Analysis and Optimization of G4S Cash-In-Transit Transport Service Operations

Abstract

This document details a project in which two types of vehicles were analysed and compared using the Analytical Hierarchy Process, to select the best vehicle for G4S Cash Solutions Cash-In-Transit operations based on operating costs and performance. The project also optimized the vehicle route schedules at G4S Cash Solutions Pretoria branch using a "Capacitated Vehicle Routing Problem", based on the Clarke & Wright algorithm. The report concludes that although the Lancet vehicle has better performance and lower operating costs than a Hino when compared in single units, the large capacity of the Hino make it the superior choice when a fleet operates in built up areas such as Pretoria compared to a fleet of Lancet vehicles. The Lancet vehicle can however be used in rural areas where customer density and demand are not limiting factors.