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Application of a New Transportation Algorithm for Cost Minimization

Journal: International Research Journal of Advanced Engineering and Science (Vol.4, No. 3)

Publication Date:

Authors : ;

Page : 262-264

Keywords : Transportation Table; Total Opportunity Cost Table; Distribution Indicator; Average values of complete unit cost; Biggest unit cost and Transportation Problem etc.;

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Abstract

Transportation cost is a significant factor in business field. In Operation Research (OR), we utilize a few customary strategies to reduce the transportation cost. Another strategy to reduce the transportation cost through activities on a moderate Transportation Table (TT) called Total Opportunity Cost Table (TOCT) is introduced in this. The Distribution Indicators (DI) are determined by the distinction of biggest unit cost and average values of complete unit cost. Minimal section of the TOCT along the most elevated DI is taken as the fundamental cell. At long last, loads have been forced on the first TT relating to the fundamental cells of the TOCT. The technique has been outlined with a guide to legitimize its productivity. It is seen that the strategy exhibited in this is appropriate on TP with equivalent obligation.

Last modified: 2020-06-11 19:57:17