Model and Algorithm of JIT Purchase Based on Actual Freight Rate

Wei Ming He; Yan Hai Hu; Li Li Guo

doi:10.4028/www.scientific.net/AMM.37-38.675

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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vols. 37-38Model and Algorithm of JIT Purchase Based on...

Model and Algorithm of JIT Purchase Based on Actual Freight Rate

Abstract:

Based on single vendor and single buyer, vendor supplies buyer with a product, and the vendor split order into many equal shipments to delivery. Aimed at minimizing the total cost of vendor and buyer, JIT purchase model based on actual freight rate was proposed. Actual freight rate is transformed into alternating ranges of a constant charge per kilogram followed by a constant fixed charge. For the actual freight rate, by calculating the solutions for all weight ranges and comparing them, the optimal solution was derived. Numerical results show that the algorithm can obtain the optimal solution, and the model is verified.

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Periodical:

Applied Mechanics and Materials (Volumes 37-38)

Pages:

675-678

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.37-38.675

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Online since:

November 2010

Authors:

Wei Ming He, Yan Hai Hu, Li Li Guo

Keywords:

Actual Freight Rate, JIT Purchase, Transportation Cost

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