Article ID: | iaor20113978 |
Volume: | 41 |
Issue: | 2 |
Start Page Number: | 194 |
End Page Number: | 196 |
Publication Date: | Mar 2011 |
Journal: | Interfaces |
Authors: | Bailey Michael J, Snapp John, Yetur Subramani, Stonebraker Jeffrey S, Edwards Steven A, Davis Aaron, Cox Robert |
Keywords: | transportation: air |
We used decision analysis to develop a probabilistic model to help American Airlines assess the uncertainty of bid quotes for its full‐truckload (FTL) point‐to‐point freight shipments of maintenance equipment and in‐flight service items in the United States. The model reduced the airline's risk of overpaying an FTL supplier.