Research into leasing business in Mauritius It is the principal and number one player in the Mauritian market as leasing company. Inthe Mauritius leasing had incorporated as the first leasing company in Mauritius as joint venture with Government to offer leasing facilities to businesses. In 27 February the company was listed as the first leasing company in Mauritius on Stock Exchange of Mauritius.
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The main problem is that the firm wants to minimize cost of meeting the monthly trucking requirements for this project but also follows a no-layoff policy. The constraints of the problem are as follows: The job requires four months to complete, with 10, 12, 14 and 8 trucks needed in months 1 through 4, respectively.
The firm signed a long-term lease with PennState Leasing last year for trucks where one of these trucks will be available for use on the new project in month 1, two for month 2, three for month 3 and one for month 4.
The decision variables in this problem can be divided into two categories: For the trucks obtained through long-term leasing, there is a set number of trucks that can be used for each respective month stated earlier in the constraints. For example, a truck can be leased starting in the first month for any length of time between months, but a truck that is leased starting in the third month can only be leased for either one or two months, and a truck leased starting in the fourth month can only be leased for one month.
Thus each short-term leased truck has two characteristics: In any one month, the short-term trucks leased can have any combination of these two characteristics.
The total cost for the long-term leased trucks is calculated by adding together the monthly fuel, truck and driver costs and then multiplying this number by the number of months the truck is leased.
From Solver, we see that the optimal leasing plan is to use all of the trucks available from the long-term leasing plan, lease three trucks for three months and six trucks for four months in the first month, one truck for three months in the second month, and one truck for one month in the third month.
The costs are split up amongst the type of trucks in this way:Mauritius Leasing Company.
Related essay: Methodology: Research into leasing business in Mauritius It is the principal and number one player in the Mauritian market as leasing company. In , the Mauritius leasing had incorporated as the first leasing company in Mauritius as joint venture with Government to offer leasing facilities to businesses.
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