Multimodal Transport Network Optimization Considering Safety Stock under Real-Time Information

Ming-fei Chen, Yan-qiu Liu, Yang Song, Qi Sun and Chuang-chuang Cong

Discrete Dynamics in Nature and Society, 2019, vol. 2019, 1-12

Abstract:

A production department and two distribution departments form a multimodal logistics supply network. The production department provides two ordering opportunities within one production cycle, and the real-time updates of demand information are required in the interval between two orders. Based on this, the paper studies the security inventory optimization problem of multimodal transport networks. On the basis of portraying the real-time information update process, the multimodal network optimization model without considering safety stock and the multimodal network optimization model considering safety stock are constructed, respectively, and the transshipment price and demand information of the intermodal network are updated. The parameters are analyzed for sensitivity. The analysis of examples shows that, on the one hand, with the update of demand information, the distribution department adopts the multimodal transport model with safety stock to improve the profit of the distribution department and the supply network. On the other hand, the production sector can meet market demand with a lower production scale, while the distribution department can effectively respond to stochastic demand through a multimodal model with safety stock.

Date: 2019
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:hin:jnddns:5480135

DOI: 10.1155/2019/5480135

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