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Cited by 160 publications
(90 citation statements)
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“…They showed that the total cost of the system is a piecewise convex function of the ordering levels with discontinuities at the cost breaks, unlike the traditional model where the total cost is convex over the entire range of ordering levels. Swenseth and Godfrey (2002) incorporate the transportation cost into the total annual logistics cost function. Their model also includes a freight rate per pound for a given shipping weight over a given route.…”
Section: Transportation Cost Considerations In Inventory Replenishmenmentioning
confidence: 99%
“…They showed that the total cost of the system is a piecewise convex function of the ordering levels with discontinuities at the cost breaks, unlike the traditional model where the total cost is convex over the entire range of ordering levels. Swenseth and Godfrey (2002) incorporate the transportation cost into the total annual logistics cost function. Their model also includes a freight rate per pound for a given shipping weight over a given route.…”
Section: Transportation Cost Considerations In Inventory Replenishmenmentioning
confidence: 99%
“…Carter and Ferrin (1996) developed a lot-sizing model using enumerations techniques that consider actual freight rate schedules to determining the optimal order quantity. Swenseth and Godfrey (2002) proposed a method to approximate the actual transportation cost with actual truckload freight rates. Abad and Aggarwal (2005) involved transportation cost into inventory model and determining lotsize and pricing decision with downward sloping demand.…”
Section: Direct Emissionmentioning
confidence: 99%
“…(5) and simplifying, the resulting unit rate is (6) By substituting the Eq. (6) into the total freight, we have: (Swenseth & Buffa, 1990;Swenseth & Godfrey, 2002) 2…”
Section: Buyer's Total Cost Per Yearmentioning
confidence: 99%
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“…Sensitivity of the resulting cost savings due to the exchange of cost information to changes in the relevant operating parameters was also analyzed. Swenseth & Godfrey (2002) demonstrated that the freight rate functions presented in the literature can be incorporated into inventory replenishment decisions without compromising the accuracy of the decision. They concluded that these functions can be incorporated without adding undue complexity to the decision process.…”
Section: Introductionmentioning
confidence: 99%