We develop a model to determine the optimal structure and size of a rail car fleet at a chemical company under uncertainty in demand and travel times as well as substitution between rail car types. First, we formulate an MILP model that accounts for the substitution relations between the types...

This paper considers the mobile facility routing and scheduling problem with stochastic demand (MFRSPSD). The MFRSPSD simultaneously determines the route and schedule of a fleet of mobile facilities which serve customers with uncertain demand to minimize the total cost generated during the...

Concerns the logistics system of the Taiwan power company, Taipower, and the problem it faces of coal allocation and fleet deployment of dedicated coal carriers. The coal allocation problem can be viewed as a multi‐index transportation problem requiring the formulation of a coal allocation...

Purpose – The purpose of this paper is to illustrate the appropriateness of system dynamics (SD) methodology as a tool for humanitarian decision makers to understand the effect of their decisions on humanitarian operations. The authors seek to present the initial stages and preliminary...

Purpose – Over the last two decades, a large number of studies have been conducted in the field of outsourcing third‐party logistics (3PL) services and the field is growing. The purpose of this paper is to examine the extent to which 3PL services are outsourced by Australian firms....

Purpose – The BVRLA ICFM Professional Fleet Consultant Development Programme, developed in conjunction with the ICFM, is targeted at sales and business development executives within BVRLA member companies. The four‐day training programme equips participants with the skills and knowledge to...

Purpose – The purpose of this paper is to develop a simple model illustrating the benefits of operating a diverse fleet of aircraft. Design/methodology/approach – The paper is theoretical. It describes how real options are beneficial to the firm in both capital budgeting and risk management....