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Practice Summaries: American Airlines Uses Should-Cost Modeling to Assess the Uncertainty of Bids for Its Full-Truckload Shipment Routes

Author

Listed:
  • Michael J. Bailey

    (College of Management, North Carolina State University, Raleigh, North Carolina 27695)

  • John Snapp

    (College of Management, North Carolina State University, Raleigh, North Carolina 27695)

  • Subramani Yetur

    (College of Management, North Carolina State University, Raleigh, North Carolina 27695)

  • Jeffrey S. Stonebraker

    (College of Management, North Carolina State University, Raleigh, North Carolina 27695)

  • Steven A. Edwards

    (College of Management, North Carolina State University, Raleigh, North Carolina 27695)

  • Aaron Davis

    (American Airlines, Inc., Tulsa, Oklahoma 74116)

  • Robert Cox

    (American Airlines, Inc., Tulsa, Oklahoma 74116)

Abstract

We used decision analysis to develop a probabilistic model to help American Airlines assess the uncertainty of bid quotes for its full-truckload (FTL) point-to-point freight shipments of maintenance equipment and in-flight service items in the United States. The model reduced the airline's risk of overpaying an FTL supplier.

Suggested Citation

  • Michael J. Bailey & John Snapp & Subramani Yetur & Jeffrey S. Stonebraker & Steven A. Edwards & Aaron Davis & Robert Cox, 2011. "Practice Summaries: American Airlines Uses Should-Cost Modeling to Assess the Uncertainty of Bids for Its Full-Truckload Shipment Routes," Interfaces, INFORMS, vol. 41(2), pages 194-196, April.
    • Handle: RePEc:inm:orinte:v:41:y:2011:i:2:p:194-196
    DOI: 10.1287/inte.1100.0515
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    Cited by:

    1. Robert B. Handfield & Steven A. Edwards & Jeffrey S. Stonebraker, 2011. "NC State's Supply Chain Resource Cooperative Educates in the Real World," Interfaces, INFORMS, vol. 41(6), pages 548-563, December.

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