A decision making tool considering risk assessment of sub-contracting agents for an air cargo shipment planning problem

Osman Kulak, Genç, Atakan and Mustafa Egemen Taner

Journal of Air Transport Management, 2018, vol. 69, issue C, 123-136

Abstract: Development of an efficient shipment plan for air cargo forwarders is a critical to obtaining considerable integration and consolidation savings and to meeting competitive requirements such as target costs. In this paper, we propose a decision making tool to solve a deterministic air cargo shipment planning problem with risk assessment of sub-contracting agents evaluating possible consolidations and integrations. The decision making tool consists of a risk assessment module based on historical data and a shipment planning module that includes a genetic algorithm (GA). Various benchmark instances are generated based on real life data obtained from a worldwide air cargo company to investigate the performance of the proposed methodology. In conclusion, the proposed methodology provide effective solutions in terms of solution quality and computational time.

Keywords: Air cargo; Shipment planning; Risk assessment; Heuristics (search for similar items in EconPapers)
Date: 2018
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jaitra:v:69:y:2018:i:c:p:123-136

DOI: 10.1016/j.jairtraman.2018.02.005

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