Route Optimization (RO) is an operational planning exercise that has the potential to generate significant cost efficiency opportunities. If you are a Transportation executive looking to leverage RO but are not familiar with what are some of the commonly used RO scenarios, this post will give you a very brief high level understanding of four commonly used RO scenarios.
The slides below are from a presentation that I created and used when I was teaching an Industrial Engineering class as a guest lecturer in University of Louisville. The original slides had additional technical details like overview of algorithms for each type etc. which I have excluded here. If you are interested in the entire deck, please feel free to reach out to me on (singhkum@umich.edu).
Standard Optimization
Backhaul Optimization
Interleaved Optimization
Asset Optimization
