getting to close: contract to close checklist for sellers.

Review our contract to close checklist for sellers to find out what exactly it is the seller is responsible for to make sure the home..

Option Contract in Real Estate Defined

Understanding the option contract real estate definition will better prepare you for your next purchase or selling of a property.

What Does a Contract to Close Coordinator Do?

A contract to close coordinator is simply just someone that is able to help you out in the complicated real estate process without stepping on your...

Get notified with new real estate posts.

Be the first to know about new real estate tech insights. Subscribe to stay up-to-date with Transactly. 

• Classifieds
• BTM Business Connect
• Professional Announcements
• Marketing Tips
• Growth Guide
• Editorial and Special Products Calendar
• Reader Rankings 2023
• Manufacturing
• Financial & Business News
• International
• Supply Chain
• Sponsored Content
• Home Accents
• Kids Furniture
• Outdoor Furniture
• Upholstered Furniture
• Research Store
• Buyers Guide
• Edit Invites
• Live From Market
• Designer Experience (DX)
• Empowering Women
• The Innovation Event
• Leadership Conference 2023
• Bulletin Board

Bellacor placed in assignment for benefit of creditors: What that means

Thomas Lester // Retail Editor // May 28, 2024

ST. PAUL, Minn. — Documents filed in the Hennepin (Minn.) County District Court indicate that online retailer Bellacor is in assignment for the benefit of creditors.

An assignment for the benefit of creditors is a voluntary alternative to formal bankruptcy proceedings that transfers all the assets from a debtor to a trust for liquidating and distributing its assets.

The paperwork, filed on May 8, says Bellacor is indebted to creditors and is unable to pay those debts as they become due and has been assigned to Lighthouse Management Group, Inc. to settle those debts.

Assignment property in the ABC includes all tangible and intangible assets including fixtures, goods, stock, inventory, equipment, furniture, furnishings, accounts receivable, general intangibles, bank deposits, cash, promissory notes, memo loans, trademarks, patents, cash value and proceeds of insurance policies, claims and demands belonging to the assignor, wherever the property may be located.

Under terms of the assignment, Lighthouse will “take possession of and administer and liquidate assignment property with reasonable dispatch, collect all claims and demands assigned and, to the extent as they may be collectible, pay and discharge all reasonable expenses, costs and disbursements in connection with the execution and administration of this assignment from the proceeds of the liquidations and collections.”

Notable brands listed among creditors include Capital Lighting, Visual Comfort, Hooker, Hudson Valley Lighting, Uttermost, Universal Furniture, Gabby, Crystorama, Bernhardt, Caracole, A.R.T. Furniture, Currey & Company, Regina Andrew Design, Lexington Home Brands, Progress Lighting, Surya, Mohawk, Magnussen Home Furniture, Legacy Classic, Howard Elliott and many others. Other creditors include consumers, financial firms and service providers.

While Bellacor’s website is down , Furniture Today was told that its brick-and-mortar operation, Creative Lighting , remains open and business is operating as usual.

Furniture Today has reached out to Bellacor leaders as well as a representative of Lighthouse Management Group.

• What happens when a company declares bankruptcy in 2023? M&A expert weighs in
• Outdoor décor company plans to close in April

Share this!

Related Content

Growing Your Online Business Has Gotten Harder Than Ever—Here’s How to Stand Out

Challenging platforms. Rejected product loads. Complex adver[...]

March 25, 2024

Automated Product Photography System Gives Manufacturers and Retailers an Advantage During Challengi...

The choice and execution of a visual merchandising strategy [...]

August 29, 2022

Citing increase in remote and hybrid workers, Walker Edison expands home office

Citing an uptick in remote workers, e-commerce furniture sup[...]

May 28, 2024

Court documents indicate that the online home furnishings re[...]

DTC retailer Castlery puts focus on completing the room with new accessories

E-commerce retailer Castlery has introduced a 73-piece acces[...]

May 23, 2024

Wayfair adding Birch Lane to Western Florida hotspot

The retailer's 10,000-square-foot showroom is expected to op[...]

May 22, 2024

Furniture Today Daily

Signup for your daily digest of industry news and trends.

• By signing up you agree to our
• Privacy Policy

• Furniture Everyday
• Insider’s View
• Mattress Matters
• Logistics Logic

Privacy Overview

13 Tips for Choosing the Perfect Domain Name

Published: May 27, 2024

Choosing the right domain name for your company is so important — ultimately, it’s how your audience will find and remember you.

The best domain is a custom domain that works for you. Sometimes, the best domain name for you might break some best practice rules. I’ve got websites built on domains that follow best practices, including those with keyword-rich domains, and other domains break the best practice rules big time; they’re even hard to spell.

With over 700 million domain names registered , it can be hard to find one that’s unique and functional. But, in this article, I’ll help you find a custom domain that will help your website stand out from the crowd and possibly even boost your SEO. I’ll help you choose and buy a domain while sharing the insights and tips I’ve learned along the way.

Table of Contents

What Makes A Good Domain Name?

How to choose a domain name for your business, how to choose a domain name for your blog, domain name generator, establish brand identity by picking the perfect domain name.

The best domain names balance memorability, longevity, and sometimes SEO. There’s a lot to think about when choosing the right domain name, but before I get into all those steps, let’s first identify what makes a good domain.

Ideally, you’ll pick one domain name you’ll stick with forever. This might seem scary, and it’s okay to change your domain later, but it’s better if you don’t — so don’t take this decision lightly.

The reason why longevity matters is because you want a domain name that’s stable to avoid confusing your audience.

There’s another lesser-known reason, and it’s related to SEO: a domain name builds authority. Basically, an older domain with high-quality content becomes trusted by Google and is theoretically easier to rank. The longer you spend with a domain and the more you build it up, the bigger the potential loss if you change it.

Again, you can change your domain, and there are lots of things you can do to protect that built authority, but the absolute best practice is to choose a domain that you can stick with.

SEO Considerations

As well as authority, your domain name can help bolster your SEO efforts. Domains including a keyword can help websites rank.

You want to balance the benefits of using the keyword in the URL against using a brand keyword. I’ll discuss the nuances of choosing keyword-rich domains later including when I think it’s appropriate and when to stay with the brand name.

Memorability

Your domain name is how your audience will find and remember you. The best domain names are memorable to your audience so they can easily find you again.

If you are ready to establish a presence online for your business, you’ll want to choose a domain name that matches your brand. This way, customers can easily find and trust your site. There are a few steps you can keep in mind when choosing your domain name.

Free Website Design Inspiration Guide

77 Brilliant Examples of Homepages, Blogs & Landing Pages to Inspire You

• Agency Pages
• Ecommerce Pages
• Tech Company Pages

You're all set!

Click this link to access this resource at any time.

4. Stay unique, specific, and on-brand.

With all of these things to keep in mind, it can be hard to brainstorm a domain name that is clear and concise while also remaining unique and true to your business.

But it’s certainly doable. Keep your business name and what you sell at the forefront of your mind, and dig into your niche to ensure that your domain name attracts the online audience you want.

I always find it hard to come up with domains. I usually have to go through a few versions of ideas and get knocked back a lot by the time I’ve searched its availability to find it’s taken.

Nowadays, I use ChatGPT to help me brainstorm domain name ideas. Using a fake scenario, here’s an example of what I’d ask ChatGPT.

I asked ChatGPT, “Can you help me come up with the best domain name for a new blog? I want to share my budget travel adventures.”

ChatGPT came up with some great starting points.

Domain names are hot commodities, but they are also pretty affordable. As long as your idea isn’t trademarked or already in use, grab it before it’s gone! You can always change it later if you decide it just isn’t working.

I understand that this is a lot to digest. But just as there are generators to help you find excellent hashtags and keywords, there are also tools to help you find domain names (in addition to using ChatGPT).

You can take some of the keywords and brand-related words you’ve brainstormed through the above tips and add them to a domain name generator, which will use those words and related words to create lists of available domain names.

Even if you don’t pick a domain name exactly from the generator, it can help inspire your team to find a domain name that is perfect for your business or blog. Here are some of the top domain name generators to try.

Don't forget to share this post!

Related articles.

The Best Web Hosting for Small Business Sites in 2024: 12 Favorites

Best Video Hosting Sites: The Top 11 Sites in 2023

Domains and Domain Names: What They Are and 10+ Examples

Everything You Need to Know about Custom Domains

The 13 Best Blog Hosting Sites to Launch a Winning Blog in 2024

14 Best Domain Registrars to Consider This Year

Serverless Functions: Your Website's New Best Friend

The Ultimate Guide to Web Hosting

What Is a CDN? Understanding Content Delivery Networks

10 Best Windows Web Hosting Platforms for 2024

Launch your WordPress website with the help of this free guide and checklist.

CMS Hub is flexible for marketers, powerful for developers, and gives customers a personalized, secure experience