Transportation Model

Transportation Model, available at $19.99, has an average rating of 4.6, with 31 lectures, based on 5 reviews, and has 22 subscribers.

You will learn about Learn the basic concepts and assumptions of transportation model. Learn to formulate a transportation table for a transportation problem. Identify how to find out the basic initial feasible solution for a transportation problem using different methods Complete a case study to review how transportation model is used in the induction process by Navy. Explore different methods such as Vogel's approximation method, Least Cost method, North West Corner rule, Stepping Stone method, Modified distribution method. This course is ideal for individuals who are The course can be useful for students studying operations research, professionals working in IT or Management industry responsible for managing the project. or Professionals working in supply chain management or in finance field. It is particularly useful for The course can be useful for students studying operations research, professionals working in IT or Management industry responsible for managing the project. or Professionals working in supply chain management or in finance field.

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Summary

Title: Transportation Model

Price: $19.99

Average Rating: 4.6

Number of Lectures: 31

Number of Published Lectures: 31

Number of Curriculum Items: 31

Number of Published Curriculum Objects: 31

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

Learn the basic concepts and assumptions of transportation model.
Learn to formulate a transportation table for a transportation problem.
Identify how to find out the basic initial feasible solution for a transportation problem using different methods
Complete a case study to review how transportation model is used in the induction process by Navy.
Explore different methods such as Vogel's approximation method, Least Cost method, North West Corner rule, Stepping Stone method, Modified distribution method.

Who Should Attend

The course can be useful for students studying operations research, professionals working in IT or Management industry responsible for managing the project.
Professionals working in supply chain management or in finance field.

Target Audiences

The course can be useful for students studying operations research, professionals working in IT or Management industry responsible for managing the project.
Professionals working in supply chain management or in finance field.

A transportation model is a mathematical tool used to optimize the distribution of goods between various sources and destinations. It is a powerful tool that can help businesses reduce costs, improve customer service, and maximize their operations.

Understand What a Transportation Model Is and How It Works. A transportation model is a mathematical tool used to optimize the movement of goods from sources and locations to their destinations. The goal of this type of optimization is to minimize total costs while balancing customer service expectations. It considers various constraints such as shipment size, availability of transport capacity, cost structures, and others. By understanding the fundamentals of a transportation model, businesses can make more informed decisions and increase their operational efficiency.

Transportation models are also beneficial in helping businesses analyze their current supply chain and identify potential areas of improvement or cost savings. They can be used to better understand the trade-offs between speed and cost, as well as customer service levels. Additionally, they can assist when deciding whether a long-term investment in a particular carrier or mode is worth the cost, in addition to optimizing production scheduling and inventory management practices. Ultimately, transportation models provide supply chain managers with insights that could transform the way they approach logistics operations.

In this course, you will learn different methods to solve the problem related to a transportation model. These methods includes North West Corner Method (NWCM), Least Cost Method (LCM), Vogel’s Approximation Method (VAM), Optimality test, Modified distribution method, Stepping stone method.

Course Curriculum

Chapter 1: Introduction and different methods of Transportation model

Lecture 1: Transportation model – Concepts

Lecture 2: Transportation model – Assumptions

Lecture 3: Transportation model – Procedural Steps

Lecture 4: TM – Step 1 – Formulation of transportation table

Lecture 5: TM – Step 2a – North West Corner rule

Lecture 6: TM – Step 2b – Least Cost method

Lecture 7: TM – Step 2c – Vogels approx method

Lecture 8: TM – Step 3 – Acceptability test

Lecture 9: TM – Step 4a – Stepping Stone method

Lecture 10: TM – Step 4b – Modified distribution method

Lecture 11: TM – Step 5a – Iterate towards optimality using SSM

Lecture 12: TM – Step 5b – Iterate towards optimality using MODI

Lecture 13: Transportation model – Case Study

Chapter 2: Examples of Transportation model

Lecture 1: TM – Example 1 – North West Corner Method (NWCM)

Lecture 2: TM – Example 2 – Least Cost Method (LCM)

Lecture 3: TM – Example 3 – Vogel's Approximation Method (VAM)

Lecture 4: TM – Example 4 – North West Corner Method (NWCM)

Lecture 5: TM – Example 5 – Least Cost Method (LCM)

Lecture 6: TM – Example 6 – Vogel's Approximation Method (VAM)

Lecture 7: TM – Example 7 – NWCM, LCM, VAM

Lecture 8: TM – Example 8 – Vogel's Approximation Method (VAM)

Lecture 9: TM – Example 9 – Optimality test

Lecture 10: TM – Example 10 – Unbalanced (Part 1)

Lecture 11: TM – Example 10 – Unbalanced (Part 2)

Lecture 12: TM – Example 11 – Unbalanced transportation problem

Lecture 13: TM – Example 12 – Prohibited route problem (Part 1)

Lecture 14: TM – Example 12 – Prohibited route problem (Part 2)

Lecture 15: TM – Example 13 – Alternate optimal solution

Lecture 16: TM – Example 14 – Degeneracy (Part 1)

Lecture 17: TM – Example 14 – Degeneracy (Part 2)

Lecture 18: TM – Example 15 – Maximization objective

Instructors

Maxusknowledge Team
Instructor

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4 stars: 1 votes
5 stars: 3 votes

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