The Value of Inaccurate Advance Time Window Information in a Pick-up and Delivery Problem

Jordan Srour, Niels Agatz and Johan Oppen

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: We examine different routing strategies to cope with inaccurate time window in- formation in the context of a dynamic pick-up and delivery problem with time windows. Our experiments show that advance information, even if inaccurate, can provide benefits from a planning perspective. We propose a novel stochastic strategy that consistently performs well compared to several benchmark strategies.

Keywords: routing; value of information; dynamic pick-up and delivery problem with time windows; multiple scenario analysis (search for similar items in EconPapers)
Date: 2014-01-27
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