Logistics Cost Minimization, An approach with Operations Research Models

Dr.D.Ghosh

Volume : V, Issue : XII, December - 2015

Logistics Cost Minimization, An approach with Operations Research Models

Dr. D. Ghosh

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 management and warehouse management. The operations managers need to know the cost associated with the business logistics. 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 operations research techniques in the areas of transportation management, inventory management and warehouse management issues.