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Optimizing Logistics in Formula 1: Simplifying Complex Race Season Schedules
- 1 Guangzhou Maritime University
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Abstract
This article examines the global logistics challenges of the Formula 1 season. Throughout the season, F1 needs to hold races in 21 different locations worldwide, and each race requires hundreds of people working together behind the scenes to ensure that everything is ready within the specified time. As a highly challenging sporting event, F1’s ten teams must configure optimal facilities in 21 temporary headquarters and rely on partners such as DHL to transport over one thousand tons of equipment which worth millions of dollars to the competition venues. Shipping equipment and racing parts involve complex logistics across continents, with risks of delays. Solutions include prioritizing tracking and scheduling races in adjacent geographic areas to reduce transportation costs and risks. The article also explores ways to resolve logistical complexities in the F1 season schedule, including considering trucks as the primary mode of transport, concentrating races in the same geographical area and rearranging the season calendar to reduce transport costs and enable sustainable racing operations.
Keywords
formula 1, logistics challenges, season schedule
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Cite this article
Li,X. (2023). Optimizing Logistics in Formula 1: Simplifying Complex Race Season Schedules. Advances in Economics, Management and Political Sciences,62,188-191.
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Volume title: Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
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