Article
An integrated shipment planning and storage capacity decision under uncertainty: A simulation study
In transportation and distribution systems, the shipment decisions, fleet capacity, and storage capacity are interrelated in a complex way, especially when the authors take into account uncertainty of the demand rate and shipment lead time. While shipment planning is tactical or operational in nature, increasing storage capacity often requires top management’s authority. The purpose of this paper is to present a new method to integrate both operational and strategic decision parameters, namely shipment planning and storage capacity decision under uncertainty. The ultimate goal is to provide a near optimal solution that leads to a striking balance between the total logistics costs and product availability, critical in maritime logistics of bulk shipment of commodity items.
Judul | Edisi | Bahasa |
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Uncertainty, the critical basis of risk management | VOL. 11 NO. 6 2009, pp. 42-55 | en |