LOGISTICS AND SUPPLY CHAIN STRATEGIES IN GRAIN EXPORTING

During the past decade, the grain shipping industry has become highly competitive and technologically advanced. These changes, along with the introduction of innovative shipping mechanisms, have made logistics management an important source of opportunity and risk for grain shippers. In this study, a stochastic simulation model was developed to evaluate the tradeoffs and effects of key variables on logistical performance in managing the grain supply chain. Average demurrage cost for the supply chain was $2.03 million with the greatest cost being for railcars and the least cost being for barges. Of the stochastic variables modeled, changes in export demand had the greatest impact on demurrage costs.


Issue Date:
2001
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/23614
Total Pages:
37
Series Statement:
Agribusiness and Applied Economics Report No. 457




 Record created 2017-04-01, last modified 2017-11-20

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