Solving Transportation Method And Linear Programming Essay

INTRODUCTION 1.1 Main Idea Web site for solving transportation method in linear programming. Transportation method mostly needed in mathematics and economy. The algorithms for solving the problem are based on this matrix representation. My aim will be finding optimal solution of the transportation problem. In the term linear programming, programming refers to mathematical programming. In this context, it refers to a planning process that allocates resources—labor, materials, machines, capital—in the best possible (optimal) way so that costs are minimized or profits are maximized. In LP, these resources are known as decision variables. The criterion for selecting the best values of the decision variables (e.g., to maximize profits or minimize costs) is known as the objective function. Limitations on resource availability form what is known as a constraint set. One of the most important and successful applications of quantitative analysis to solving business problems has been in the physical distribution of products, commonly referred to as transportation problems. Basically, the purpose is to minimize the cost of shipping goods from one location to another so that the needs of each arrival area are met and every shipping location operates within its capacity. However, quantitative analysis has been used for many problems other than the physical distribution of goods. For example, it has been used to efficiently place employees at certain jobs within anShow MoreRelatedTransportation Problems1195 Words   |  5 PagesCase Study on Transportation Problem 12/15/2010 ACKNOWLEDGEMENT First and foremost, we would like to thank to our mentor, Dr. G.N. Patel for his valuable guidance and advice throughout the project. Without his support and guidance, this report would not have been possible. 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