a. Fuel Consumption Analysis:
- Concept: Managing fuel costs is essential for profitability. Mathematical models help in analyzing fuel consumption patterns and optimizing driving behavior.
- Mathematical Tools: Statistical analysis and regression models can identify factors affecting fuel efficiency, such as driving habits, route conditions, and vehicle performance.
b. Cost-Benefit Analysis:
- Concept: Evaluating the financial impact of different operational decisions, such as upgrading vehicles or changing routes.
- Mathematical Tools: Cost-benefit analysis involves comparing the costs and benefits of various options using financial models and decision matrices.
