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Abstract

Novel Research in Sciences

Nautical Solutions to Shipments for Internally Displaced Persons in Selected African Countries: A Profit Maximization Scenario

  • Open or CloseNzeIC*

    Department of Maritime Management Technology, Federal University of Technology, Owerri. Nigeria

    *Corresponding author:Nze IC, Department of Maritime Management Technology, Federal University of Technology, Owerri. Nigeria

Submission: October 10, 2020;Published: November 05, 2020

Abstract

This paper aims to demonstrate the application of a linear programming (LP) model to solvingreal life resource allocation problem in a maritime organization and accrued profits derived from shipments to Internally Displaced Persons (IDPs) in selected African countries, from the United Nations (UN) agency programme- The World Food Programme (WFP) and the Food and Agricultural Organization (FAO), so as to create scenarios on supplies and profit maximization for each country with respect to the resource and operational constraints of Fuel utilization, Shipping cost and Depreciation cost. Results from the formulated LP model show evidence of originality of the data for the model which was solved with Excel solver software to give an optimal Z value of $11.76471 per unit of shipment payment. This justifies the viability of shipment to Nigeria as more profitable- than to the other countries- for the shipping Line with a profit of $8,910,259.The results further reveals profit scenarios for the other countries as:-,-,-,and – for Sudan, Madagascar, Somalia and Namibia respectively. The paper concludes that profit maximization is achievable with optimal resource allocation, and thus recommends the application of LP as a veritable tool for strategic decision making in maritime organizations and nautical science studies at large

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