Building means of comparing these two hypothetical modes

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Discuss how you would decide between a freight transit mode that is faster (i.e., lower mean transit time), but less reliable (i.e., higher transit time variance), and a mode that is slower but more reliable? What aspects of the joint transportation-inventory models discussed in this chapter are affected by the mode choice and how could you use that knowledge in building a means of comparing these two hypothetical modes?

Reference no: EM132114208

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