A New Method to Obtain an Initial Basic Feasible Solution of Transportation Problem with the Average Opportunity Cost Method
Swati V. Kamble1, Bhausaheb G. Kore2
1Swati V. Kamble*, Research Scholar, Department of Statistics, Shivaji University, Kolhapur, India.
2Bhausaheb G. Kore, Principal, Adarsh College, Vita – 415 311, Dist.: Sangli (M. S.), Affiliated to Shivaji University, Kolhapur, INDIA.
Manuscript received on August 11, 2019. | Revised Manuscript received on August 20, 2019. | Manuscript published on December 30, 2019. | PP: 206-209 | Volume-9 Issue-2, December, 2019. | Retrieval Number: F9283088619/2019©BEIESP | DOI: 10.35940/ijeat.F9283.129219
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: In this preset article, we have explained all new method to get Initial Basic Feasible solution (IBFS) of Transportation Problem (TP) with the Average Opportunity Cost Method (AOCM). It is very simple arithmetical and logical calculation.After finding the IBFS we use Modified Distribution Method (MODI) method to optimize the IBFS. Results obtained by using this method we found that IBFS of most of the transportation problem closer to optimal solution than using the other existing methods. We illustrate the same by suitable examples.
Keywords: AOCM, IBFS, MODI, Optimal Solution, TP.