Analysis and Optimization of Transportation Logistics for Supply Chain Management of Perishable Goods using Monte Carlo Simulation

Autor: Pol Sonia Mahendra, Rayte Aniket, Patil Bhushan T., Joshi Ketaki N.
Jazyk: English<br />French
Rok vydání: 2024
Předmět:
Zdroj: E3S Web of Conferences, Vol 559, p 04004 (2024)
Druh dokumentu: article
ISSN: 2267-1242
DOI: 10.1051/e3sconf/202455904004
Popis: In the realm of intelligent transportation, the global logistics and supply chain industry grapples with the challenges of the transportation of perishable goods. This paper advocates for the optimization of perishable goods transportation through the application of Monte Carlo Simulation, a sophisticated tool to analyse traffic patterns and refine route selection. Targeting decision-makers, the study aims to unravel the intricate relationship between traffic dynamics, route choices, and product perishability. Historical traffic data, perishability rates, and route information are the basis for simulating the impact of traffic hours on goods perishing. The model actively seeks routes that minimise perished goods, employing Monte Carlo simulation to quantitatively assess the risks and benefits of various strategies. By presenting a data-driven framework, the research enhances supply chain efficiency, curbs losses of perished goods, and encourages the adoption of sustainable and intelligent transportation methods within the industry.
Databáze: Directory of Open Access Journals