Optimization Strategies for Modern Transportation and Distribution Network

Authors

  • Zhihan Zhang BSC Mathematics with Finance , Liverpool , University of Liverpool
  • Haoran Li BSC Economics, xi`anjiaotong and liverpool university, suzhou, CN

DOI:

https://doi.org/10.47577/techhub.v7i.125

Abstract

In the contemporary logistics landscape, it is a challenge to figure out the transportation and distribution problem, especially between the factory and the market. Given the increasing consumer expectation for fast delivery, the need for highly effective distribution strategies is more pressing than ever because the manufacturers and retailers have to minimize costs while maximizing efficiency. This paper aims to devise a method to optimize for costs and efficiency, and has certain reference value for how to reduce costs and improve efficiency in the freight industry. The current approach only considers the cost of products, but does not consider the cost occurring from the transportation distance. Therefore, this paper puts forward a model that considers both transportation distance and costs in optimization.

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Published

2024-12-01

How to Cite

Zhang, Z., & Li, H. (2024). Optimization Strategies for Modern Transportation and Distribution Network. TechHub Journal, 7(1), 242–248. https://doi.org/10.47577/techhub.v7i.125