Title

Predicting Rich’s Transportation Rates of Unknown Markets

Authors

Boya Zhang

Files

Description

Boya Zhang, Applied Mathematics
Faculty Mentor: Professor Joaquin Carbonara, Mathematics

Rich Products Corporation (also known as Rich's) is a privately held, multinational food-products corporation headquartered in Buffalo, New York. The problem of predicting transportation rates is receiving considerable attention with the establishment of new markets in the United States and Canada. Expanding new markets requires the creation of a new distribution center (DC), and its associated cost of transportation to the point of delivery. The goals of this project were to: (1) analyze historical transportation rates in the south-east and south-central regions; (2) determine appropriate weight brackets and transportation modes (Truckload: TL; Multi-Stop Truckload: MSTL; Less than Truckload: LTL; Intermodal: IM); and (3) use Market rates from the TransPlace database to predict transportation rates for new markets. The current project focuses on TL transportation.

Publication Date

2020

Disciplines

Physical Sciences and Mathematics

Recommended Citation

Zhang, Boya, "Predicting Rich’s Transportation Rates of Unknown Markets" (2020). Mathematics. 22nd Annual Student Research and Creativity Conference. SUNY Buffalo State.
https://digitalcommons.buffalostate.edu/srcc-sp20-math/4