Traffic congestion: modelling its economic impact on petroleum products distribution in a metropolis
This paper considers the financial implications of the traffic congestion problem in the distribution of petroleum products in a Nigerian metropolis. Data relating to truck movements, their servicing costs and other parameters that are connected with traffic congestion are collected and analysed using SPSS. The regression models that describe the differences in expenditure and variation in incomes from the use of the trucks are established. In terms of monetary losses, about $99.7 per truck per year were lost owing to traffic congestion as part of the fleet maintenance cost, which was not budgeted for and about $1,559.1 in deficit of the budgeted income per truck per year (deficit in income). Thus, the transportation haulage industry loses substantial money due to traffic congestion on an annual basis. Information in this work could be utilised for performance improvement purpose when performance targets/reward schemes are set and monitored for cost saving activities due to traffic congestion.
Volume (Year): 3 (2011)
Issue (Month): 2 ()
|Contact details of provider:|| Web page: http://www.inderscience.com/browse/index.php?journalID=286|
When requesting a correction, please mention this item's handle: RePEc:ids:injams:v:3:y:2011:i:2:p:186-209. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Darren Simpson)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.