ANALYSIS OF COST OPTIMIZATION OF PORT OPERATIONS (A LINEAR PROGRAMMING APPROACH)

  • Type: Project
  • Department: Maritime and Transport
  • Project ID: MAT0011
  • Access Fee: ₦5,000 ($14)
  • Pages: 59 Pages
  • Format: Microsoft Word
  • Views: 242
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
ABSTRACT
It is very fundamental that man’s main aim of venturing into businesses of all kinds is to make profit. Though profit tends to grow with time, a better planning, analysis and implementation strategy can in a least expected manner bring efficiency, stability and the much needed profit.
The maritime sector of the Nigerian economy is one that has a lot of resources that are been utilized in the course of its day to day operations. The resources engaged in this sector ranges from human, to finance and technological know-how.
This research study is therefore determined to optimize the cost of port operations in Nigeria with a view to critically analyse it from the perspective of linear programming model. 
The quantitative estimates used here were concerned with the activities associated with the operations of Nigerian ports, the costs and the benefits derived by users of these ports etc. 
A Linear Programming Model as earlier indicated was formulated from the cost components associated with the vessel-port relationships. With the aid of M for Windows Software, an optimal solution was derived. 
Then the result showed indicated the minimum cost of port operations as well as the optimal time frames for the decision variables of port operations under review. 
This provides a basis for future projections so as to determine the range of values of the constraints and decision variables for which the Nigeria port operations could be at minimal cost.


TABLE OF CONTENTS
TITLE PAGE
DEDICATION
ACKNOWLEDGEMENT
ABSTRACT
TABLE OF CONTENTS

CHAPTER ONE
INTRODUCTION
1.2 OBJECTIVES OF THE STUDY 
1.3 STATEMENT OF PURPOSE 
1.4 RESEARCH QUESTION 
1.5 SIGNIFICANCE OF THE STUDY 
1.6 SCOPE OF THE STUDY 
1.7 LIMITATIONS OF THE STUDY
1.8 DEFINITION OF TERMS

CHAPTER TWO
LITERATURE REVIEW 
2.1THE CONCEPT OF COST OPTIMIZATION 
2.2NEED FOR COST OPTIMIZATION STRATEGY 
2.3STEPS IN COST OPTIMIZATION 
PHASE A: PREPARATION 
PHASE B: PRACTICAL EXECUTION:
PHASE C: VERIFICATION OF PROGRESS 
2.4IMPLEMENTATION OF COST OPTIMIZATION STRATEGIES
2.5COST OPTIMIZATION TECHNIQUES AS APPLIED TO THE 
2.6ELEMENT OF COST TRAINING AS A STRATEGY FOR LABOUR COST OPTIMIZATION 
2.5 REDUCTIONS IN LABOUR TURNOVER RATE AS A STRATEGY 
FOR LABOUR COST OPTIMIZATION 
2.7OVERHEAD COST OPTIMIZATION TECHNIQUES COST OPTIMIZATION REPORT 
2.8PROBLEM OF COST OPTIMIZATION STRATEGIES 
REFERENCES

CHAPTER THREE
RESEARCH METHODOLOGY
3.1 SOURCES OF DATA
3.2 METHOD OF DATA ANALYSIS
3.2.1 THE LINEAR PROGRAMMING MODEL
3.2.2 DEFINITION OF THE VARIABLES FOR OBJECTIVE FUNCTION

CHAPTER FOUR
RESULTS AND DISCUSSION
4.1 DATA PRESENTATION AND DESCRIPTION
Table 4.1 Port operations and expenses generated based on averages of different kinds of Cargo
Table 4.2 Linear Programming Model for Nigerian Ports operations
Table 4.3 RANGING Table
Variable definition Table - Table 4.4: Solution List
RESULT DISCUSSION

CHAPTER FIVE
SUMMARY OF FINDINGS, RECOMMENDATIONS AND 
CONCLUSIONS
5.1 SUMMARY OF FINDINGS 
5.2RECOMMENDATIONS
5.3 CONCLUSION 
BIBLIOGRAPHY
APPENDIX

ANALYSIS OF COST OPTIMIZATION OF PORT OPERATIONS (A LINEAR PROGRAMMING APPROACH)
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Maritime and Transport
  • Project ID: MAT0011
  • Access Fee: ₦5,000 ($14)
  • Pages: 59 Pages
  • Format: Microsoft Word
  • Views: 242
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Maritime and Transport
    Project ID MAT0011
    Fee ₦5,000 ($14)
    No of Pages 59 Pages
    Format Microsoft Word

    Related Works

    ABSTRACT It is very fundamental that man’s main aim of venturing into businesses of all kinds is to make profit. Though profit tends to grow with time, a better planning, analysis and implementation strategy can in a least expected manner bring efficiency, stability and the much needed profit. The maritime sector of the Nigerian economy is one... Continue Reading
    ABSTRACT It is very fundamental that man’s main aim of venturing into businesses of all kinds is to make profit. Though profit tends to grow with time, a better planning, analysis and implementation strategy can in a least expected manner bring efficiency, stability and the much needed profit. The maritime sector of the Nigerian economy is one... Continue Reading
    CHAPTER ONE INTRODUCTION Background of the study In many markets, firms compete over time by expending resources with the purpose of reducing their costs. Sometimes, the cost reducing investments operate directly on costs. In many instances, they take the form of developing new products that deliver what customers need more cheaply. Therefore,... Continue Reading
    ABSTRACT The allocation of limited resources and competing demands is the most prevalent problem in organisation. Mathematical programming is the general term for a host of mathematical techniques developed to solve problems involving resource allocation. Linear programming is the most popular and most widely applied technique. Although linear... Continue Reading
    One of the major applications of linear algebra involving systems of linear equations is in finding the maximum or minimum of some quantity, such as profit or cost. In mathematics the process of finding an extreme value (maximum or minimum) of a quantity (normally called a function) is known as optimization . Linear programming (LP) is a branch of... Continue Reading
    What is Linear Programming? A typical optimization problem is to find the best element from a given set. In order to compare elements, we need a criterion, which we call an objective function f(x). The given set is called the feasible set which is usually defined by {x ∈ Rn | gi (x) ≤ 0, i = 1, . . . , m}.... Continue Reading
    Linear programming is a mathematical tool that is used to maximize or minimize a function when constraints are linear. In this project, we considered some examples and applications of linear programming problems.  TABLE OF CONTENTS    Title page  Certification                       Dedication                      ... Continue Reading
    Linear programming is a mathematical tool that is used to maximize or minimize a function when constraints are linear. In this project, we considered some examples and applications of linear programming problems. TABLE OF CONTENTS Title page Certification Dedication Acknowledgements Abstract Table of Contents List of Tables List of Figures CHAPTER... Continue Reading
    ABSTARCT The major aim of this study is to express the viability of statistical procedures in making decisions of production, using the linear programming approach in detecting the best possible decision. The effective use of liner programming has been scarcely used by managers and hence, this study tends to explore the application of linear... Continue Reading
    ABSTARCT The major aim of this study is to express the viability of statistical procedures in making decisions of production, using the linear programming approach in detecting the best possible decision. The effective use of liner programming has been scarcely used by managers and hence, this study tends to explore the application of linear... Continue Reading
    Call Us
    whatsappWhatsApp Us