An Alternative Method to Minimize the Transportation Cost
Journal Title: International Journal of Research and Review - Year 2017, Vol 4, Issue 5
Abstract
The main objective of transportation problem (TP) solution methods is to minimize the cost / time of transportation. Most of the currently used methods for solving transportation problems are trying to reach the optimal solution and most of those methods are considered complex. In this paper a new method is proposed for finding initial basic feasible solution (IBFS) also optimal or near to optimal cost for transportation directly. Here a moderate table called least entry table (LET) is formed by subtracting smallest odd cost from other odd cost and then divide all entries by common factors, Later the Decision Making Indicators (DMI) are calculated from the difference of the greatest unit cost and the nearest-to-the-greatest unit cost. The least entry of the DMI along the highest DMI is taken as the basic cell. Finally, loads have been imposed on the original TT corresponding to the basic cells of the DMI. So, it performs faster than the existing methods with a minimal computation time. Also this method will be very lucrative for those decision makers who are dealing with logistics and supply chain related issues.
Authors and Affiliations
Md. Mizanur Rahman
Keywords
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