Title :
Cost Optimatize Algorithm for Hub-and-Spoke Logistic Network
Author :
Luo Youlong ; Nie Guihua ; Tang Yuanyi
Author_Institution :
Sch. of Manage., Wuhan Univ. of Technol., Wuhan, China
Abstract :
Many logistic system rely on a network of hub facilities to help concentrate flows of freight or passengers to exploit the economies of scale in transportation. Wheras , "bypass cost " and "congestion effect" also exist in hub-and-spoke network .This paper address a novel approach which unite economies of scale and "bypass cost" and reports on implementation of a route optimazation algorithm .Finally ,computational work was performed on a personal computer with data for postal operations in Australia.
Keywords :
logistics; optimisation; transportation; bypass cost; congestion effect; cost optimization algorithm; hub-and-spoke logistic network; route optimization algorithm; transportation; Algorithm design and analysis; Biological system modeling; Computational modeling; Economies of scale; Educational institutions; Heuristic algorithms; Optimization;
Conference_Titel :
Management and Service Science (MASS), 2010 International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-5325-2
Electronic_ISBN :
978-1-4244-5326-9
DOI :
10.1109/ICMSS.2010.5575583