Quantum Computing Applications in Real-Time Route Optimization for Supply Chains
Rama Krishna Vaddy, Balaji Dhamodharan, Anupriya Jain · Advances in logistics, operations, and management science book series · 2024
This chapter explores the transformative potential of quantum computing in the context of real-time route optimization for supply chains. In today's dynamic business environment, efficient logistics operations are essential for meeting customer demands while minimizing costs and maximizing efficiency. Traditional route optimization techniques often struggle to adapt to rapidly changing variables and dynamic environments. However, quantum computing offers a paradigm shift by harnessing the principles of superposition and entanglement to explore multiple route possibilities simultaneously and identify the most optimal solutions in real-time. This chapter examines the principles of quantum computing and their applications in route optimization algorithms tailored for supply chain logistics. Through case studies and practical examples, the chapter demonstrates how quantum computing can revolutionize route planning and scheduling, leading to reduced transportation costs, improved delivery times, and enhanced overall supply chain performance.