LOGISTIC COST OPTIMIZATION IN THE FOOD INDUSTRY OF SMALL COUNTRIES Cover Image

LOGISTIC COST OPTIMIZATION IN THE FOOD INDUSTRY OF SMALL COUNTRIES
LOGISTIC COST OPTIMIZATION IN THE FOOD INDUSTRY OF SMALL COUNTRIES

Author(s): Valentinas Navickas, Saulius Baskutis, Valentas Gružauskas
Subject(s): Economy
Published by: Lietuvos verslo kolegija
Keywords: Competitive advantage; clusters; logistics; supply chain management; food industry.

Summary/Abstract: This research is aimed to determined and conduct a logistic cost optimization algorithm in the small markets food industry. The authors conducted a survey and indicated that in a small market food industry the main influence to the transportation cost is partial cargo transportation. Regarding this finding the authors offers a cost optimization algorithm using clustering processes. It was concluded that the usage of clusters can dramatically reduce cost and the optimization level is even higher in a small market

  • Issue Year: 26/2015
  • Issue No: 1
  • Page Range: 61-66
  • Page Count: 6