Dynamic Fleet Size and Order Assignment Problem - Coffee Talk

Explore the dynamic fleet size and order assignment problem (DFSOAP) in this 18-minute DS4DM Coffee Talk presented by Natasja Sluijk from Eindhoven University of Technology. Delve into a real-world logistic service provider challenge involving daily decisions on assigning new orders to delivery days and determining the number of additional vehicles to rent. Examine the trade-offs between increasing rental costs and decreasing demand uncertainty. Learn about the formalization of the problem and the sequential stochastic optimization model for DFSOAP. Discover four proposed algorithms (policies) for decision-making in DFSOAP and understand the benefits of assigning multiple orders simultaneously based on preliminary computation results.