Metaheuristic and exact approaches for cost optimization in multi-echelon multimodal transportation network

Prajapati, Dhirendra, Rohit, Kumar, Maurya, Ayush and Dwivedi, Ashish (2024) Metaheuristic and exact approaches for cost optimization in multi-echelon multimodal transportation network. In: Proceedings of the 12th International Conference on Soft Computing for Problem Solving. Lecture Notes in Networks and Systems, 994 . Springer, Singapore, pp. 705-715. ISBN 978-981-97-3180-0

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Abstract

This study develops a framework for a multimodal transportation system comprising two different modes of transportation—airways and roadways within a multi-echelon supply chain network in B2C e-commerce platforms. In this study, an optimization model based on mixed-integer quadratic programming was formulated, the objective of which is to minimize the overall transportation cost for B2C e-commerce supply chain networks. The metaheuristic technique incorporating two varied approaches—exact optimization and a genetic algorithm—was employed to provide the solution for this proposed optimization model of multimodal transportation system. This metaheuristic technique-based optimization model was tested on simulated datasets created to develop and analyze different case scenarios for the stated multimodal transportation problem. The comparative analysis of these two solution approaches is provided from the perspective of experimental performance as well as theoretical consideration. The findings of study can be applied to multi-echelon multimodal transportation networks in real practices targeting overall cost reduction and profit maximization of the logistic services for B2C e-commerce platforms.

Item Type: Book Section
Keywords: Swarm Intelligence | Single and Multi-objective Optimization | Bayesian Networks | Data Visualization
Subjects: Social Sciences and humanities > Business, Management and Accounting > Management Information Systems
Social Sciences and humanities > Business, Management and Accounting > Management of Technology and Innovation
Social Sciences and humanities > Social Sciences > Social Sciences (General)
JGU School/Centre: Jindal Global Business School
Depositing User: Subhajit Bhattacharjee
Date Deposited: 14 Aug 2024 11:12
Last Modified: 14 Aug 2024 11:12
Official URL: https://doi.org/10.1007/978-981-97-3180-0_47
URI: https://pure.jgu.edu.in/id/eprint/8264

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