DECISION MAKING UNDER UNCERTAINTY IN INTERNATIONAL FREIGHT TRANSPORTATION

Keywords: game theory, decision criteria, conditions of uncertainty, risk, strategy, international freight transportation, mathematical model

Abstract

The process of international freight transportation is quite complex and cumbersome in terms of the technology of preparatory and final operations, loading and unloading operations, issuance of shipping documents and direct transportation of goods. All this is associated with possible risks that may arise at any stage of the organization and implementation of transportation and, ultimately, to negatively affect the efficiency indicators of the international freight transportation process, such as: delivery time, total costs, quality of transportation in general, etc. Ensuring the maximum level of quality and minimizing the cost of international freight is possible through the optimal choice of measures to reduce the negative impacts of transportation at each stage of the process of delivery of goods from the shipper to the consignee. The article proposes the use of the mathematical apparatus of the statistical games theory during the process of international freight transportation using one’s own and borrowed rolling stock, and aims to reduce the impact of risks that may arise during transportation and thus increase the transport tariff, and accordingly, the total cost of delivery of goods.

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Published
2021-01-17
Citations
How to Cite
Prokudin Georgii, Chupaylenko Оleksii, Prokudin Оleksii, Khobotnia Tetiana, & Nelia Kopiak. (2021). DECISION MAKING UNDER UNCERTAINTY IN INTERNATIONAL FREIGHT TRANSPORTATION. Science Review, (1(36). https://doi.org/10.31435/rsglobal_sr/30012021/7374
Section
Transportation Engineering