EOQ as a Tool for Increased Transport Efficiency
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60460709%3A41110%2F20%3A85091" target="_blank" >RIV/60460709:41110/20:85091 - isvavai.cz</a>
Result on the web
<a href="https://mme2020.mendelu.cz/wcd/w-rek-mme/mme2020_conference_proceedings_final_final.pdf" target="_blank" >https://mme2020.mendelu.cz/wcd/w-rek-mme/mme2020_conference_proceedings_final_final.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
čeština
Original language name
EOQ as a Tool for Increased Transport Efficiency
Original language description
Modern logistics is affected by a high degree of inefficiency in the optimum order size caused by the large number of smaller shipments in the distribution network. The developed transport network and advanced transport technologies enable end-users and distribution centers to reduce the amount of money in stock if they order only the amount needed to satisfy the consumer, regardless of minimum insurance stocks. The use of the EOQ principle would define the optimal order and thus the efficient utilization of the vehicle in relation to the total transport costs. The analyzed problems are linked to the lack of information in the sector concerned, the limited details and the closed environment for freely available vehicle capacities. This article introduces selected economic and mathematical methods in relation to the application for the purpose of determining possible economies of scale and savings from specialization. The essence of the application of economic and mathematical methods is the eff
Czech name
EOQ as a Tool for Increased Transport Efficiency
Czech description
Modern logistics is affected by a high degree of inefficiency in the optimum order size caused by the large number of smaller shipments in the distribution network. The developed transport network and advanced transport technologies enable end-users and distribution centers to reduce the amount of money in stock if they order only the amount needed to satisfy the consumer, regardless of minimum insurance stocks. The use of the EOQ principle would define the optimal order and thus the efficient utilization of the vehicle in relation to the total transport costs. The analyzed problems are linked to the lack of information in the sector concerned, the limited details and the closed environment for freely available vehicle capacities. This article introduces selected economic and mathematical methods in relation to the application for the purpose of determining possible economies of scale and savings from specialization. The essence of the application of economic and mathematical methods is the eff
Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
10102 - Applied mathematics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2020
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
38th INTERNATIONAL CONFERENCE ON MATHEMATICAL METHODS IN ECONOMICS (MME 2020)
ISBN
978-80-7509-734-7
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
205-210
Publisher name
© Svatopluk Kapounek, Hana Vránová (eds.), Mendel University in Brno, 2020
Place of publication
Mendel University in Brno, 2020
Event location
Mendel University in Brno Czech Republic
Event date
Sep 9, 2020
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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