On extending Russell and Krajewski's algorithm for economic purchase order quantities

被引:9
作者
Carter, JR
Ferrin, BG
Carter, CR
机构
[1] College of Business, Arizona State University, Tempe, Arizona, 85287-4706
[2] College of Business, Arizona State University, Tempe, Arizona, 85287-4706
[3] College of Business, Arizona State University, Tempe, Arizona, 85287-4706
关键词
and Supply Chain Management; Distribution/Logistics; Inventory Management; Lot Sizing; Materials Management; Purchasing;
D O I
10.1111/j.1540-5915.1995.tb01577.x
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
Russell and Krajewski presented an optimal purchase order quantity algorithm that considered the effect of the transportation rate structure for less-than-truckload (LTL) shipments. The authors applied the Russell and Krajewski algorithm to a variety of freight classes and lengths-of-haul, Anomalous cases were found in which the freight rate schedule, when used with the suggested algorithm, resulted in incorrect order size decisions. In this comment, the authors consider the impact of these anomalies on the optimal order quantity and associated total costs. A procedure is presented to adjust the Russell and Krajewski algorithm to arrive at the optimal purchase order quantity and the lowest total annual cost.
引用
收藏
页码:819 / 829
页数:11
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