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A decision making tool considering risk assessment of sub-contracting agents for an air cargo shipment planning problem

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  • Kulak, Osman
  • Genç, Atakan
  • Taner, Mustafa Egemen

Abstract

Development of an efficient shipment plan for air cargo forwarders is a critical to obtaining considerable integration and consolidation savings and to meeting competitive requirements such as target costs. In this paper, we propose a decision making tool to solve a deterministic air cargo shipment planning problem with risk assessment of sub-contracting agents evaluating possible consolidations and integrations. The decision making tool consists of a risk assessment module based on historical data and a shipment planning module that includes a genetic algorithm (GA). Various benchmark instances are generated based on real life data obtained from a worldwide air cargo company to investigate the performance of the proposed methodology. In conclusion, the proposed methodology provide effective solutions in terms of solution quality and computational time.

Suggested Citation

  • Kulak, Osman & Genç, Atakan & Taner, Mustafa Egemen, 2018. "A decision making tool considering risk assessment of sub-contracting agents for an air cargo shipment planning problem," Journal of Air Transport Management, Elsevier, vol. 69(C), pages 123-136.
    • Handle: RePEc:eee:jaitra:v:69:y:2018:i:c:p:123-136
    DOI: 10.1016/j.jairtraman.2018.02.005
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    References listed on IDEAS

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