Optimization modeling for spreadsheetsPortland

Topics: Operations research, Optimization, Linear programming Pages: 36 (6468 words) Published: October 18, 2014
Optimization Modeling for Inventory Logistics
Engineering & Technology Management
ETM 540 – Operations Research in
Engineering and Technology Management
Fall 2013
Portland State University
Dr. Tim Anderson

Team: Logistics
Noppadon Vannaprapa
Philip Bottjen
Rodney Danskin
Srujana Penmetsa
Joseph Lethlean

Optimization Modeling for Inventory Logistics

Contents
Abstract ......................................................................................................................................................... 2 Literature review........................................................................................................................................... 2 Review of Optimization Modeling ............................................................................................................ 3 Logistics Characterization ......................................................................................................................... 4 Methodology............................................................................................................................................. 6 Problem Background..................................................................................................................................... 6 Industry Players......................................................................................................................................... 6 Current Business Process .......................................................................................................................... 8 Problem Statement ................................................................................................................................... 9 The Goal of the Project ................................................................................................................................. 9 Scope ........................................................................................................................................................... 10 Optimization Model .................................................................................................................................... 10 Assumptions and Limitations .................................................................................................................. 12 Formulation................................................................................................................................................. 12 Variables ................................................................................................................................................. 12 Economic Order Quantity (EOQ) Optimization ....................................................................................... 13 Objective ............................................................................................................................................. 13 Constraints .......................................................................................................................................... 14 Inventory Optimization ........................................................................................................................... 14 Objective ............................................................................................................................................. 14 Constraints .......................................................................................................................................... 14 Analysis ....................................................................................................................................................... 15 Applications................................................................................................................................................. 19 Conclusion...


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