ENGINEERING ECONOMIC ENHANCED EBOOK
14th Edition
ISBN: 9780190931940
Author: NEWNAN
Publisher: OXF
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Question
Chapter 10, Problem 1QTC
To determine
The benefits of crowdshipping for large shippers or small scale organization.
Expert Solution & Answer
Answer to Problem 1QTC
The benefit of crowd shipping is, that it is one of the cheapest and one the fastest method of shipping.
Explanation of Solution
In crowdshipping, the courier closest to the delivery point is selected for the shipment. There are many benefits of selecting crowdshipping. Some of the benefits of crowdshipping for large shipper and or small scale organization are as follows:
- It is one of the cheapest, methods of shipping.
- It is done through social networking site, so any one can
- It will reduce annual emission of fuel.
- There will be low overhead charge in crowdshipping.
- It will reduce warehousing charges.
- It provides one day delivery or sometime even less, therefore it is very fast method of delivery.
Economics Concept Introduction
Introduction: Travelers, during his journey picks up the parcel or shipment and then deliver it. The process of delivery by an outsourced person is termed crowdshipping. In this method the customer cannot track the shipment but it is one of the cheapest methods of shipping.
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Students have asked these similar questions
The figure to the right shows the economy initially in equilibrium at output
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Chapter 10 Solutions
ENGINEERING ECONOMIC ENHANCED EBOOK
Ch. 10 - Prob. 1QTCCh. 10 - Prob. 2QTCCh. 10 - Prob. 3QTCCh. 10 - Prob. 1PCh. 10 - Prob. 2PCh. 10 - Prob. 3PCh. 10 - Prob. 4PCh. 10 - Prob. 5PCh. 10 - Prob. 6PCh. 10 - Prob. 7P
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