A Novel Optimization Method on Logistics Operation for Warehouse & Port Enterprises Based on Game Theory
Abstract: The following
investigation aims to deal with the competitive relationship among different
warehouses & ports in the same company.
Design/methodology/approach: In this paper, Game Theory is used in
carrying out the optimization model. Genetic Algorithm is used to solve the
model.
Findings: Unnecessary competition will rise up if there is little
internal communication among different warehouses & ports in one company.
This paper carries out a novel optimization method on warehouse & port
logistics operation model.
Originality/value: Warehouse logistics business is a combination of
warehousing services and terminal services which is provided by port logistics
through the existing port infrastructure on the basis of a port. The newly
proposed method can help to optimize logistics operation model for warehouse
& port enterprises effectively. We set Sinotrans Guangdong Company as an example
to illustrate the newly proposed method. Finally, according to the case study,
this paper gives some responses and suggestions on logistics operation in
Sinotrans Guangdong warehouse & port for its future development.
Author: Junyang Li, Xiaomin
Zhu, Runtong Zhang
Journal Code: jptindustrigg130043
