Quantitative Decision Making-Transportation and Assignment Models

The term balanced transportation problem is referred to the situation when the total supply of a particular product equals the total demand of it. Transportation Problem is the name given to shipment of a product between the place of production and its destination. The transportation of numerous amounts of similar products is the main objective of transportation problem which are primarily stocked up at an assortment of origins and to a number of destinations in order to keep the total cost of transportation as minimum as possible (Jacobs and Chase, 2008).