A Probabilistic Framework and a Homotopy Method for Real-time Hierarchical Freight Dispatch Decisions

arXiv1912.03733MaRDI QIDQ6330701FDOQ6330701

Authors: Roozbeh Yousefzadeh, Dianne P. O'Leary 

Publication date: 8 December 2019

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.

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