Physical Sciences and Mathematics Commons^™

Minimizing Container Weight, Ibrahim Alomran

Undergraduate Journal of Mathematical Modeling: One + Two

Increased globalization has resulted in increased competition in the shipping industry. Since large carriers control over 70% of the total shipping industry, small carriers are left with only 30% of the market share to compete for. Ultimately, profit margins for small carriers have become very minimal. There is, therefore, need to develop a strategy that will aid in optimizing the profits of carriers. The goal of this paper is to develop a model that will help determine the minimum weight for a particular container design. The validity of the model is important in the sense that minimum container weight will …