Definition
The LeastCoast Method is another method
used to obtain initial feasible solution for the transportation
problem.
Here, The allocation begins with the cell which has the
minimum cost. The lower cost cells are chosen over the cost
cell which the objective to have the least cost of
transportation.
4.
Uses At
Factories
Warehouses
Stakeholders
For achieve unique mission and goals
of agencies
5.
Steps
1.Identify the cellwith the lowest cost
2.Allocate as many units as possible to that cell without
exceeding supply or demand; then cross out the row or
column (or both) that is exhausted by this assignment
3. Find the cell with the lowest cost from the remaining
4. Repeat steps 2 and 3 until all units have been allocated
Advantages
This methodprovides accurate solution as transportation
cost is consider while making allocation.
It is very simple & easy to calculate
optimum solution
under this method.
8.
Disadvantages
This methoddoes not follow step by Step rule for
obtaining optimal solution.
This method is based on the selection through personnel
observation when three is tie in the minimum cost it does
not follow any systematic rule.