Conference Interactive Program
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TRB 90th Annual Meeting (January 23-27, 2011)
Modeling Theories and Practices in Freight Planning and Logistics
Jan 26 2011 2:30PM- 5:00PM
Shoreham, Blue Room Foyer
Supply Chain Broker Operations: Network Perspective (11-1544)
This paper presents a network analysis of spot-market broker operations in supply chain management, with a case study of a brokerage firm. By modeling the connections between brokers and vendors, we define metrics that correlate the strategies for selecting the vendors with profitability, which allows for the identification of new operating policies. We find that it is not just the number of interactions between brokers and vendors that impact profitability, but also the quality of those interactions. We quantify the quality of interactions and demonstrate the extent to which this approach can yield operating policy guidelines and serve as a tool to evaluate broker performance.
Huang, Michael , Northwestern University
Smilowitz, Karen , Northwestern University
Homem-de-Mello, Tito , University of Illinois, Chicago
Driegert, Bill , Coyote Logistics
Transportation Research Board. 500 Fifth St. NW, Washington, D.C. 20001
Copyright © 2012. National Academy of Sciences. All Rights Reserved.