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

Qiu Hong Zhao; Shou Yang Wang; K. K. Lai; Guo Ping Xia

doi:10.1016/j.cie.2003.12.019

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

Qiu Hong Zhao
, Shou Yang Wang^*
, K. K. Lai
, Guo Ping Xia

^*此作品的通讯作者

经济管理学院

科研成果: 期刊稿件 › 文章 › 同行评审

58 引用（Scopus）

摘要

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.

源语言	英语
页（从-至）	389-397
页数	9
期刊	Computers and Industrial Engineering
卷	46
期	2
DOI	https://doi.org/10.1016/j.cie.2003.12.019
出版状态	已出版 - 4月 2004

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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.",

keywords = "Economic order quantity formula, Logistics management, Transportation cost",

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AB - 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.

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KW - Logistics management

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DO - 10.1016/j.cie.2003.12.019

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ER -

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

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