Developing and validating a national logistics cost in Thailand

Banomyong, Ruth; Grant, David; Varadejsatitwong, Paitoon; Julagasigorn, Puthipong

doi:10.1016/j.tranpol.2021.04.026

Cited by 10 publications

(3 citation statements)

References 25 publications

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“…Different initial inventory levels were investigated using an optimal-control-theoretic technique. Banomyong et al ( 2022 ) conducted a study in order to calculate the national logistics cost in Thailand per gross domestic product considering inventory-carrying cost as one of the most effective factors. The interest rate was incorporated into the model as the main factor influencing the inventory-carrying cost.…”

Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: A mathematical model to investigate the interactive effects of important economic factors on the behaviors of retailers

Khakbaz

Tirkolaee

2022

Ann Oper Res

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Cost management is a key step to the success of any logistics system and supply chain management. Inventory costs are an important part of logistics costs which are highly affected by economic factors such as demand growth rate (DGR), interest rate ( ), and inflation rate ( ). Analyzing the interactive effects of these economic factors plays a key role in preventing failures of logistics systems This study aims to develop a novel mathematical model and investigate the interactive effects of these factors on the behavior of retailers in Iran. To the best of our knowledge, this is the first time that the sale price is defined as a function of time and inflation rate where the demand rate is built up with a linear function of time. Different scenarios and sub-scenarios are then taken into consideration based on different combinations of factors and assumptions. As the main findings of the study, it is revealed that if or , holding costs are much higher than buying costs, and retailers are reluctant to invest in inventories. Given that DGR is independent of the inflation rate, and also if or , then DGR fluctuations have no impact on the total cost. Hence, in this case, buying costs are much higher than holding costs, and retailers are eager to invest in inventories instead of bank deposits. Furthermore, it is concluded that decision-makers can use the interest rate as leverage to set the probability of shortages and hoardings. Finally, some useful future research directions are discussed based on the main limitations of the study.

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Section: Literature Reviewmentioning

confidence: 99%

RETRACTED ARTICLE: A mathematical model to investigate the interactive effects of important economic factors on the behaviors of retailers

Khakbaz

Tirkolaee

2022

Ann Oper Res

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“…Biaya logistik yang relatif tinggi masih menjadi tantangan dalam meningkatkan daya saing dan memperbaiki aliran distribusi komoditas di Indonesia. Sejumlah studi (Armstrong & Associates, 2020; Banomyong et al, 2022;Santoso et al, 2021) mengestimasikan bahwa biaya logistik yang relatif tinggi tersebut mencapai 21-23% dari produk domestik bruto (PDB) Indonesia, jauh lebih tinggi daripada negara-negara lainnya yang hanya berkisar pada 11-15% dari PDB (Armstrong & Associates, 2020). Biaya transportasi dan persediaan (inventory) membentuk komponen terbesar dalam biaya logistik nasional, menyumbang 11,80% dan 11,24% terhadap PDB secara berturutturut (Santoso et al, 2021), sebagaimana ditunjukkan dalam Gambar 3.…”

Section: Biaya Logistik Beras Dan Kedelai DI Indonesiaunclassified

Biaya Logistik Beras dan Kedelai: Isu, Tantangan, dan Dampak Kebijakan

Prabowo,

Pudjianto

2023

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“…Relatively high logistics costs remain a challenge to increasing competitiveness and improving commodity distribution flow within Indonesia. A number of studies (Armstrong and Associates, 2020; Banomyong et al, 2022;Santoso et al, 2021) have estimated a relatively high logistics cost for Indonesia at around 21-23% of its GDP, compared to just 11-15% for other developing countries (Armstrong and Associates, 2020). Transportation and inventory costs contribute the largest to total national logistics costs, accounting for 11.80% and 11.24% of the GDP respectively (Santoso et al, 2021), as shown in Figure 3.…”

Section: Logistics Costs Of Rice and Soybeans In Indonesiamentioning

confidence: 99%

Logistics Costs of Rice and Soybean: Issues, Challenges, and the Impact of Regulations

Prabowo,

Pudjianto

2023

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Developing and validating a national logistics cost in Thailand

Cited by 10 publications

References 25 publications

RETRACTED ARTICLE: A mathematical model to investigate the interactive effects of important economic factors on the behaviors of retailers

RETRACTED ARTICLE: A mathematical model to investigate the interactive effects of important economic factors on the behaviors of retailers

Biaya Logistik Beras dan Kedelai: Isu, Tantangan, dan Dampak Kebijakan

Logistics Costs of Rice and Soybean: Issues, Challenges, and the Impact of Regulations

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