An Effective Approach to Determine an Initial Basic Feasible Solution: A TOCM-MEDM Approach
Abstract: Transportation of products from sources to destinations with minimal total cost plays an important role in logistics and supply chain management. In this article, a new and effective algorithm is introduced for finding an initial basic feasible solution of a balanced transportation problem. Number of numerical illustration is introduced and optimality of the result is also checked. Comparison of findings obtained by the new heuristic and the existing heuristics show that the method presented herein gives a better result.
Keywords: Initial Basic Feasible Solution / Total Opportunity Cost Matrix / Pointer Cost / Optimum Solution
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