Transportation Cost Effective named Maximum Cost, Corresponding Row and Column minima (MCRCM) Algorithm for Transportation Problem

Journal > Journal > Journal Vol – 14 No -1, February 2019 > Transportation Cost Effective named Maximum Cost, Corresponding Row and Column minima (MCRCM) Algorithm for Transportation Problem

February 23, 2019

Journal Vol – 14 No -1, February 2019

Authors:

M. A. Hossen,Farjana Binte Noor,

DOI NO:

https://doi.org/10.26782/jmcms.2019.02.00016

Keywords:

Transportation Cost, Least Cost Method, Supply,Demand, Initial Basic feasible Solution,Optimum solution,

Abstract

Transportation model provides a powerful framework to meet the Business challenges. In highly competitive market the pressure is increasing rapidly to the organizations to determine the better ways to deliver goods to the customers with minimum transportation cost. In this paper we proposed a new algorithm based on Least Cost Method(LCM)for finding Initial Basic Feasible Solution(IBFS) to minimize transportation cost .Our proposed algorithm provides a IBFS which is either optimal or near to the optimal value with minimum steps comparatively better than those obtain by traditional algorithm or method .For the validity of this algorithm we considered a numerical transportation problem and comparative study has been made minimum cost with graphically.

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