Economics, Econometrics and Finance
8 years ago

Optimizing Inland Water Transport Boosts Profit for Companies.

Mediterranean Journal of Social Sciences
Application of Optimization Models in Prediction of Inland Water Transport Organizations' Profit
В. Н. Нестеров, D. V. Neizvestnaya

Paper Summary

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The article discusses how transport organizations can maximize profit by optimizing the allocation of resources. The researchers suggest using the time vessels spend on different activities as constraints for optimization. They show an example of how this approach can be used to maximize profit in inland water transport organizations.