Vehicle routing problems (VRPs) have usually been studied with a single objective function defined by the distances associated with the routing of vehicles. The central problem is to design a set of routes to meet the demands of customers at minimum cost. However, in real life, it is necessary to take into account other objective functions, such as social functions, which consider, for example, the drivers' workload balance. This has led to growth in both the formulation of multiobjective models and exact and approximate solution techniques. In this article, to verify the quality of the results, first, a mathematical model is proposed that takes into account both economic and work balance objectives simultaneously and is solved using an exact method based on the decomposition approach. This method is used to compare the accuracy of the proposed approximate method in test cases of medium mathematical complexity. Second, an approximate method based on the Iterated Local Search (ILS) metaheuristic and Decomposition (ILS/D) is proposed to solve the biobjective Capacitated VRP (bi-CVRP) using test cases of medium and high mathematical complexity. Finally, the nondominated sorting genetic algorithm (NSGA-II) approximate method is implemented to compare both medium- and high-complexity test cases with a benchmark. The obtained results show that ILS/D is a promising technique for solving VRPs with a multiobjective approach.