This paper, presents an efficient algorithm that solves such a large class of optimization problems. Ford-Fulkerson determines the maximum flow in a network by iteratively augmenting flow paths until no further improvement is possible. On the other hand, Dijkstra's algorithm excels in finding the shortest path in a weighted graph, making it suitable for minimizing costs in network traversal. However, this paper simultaneously optimizes both objectives (flow and cost) dependently in unique iterations by considering all constraints and objectives holistically. The aim of this work is to develop efficient algorithms that can handle complex optimization problems in transportation, network design, and other fields, ultimately improving resource utilization and minimizing costs as its crucial for enhancing decision-making processes, improving efficiency in resource utilization, and achieving cost savings in diverse applications ranging from transportation networks to production planning. This paper deals about formulating the linear programming for the optimizations problems and finding the maximum amount of flow that can be sent from a source node to a sink node while minimizing the total cost of sending that flow by using simplex method (Two phase method). Through computational experiments and case studies, everybody demonstrate the effectiveness and efficiency of the proposed approach in solving real-world network flow problems. Our method yields efficient algorithms with in smallest numbers of iterations and time that enable the optimal allocation of resources within networks, achieving both maximum flow and minimum cost simultaneously.