Statistical Methods for Solving Transportation Problems

What does transportation problem deal with? Give details Explaination

Expert Solution

Transportation problem is one of the models of Linear Programming problem. It deals with the situation in which a commodity from several sources is shipped to different destinations with the main objective to minimize the total shipping cost. There are three well-known methods namely, North West Corner Method Least Cost Method, Vogel’s Approximation Method to find the initial basic feasible solution of a transportation problem. In this paper, we present some statistical methods for finding the initial basic feasible solution. We use three statistical tools: arithmetic and harmonic mean and median. We present numerical examples, and we compare these results with other classical methods.

see below

Nipun Maity answered 2 years ago

Apply problem solving methods and analyze solution of financial problems. 1.) You deposit $100 into an...

Apply problem solving methods and analyze solution of financial problems. 1.) You deposit $100 into an account earning a 10% annual rate of interest. How much money will you have in the account at the end of five years? 2.) You have just won the lottery and have a choice of receiving a lump sum of $1,000,000 or an annuity of $100,000 per year for 15 years. If the appropriate discount rate is 8%, which alternative would you choose? Explain....

the steps in solving transportation problem using Least Cost Method.

How does reasoning help in solving problems.

Briefly explain and how does reasoning help in solving problems.

what is the role of bank? what problems are they solving?

1. Why are transportation problems given this name? 2. What is an identifying feature of transportation...

1. Why are transportation problems given this name? 2. What is an identifying feature of transportation problems? 3. How does the form of a fixed-requirement constraint differ from that of a resource constraint?

Define “transportation network” and discuss the network analysis problems that are interest in transportation engineering while...

Define “transportation network” and discuss the network analysis problems that are interest in transportation engineering while explaining how the problems are interconnected. Discuss how the quality of a transportation network is assessed?

What are statistical process control methods?

Question: Describe the various methods of solving linear systems. With which method of solving linear systems...

Question: Describe the various methods of solving linear systems. With which method of solving linear systems are you most comfortable, and why? Hint: First, define a linear system, and give an example. Then, discuss the methods, and show the steps to solve your example. Finally, talk about advantages and drawbacks of each method. "Real-Life" Relationship: Any relationship where we have a fixed cost and variable cost can be represented by a linear equation. For instance, the cost of a rental...

Describe the two methods of pricing equipment transportation expenses.

What are the theorems that can be used when solving optimization problems?

Question