Competitive supplier bidding in supply chains. This project will use mathematical modelling to contribute to better management practice in dealing with procurement. With the increasing use of auctions and sophisticated bidding procedures it is essential to improve our understanding of this important area.
A complete Stochastic Trans-shipment Decision Model (STDM) to assist logistics practitioners to make cost optimised decisions. This project aims to implement a decision-makng model based on a new mathematical theory in dealing with supply and demand problems for businesses. The purpose is to minimise the expected logistics costs for goods trans-shipment operations along the supply chain, thereby maximising profits and enhancing the competitiveness of Australian companies.