A combined transportation problem for two oil firms based in the Greater Accra Region
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Date
1994-09-27
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Abstract
This project involves the use of optimization techniques in solving the transportation problem of two large marketing firms.
The problem involves finding the cheapest way of transporting or shipping the firm’s commodity from their sources of supply to their destinations. The identity of each of the firms is not disclosed since this was the condition for the supply of data. A special purpose algorithm that is more efficient and intuitive than the Simplex Method is discussed and used to solve the transportation problem for each one of the firms separately and the transportation problem for the two firms put together and the results compared. It turned out on the average that the minimum cost of the combined transportation problem was less by over fifteen million cedis per month as compared to the sum of the minimum costs for each of the firms.
Description
A thesis submitted to the Board of Postgraduate Studies, Kwame Nkrumah University of Science and Technology, Kumasi, in partial fulfilment of the requirement for the award of the Degree of Master of Science in Mathematics, 1994