Cost-Estimation of Drayage Logistics Operations For Small To Mid-Size Firms

This paper focuses on developing a cost-estimation model for the road freight industry to enable small to mid-size logistics firms to make more informed business decisions. The study concentrates on historical sales data associated with the drayage business unit of Company X. The final model based on this data is a multiple-linear regression utilizing total miles, number of drivers, fuel surcharge rate, and number of moves in the service week as inputs to estimate the total weekly cost. The paper also identifies further improvements to be made to the model for improved accuracy.

Advisor: Dr. Robert Voigt - Professor, Harold & Inge Marcus Department of Industrial & Manufacturing Engineering

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Work Title Cost-Estimation of Drayage Logistics Operations For Small To Mid-Size Firms
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Penn State
Creators
  1. Aayush Mukesh Shah
Keyword
  1. Drayage
  2. Logistics
  3. Cost Analysis
  4. Regression Analysis
  5. Predictive Modeling
License In Copyright (Rights Reserved)
Work Type Research Paper
Acknowledgments
  1. Robert Voigt
  2. Rovert A. Novack
Publication Date 2023
Deposited March 21, 2023

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    Acknowledgments
    • Robert Voigt, Rovert A. Novack
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    Work Title
    • Cost-Estimation Of Drayage Logistics Operations For Small To Mid-Size Firms
    • Cost-Estimation of Drayage Logistics Operations For Small To Mid-Size Firms
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