Performance evaluation of logistics systems under cost and reliability considerations

Chin-Chia Jane

Transportation Research Part E: Logistics and Transportation Review, 2011, vol. 47, issue 2, 130-137

Abstract: In this article, both distribution cost and delivery reliability are integrated into performance index R$b,d of logistics systems. The total distribution cost is not to exceed budget $b, the delivery reliability is the probability that the source distributes a demand d successfully to the destination. A major contribution is that we present a hybrid approach for straightforward computation of the R$b,d. As of now, it is the only algorithm that can compute R$b,d directly and practically. A real logistics system illustrates the proposed algorithm. In addition, computational results indicate that our algorithm outperforms existing algorithms.

Keywords: Performance; Logistics; system; Cost; Reliability; Algorithm (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (19)

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