Models in Logistics Management
Various quantitative models from the Operation Research Literature can be used to address the decision areas in Logistics.
Location models:- These models help in planning the optimal location of plant or warehouses, considering the inbound and outbound transportation costs and infrastructure cost at the locations.
Allocation models:- These models help in optimally allocating commodities from sources to destinations in a multiple sources, multi destination environment. The costs consider for optimization are the production cost, transportation cost and warehousing.Distribution network design models:- These models are usually comprehensive in nature deciding between a two, three or even four stage distribution network, location of warehouses and break bulk points and sometimes even the transport mode choice.Inventory models:- Inventory models play a key role in Logistics Management. The inventories that are directly affected due to outbound logistics are Finished Goods InventoryPipeline …
Location models:- These models help in planning the optimal location of plant or warehouses, considering the inbound and outbound transportation costs and infrastructure cost at the locations.
Allocation models:- These models help in optimally allocating commodities from sources to destinations in a multiple sources, multi destination environment. The costs consider for optimization are the production cost, transportation cost and warehousing.Distribution network design models:- These models are usually comprehensive in nature deciding between a two, three or even four stage distribution network, location of warehouses and break bulk points and sometimes even the transport mode choice.Inventory models:- Inventory models play a key role in Logistics Management. The inventories that are directly affected due to outbound logistics are Finished Goods InventoryPipeline …