Time Optimization Transportation Problem with Minimum Cost Penalty

Abstract

Time-optimized transportation the problem deals with cost as well as time minimization for the transportation of the goods from the source. Recognizing the need for a more versatile approach that considers both time and cost optimization objectives, this paper introduces a novel TOMCP algorithm. The proposed algorithm aims to provide an optimum solution for the transportation problem by concurrently minimizing both time and cost variables. By bridging the gap between traditional methods, the research contributes to a more comprehensive and adaptable framework for addressing transportation problems in real-world scenarios.