This week’s topics
Modal Selection and Transport Optimization
- Total cost of logistics analysis
- Transit time vs inventory holding trade-offs
- Cargo criticality, perishability, and security requirements
- Multimodal and synchromodal freight strategies
- MITx MicroMasters SC1x - Live Event 1A - Total Cost Equation
- Supply chain network design and inventory management for cost-efficient, in-time, perfect deliveries
What you will be able to do
- 2.1 Evaluate the advantages and disadvantages of the different modes of transportation.
- 2.3 Discuss factors affecting the selection of specified modes/s of transport in an organisation.
Activity
Start with this week’s 2 videos, then: Seminar, guided reading and a short written task: evaluate the advantages and disadvantages of the different modes of transportation.
Study materials
Videos
- MITx MicroMasters SC1x - Live Event 1A - Total Cost Equation · YouTube · MIT Center for Transportation & Logistics · 20 min · for registered students
- Supply chain network design and inventory management for cost-efficient, in-time, perfect deliveries · YouTube · MIT Center for Transportation & Logistics · 50 min · for registered students
Further resources
- MIT OCW ESD.260J Logistics Systems (Fall 2006), Transportation I: fundamentals and strategic networks · PDF · MIT OpenCourseWare, slides · for registered students
- Introduction to Logistics, ch. 4: Modes of Transportation · Reading · Other, textbook chapter; PDF pp. 51–99 · for registered students
- Future of freight: a long-term plan (DfT, 2022) · PDF · GOV.UK, report; 134 pages · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.