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.
Performance evaluation of logistics systems under cost and reliability considerations
Transportation Research Part E: Logistics and Transportation Review ; 47 , 2 ; 130-137
2010-09-02
8 pages
Article (Journal)
Electronic Resource
English
Performance evaluation of logistics systems under cost and reliability considerations
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