Question
Love-Drive-line (LDL) is a new Transportation Company owned established to facilitate the transportation within the different countries of the GCC. As starting stage for this
Love-Drive-line (LDL) is a new Transportation Company owned established to facilitate the transportation within the different countries of the GCC. As starting stage for this project, a plan for transportation line includes four of the GCC countries: Bahrain, Kuwait, Saudi Arabia and Qatar was established. They have one trip per day and only if there are 6 customers or more. After six months the manager of the company has met with the shareholders to investigate the situation of their company. As a result of their investigation the following information has been provided:
- Information on each trip, expenses and fees
Destination | From | to | Fee/trip (BD) |
1 | BAH | SUD | 10 |
2 | BAH | KWT | 15 |
3 | KWT | BAH | 12 |
4 | KWT | SUD | 20 |
5 | SUD | BAH | 12 |
6 | SUD | KWT | 25 |
Vehicle/ type | Capacity (Person) | Fuel/trip/Day in BD | Maintenance/day In BD |
Mini Bus | 6 | 60 | 70 |
Car | 4 | 40 | 40 |
Van | 20 | 50 | 60 |
- Information on the number and capacity of the cars and buss available in the company:
1 | 1 | 2 | 2 | 1 | 1 | 1 | 6 | 4 | 3 |
6 | 3 | 3 | 3 | 3 | 3 | 3 | 2 | 5 | 6 |
6 | 3 | 5 | 5 | 5 | 1 | 5 | 6 | 2 | 1 |
3 | 2 | 2 | 2 | 3 | 3 | 2 | 2 | 2 | 1 |
2 | 3 | 3 | 4 | 4 | 5 | 6 | 6 | 2 | 1 |
- Information on the daily trip that has been conducted in the previous six months:
- The monthly customers are normally distributed with a mean on 200 customers and a Standard Deviation of 30.89.
- Use the given information and develop a risk analysis model for the monthly profit of the company (30 Trials).
- Do you think that this is a profitable project?
- Which trip is the most frequently run by the company?
- Which is the costliest trip based on your model?
- How many times the company will cancel their trips?
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