|
Background: This paper finds initial basic feasible solution and optimal solution to the transportation problem by using MAM's (Monalisha's Approximation Method). Methods: Using the concept of comparison of the transportation problem by other methods of solution, the paper introduces a very effective method in terms of cost and time for solving these problems. This paper extends transportation problem by using different method of obtaining both initial basic feasible solution and optimal solution simultaneously other than existing methods. Results and conclusions: It is presented a cost saving and less time consuming and accurate method for obtaining the best optimal solution of the transportation problem . With the problem assumptions, the optimal solution can still be theoretically solved using the existing methods. Finally, numerical examples and sensitivity analysis are presented to illustrate the effectiveness of the theoretical results, and to gain additional managerial insights.
|
