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Application of Transportation Model
In the direct logic, the transportation model looks for the determination of a transportation plan of a particular commodity from a number of sources to a number of destinations. The data of the model comprise:
(1) The level of supply at each source and quantity of demand at each destination.
(2) The unit transportation cost of the commodity from each and every source to each and every destination.
As there is only one commodity, a destination can accept its demand from one or more sources. The purpose of the model is to establish the amount to be shipped from each source to each destination, and hence the total transportation cost is reduced.
Illustration: ABC analysis Combine items on the basis of their relative value to form three categories—A, B and C. The data in the table below illustrates the ABC analysis.
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definition and illustrations
Transition probabilities These are the probabilities of moving from one state to another in the next time period. Usually they are written in the form of a probability matrix.
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