Model and algorithm of an inventory problem with the consideration of transportation cost

Model and algorithm of an inventory problem with the consideration of transportation cost

0.00 Avg rating0 Votes
Article ID: iaor20042948
Country: Netherlands
Volume: 46
Issue: 2
Start Page Number: 389
End Page Number: 397
Publication Date: Apr 2004
Journal: Computers & Industrial Engineering
Authors: , , ,
Abstract:

In this paper, we address the problem of deciding the optimal ordering quantity and frequency for a supplier–retailer logistic system in which the transportation cost as well as the multiple uses of the vehicles are considered. Based on the traditional economic order quantity (EOQ) formula, a modified EOQ model is set up and an algorithm for the model is presented. Computational results verify the proposed model as well as the efficiency of the algorithm.

Reviews

Required fields are marked *. Your email address will not be published.