Question

What is a transportation problem how is it useful in business and industry?

Answer 1

Transportation problem is type of linear programming problem which is focused at transporting the goods and services at a minimum cost or time.

It involves the details of various sending and receiving locations aimed at designing a formula which will give the best possible results.

It is very useful in business and industry for maximization of profit, reducing the transportation time and ensuring safe delivery of goods.

Answer 2

The transportation problem involves the distribution of goods from the manufacturing units to the warehouse, retailers, or the customers. These are very useful for business and the industries since it is a useful method that is used for the supply and distribution of goods to the final end-users.  

Explanation:

• The main objective of any business organization is the transfer of goods from different locations to the customers.  

• The transportation problems can be categorized according to their demand for the goods and their supply to the final destinations.  

• The objective of transportation is to minimize the costs of transporting goods and maximizing the profits of the company.

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