Author : James H. Bookbinder
Publisher :
ISBN 13 :
Total Pages : 14 pages
Book Rating : 4.:/5 (13 download)
Book Synopsis Probabilistic Modeling of Freight Consolidation by Private Carriage by : James H. Bookbinder
Download or read book Probabilistic Modeling of Freight Consolidation by Private Carriage written by James H. Bookbinder and published by . This book was released on 2015 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: A program of freight consolidation is a systematic attempt to decrease total transportation cost between a given origin and destination. Fewer shipments of larger weight are dispatched, while recognizing the inventory carrying cost of holding the first-arriving orders before dispatching the combined load. Here we employ probabilistic modeling to choose the maximum holding time and desired dispatch quantity. We obtain practical decision rules for temporal consolidation for transportation in one's own truck. Final results are expressed visually through a nomograph (four inked graphs) relating decision variables, probability and demand parameters, and objective-function values. The nomograph permits an intuitive sensitivity analysis.