Transportation and logistics

Freight transportation dominated our activities in the 1980's and 1990's, and played an important formative role in our approach to modeling. Uncertainty is very important in freight transportation, and was central in our development of the tools NSof approximate dynamic programming for high dimensional stochastic optimization problems.

Some of our more notable activities have included:

See impact on industry for a complete list of projects.

In the late 1990's, our diversity of projects was the motivation behind the modeling framework known as the dynamic resource transformation problem (DRTP). Solving the stochastic, dynamic problems arising in this setting was the primary motivation behind our work to solve high dimensional dynamic programs using the modeling and algorithmic framework of approximate dynamic programming.