Optimizing the transport using costs and time criteria

Considering the need of every business company, which is managed rationally, to maintain high levels of efficiency, a special attention should be paid on all the costly activities, some of them concerning the transportation of material flows. These needs are covered by different scientific methods with the most popular of them concerning the application of the transportation problem model. Considering the specific needs of each particular economic system, a modification of that model is presented in this paper, accounting both indicators - transportation time and transportation costs. In order to demonstrate the effect of the application of the model, an approbation with exemplary numerical data is given