Article
Moving beyond trade-OFFS
Logisticians are trained to identify trade‐offs and to devise compromising solutions which produce the lowest total costs. For example, the economic batch size is a compromise between setup costs and inventory carrying costs. Presents a problem‐analysis technique which helps the analyst to eliminate the problem so that no compromise is necessary. For example, instead of balancing inventory‐carrying costs and setup costs a solution which produces both lower setup costs and lower inventory‐carrying costs would be sought. Discusses a description of the techniques and several examples of its application to logistical problems.
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Modelling choice in logistics: a managerial guide and application | Vol. 42 No. 2, 2012 | en |
Inventory control in environments with short lead times | Vol. 37 No. 2, 2007 pp. 115-130 | en |