Stochastic Programming in Transportation and Logistics

Warren Buckler Powell, Huseyin Topaloglu

Research output: Contribution to journalReview article

59 Scopus citations

Abstract

Freight transportation is characterized by highly dynamic information processes: customers call in orders over time to move freight; the movement of freight over long distances is subject to random delays; equipment failures require last minute changes; and decisions are not always executed in the field according to plan. The high-dimensionality of the decisions involved has made transportation a natural application for the techniques of mathematical programming, but the challenge of modeling dynamic information processes has limited their success. In this chapter, we explore the use of concepts from stochastic programming in the context of resource allocation problems that arise in freight transportation. Since transportation problems are often quite large, we focus on the degree to which some techniques exploit the natural structure of these problems. Experimental work in the context of these applications is quite limited, so we highlight the techniques that appear to be the most promising.

Original languageEnglish (US)
Pages (from-to)555-635
Number of pages81
JournalHandbooks in Operations Research and Management Science
Volume10
Issue numberC
DOIs
StatePublished - Jan 1 2003

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics
  • Computer Science Applications
  • Management Science and Operations Research

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