Operations Research(OR) Tutorial #4: MODI Method Explained in 3 Easy Steps!

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Topics explained in this video-
i) Concept of Supply & Demand in Transportation Problem
ii) Allocation cost and transportation cost
iii) Definition of Modified Distribution Method or MODI Method
iv) How to calculate Initial Basic Feasible Solution or IBFS of a Transportation Problem?
v) Checking for Degeneracy
vi) Performing Optimality Test for Occupied Cells or Basic Cells by ui+vj method
vii) Calculating Opportunity Cost for Un-Occupied Cells or Non-Basic Cells by Delta ij method
viii) Rules for calculating Opportunity Cost in MODI Method
ix) Looping and Reallocation in Transportation Problem
x) Rules for making Loops
xi) Checking for optimality for the newly formed cost matrix
xii) Calculating Optimal Transportation Cost
xiii) Comparing results of North West Corner Rule(NWCR) and MODI Method
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