We introduce a novel Conceptual Framework for finding approximations to both Minimum Weight Triangulation (MWT) and optimal Traveling Salesman Problem (TSP) of planar point sets. MWT is a classical problem of Computational Geometry with various applications, whereas TSP is perhaps the most researched problem in Combinatorial Optimization. We provide motivation for our research and introduce the fields of triangulation and polygonization of planar point sets as theoretical bases of our approach, namely, we present the Isoperimetric Inequality principle, measured via Compactness Index, as a key link between our two stated problems. Our experiments show that the proposed framework yields tight approximations for both problems.