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Title: Spatial optimisation of the fuel purchase decision for road transport undertakings
Authors: Raghuram, G.
Keywords: Fuel purchase;Road transport
Issue Date: 22-Mar-2010
Series/Report no.: WP;1991/995
Abstract: Road transport undertakings in India have been spending approximately between 15-20 % of their total expenses on fuel. Given the fact that they visit different towns and sometimes even different states, the fuel which is available at different prices could be purchased in a way that the fuel cost is optimized. A network model, algorithms and linear programming formulations are presented for this problem in order to decide how much fuel should be purchased at the different towns that a bus visits as part of its vehicle duty schedule. The model presented minimizes the fuel costs for a given amount of fuel to be consumed, taking advantage of spatial price differences.
Appears in Collections:Working Papers

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