Abstract
In this research, a new and efficient approach of finding an initial basic feasible solution to transportation problems is proposed. The proposed approach is named “Inverse Coefficient of Variation Method (ICVM)”, and the method is illustrated with seven numerical examples. Six existing methods; North West Corner Method (NWCM), Column Minimum Method (CMM), Least Cost Method (LCM), Row Minimum Method (RMM),Vogel’s Approximation Method (VAM), and Allocation Table Method (ATM) were compared with the proposed approach. It can be said conclusively that the proposed Inverse Coefficient of Variation Method (ICVM) provides an improved Initial Basic Feasible Solution to all the transportation problems used in the experiment. Further, the new method leads to the optimal solution to many of the problems considered.
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