Proceedings of ICLT 2017
A CONCEPTUAL FRAMEWORK OF WEIGHTED MODIFIED OVERALL VEHICLE EFFECTIVENESS
Pakitta Assavavichai; Poti Chao
Graduate Program in Logistics Engineering and Supply Chain Management, Department of Industrial; Supply Chain and Engineering Management Research Unit, Faculty of Engineering, Chiang Mai University, Chiang Mai, Thailand
International Conference on Logistics & Transport 2017, Bangkok, Thailand, pp. 9-17
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Abstract
Purpose: This paper aims to improve the original Modified Overall Vehicle Efficiency (MOVE) to make it become more appropriate in different perspective in each industry. MOVE can be helpful for monitoring and measuring vehicle performance for road freight transportation. To achieve this effectively, this paper proposed a newly calculating methodology by using a simpler weight setting method in every single elements of MOVE model. Design/methodology/approach: First, literature review of vehicle performance measurement and weight setting method are conducted. Second, the suitable measurement tool are selected for interested industry to adapt the formula to be more appropriate. Finally, the proper weighting method are added into the calculating formula to make it fit for industry goal. Findings: This paper shows list of tools that developed from Overall Vehicle Effectiveness (OVE) and weighting method used in similar measurement. Research limitations/implications: (if applicable): This paper only focused on OVE based measurement tool and none complicated weight setting method to make it easier for the industry to be implemented. Practical implications: (if applicable): The proposed of this modified model will allowed industry to be able to measure the specific interested measurement by combining the appropriate tool for their interesting. Originality/value: This conceptual framework shows the newly calculating method combined the traditional MOVE approach with the weighted MOVE approach. This can solve the problem of MOVE which is each element in model are not equally important, the different weight in each element in MOVE model should be taken into account to increased effective of measurement.
Keywords
Modified Overall Vehicle Effectiveness; Rank Order Centroid; Combined Series and Parallel Systems; Transport; Performance Measurement
Citation
Pakitta Assavavichai; Poti Chao (2017). A CONCEPTUAL FRAMEWORK OF WEIGHTED MODIFIED OVERALL VEHICLE EFFECTIVENESS. Proceedings of the International Conference on Logistics & Transport (ICLT 2017), Bangkok, Thailand, pp. 9-17.