System for optimizing transportation scheduling and inventory management of bulk product from supply locations to demand locations

System for optimizing transportation scheduling and inventory management of bulk product from supply locations to demand locations

An optimization system for transportation scheduling and inventory management of a bulk product from supply locations to demand locations is provided. The system has a mathematical model containing mathematical programming equations. In one embodiment, the objective function of the mathematical mode...

Ausführliche Beschreibung

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Bibliographische Detailangaben
Hauptverfasser: FURMAN KEVIN C, WARRICK PHILIP H, DURAN MARCO A, MCDONALD MICHAEL K, KOCIS GARY R
Format: Patent
Sprache:eng
Schlagworte:
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
ELECTRIC DIGITAL DATA PROCESSING
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Beschreibung
Zusammenfassung:An optimization system for transportation scheduling and inventory management of a bulk product from supply locations to demand locations is provided. The system has a mathematical model containing mathematical programming equations. In one embodiment, the objective function of the mathematical model is to minimize a cost basis of the product transported. The system also has a database system for data input that interfaces with the mathematical model. The last component of the system is a mathematical optimization solver that solves the equations provided by the mathematical model after the mathematical model receives data from the database system. As a result, the optimization system provides optimized or simulated results for the input data.