Least Cost Method for Transportation | Operational Research

In this video, we'll explore the Least Cost Method for Transportation, a fundamental concept in Operational Research. This method is used to find the optimal solution for transporting goods from multiple sources to multiple destinations at the lowest possible cost. By applying linear programming techniques, we can minimize costs and make data-driven decisions to improve the efficiency of transportation systems. We'll dive into the step-by-step process of solving a transportation problem using the Least Cost Method, and discuss its applications in real-world scenarios. If you're interested in learning more about transportation optimization and operations research, this video is for you!