Global optimal vessel capacity for LNG production and transportation

Chinemerem Igboanusi (1) , Harrison Obiora Amuji (2) , Obioma G. Onukwube (3) , Nwosu Azuwueze Chikadibia (4)
(1) Department of Transport Management Technology, Federal University of Technology, Owerri Imo State Nigeria , Nigeria
(2) Department of Transport Management Technology, Federal University of Technology, Owerri Imo State, Nigeria , Nigeria
(3) Department of Statistics, Federal University of Technology, Owerri, Imo State, Nigeria , Nigeria
(4) Department of Infrastructure Development, Ministry of Niger Delta Affairs, Abuja Nigeria , Nigeria

Abstract

In this paper, we developed a linear programming model to determine the volume of vessels that will give an optimal return on investment. The solution to the developed model was carried out using the Interior Point algorithm with the help of the MATLAB package. The analysis shows that the production and transporting of the LNG with a vessel of capacity 178,5006m3 would give an optimal profit of 633,640 million USD. And from the results of the analysis, we observed that the decision to take the maximum modern capacity instead of lower capacities yields the highest profit.

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Authors

Chinemerem Igboanusi
Harrison Obiora Amuji
harrison.amuji@futo.edu.ng (Primary Contact)
Obioma G. Onukwube
Nwosu Azuwueze Chikadibia
Author Biographies

Chinemerem Igboanusi, Department of Transport Management Technology, Federal University of Technology, Owerri Imo State Nigeria

 

 

Obioma G. Onukwube, Department of Statistics, Federal University of Technology, Owerri, Imo State, Nigeria

 

 

Nwosu Azuwueze Chikadibia, Department of Infrastructure Development, Ministry of Niger Delta Affairs, Abuja Nigeria

 

 
Igboanusi, C., Amuji, H. O., Onukwube, O. G., & Chikadibia, N. A. (2022). Global optimal vessel capacity for LNG production and transportation. Journal of Sustainable Development of Transport and Logistics, 7(1), 82–89. https://doi.org/10.14254/jsdtl.2022.7-1.7

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