A hybrid of a LP and statistics approach to evaluate a transportation model for a ready concrete company

A hybrid of a LP and statistics approach to evaluate a transportation model for a ready concrete company

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Article ID: iaor200947147
Country: United Kingdom
Volume: 4
Issue: 3
Start Page Number: 268
End Page Number: 295
Publication Date: Feb 2009
Journal: International Journal of Operational Research
Authors: , ,
Keywords: manufacturing industries, programming: transportation, distribution
Abstract:

The majority of the Greek companies which are actively participating in the logistics sector of the economy create transportation/distribution plans which are nowhere near the optimal one. We solve a typical transportation problem, but in order to create the optimal distribution plan we conduct statistical analysis of uncertainty, in just the way it is used in Project Management. We use the statistical analysis outputs as an input data in order to create the optimal distribution plan by using queuing theory techniques. We found a specific time schedule in distributing concrete with the minimal transportation cost.

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