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
Showing posts from September, 2017
- Other Apps
By Ajit Mishra (CMILT) -
In Logistics it is very important to choose a right INCO-Terms for your business. Here is a slide show about how to choose a right INCO- Terms if some conditions arise. It is my point of view for this case, may be your views are different. So it is my request to you that please write here your views also for this spacial case. Please write your views either in the comment box or join this site as a member and write your views like a member.