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METHOD FOR OPTIMIZING A TRANSPORTATION SCHEME

  • US 20100287073A1
  • Filed: 04/29/2010
  • Published: 11/11/2010
  • Est. Priority Date: 05/05/2009
  • Status: Abandoned Application
First Claim
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1. A method for transporting bulk materials, comprising:

  • (I) receiving a data set comprising;

    (a) an identification of a plurality of supply locations and a plurality of demand locations;

    (b) for each supply location, information relating to its physical location and bulk material availability;

    (c) for each demand location, information relating to its physical location and bulk material requirements;

    (d) an identification of a fleet of vehicles for transporting bulk materials from the supply locations to the demand locations, and information relating to the availability, cost, and capacity of each vehicle;

    (e) for each type of bulk material, information relating to the economic value of the type of bulk material according to its potential dispositions;

    (f) information relating to the cost of transporting the bulk materials;

    (II) formulating a mathematical model comprising an objective function for net profit margin and a plurality of constraints;

    wherein the objective function includes decision variables relating to supply nomination parameters, allocation of the supply of bulk materials to the requirements at the demand locations, and voyages by the vehicles between the supply locations and the demand locations;

    (III) populating the mathematical model with data from the data set or parameters calculated using data from the data set;

    (IV) obtaining one or more solutions to the mathematical model; and

    (V) physically transporting the bulk materials based upon a solution to the mathematical model.

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