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LogForum  2011 

Evolution of the total logistics costs concept

Keywords: Total Logistics Cost model (TLC) , logistics cost , service level , Economic Order Quantity (EOQ) model

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Abstract:

The article considers the evolution stages of the total logistics cost concept; an interrelations of TLC and EOQ models has been analyzed. The author presented analytical approaches to determine a value of total cost, as well as an integral criterion for logistics systems' functioning, based upon package treatment of the total costs value and service level.

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