Enyi , P. E.
MAXIMISING PROFITS FROM PASSENGER TRANSPORT SERVICE
USING TRANSPORTATION MODEL ALGORITHM.
Journal of Management and Enterprise Development, 5 (4).
The diversity and complexity of the different types of passenger transportations in
operation today invokes the need for an efficient transport service management
system. Existing transportation models tend towards proffering solution for finding
the least cost combination for delivering cargoes from various depots to known
remote customer destinations. This paper looks at the possibility of adopting and or modifying the existing model for use in the management of passenger transport services. A preliminary investigation using the Nigerian private transport sector management practices situation show that inability to apply scientific based approach to vehicle capacity assignment and passenger volume projection stands in the way of profit maximization for most indigenous transport companies. The paper clearly suggests that adopting the transportation model algorithm for estimating the best vehicle assignment method to routes will optimize operational decisions.
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