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Sustainability 2017, 9(3), 476; doi:10.3390/su9030476

Sustainable EOQ under Lead-Time Uncertainty and Multi-Modal Transport

1
School of Industrial Management Engineering, Korea University, Seoul 02841, Korea
2
Division of Business Administration, Sunmoon University, Asan, Chungnam 31460, Korea
*
Authors to whom correspondence should be addressed.
Academic Editor: Ilkyeong Moon
Received: 16 December 2016 / Revised: 25 February 2017 / Accepted: 16 March 2017 / Published: 22 March 2017
(This article belongs to the Special Issue Sustainability in Supply Chain Management)
View Full-Text   |   Download PDF [1164 KB, uploaded 22 March 2017]   |  

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 View Full-Text
Keywords: EOQ; sustainability; lead-time uncertainty; multimodal EOQ; sustainability; lead-time uncertainty; multimodal
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Lee, S.-K.; Yoo, S.H.; Cheong, T. Sustainable EOQ under Lead-Time Uncertainty and Multi-Modal Transport. Sustainability 2017, 9, 476.

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