Open AccessModeling of Mono-Commodity Multi-Location Linear Programming Techniques for Determining Optimum Transportation Network of a Manufacturing Industry
Author(s) -
K. A. Adedeji,
Segbenu Joseph Zosu,
DUDUYEMI Oladejo Samuel
Publication year - 2021
Publication title -
international journal of research and review
Language(s) - English
Resource type - Journals
eISSN - 2454-2237
pISSN - 2349-9788
DOI - 10.52403/ijrr.20211220
Subject(s) - commodity , flow network , profit (economics) , linear programming , computer science , product (mathematics) , transportation theory , software , operations research , transport engineering , engineering , business , economics , mathematical optimization , mathematics , microeconomics , geometry , finance , algorithm , programming language
This research on Modeling and Application of Mono-Commodity Multi-Location Linear Programming Techniques For Determining Optimum Transportation Network was carried out at a Manufacturing Industry in Lagos, which comprises of two plants, three depots and twenty retailers axis. The model was analyzed using Micro Soft Excel Software. The analysis to determine the optimal transportation network was carried out in two phases by considering numbers of truckload transported and each commodity from plants to depots and depots to retailers and their optimals. It was discovered that the existing practices transportation cost for truckloads moving from plant to retailers is N3,544,000,000,000 and when optimized, cost is N1,932,650,000,000 while considering each product the optimized transportation cost is N1,871,065,369,000. This implies that the transportation network generated considering each product will yield 47.2% gain in profit than existing network. Hence, it is recommended that mono-commodity multi-location transportation network be used. Keywords: [EXCEL Software, Mono-Commodity Multi-Location Model, Transportation Cost, Transportation Model, Transportation Network.].