Global optimal vessel capacity for LNG production and transportation-Reference-Cited by-同舟云学术

Global optimal vessel capacity for LNG production and transportation

Published:2022-04-25 Issue:1 Volume:7 Page:82-89
ISSN:2520-2979
Container-title:Journal of Sustainable Development of Transport and Logistics
language:en
Short-container-title:

Author:

Igboanusi Cninemerem¹,Amuji Harrison Obiora¹^ORCID,Onukwube Obioma G.²^ORCID,Chikadibia Nwosu Azuwueze³

Affiliation:

1. Department of Transport Management Technology, Federal University of Technology, Owerri Imo State Nigeria

2. Department of Statistics, Federal University of Technology, Owerri, Imo State, Nigeria

3. Department of Infrastructure Development, Ministry of Niger Delta Affairs, Abuja Nigeria

Abstract

In this paper, developed a linear programming model to determine the volume of vessels that will give an optimal return on investment. The solution to the developed model was carried out using the Interior Point algorithm with the help of the MATLAB package. The analysis observed that the production and transporting of the LNG with a vessel of capacity 178,5006m3 would give an optimal profit of 633,640 million USD. And from the results of the analysis, we observed that the decision to take the maximum modern capacity instead of lower capacities yields the highest profit.

Publisher

Centre of Sociological Research, NGO

Subject

Rehabilitation,Physical Therapy, Sports Therapy and Rehabilitation,General Medicine

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