A Probabilistic Framework and a Homotopy Method for Real-time Hierarchical Freight Dispatch Decisions
From MaRDI portal
Publication:6330701
Abstract: We propose a real-time decision framework for multimodal freight dispatch through a system of hierarchical hubs, using a probabilistic model for transit times. Instead of assigning a fixed time to each transit, we advocate using historical records to identify characteristics of the probability density function for each transit time. We formulate a nonlinear optimization problem that defines dispatch decisions that minimize expected cost, using this probabilistic information. Finally, we propose an effective homotopy algorithm that (empirically) outperforms standard optimization algorithms on this problem by taking advantage of its structure, and we demonstrate its effectiveness on numerical examples.
This page was built for publication: A Probabilistic Framework and a Homotopy Method for Real-time Hierarchical Freight Dispatch Decisions
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q6330701)
