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Development of Decision Support Tool for Transport Forwarding Company Operating within Netherlands and Italy

This paper investigates the development of a decision support tool for a Latvian transportation company operating in the Dutch and Italian markets. Models and algorithms for optimizing freight routes using Excel and Python are included. Digitalization of logistics processes is recognized as a key to improve efficiency and reduce costs. Two methods for solving the traveling salesman problem were examined and compared: Excel with Solver and Python with the NetworkX library.The methodology involved collecting data from Google My Maps, creating Excel spreadsheets, and developing Python software to automate route optimization. The results showed that both methods improved route planning, reducing time and cost, as well as reducing carbon footprint.The study emphasizes the importance of integrating technologies such as machine learning and big data into logistics to increase flexibility and adaptability. Recommendations were offered to further improve and implement these technologies for sustainable business development and increased competitiveness in international markets.

Author: Anastasija Škaduna

Supervisor: Berdymyrat Ovezmyradov

Degree: Professional Bachelor

Year: 2024

Work Language: English

Possibilities of logistics performance improvement in transport company

Logistics is the management of the flow of materials, information and resources from their place of origin to the place of their consumption in order to meet the needs of customers. This process shall include the planning, implementation and control of the efficient and economical movement and storage of goods, services and related information from the place of origin to the place of consumption.The main functions of logistics are:Transport: selection and management of vehicles for the movement of goods. This may include road, rail, sea and air transport.

Author: Jekaterīna Novikova

Supervisor: Aleksandrs Kotļars

Degree: Professional Bachelor

Year: 2024

Work Language: Latvian

Increasing the efficiency of a manufacturing enterprise

This bachelor’s thesis is dedicated to the study of methods for improving the efficiency of a manufacturing enterprise. The work examines the theoretical aspects of determining efficiency, analyzes various approaches to its research and methods of improvement, and emphasizes the importance of strategic planning.The practical part of the research includes a description of the company's activities, an assessment of its financial condition, and a SWOT analysis. The work also reviews sales data in various segments of the non-alcoholic beverages market in Latvia, which helps identify problem areas and develop improvement recommendations.Particular attention is paid to the development of a production process improvement plan, including a detailed analysis of current operations and optimization proposals.The work is based on the analysis of the company's financial indicators for the period from 2020 to 2022, which allows identifying trends in profitability and liquidity indicators.The presented conclusions and recommendations can be used to enhance the efficiency of the enterprise and improve its competitive position in the market.

Author: Vitāliušs Mareks Kolodinskis

Supervisor: Aleksandrs Medvedevs

Degree: Professional Bachelor

Year: 2024

Work Language: Latvian

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