Discovery Projects - Grant ID: DP130101114

Funding Activity

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Funded Activity Summary

A complete Stochastic Trans-shipment Decision Model (STDM) to assist logistics practitioners to make cost optimised decisions. This project aims to implement a decision-makng model based on a new mathematical theory in dealing with supply and demand problems for businesses. The purpose is to minimise the expected logistics costs for goods trans-shipment operations along the supply chain, thereby maximising profits and enhancing the competitiveness of Australian companies.

Funded Activity Details

Start Date: 01-2013

End Date: 04-2016

Funding Scheme: Discovery Projects

Funding Amount: $160,000.00

Funder: Australian Research Council