Integration in Logistics Planning and Optimization

Fahimnia, B; Molaei, R; Ebrahimi, MH

Integration in Logistics Planning and Optimization

Fahimnia, B Molaei, R Ebrahimi, MH

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Publication Type:: Chapter
Citation:: Logistics Operations and Management, 2011, pp. 371 - 391
Issue Date:: 2011-12-01

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Field	Value	Language
dc.contributor.author	Fahimnia, B	en_US
dc.contributor.author	Molaei, R	en_US
dc.contributor.author	Ebrahimi, MH	en_US
dc.date.issued	2011-12-01	en_US
dc.identifier.citation	Logistics Operations and Management, 2011, pp. 371 - 391	en_US
dc.identifier.isbn	9780123852021	en_US
dc.identifier.uri	http://hdl.handle.net/10453/29933
dc.description.abstract	Logistics planning (LP) is the process of integrating and utilizing suppliers, manufacturers, warehouses, and retailers so that products are produced and delivered at the right quantities and at the right time while minimizing costs and satisfying customer requirements. Implementation of LS has crucial impacts on a company's financial performance and LP optimization is essential to achieve globally optimized operations. The six major cost components that form the overall logistics costs are raw material costs, costs of raw material transportation from vendors to manufacturing plants, production costs at manufacturing plants, transportation costs from plants to warehouses, inventory or storage costs at warehouses, and transportation costs from warehouses to end users. In a logistics optimization model, the overall systemwide costs are to be minimized through effective procurement, production, distribution, and inventory management. It is widely acknowledged that many benefits can be achieved by treating a logistics network as a whole (integration in LS) for optimization purposes, which requires the simultaneous minimization of all systemwide costs. © 2011 Elsevier Inc. All rights reserved.	en_US
dc.relation.ispartof	Logistics Operations and Management	en_US
dc.relation.isbasedon	10.1016/B978-0-12-385202-1.00018-9	en_US
dc.title	Integration in Logistics Planning and Optimization	en_US
dc.type	Chapter
utslib.for	150309 Logistics and Supply Chain Management	en_US
utslib.for	010206 Operations Research	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US

Abstract:

Logistics planning (LP) is the process of integrating and utilizing suppliers, manufacturers, warehouses, and retailers so that products are produced and delivered at the right quantities and at the right time while minimizing costs and satisfying customer requirements. Implementation of LS has crucial impacts on a company's financial performance and LP optimization is essential to achieve globally optimized operations. The six major cost components that form the overall logistics costs are raw material costs, costs of raw material transportation from vendors to manufacturing plants, production costs at manufacturing plants, transportation costs from plants to warehouses, inventory or storage costs at warehouses, and transportation costs from warehouses to end users. In a logistics optimization model, the overall systemwide costs are to be minimized through effective procurement, production, distribution, and inventory management. It is widely acknowledged that many benefits can be achieved by treating a logistics network as a whole (integration in LS) for optimization purposes, which requires the simultaneous minimization of all systemwide costs. © 2011 Elsevier Inc. All rights reserved.

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http://hdl.handle.net/10453/29933