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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
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