Logistics Cost Minimization, An approach with Operations Research Models
Journal Title: IJAR-Indian Journal of Applied Research - Year 2015, Vol 5, Issue 12
Abstract
Logistics functions are very important for successful business operations. Without logistics the business will not be able to compete in the market. The important components of logistics are transportation, inventory mana-ge ment and warehouse management. The operations managers need to know the cost associated with the business lo-gis tics. For successful business functions the managers need to minimize cost of every activity. The Operations Research is very interesting field of study where the models of business can have good solution. The current paper will make an attempt to apply Operations Research tools in business logistics, so that operations managers can minimize the total logistics cost and thereby the competitiveness in business logistics can be achieved. The paper thus applied the op-era tions research techniques in the areas of transportation management, inventory management and warehouse man-age ment issues.
Authors and Affiliations
Dr. D. Ghosh
Keywords
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