Multimodal Transport Network Optimization Considering Safety Stock under Real-Time Information

Author:

Chen Ming-fei1ORCID,Liu Yan-qiu1,Song Yang12ORCID,Sun Qi3ORCID,Cong Chuang-chuang4

Affiliation:

1. School of Management, Shenyang University of Technology, Shenyang 110870, China

2. Department of Economics and Management, Liaoning Finance Vocational College, Shenyang 110122, China

3. Antai College of Economics & Management, Shanghai Jiao Tong University, Shanghai 200030, China

4. School of Foreign Studies, Shenyang University of Technology, Shenyang 110870, China

Abstract

A production department and two distribution departments form a multimodal logistics supply network. The production department provides two ordering opportunities within one production cycle, and the real-time updates of demand information are required in the interval between two orders. Based on this, the paper studies the security inventory optimization problem of multimodal transport networks. On the basis of portraying the real-time information update process, the multimodal network optimization model without considering safety stock and the multimodal network optimization model considering safety stock are constructed, respectively, and the transshipment price and demand information of the intermodal network are updated. The parameters are analyzed for sensitivity. The analysis of examples shows that, on the one hand, with the update of demand information, the distribution department adopts the multimodal transport model with safety stock to improve the profit of the distribution department and the supply network. On the other hand, the production sector can meet market demand with a lower production scale, while the distribution department can effectively respond to stochastic demand through a multimodal model with safety stock.

Funder

National Natural Science Foundation of China

Publisher

Hindawi Limited

Subject

Modeling and Simulation

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