The solution to the Profit maximization transportation problem using new transportation algorithm
Any engineering system requires engineers to make numerous managerial and technological decisions during the design, building, and maintenance phases. All such decisions aim to either maximize the desired benefit or minimize the amount of effort needed. There is no solitary approach that can effecti...
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| Format: | Article |
| Language: | English |
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EDP Sciences
2023-01-01
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| Series: | E3S Web of Conferences |
| Subjects: | |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/67/e3sconf_icmpc2023_01267.pdf |
| _version_ | 1827792495304507392 |
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| author | Gonsalves Sheetal Wangde Ismail D’Cunhaa Shilpa Brownil |
| author_facet | Gonsalves Sheetal Wangde Ismail D’Cunhaa Shilpa Brownil |
| author_sort | Gonsalves Sheetal |
| collection | DOAJ |
| description | Any engineering system requires engineers to make numerous managerial and technological decisions during the design, building, and maintenance phases. All such decisions aim to either maximize the desired benefit or minimize the amount of effort needed. There is no solitary approach that can effectively address all optimization problems. As a result, number of optimization techniques have been created to address various optimization problems. Transportation problem (TP) formulation is the most significant programing applications in optimization which is attached to everyday life and used in industries under logistics. This study proposed a new algorithm to obtain a basic feasible solution (BFS) for the maximization TP. The approach outlined in this study yields an initial solution that is close to or optimal in most scenarios. A variety of numerical examples are used to demonstrate the new technique. The proposed technique is effective for analyzing balanced or unbalanced transportation problems with maximization objective function. |
| first_indexed | 2024-03-11T18:03:55Z |
| format | Article |
| id | doaj.art-2e4bb86421de49e092746414a079e427 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-03-11T18:03:55Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-2e4bb86421de49e092746414a079e4272023-10-17T08:47:10ZengEDP SciencesE3S Web of Conferences2267-12422023-01-014300126710.1051/e3sconf/202343001267e3sconf_icmpc2023_01267The solution to the Profit maximization transportation problem using new transportation algorithmGonsalves Sheetal0Wangde Ismail1D’Cunhaa Shilpa Brownil2BSH Department, SVKM’s NMIMS MPSTME, Vile Parle(West)BTech DataScience, SVKM’s NMIMS MPSTME, Vile Parle(West)BSH Department, SVKM’s NMIMS MPSTME, Vile Parle(West)Any engineering system requires engineers to make numerous managerial and technological decisions during the design, building, and maintenance phases. All such decisions aim to either maximize the desired benefit or minimize the amount of effort needed. There is no solitary approach that can effectively address all optimization problems. As a result, number of optimization techniques have been created to address various optimization problems. Transportation problem (TP) formulation is the most significant programing applications in optimization which is attached to everyday life and used in industries under logistics. This study proposed a new algorithm to obtain a basic feasible solution (BFS) for the maximization TP. The approach outlined in this study yields an initial solution that is close to or optimal in most scenarios. A variety of numerical examples are used to demonstrate the new technique. The proposed technique is effective for analyzing balanced or unbalanced transportation problems with maximization objective function.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/67/e3sconf_icmpc2023_01267.pdftransportation problembasic feasible solutionprofit maximizationoptimal solution |
| spellingShingle | Gonsalves Sheetal Wangde Ismail D’Cunhaa Shilpa Brownil The solution to the Profit maximization transportation problem using new transportation algorithm E3S Web of Conferences transportation problem basic feasible solution profit maximization optimal solution |
| title | The solution to the Profit maximization transportation problem using new transportation algorithm |
| title_full | The solution to the Profit maximization transportation problem using new transportation algorithm |
| title_fullStr | The solution to the Profit maximization transportation problem using new transportation algorithm |
| title_full_unstemmed | The solution to the Profit maximization transportation problem using new transportation algorithm |
| title_short | The solution to the Profit maximization transportation problem using new transportation algorithm |
| title_sort | solution to the profit maximization transportation problem using new transportation algorithm |
| topic | transportation problem basic feasible solution profit maximization optimal solution |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/67/e3sconf_icmpc2023_01267.pdf |
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