LAPSE:2023.32414
Published Article
LAPSE:2023.32414
Economic Development Based on a Mathematical Model: An Optimal Solution Method for the Fuel Supply of International Road Transport Activity
Melinda Timea Fülöp, Miklós Gubán, György Kovács, Mihály Avornicului
April 20, 2023
Due to globalization and increased market competition, forwarding companies must focus on the optimization of their international transport activities and on cost reduction. The minimization of the amount and cost of fuel results in increased competition and profitability of the companies as well as the reduction of environmental damage. Nowadays, these aspects are particularly important. This research aims to develop a new optimization method for road freight transport costs in order to reduce the fuel costs and determine optimal fueling stations and to calculate the optimal quantity of fuel to refill. The mathematical method developed in this research has two phases. In the first phase the optimal, most cost-effective fuel station is determined based on the potential fuel stations. The specific fuel prices differ per fuel station, and the stations are located at different distances from the main transport way. The method developed in this study supports drivers’ decision-making regarding whether to refuel at a farther but cheaper fuel station or at a nearer but more expensive fuel station based on the more economical choice. Thereafter, it is necessary to determine the optimal fuel volume, i.e., the exact volume required including a safe amount to cover stochastic incidents (e.g., road closures). This aspect of the optimization method supports drivers’ optimal decision-making regarding optimal fuel stations and how much fuel to obtain in order to reduce the fuel cost. Therefore, the application of this new method instead of the recently applied ad-hoc individual decision-making of the drivers results in significant fuel cost savings. A case study confirmed the efficiency of the proposed method.
Keywords
cost function, mathematical programming, optimal fuel supply, Optimization
Suggested Citation
Fülöp MT, Gubán M, Kovács G, Avornicului M. Economic Development Based on a Mathematical Model: An Optimal Solution Method for the Fuel Supply of International Road Transport Activity. (2023). LAPSE:2023.32414
Author Affiliations
Fülöp MT: Faculty of Economics and Business Administration, Babeş−Bolyai University, 400591 Cluj-Napoca, Romania [ORCID]
Gubán M: Faculty of Finance and Accountancy, Budapest Business School, 1149 Budapest, Hungary [ORCID]
Kovács G: Institute of Logistics, University of Miskolc, 3515 Miskolc, Hungary
Avornicului M: Faculty of Finance and Accountancy, Budapest Business School, 1149 Budapest, Hungary
Journal Name
Energies
Volume
14
Issue
10
First Page
2963
Year
2021
Publication Date
2021-05-20
Published Version
ISSN
1996-1073
Version Comments
Original Submission
Other Meta
PII: en14102963, Publication Type: Journal Article
Record Map
Published Article

LAPSE:2023.32414
This Record
External Link

doi:10.3390/en14102963
Publisher Version
Download
Files
[Download 1v1.pdf] (3.5 MB)
Apr 20, 2023
Main Article
License
CC BY 4.0
Meta
Record Statistics
Record Views
71
Version History
[v1] (Original Submission)
Apr 20, 2023
 
Verified by curator on
Apr 20, 2023
This Version Number
v1
Citations
Most Recent
This Version
URL Here
https://psecommunity.org/LAPSE:2023.32414
 
Original Submitter
Auto Uploader for LAPSE
Links to Related Works
Directly Related to This Work
Publisher Version