A stochastic fleet composition problem

In this paper, we consider the problem of forming a new vehicle fleet, consisting of multiple vehicle types, to cater for uncertain future requirements. The problem is to choose the number of vehicles of each type to purchase so that the total expected cost of operating the fleet is minimized. The t...

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Bibliographic Details
Main Authors: Loxton, Ryan, Lin, Qun, Teo, Kok Lay
Format: Journal Article
Published: ELSEVIER 2012
Subjects:
Online Access:http://hdl.handle.net/20.500.11937/31771