Issue 3/ 2011, article 5
Authors: Valery S. Lukinskiy, Vladislav V. Lukinskiy, Tatiana G. Shulzhenko
Title: EVOLUTION OF THE TOTAL LOGISTICS COSTS CONCEPT
Keywords: Total Logistics Cost model (TLC), logistics cost, service level, Economic Order Quantity (EOQ) model
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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