Sustainable EOQ under lead-time uncertainty and multi-modal transport

Soon Kyo Lee, Seung Ho Yoo, Tae Su Cheong

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

In this paper, we examine a sustainable economic order quantity (S-EOQ) problem with a stochastic lead-time and multi-modal transportation options. With the S-EOQ, decisions of order quantities, as well as a reorder point could be influenced by various factors, including unit price, stock-out cost, lead-time variability and emission costs. For a better understanding, we present a mathematical model of the concomitant S-EOQ problem and, using numerical experiments, explore various scenarios to determine the effects of incorporating sustainability considerations into the traditional inventory model on operational decisions including the choice of transportation modal combination and the sourcing decisions.

Original languageEnglish
Article number476
JournalSustainability (Switzerland)
Volume9
Issue number3
DOIs
Publication statusPublished - 2017 Mar 22

Fingerprint

Lead
uncertainty
Economics
Multimodal transportation
economics
cost
Costs
Sustainable development
costs
sustainability
Mathematical models
scenario
Uncertainty
time
decision
experiment
Experiments
effect
price

Keywords

  • EOQ
  • Lead-time uncertainty
  • Multimodal
  • Sustainability

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Renewable Energy, Sustainability and the Environment
  • Management, Monitoring, Policy and Law

Cite this

Sustainable EOQ under lead-time uncertainty and multi-modal transport. / Lee, Soon Kyo; Yoo, Seung Ho; Cheong, Tae Su.

In: Sustainability (Switzerland), Vol. 9, No. 3, 476, 22.03.2017.

Research output: Contribution to journalArticle

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