EVALUATION OF OUTSOURCING TRANSPORTATION CONTRACT USING SIMULATION AND DESIGN OF EXPERIMENT
Journal Title: Polish Journal of Management Studies - Year 2018, Vol 18, Issue 2
Abstract
This paper aims to develop an approach to identify optimal fleet size under uncertainty and to identify important factors affecting transportation performance. The methodologies used in this paper are two folded. The first methodology is to develop a simulation model that allows manager to evaluate the impact of having different number of trailers on delivery and cost in order to identify the optimal fleet size. The second methodology is to use a Design of experiment (DOE) together with the simulation model to identify important factors that affect transportation performances. The result shows that the company should hire 16 trailers, which will reduce the delivery delay from 14% to 0.02%. Furthermore, it is found that variation in demand has a strong impact on late delivery and cost. There is also an interaction between demand variation and transportation time variation.<br/><br/>
Authors and Affiliations
Siri-on Setamanit
Keywords
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- EP ID EP428621
- DOI 10.17512/pjms.2018.18.2.24
- Views 72
- Downloads 0
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