• 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