Value of Information in Improving Daily Operations in High-Density Logistics

Viet Nguyen, Behzad Behdani and Jacqueline Bloemhof

No 258170, 2017 International European Forum, February 13-17, 2017, Innsbruck-Igls, Austria from International European Forum on System Dynamics and Innovation in Food Networks

Abstract: In this paper we investigate the value of shared information between chain actors for improving daily operations in high-density logistics processes at distribution warehouses. We first define a generic high-density logistics process at a distribution warehouse based on real-world cases. Utilizing daily shared information about inbound flow (i.e. truck-arrival time) and outbound flow (i.e. required timeframes), we then propose daily process redesign on changing process parameters and evaluate their impact on the process performance using a discrete-event simulation model of a floricultural supply chain. Additionally, the impact of different information characteristics (i.e. timeliness, accuracy and completeness) on the effectiveness of the redesign decision are studied through different scenarios. This work contributes to a better understanding of the value of information in supporting decision-making at the operational level, particularly in warehouse operations. It also helps to raise the awareness of industrial managers regarding the use of information for improving process performance as well as the importance of information characteristics.

Keywords: Agribusiness (search for similar items in EconPapers)
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/258170/files/30-Nguyen%2C%20Viet_paper.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ief017:258170

DOI: 10.22004/ag.econ.258170

Access Statistics for this paper

More papers in 2017 International European Forum, February 13-17, 2017, Innsbruck-Igls, Austria from International European Forum on System Dynamics and Innovation in Food Networks
Bibliographic data for series maintained by AgEcon Search ().