A Recursive Algorithm for Order Cycle-Time that Minimizes Logistics Cost

Heuristic approaches for the inventory-routing problem with backlogging

“…The major components of logistic costs are transportation costs, representing approximately one third, and inventory costs, representing one fifth (Buffa & Munn, 1989). The transportation and inventory cost reduction problems have been thoroughly studied separately; while, the integrated problem has recently attracted more interest in the research community as new ideas of centralized supply chain management systems, such as vendor managed inventory (VMI), have gained acceptance in many supply chain environments.…”