- Research Article
12
- 10.1080/02331939408843970
An algorithm for the optimum time-cost trade-off in fixed-charge bi-criterion transportation problem bi-criterion transportation problem
- Jan 01, 1994
- Optimization
- M Basu + 2 more +2
The fixed-charge transportation problem is an extension of the classical transportation problem in which a fixed cost, sometimes called a setup cost, is incurred for every origin. In this paper, an algorithm is presented to find the optimum time-cost trade-off pair in a fixed-charge bi-criterion transportation problem giving the same priority to both time and cost. The algorithm identifies efficient time-cost trade-off pairs and thereby arrives at the conclusion that among the trade-off pairs, the optimum trade-off pair has the minimum D1-distance from the ideal point. A numerical example is given to illustrate the developed algorithm
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