Winter Transport via Trucks with Chains and the Fraction of Time Spent in Accidents

Amitrajeet Batabyal

MPRA Paper from University Library of Munich, Germany

Abstract: In this note, we analyze hitherto unstudied aspects of winter transport provision via trucks with chains on tires. Specifically, we first construct a discrete-time Markov chain (DTMC) model of transport provision that focuses on the movements of a representative truck in a firm’s fleet of trucks. Second, we specify the limiting probabilities of our DTMC model of truck transport. Third, we derive the fraction of time that the representative truck is involved in accidents. Finally, we solve an optimization problem whose solution tells us when the fraction of time the representative truck spends in accidents, is maximal.

Keywords: Accident; Tire Chain; Transport; Truck; Uncertainty (search for similar items in EconPapers)
JEL-codes: D81 R41 (search for similar items in EconPapers)
Date: 2015-10-27
New Economics Papers: this item is included in nep-tre
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/71451/1/MPRA_paper_71451.pdf original version (application/pdf)

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:pra:mprapa:71451

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().