Please use this identifier to cite or link to this item:
http://ir.library.ui.edu.ng/handle/123456789/2779
Title: | Primal-dual links to spatial equilibrium market model for palm oil in Nigeria |
Authors: | Nwauwa, L. O. E. Adenegan, K. O. Rahji, M. A. Y. Olaniyi, O. Z. |
Keywords: | Market Integration, Nigeria, Optimal Allocation, Palm Oil, Primal-Dual, Transportation Cost |
Issue Date: | 2016 |
Publisher: | International journal of operations research and information systems |
Abstract: | "Distribution of agricultural produce is undertaken to bridge the gap between production and consumption arising due to spatial separation between areas of surplus and deficit. An investigation of primal-dual links to spatial equilibrium model and integration of palm oil markets in Nigeria was carried out using transportation model. Two-stage sampling technique was used to collect data from 3 markets and 276 distributors. Data were analyzed using linear programing model. Average cost of transportation per mode was bus (N17, 173), truck (N 10,357) and lorry (N5,831 ) respectively. Total transportation cost of N347,809,600.6k was observed compared to a minimized objective cost of NI42,536,800.30k produced by the program. Highest optimal allocation to the destination markets using the different mode of transportation were Port Harcourt-Lagos by lorry (103,200 MT), Owerri- Maiduguri by truck (21,200 MT) and Ondo-Lagos by bus (19,800 MT) respectively. Subsidized cost of public transport facilities will reduce high cost of transportation. " |
URI: | http://ir.library.ui.edu.ng/handle/123456789/2779 |
ISSN: | 1947-9328 |
Appears in Collections: | scholarly works |
Files in This Item:
File | Description | Size | Format | |
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(51)ui_art_nwauwa_primal-dual_2016.pdf | 3.07 MB | Adobe PDF | View/Open |
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