In case of finance, if you have been looking for finding an optimal solution, the most important method that is taken into consideration is the Stepping Stone Method. In this format, in case of transportation problem, prospect of optimal solution is to be found. Here, there are 3 prospects that are taken into consideration, which includes: Least Cost/Vogel’s Approximation/North Wet Corner Rule).
Coming from the analogy of crossing a pond with help of stones, here the whole table is taken as a pond, where these stones are to be taken as occupied cells. So, as the stones in pond move, quite similarly these cells are also made to change positions and thereby optimal solution can be counted.
Process to do it:
There is a specific process that is followed in this regard:
In this regard certain conditions are followed: