engleski

Fractional Programmiing in Optimization the Operation Efficiency of Shipowner

The paper aims at presenting the application of linear fractional programming in determining profitability as an index of operation efficiency. The mathematical model addressing the problem of cargo transport by a container ship on a selected route, where, certain number of containers of various masses and types are chosen out of the total number of containers available in the port of loading in order to achieve the maximum transport profitability, provided maximum payload and transport capacity of container ship, is formulated. The model was tested on real-life example of feeder ship "Lipa" owned by "Lošinjska plovidba", Rijeka, and operating on the Rijeka-Gioia Tauro route.

linear fractional programming; profitability; transport by container ship

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