LOGISTICS AND SUPPLY CHAIN STRATEGIES IN GRAIN EXPORTING

William Wilson, Donald C.E. Carlson and Bruce L. Dahl

No 23614, Agribusiness & Applied Economics Report from North Dakota State University, Department of Agribusiness and Applied Economics

Abstract: During the past decade, the grain shipping industry has become highly competitive and technologically advanced. These changes, along with the introduction of innovative shipping mechanisms, have made logistics management an important source of opportunity and risk for grain shippers. In this study, a stochastic simulation model was developed to evaluate the tradeoffs and effects of key variables on logistical performance in managing the grain supply chain. Average demurrage cost for the supply chain was $2.03 million with the greatest cost being for railcars and the least cost being for barges. Of the stochastic variables modeled, changes in export demand had the greatest impact on demurrage costs.

Keywords: Industrial; Organization (search for similar items in EconPapers)
Pages: 37
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nddaae:23614

DOI: 10.22004/ag.econ.23614

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