Performance evaluation of logistics systems under cost and reliability considerations
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Abstract
In this article, both distribution cost and delivery reliability are integrated into performance index Rb,doflogisticssystems.Thetotaldistributioncostisnottoexceedbudgetb, the delivery reliability is the probability that the source distributes a demand d successfully to the destination. A major contribution is that we present a hybrid approach for straightforward computation of the Rb,d.Asofnow,itistheonlyalgorithmthatcancomputeRb,d directly and practically. A real logistics system illustrates the proposed algorithm. In addition, computational results indicate that our algorithm outperforms existing algorithms.Performance Logistics system Cost Reliability Algorithm