Professional Documents
Culture Documents
CASE STUDY
Case Study
Index
Appendix
Appendix
Analysis
Assumptions
Recommendations
Current Issues
Analysis
Assumptions
Recommendations
Current Issues
Case Study
Current Issues
Case Study
Volume of the
Iceberg carry from
the South Pole
should be greater
than 6,054,466 m
Case Study
Assumptions
Only large towing ships are rented which can carry maximum of
10,000,000 Cubic meter of Iceberg
Towing ship can travel at three speeds only 1km/hr, 3 Km/hr & 5 km/hr
Melting Rate of the iceberg is linear function of the distance of destination
from the South Pole, if distance is less than or equal to 4000 km
(Appendix-1)
Melting Rate of the Iceberg is same for distance greater than 4000 Km
between destination and South Pole
Associated Fuel Costs of towing ship are logarithmic function of the
volume of the Iceberg carrying, if volume is higher that 1000 cubic meters
( Appendix- 2)
Minimum fuel cost for the towing ship is same as for 1000 m volume at
given speed.
Case Study
Assumptions
Rent and Fuel costs incur even in the case of iceberg completely melts
before reaching the destination
Fuel cost for the given day will be dependent on the volume of the
iceberg at the beginning of the day
Full day rent incur even if the towing ship reaches destination before day
ends. For Instance, at speed 3 Km/hr the total rent would be taken for
134 days rather than just for 133.33 days
Iceberg is spherical in shape, melting rate at any given speed is the
reduction in the radius of the Iceberg
Case Study
ANALYSIS- 1
Recommendation 1:- Speed of the towing vessel should be
5km/hr
Model we created takes the speed of the towing ship and
Volume of the Iceberg it carrying.
Kuwait is at 9600Km distance from South Pole, so it takes
minimum of 400 days(@ 1Km/hr speed) or maximum of 80
days ( @ 5 Km/hr) to transport Iceberg to Kuwait.
Radius of the Iceberg at the beginning is given by 4/3 R .
Radius of the iceberg vary everyday depending on the
distance left at the beginning of the day from
destination(Appendix 4).
Fuel Costs vary everyday depending on the Volume of the
Iceberg left at the beginning of the day(Appendix 4).
Iceberg for Kuwait
Case Study
Analysis- 1
Recommendation-: 1 (contd.)
Cost of desalinating the seawater is 0.1/m of water.
Volume of water generated from the Iceberg at the destination is
0.85x volume of the Iceberg at the destination.
Total Profit from using Alternative method is difference between the
desalinating cost of same volume of water generated from Iceberg
and total cost incur from alternate method (Appendix-5).
Case Study
Analysis- 1
Results from our Analysis
Total Profit from Alternate method for towing 10,000,000 m at the speed of 5 Km/hr
is 203,430.33.
Total Profit from Alternate method for towing 10,000,000 m at the speed of 3 Km/hr
is 97,611.33
A Loss of 361,035.33 incur on towing 10,000,000 m of Iceberg at 1 Km/hr
To better understand the results from our model we did sensitivity analysis on
few parameters to check the profit variation.
Case 1
Profit is maximum or
loss is minimum at any
volume for speed of
ship at 5 Km/hr
(Appendix- 6)
Sensitivity of
our results
Case 2
Case Study
Analysis
Profit
1 Km/hr
3 Km/hr
5 km/hr
10,000,000.0
9,500,000.0
9,000,000.0
8,500,000.0
8,000,000.0
7,500,000.0
7,000,000.0
6,500,000.0
6,000,000.0
5,500,000.0
5,000,000.0
4,500,000.0
4,000,000.0
3,500,000.0
3,000,000.0
2,500,000.0
2,000,000.0
1,500,000.0
1,000,000.0
500,000.0
Volume of Iceberg in m
Profit
5 Km/hr
Volume of Iceberg in m
Case Study
ANALYSIS-2
Recommendation 2:- Volume of the Iceberg carry from the South Pole
should greater than 6,054,466 m
Based on our previous recommendation, we did further analysis to
quantize the minimum requirements for the alternate method to be
profitable.
We found that profit from alternate method is directly proportional to
volume of the Iceberg carrying by the towing ship at the beginning.
Case Study
Analysis- 2
www.themegallery.com
Analysis- 2
250000.00
150000.00
100000.00
200000.00-250000.00
50000.00
150000.00-200000.00
0.00
100000.00-150000.00
10000000.00
9500000.00
9000000.00
8500000.00
8000000.00
7500000.00
7000000.00
6500000.00
6000000.00
1000.00
Rent Cost
900.00
50000.00-100000.00
800.00
700.00
50000.00
300.00
400.00
500.00
600.00
Profit
200000.00
0.00-50000.00
50000.00-0.00
Case Study
LOGO
www.themegallery.com
Appendix -1
Melting Rate as afunction of distance
at speed of 1 KM/Hr y = 0.000060x
0.3
R = 1.000000
0.15
Linear (1)
0.1
Melting Rate
0.25
0.2
0.2
3
Linear (3)
0.15
0.1
0.05
0.05
0
0
1000
2000
3000
4000
Distance from South Pole
5000
1000
2000
3000
4000
Distance from South Pole
5000
0.45
R = 1.00000
0.35
Melting Rate
Melting Rate
R = 1.000000
0.3
0.25
0.3
0.25
0.2
Linear (5)
0.15
0.1
0.05
0
0
1000
2000
3000
4000
Distance from South Pole
5000
Company Name
www.themegallery.com
Appendix -2
Fuel Cost as a function of Volume at
speed of 1 Km/hr
14
18
y = 0.912ln(x) - 2.1
R = 1
12
16
Fuel Costs
Log. (1 km/hr)
6
4
12
3 km/hr
10
Log. (3 km/hr)
8
6
4
0
0
5,000,000
10,000,000
Volume
15,000,000
5,000,000
10,000,000
Volume
15,000,000
25
y = 1.4332ln(x) - 3.3
R = 1
20
Fuel Costs
Fuel Cost
y = 1.1726ln(x) - 2.7
R = 1
14
10
1 km/hr
5 km/hr
15
Log. (5 km/hr)
10
5
0
0
5,000,000
10,000,000
Volume
15,000,000
Company Name
www.themegallery.com
Appendix -3
Parameters
Large Ship
Daily rental ()
Maximum load (cu. meter)
Speed of the Rented Boat
Cost of Desalinating Water in Kuwait
800.00
6,054,466
5
0.10
Company Name
www.themegallery.com
Appendix 4
Days
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Company Name
Case Study
Appendix- 4 (Contd.)
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
6000
5880
5760
5640
5520
5400
5280
5160
5040
4920
4800
4680
4560
4440
4320
4200
4080
3960
3840
3720
3600
3480
3360
3240
3120
3000
2880
2760
2640
2520
2400
2280
2160
2040
1920
5880
5760
5640
5520
5400
5280
5160
5040
4920
4800
4680
4560
4440
4320
4200
4080
3960
3840
3720
3600
3480
3360
3240
3120
3000
2880
2760
2640
2520
2400
2280
2160
2040
1920
1800
0.400
0.400
0.400
0.400
0.400
0.400
0.400
0.400
0.400
0.400
0.400
0.400
0.400
0.400
0.400
0.400
0.400
0.396
0.384
0.372
0.360
0.348
0.336
0.324
0.312
0.300
0.288
0.276
0.264
0.252
0.240
0.228
0.216
0.204
0.192
101.07
100.67
100.27
99.87
99.47
99.07
98.67
98.27
97.87
97.47
97.07
96.67
96.27
95.87
95.47
95.07
94.67
94.27
93.87
93.49
93.11
92.75
92.41
92.07
91.75
91.43
91.13
90.85
90.57
90.31
90.05
89.81
89.59
89.37
89.17
4,324,082
4,272,943
4,222,208
4,171,877
4,121,948
4,072,418
4,023,287
3,974,552
3,926,213
3,878,267
3,830,713
3,783,550
3,736,775
3,690,387
3,644,385
3,598,767
3,553,531
3,508,675
3,464,642
3,422,296
3,381,604
3,342,533
3,305,052
3,269,130
3,234,738
3,201,849
3,170,435
3,140,472
3,111,936
3,084,802
3,059,049
3,034,657
3,011,604
2,989,872
2,969,444
18.6
18.6
18.6
18.5
18.5
18.5
18.5
18.5
18.5
18.4
18.4
18.4
18.4
18.4
18.4
18.3
18.3
18.3
18.3
18.3
18.2
18.2
18.2
18.2
18.2
18.2
18.2
18.1
18.1
18.1
18.1
18.1
18.1
18.1
18.1
2232
2230
2228
2226
2224
2222
2219
2217
2215
2213
2211
2209
2207
2205
2202
2200
2198
2196
2194
2192
2190
2188
2186
2184
2182
2180
2178
2177
2175
2174
2172
2171
2170
2168
2167
Case Study
Appendix 4 (Contd.)
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
1800
1680
1560
1440
1320
1200
1080
960
840
720
600
480
360
240
120
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1680
1560
1440
1320
1200
1080
960
840
720
600
480
360
240
120
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.180
0.168
0.156
0.144
0.132
0.120
0.108
0.096
0.084
0.072
0.060
0.048
0.036
0.024
0.012
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
0.000
88.97
88.79
88.63
88.47
88.33
88.19
88.07
87.97
87.87
87.79
87.71
87.65
87.61
87.57
87.55
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
2,950,303
2,932,433
2,915,820
2,900,450
2,886,310
2,873,389
2,861,675
2,851,161
2,841,836
2,833,694
2,826,727
2,820,930
2,816,299
2,812,828
2,810,516
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
18.1
18.0
18.0
18.0
18.0
18.0
18.0
18.0
18.0
18.0
18.0
18.0
18.0
18.0
18.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
2166
2165
2164
2163
2162
2162
2161
2160
2160
2159
2159
2158
2158
2158
2158
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Case Study
Appendix-5
Calculation Table
Calculation Table
Description
Distance from the south pole in km's
Speed of the Ship km/hr
Total Number of days to reach at destination
Calc.
9600
5
80.00
133.65
108.13
64,000.00
182,713.92
5295814.72
246,713.92
4501442.508
450,144.25
Total Profit
203,430.33
Iceberg for Kuwait
www.themegallery.com
Volume of Iceberg m
Appendix- 6
0.00
500,000.0
1,000,000.0
1,500,000.0
2,000,000.0
2,500,000.0
3,000,000.0
3,500,000.0
4,000,000.0
4,500,000.0
5,000,000.0
5,500,000.0
6,000,000.0
6,500,000.0
7,000,000.0
7,500,000.0
8,000,000.0
8,500,000.0
9,000,000.0
9,500,000.0
10,000,000.0
Sensitivity Analysis
Speed of the Towing Ship
1
3
-376,282.33
-206,255.44
-383,948.27
-213,126.23
-389,882.27
-209,749.17
-395,394.00
-201,682.81
-401,662.01
-190,696.91
-406,219.57
-177,638.72
-408,640.31
-162,997.06
-409,603.69
-147,086.63
-409,419.65
-130,125.36
-408,270.38
-112,272.20
-406,279.26
-93,647.69
-403,537.42
-74,346.05
-400,116.07
-54,442.75
-396,073.00
-33,999.47
-391,456.44
-13,067.42
-386,307.43
8,310.23
-380,661.47
30,096.67
-374,549.63
52,260.19
-367,999.37
74,773.20
-361,035.17
97,611.52
5
-190,145.57
-191,089.79
-182,218.80
-168,803.88
-152,597.66
-134,439.68
-114,810.44
-94,016.25
-72,267.08
-49,714.63
-26,472.93
-2,630.37
21,742.76
46,589.42
71,862.52
97,522.64
123,536.30
149,874.84
176,513.40
203,430.33
Company Name
Case Study
Appendix- 7
Break-even Point at volume at ship speed 5 km/hr
Calculation Table
Description
Distance from the south pole in km's
Speed of the Ship km/hr
Total Number of days to reach at destination
Calc.
9600
5
80.00
113.07
87.55
64,000.00
174,893.86
2810516.04
238,893.86
2388938.635
238,893.86
Total Profit
0.00
Case Study
Rent Costs
Appendix- 8
0.00 6000000.00 6500000.00 7000000.00
300.00
37369.63
61742.76
86589.42
350.00
33369.63
57742.76
82589.42
400.00
29369.63
53742.76
78589.42
450.00
25369.63
49742.76
74589.42
500.00
21369.63
45742.76
70589.42
550.00
17369.63
41742.76
66589.42
600.00
13369.63
37742.76
62589.42
650.00
9369.63
33742.76
58589.42
700.00
5369.63
29742.76
54589.42
750.00
1369.63
25742.76
50589.42
800.00
2630.37
21742.76
46589.42
850.00
6630.37
17742.76
42589.42
900.00
10630.37
13742.76
38589.42
950.00
14630.37
9742.76
34589.42
1000.00
18630.37
5742.76
30589.42
Volume of Iceberg in m
7500000.00 8000000.00 8500000.00 9000000.00 9500000.00 10000000.00
111862.52 137522.64 163536.30 189874.84 216513.40
243430.33
107862.52 133522.64 159536.30 185874.84 212513.40
239430.33
103862.52 129522.64 155536.30 181874.84 208513.40
235430.33
99862.52 125522.64 151536.30 177874.84 204513.40
231430.33
95862.52 121522.64 147536.30 173874.84 200513.40
227430.33
91862.52 117522.64 143536.30 169874.84 196513.40
223430.33
87862.52 113522.64 139536.30 165874.84 192513.40
219430.33
83862.52 109522.64 135536.30 161874.84 188513.40
215430.33
79862.52 105522.64 131536.30 157874.84 184513.40
211430.33
75862.52 101522.64 127536.30 153874.84 180513.40
207430.33
71862.52
97522.64 123536.30 149874.84 176513.40
203430.33
67862.52
93522.64 119536.30 145874.84 172513.40
199430.33
63862.52
89522.64 115536.30 141874.84 168513.40
195430.33
59862.52
85522.64 111536.30 137874.84 164513.40
191430.33
55862.52
81522.64 107536.30 133874.84 160513.40
187430.33
Iceberg for Kuwait