A Minimax Regret Solution to a Transportation Problem for Handling Future Uncertainties

Abstract

In this article we consider the case of a manufacturing firm which has several production centres providing finished goods to several warehouses. Both the manufacturing cost at each production centre as well as the cost of transportation between the production centres and warehouses will vary (typically due to different labour costs or because of varying distances between the production centres and warehouses). The objective is to determine the optimal allocation of goods between the production centres and warehouses which minimises the total production and transportation costs.

Citation

Goldstein, Z. (1996), "A Minimax Regret Solution to a Transportation Problem for Handling Future Uncertainties", Management Research News, Vol. 19 No. 11, pp. 79-87. https://doi.org/10.1108/eb028508