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THE TRANSPORTATION PROBLEM WITH STOCHASTIC DEMAND.

Authors :
Szwarc, Wlodzimierz
Source :
Management Science; Sep64, Vol. 11 Issue 1, p33-50, 18p
Publication Year :
1964

Abstract

The transportation problem with stochastic demand is considered when penalties are paid for each oversupplied and undersupplied unit of product. The transportation plan minimizing the total transportation costs plus total expected penalty cost of both kinds is to be found. The paper presents a method of solution which is preceded by a development that replaced the original cost function with a controlled linear approximation. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00251909
Volume :
11
Issue :
1
Database :
Complementary Index
Journal :
Management Science
Publication Type :
Academic Journal
Accession number :
7025917
Full Text :
https://doi.org/10.1287/mnsc.11.1.33