Optimized Truck Scheduling and Fuel Inventory Management for Energy Dispatch
Student Team
Rohan Aggarwal, Hailey Bae, Jacob Evans, Nathaniel Jones, Zubbia Saeed, and William Seo
Faculty Advisor
Dima Nazzal
Energy Dispatch, a dedicated fuel hauler for RaceTrac Petroleum, has been experiencing excessive transportation costs due to real-time fuel replenishment at the gas stations combined with manual truck scheduling of fuel deliveries. The team provided an optimization model to better schedule deliveries and assign trucks to gas stations, as well as a combination of a demand forecasting model and an inventory policy to manage store fuel inventory. By providing a user interface that integrates these models, annual transportation costs and inventory holding costs are drastically reduced to provide savings of an upwards of $5.8 million per year.
Spring 2015