Research Paper
Year: 2022 | Month: November | Volume: 9 | Issue: 11 | Pages: 96-99
DOI: https://doi.org/10.52403/ijrr.20221116
Model Employing the VAM-MODI Method for Risk Management in the Transportation of Commodities
Mohammed Zeeshan A1, Apoorva Subash2, Ankitha C S3, Dr. Vivekanand S. Gogi4
1,2,3Master’s student, Department of Electronics and Communication Engineering, R.V College of Engineering, Affiliated to Visveswaraya Technological University, Bangalore, India
4Assistant Professor, Department of Electronics and Communication Engineering, R.V College of Engineering, Affiliated to Visveswaraya Technological University, Bangalore, India
Corresponding Author: Mohammed Zeeshan A
ABSTRACT
One of the key concerns for every industry in regards to delivering items to their intended recipients safely and on schedule is transport risk management. Both damaged items and late shipments cost the company money and impair the company's reputation. All approach for transportation needs to be comfortable in order to guarantee that the commodities will arrive without harming the items, on schedule, and cost effectively. In this article, we uncover a few common dangers that could affect all kinds of routes, such as highways, waterways, airports, railways, and so on. Further, we suggested a method for solving a transportation problem utilizing VAM-MODI method (Vogel's Approximation Method-Modified Distribution). Lastly, utilizing a multi-optimality approach to the itransportation problemi, wei lower thei hazards byi reducing the potential numberi ofi transportationi routesi.
Keywords: VAM, MODI, transportation problem.
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