The Sudoku for Selection of a New Refinery Site Using Transportation Problem- A Case of American Oil Industry

Shilpi Gupta

Abstract


A transportation problem is in general concerned with the use or allocation of scarce resources such as labor, materials, machine-time and capital in the best possible manner, so that either costs are minimized or profits are maximized. However the real life situation often, differs from the theoretical one.

Keywords


Transportation Problem, Linear Programming, Optimal Solution,North-West corner Method (NWCM), Vogel’s Approximation Method (VAM), MODI method, Decision Making, Dummy variable

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References


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