TY - GEN
T1 - An Overview of Optimization Models and Technological Trends of Logistics in the Retail Sector
AU - Llivisaca, Juan
AU - Jadan-Avilés, Diana
AU - Guamán, Rodrigo
AU - Arcentales-Carrion, Rodrigo
AU - Peña, Mario
AU - Siguenza-Guzman, Lorena
N1 - Publisher Copyright:
© 2022, Springer Nature Switzerland AG.
PY - 2022
Y1 - 2022
N2 - Recently, the e-commerce market has grown rapidly. For example, e-commerce generated sales of USD 504 billion in the US from January 1, 2020, to July 1, 2020, representing an increase of 11.58% over the same period in 2019. This growth has forced the retail industry has had to adopt strategies to become more efficient. About 40% of many companies ‘available time is devoted to logistics. Because these activities are consuming a disproportionate share of many companies’ time, logistics is a prime topic of interest. In this context, this study aims to present an overview of optimization models and technological trends in logistics in the retail sector. Findings show that retail logistics has focused on reducing costs, time usage, and inventories while increasing transport capacity. Optimization in logistics has focused on using mathematical algorithms such as genetic algorithms with different variants, and simulation has supported testing optimization proposals. Finally, big data, omnichannel, and e-commerce continue to grow, especially in the retail sector where it has grown considerably
AB - Recently, the e-commerce market has grown rapidly. For example, e-commerce generated sales of USD 504 billion in the US from January 1, 2020, to July 1, 2020, representing an increase of 11.58% over the same period in 2019. This growth has forced the retail industry has had to adopt strategies to become more efficient. About 40% of many companies ‘available time is devoted to logistics. Because these activities are consuming a disproportionate share of many companies’ time, logistics is a prime topic of interest. In this context, this study aims to present an overview of optimization models and technological trends in logistics in the retail sector. Findings show that retail logistics has focused on reducing costs, time usage, and inventories while increasing transport capacity. Optimization in logistics has focused on using mathematical algorithms such as genetic algorithms with different variants, and simulation has supported testing optimization proposals. Finally, big data, omnichannel, and e-commerce continue to grow, especially in the retail sector where it has grown considerably
KW - Logistics
KW - Optimization models
KW - Retail
KW - Technological trends
UR - https://www.scopus.com/pages/publications/85128493201
U2 - 10.1007/978-3-031-03884-6_35
DO - 10.1007/978-3-031-03884-6_35
M3 - Contribución a la conferencia
AN - SCOPUS:85128493201
SN - 9783031038839
T3 - Communications in Computer and Information Science
SP - 484
EP - 496
BT - Applied Technologies - 3rd International Conference, ICAT 2021, Proceedings
A2 - Botto-Tobar, Miguel
A2 - Montes León, Sergio
A2 - Torres-Carrión, Pablo
A2 - Zambrano Vizuete, Marcelo
A2 - Durakovic, Benjamin
PB - Springer Science and Business Media Deutschland GmbH
T2 - 3rd International Conference on Applied Technologies, ICAT 2021
Y2 - 27 October 2021 through 29 October 2021
ER -