Write short notes on: (a) Vogel's Approximation Method (VAM) (b) Objectives of operations research [0+2.5+2.5]

Definition: Vogel's Approximation Method is an improved initial solution technique for the Transportation Problem that generally produces a better starting solution than the North-West Corner Method or Least Cost Method. Principle: VAM is based on the concept of "penalty" or "regret." It penalize...