A Comparative Analysis of Analog and Digital Gantries in Nigeria’s Hydrocarbon Depot Management
This study is focused on the comparative study of a Nigerian Independent Petroleum Company (NIPCO) digital depot operation and Consolidated Oil (CONOIL) analog depot operation in petroleum product supply chain. The analytical tools used in this study are; DEA Model and Censored Normal Regression Analysis. Censored Normal Regression Analysis was used to analyse the relationship between depot output (ullage savings) and gantry time. The result of the study suggests the following: Firstly, NIPCO is relatively more efficient than CONOIL. Secondly, the coefficient of gantry time is negatively related to output. This implies that increasing gantry input (time) will reduce the productivity of the depot output and vice versa.
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Mediterranean Journal of Social Sciences ISSN 2039-9340(Print) ISSN 2039-2117(Online)
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