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

Author(s)

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

Related Research Unit(s)

Department of Management Sciences

Detail(s)

Original language	English
Pages (from-to)	389-397
Journal / Publication	Computers and Industrial Engineering
Volume	46
Issue number	2
Publication status	Published - Apr 2004

Link(s)

DOI	DOI https://doi.org/10.1016/j.cie.2003.12.019 Final Published version
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Link to Scopus	https://www.scopus.com/record/display.uri?eid=2-s2.0-2042501681&origin=recordpage
Permanent Link	https://scholars.cityu.edu.hk/en/publications/publication(55e10b9f-0806-47b0-bb94-4576157ab982).html

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. © 2004 Published by Elsevier Ltd.

Research Area(s)

Economic order quantity formula, Logistics management, Transportation cost

Citation Format(s)

[ RIS ] [ BibTeX ]

Model and algorithm of an inventory problem with the consideration of transportation cost. / Zhao, Qiu-Hong; Wang, Shou-Yang; Lai, K. K. et al.
In: Computers and Industrial Engineering, Vol. 46, No. 2, 04.2004, p. 389-397.

Research output: Journal Publications and Reviews › RGC 21 - Publication in refereed journal › peer-review

Zhao, Q-H, Wang, S-Y, Lai, KK & Xia, G-P 2004, 'Model and algorithm of an inventory problem with the consideration of transportation cost', Computers and Industrial Engineering, vol. 46, no. 2, pp. 389-397. https://doi.org/10.1016/j.cie.2003.12.019

Zhao, Q.-H., Wang, S.-Y., Lai, K. K., & Xia, G.-P. (2004). Model and algorithm of an inventory problem with the consideration of transportation cost. Computers and Industrial Engineering, 46(2), 389-397. https://doi.org/10.1016/j.cie.2003.12.019

Zhao QH, Wang SY, Lai KK, Xia GP. Model and algorithm of an inventory problem with the consideration of transportation cost. Computers and Industrial Engineering. 2004 Apr;46(2):389-397. doi: 10.1016/j.cie.2003.12.019

Zhao, Qiu-Hong ; Wang, Shou-Yang ; Lai, K. K. et al. / Model and algorithm of an inventory problem with the consideration of transportation cost. In: Computers and Industrial Engineering. 2004 ; Vol. 46, No. 2. pp. 389-397.