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  • List of The Input Parameters Required For The Model Being Used?

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    Rahul Roy
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    This document lists five input parameters needed for the transportation optimization model TRANSPART developed by Delco to find the optimal cost: 1) Inventory carrying charge, 2) Warehouse material handling time, 3) Transit time in each link, 4) Demand for each product by assembly plant, 5) Value and weight of each product. It assesses the quality of decisions using sensitivity analysis and finds that peddling direct and from warehouses is less costly than the base all-warehouse case, and warehouse peddling is less costly than direct peddling when warehouse handling time is less than half a day. The objective function is to minimize transportation and storage costs by determining the best shipment sizes and routes.

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    This document lists five input parameters needed for the transportation optimization model TRANSPART developed by Delco to find the optimal cost: 1) Inventory carrying charge, 2) Warehouse material handling time, 3) Transit time in each link, 4) Demand for each product by assembly plant, 5) Value and weight of each product. It assesses the quality of decisions using sensitivity analysis and finds that peddling direct and from warehouses is less costly than the base all-warehouse case, and warehouse peddling is less costly than direct peddling when warehouse handling time is less than half a day. The objective function is to minimize transportation and storage costs by determining the best shipment sizes and routes.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    10 views3 pages

    List of The Input Parameters Required For The Model Being Used?

    Uploaded by

    Rahul Roy
    This document lists five input parameters needed for the transportation optimization model TRANSPART developed by Delco to find the optimal cost: 1) Inventory carrying charge, 2) Warehouse material handling time, 3) Transit time in each link, 4) Demand for each product by assembly plant, 5) Value and weight of each product. It assesses the quality of decisions using sensitivity analysis and finds that peddling direct and from warehouses is less costly than the base all-warehouse case, and warehouse peddling is less costly than direct peddling when warehouse handling time is less than half a day. The objective function is to minimize transportation and storage costs by determining the best shipment sizes and routes.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    List of the input 01 Inventory carrying charge

    parameters required
    for the model being 02 Warehouse material handling time

    used?
    03 Transit time in each link
    Delco developed a tool named
    TRANSPART to find the optimal cost.
    04 Demand for each project by assembly
    plant

    05 Value and weight of each product


     How is the quality of decisions being
    assessed and compared?
    Quality of decisions were assessed using
    Sensitive Analysis.
    Peddling

    peddling direct and peddling from


    Non-Peddling
    warehouses are less costly than the
    base case for all-warehouse. Also,
    warehouse peddling becomes less
    costly than direct peddling when
    warehouse handling time is less
    than half day.

    Non-Peddling

    Peddling The base case all-warehouse


    strategy is less costly than the all
    direct strategy when handling time
    is less than 2 days. Else the all-
    direct gives the least cost.
    What are the objective functions, if any?

    Transportation and
    Storage Cost
    minimization.

    For this a model was developed to


    determine the best shipment size
    and routes

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