Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Applications of the Law of Large Numbers in Logistics
University of Borås, School of Engineering.
2007 (English)Independent thesis Advanced level (degree of Master (One Year))Student thesis
Abstract [en]

One of the most remarkable theories in probability and statistics is the law of large numbers. Law of large numbers describes the behavior of random phenomena when they are reiterated infinitely or in very large trials. Apart from the mathematical exposition of the law of large numbers, its theory and applications have been widely used in gambling houses, financial sectors, and healthcare insurance where uncertainties deteriorate prediction and financial strength. However, the applications of the law of large numbers are not confined to the referred sectors and could be widely applied to industrial organizations and service provider companies in which large number of stochastic phenomena incorporate in their planning. In this thesis, the applications of the law of large numbers are studied in relation to logistics and transportation under conditions of operating in large networks. The results of this study assert that transportation companies can benefit from operating in large networks to increase the filling performance of their vehicles, fleet, etc. Equivalently, according to the law of large numbers the inferior capacity utilization in unit loads, containers, etc. converges to 0 with probability 1 as the size of the network grows.

Place, publisher, year, edition, pages
University of Borås/School of Engineering , 2007.
Series
Magisteruppsats Logistik ; 1
Keywords [en]
law of large numbers, logistics, filling performance, knapsack problem
National Category
Engineering and Technology
Identifiers
URN: urn:nbn:se:hb:diva-18457Local ID: 2320/2155OAI: oai:DiVA.org:hb-18457DiVA, id: diva2:1310374
Note
Uppsatsnivå: DAvailable from: 2019-04-30 Created: 2019-04-30

Open Access in DiVA

fulltext(448 kB)90 downloads
File information
File name FULLTEXT01.pdfFile size 448 kBChecksum SHA-512
ab13e4c60907aaca7bcccc08a51500905cbf1244eb9d9861372922f38605df97e8ccacecddf37b70124733afbf3d9e3c1e9b823ecc50f1ba783e7f03e5baed02
Type fulltextMimetype application/pdf

By organisation
School of Engineering
Engineering and Technology

Search outside of DiVA

GoogleGoogle Scholar
Total: 90 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 4 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf