Modelling the Distribution Of Banknotes By Bank of Ghana as a Transshipment Problem

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The transportation problem is a special class of the linear programming problem. It deals with the situation in which a commodity is transported from Sources to Destinations. The transshipment problem is an expansion of the transportation problem where intermediate nodes which are also referred to as transshipment nodes are added to account for locations such as warehouses. My main objective is to model Bank of Ghana’s transportation of Banknotes as a transshipment problem and also minimize the cost in transportating them. I will formulate the Transshipment problem as a Transportation problem and use the Transportation algorithm to solve it. The Quantitative Method (QM) Software will be used to analyze the data. I conclude that if Bank of Ghana adapts this method, the cost of transporting Banknotes will be minimized.
A Thesis submitted to the Department of Mathematics, Institute of Distance Learning, Kwame Nkrumah University of Science and Technology in partial fulfillment of the requirement for the degree of Master of Science in Industrial Mathematics.