Earnings Maximisation in the Public Transport Business Sector Through the Adoption of Electronic Fare Payment System
- Author
- Matombo, Tanaka
- Title
- Earnings Maximisation in the Public Transport Business Sector Through the Adoption of Electronic Fare Payment System
- Abstract
-
This work utilized the concept of Simplex algorithm; an aspect of linear programing for the
purpose of finding the optimal way that a Public transport operator can maximize earnings given
that they have adopted electronic fare payment system. The objectives of this research project
were, to find a fare payment method which can substitute cash payment, maximising the daily
earnings made by the public transport service providers per trip if they adopt electronic fare
payment. The data collected was analysed using the quantitative methods and a linear
programming model was used to analyse the data using the Rglpk and LinProg solvers on R. The
results of the final modelling showed that if transport operators utilise electronic fare payment and
carrying only 6 passengers destined to Waterworks the operator will achieve optimality in earnings
of $4.30769.
- Date
- 2022
- Publisher
- BUSE
- Keywords
- Earnings Maximisation
- Public Transport Business Sector
- Supervisor
- Miss Hlupo
- Item sets
- Department of Statistics and Mathematics
