DocumentCode
3167838
Title
Study of EOQ-based inventory and transportation
Author
Song, Zhilan ; Liu, Yueyi ; Deng, Yu
Author_Institution
Sch. of Bus., Yunnan Univ. of Finance & Econ., Kunming, China
fYear
2011
fDate
8-10 Aug. 2011
Firstpage
643
Lastpage
647
Abstract
Nowadays, enterprises survive in a competitive environment. Logistics is looked as “the third profit source” which has big potential in reducing the cost of operations. Especially inventory and transportation occupy a considerable proportion in logistics cost. So reduce the cost becomes the key to reduce it. However, China´s enterprises consider how to reduce transport cost or inventory cost only, ignoring the relation between the two parts, making the logistics systemic operating cost high. The paper takes full consideration of antinomies of transportation and inventory cost and use systemic thinking to low the operating cost in order to provide a solution to the two costs.
Keywords
inventory management; logistics; transportation; China enterprise; EOQ-based inventory; competitive environment; inventory cost; logistics systemic operating cost; systemic thinking; transport cost; transportation; Analytical models; Computational modeling; Economics; Inventory control; Inventory management; Logistics; Transportation; EOQ model; Integrated optimization; Inventory control; Transportation management;
fLanguage
English
Publisher
ieee
Conference_Titel
Artificial Intelligence, Management Science and Electronic Commerce (AIMSEC), 2011 2nd International Conference on
Conference_Location
Deng Leng
Print_ISBN
978-1-4577-0535-9
Type
conf
DOI
10.1109/AIMSEC.2011.6010287
Filename
6010287
Link To Document