Modification of Vogel's Approximation Method for Optimality of Transportation Problem by Statistical Technique
Abstract
This paper addresses the Optimality of Transportation Problems (TP). The modification in Vogel’s Approximation Method for optimality of transportation problem by statistical technique (MVOTPST) is proposed, which provides the better feasible solution in comparison to the existing methods such as North West Corner Method (NWCM), Least Cost Method (LCM) and Vogel’s Approximation Method (VAM). Various examples have been examined from the literature to validate the authenticity and optimality of the proposed MVOTPST method. Furthermore, the Initial Basic Feasible Solution (IBFS) of the modified technique has been found either absolutely optimal, close to optimal, same as VAM, or better than the existing methods.
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