2018
DOI: 10.22306/al.v5i3.98
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Facility Location Model With Inventory Transportation and Management Costs

Abstract: This work is focused on the integration of the standard EOQ (Economic Order Quantity) model within the facility location decision model. This is proposed to extend on the facility location task which is usually performed based on just the overall demand of the customer locations to be served. If the inventory costs are considered within the demand supply process, these may affect the overall transportation costs as these are not linearly dependent of the demand. As such, the extended model considers, besides t… Show more

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Cited by 6 publications
(6 citation statements)
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“…Where C o is the ordering cost per lot, C h is the holding cost per unit of product, and D is the cumulative demand through a planning horizon [22]. As presented in Figure 11, Q can also be understood as the lot size that equals the total order cost with the total holding cost through a planning horizon (and this leads to minimize T): Under the assumption of independence, Q i can be optimally computed by using Eq.…”
Section: Genetic Algorithm For Production and Selection Of Goods 31 mentioning
confidence: 99%
See 1 more Smart Citation
“…Where C o is the ordering cost per lot, C h is the holding cost per unit of product, and D is the cumulative demand through a planning horizon [22]. As presented in Figure 11, Q can also be understood as the lot size that equals the total order cost with the total holding cost through a planning horizon (and this leads to minimize T): Under the assumption of independence, Q i can be optimally computed by using Eq.…”
Section: Genetic Algorithm For Production and Selection Of Goods 31 mentioning
confidence: 99%
“…As presented in Figure 11, Q can also be understood as the lot size that equals the total order cost with the total holding cost through a planning horizon (and this leads to minimize T): Under the assumption of independence, Q i can be optimally computed by using Eq. (3) for each item [22]. Thus, for the present case, the GA is only developed to verify its efficiency to solve the EOQ to optimality with a large N.…”
Section: Genetic Algorithm For Production and Selection Of Goods 31 mentioning
confidence: 99%
“…• Much more clarity is needed to better understand the true quality of performance, consistent reporting on train departure and arrival accuracy, protocols of planned and actual average train speeds for combined transport, etc. [14]. Systematic quality monitoring should be possible for rail freight customers, such as combined transport operators and their representative organization such as the UIRR, provided that the European Commission (through the European Railway Agency) intends to intensify its rail freight quality monitoring activities [1,2,16].…”
Section: Improving the Quality Of Rail Freight Servicementioning
confidence: 99%
“…hierarchy-should be established to provide the basis for well-managed train traffic on mixed lines. This priority procedure could be ensured on a fair, nondiscriminatory basis, ensuring the quality of the lines for profitable rail freight [7,14].…”
Section: • Categories Of European Train Paths and Theirmentioning
confidence: 99%
“…The company must always try to improve the quality of its production while at the same time striking a balance between the best quality and extraordinary costs for the company. [2]. Many studies have examined the measurement of quality costs and the quality level.…”
Section: Introductionmentioning
confidence: 99%