S'-HERTOGENBOSCH, The Netherlands, May 28, 2013 /PRNewswire/ --
Quintiq, a global leader in supply chain planning and optimization (SCP&O), has set four vehicle routing world records in independent benchmarks. Quintiq's achievements have been verified and recorded by SINTEF, the largest independent research center in Scandinavia, on its Transportation Optimization Portal.
(Logo: http://photos.prnewswire.com/prnh/20130328/606756)
Using the company's SCP&O platform, Quintiq created optimization solutions for Vehicle Routing Problem with Time Windows (VRPTW) benchmarks, which are among the most studied combinatorial optimization problems in the world. The benchmarks Quintiq targeted are the largest VRPTW instances and have the most practical relevance for business with large-scale logistics operations.
The four logistics benchmarks involve 1,000 customer delivery locations with varying delivery time windows, 100 available vehicles to make deliveries, all departing from a central depot. The four benchmarks are differentiated by decreasing the customer time windows available. For each of the benchmarks Quintiq devised routes to make all deliveries within the parameters of the benchmark. The goal of each benchmark is to generate a route plan that requires the least number of miles travelled. The routes Quintiq devised generated the least miles required for each of the four benchmarks this surpassing every prior optimization attempt.
"Finding good solutions to Gehring & Homberger's benchmarks is a notable achievement, but to break four world records in the process is a remarkable testament to the capability and expertise we can offer clients," commented Wim Nuijten, Quintiq's VP of Optimization Technology. "The first world record we set was the result of a friendly internal competition between Quintiq's experts. Following that, we wanted to continue with even greater challenges to see what else could be accomplished. The result is clear. We have yet to encounter an optimization challenge that is too large or too complex for Quintiq. Applying world-record optimization technology to a business facing a like challenge would save millions of dollars per year."
Quintiq broke the first world record, C1_10_4, in October 2012 and then improved the results in April 2013. Quintiq went on to break three subsequent world records, C1_10_3, C1_10_9 and C1_10_10, all of which are verified by SINTEF in April 2013.
About Quintiq
Quintiq's revolutionary supply chain planning and optimization (SCP&O) platform enables enterprises to improve efficiency at every stage of the supply chain journey. It powers end-to-end planning and optimization of personnel, resources, and processes in a single planning environment, across all planning horizons. Many of the world's largest and most successful enterprises rely on Quintiq to achieve their business goals, strengthen their competitive advantage, and create new revenue streams.
Established in 1997 and growing rapidly, Quintiq has a global presence with dual headquarters in the Netherlands and the USA, a global development center in Malaysia, and offices around the world. Quintiq's software is in use at over 500 locations in 78 countries worldwide.
For more information, visit http://www.quintiq.com or follow Quintiq on Twitter, Facebook, LinkedIn and YouTube.
Press Contacts:
North America Enquiries
Jon Temerlies
Racepoint Group
Tel: +1-202-349-0859
Quintiq@Racepointgroup.com
EMEA Enquiries
Charlotte Poh
Global Marketing Communication Manager
Tel: +31(0)736910739
pressrelease@quintiq.com
