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Evaluation of Port Operations Cost Optimization

Evaluation of Port Operations Cost Optimization

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Reference ID: PS-557-TM


This research work titled "Evaluation of Port Operations Cost Optimization" is dedicated to God for his enabling grace and to all computer enthusiasts who help to make life a pleasant experience.



I owe my indebtedness to my Supervisor (Name of your Supervisor), the Head of Department (Name of your HOD), the Lecturers in the department of Transport Management Technology, Book Authors and Profound Scholars of existing/related research material for your moral support that facilitated the successful completion of my (Tertiary Institution level). I am grateful to God Almighty and my parent for their financial support in my career. I really appreciate you all for everything, Thank you very much.


Evaluation of Port Operations Cost Optimization



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
Literature Review
2.1 The Concept Of Cost Optimization
2.2 Need For Cost Optimization Strategy
2.3 Steps In Cost Optimization
Phase A: Preparation
Phase B: Practical Execution:
Phase C: Verification Of Progress
2.4 Implementation Of Cost Optimization Strategies
2.5 Cost Optimization Techniques As Applied To The
2.6 Element Of Cost Training As A Strategy For Labour Cost Optimization
2.5 Reductions In Labour Turnover Rate As A Strategy For Labour Cost Optimization
2.7 Overhead Cost Optimization Techniques Cost Optimization Report
2.8 Problem Of Cost Optimization Strategies
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
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
Summary Of Findings, Recommendations AndConclusions
5.1 Summary Of Findings
5.2 Recommendations
5.3 Conclusion
Analysis Of Cost Optimization Of Port Operations (A Linear Programming Approach)



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.


Evaluation of Port Operations Cost Optimization


1.1 Introduction

… As a prelude to other parts of this study, this chapter will discuss the background upon which this study was initiated, the statement of problems that led to this study, the Aim and Objectives of the study. Others are Significance of the study, Scope of work, Research hypothesis and questions, Limitation of the study and Definition of technical terms.


2.0 Literature Review

2.1 Introduction

This chapter focuses on the review of related literature. A literature review includes the current knowledge as well as theoretical and methodological contributions to a particular topic. It documents the state of the art with respect to the topic you are writing. It surveys the literature in the topic selected. In this research work the literature review includes the …

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