Simulation-Based Approach to Operating Costs Analysis of Freight Trucking

Ozernova Natalja () and Pecerska Jelena ()
Additional contact information
Pecerska Jelena: Riga Technical University

Information Technology and Management Science, 2015, vol. 18, issue 1, 24-29

Abstract: The article is devoted to the problem of costs uncertainty in road freight transportation services. The article introduces the statistical approach, based on Monte Carlo simulation on spreadsheets, to the analysis of operating costs. The developed model gives an opportunity to estimate operating freight trucking costs under different configuration of cost factors. Important conclusions can be made after running simulations regarding sensitivity to different factors, optimal decisions and variability of operating costs.

Date: 2015
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1515/itms-2015-0004 (text/html)

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:vrs:itmasc:v:18:y:2015:i:1:p:24-29:n:4

DOI: 10.1515/itms-2015-0004

Access Statistics for this article

Information Technology and Management Science is currently edited by J. Merkurjevs

More articles in Information Technology and Management Science from Sciendo
Bibliographic data for series maintained by Peter Golla ().