Dynamic approach to strategic and operational multimodal routing decisions

Dynamic approach to strategic and operational multimodal routing decisions

0.00 Avg rating0 Votes
Article ID: iaor2007188
Country: United Kingdom
Volume: 2
Issue: 1
Start Page Number: 96
End Page Number: 106
Publication Date: Jan 2006
Journal: International Journal of Logistics Systems and Management
Authors:
Keywords: inventory, programming: dynamic, programming: transportation
Abstract:

By adopting multimodal logistics, global firms can significantly reduce lead time and inventory carrying costs, which may constitute major improvements in both profit and customer service. This paper presents dynamic programming formulations of multimodal logistics systems, which result in deterministic acyclic networks that may be solved using Dijkstra's algorithm. Using these models one can find both a least cost route and a least lead time route subjected to lead time and total cost, respectively. By combining these models, they may be used to make strategic decisions and to allow for system control in response to disruption. The presented model has both the analytical foundation and flexibility for application to a number of situations.

Reviews

Required fields are marked *. Your email address will not be published.