Abstract:Purpose: This study aims to reduce the fuel costs, which constitute the largest share of total cost that airline companies have, with extra fuel transportation.
Methodology: A nonlinear programming model has been developed for tankering application that takes advantage of the different fuel prices at the airports. General Reduced Gradient Method (GRG) is used to solve the generated nonlinear programming problem. MS EXCEL solver add-in is used to solve the problem.
Findings: In the application par… Show more
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