An Insight into Operations Research : Applications in Logistics and Supply Chain Management
Mengistu, Solomon (2013)
Metropolia Ammattikorkeakoulu
2013
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-201305056280
https://urn.fi/URN:NBN:fi:amk-201305056280
Tiivistelmä
The purpose of this thesis was to understand the subject of operations research (OR) and its applications from a logistics and supply chain management point of view and to examine the underlying principles of the different optimization techniques by giving more emphasis to the nature, assumptions and formulation of linear programming upon which most other optimization techniques are based.
Logistics costs account for a significant portion of a company’s costs. By optimizing the activities associated with supply chain and logistics, it is possible to bring huge financial benefits and maintain good customer relations. This thesis discussed different real life cases and success stories obtained by implementing OR.
This paper has examined what the role of an operations research team or professional is in a time when optimization software is abundant and discussed why understanding an operations research approach to optimizing operations is still relevant for logistics and supply chain management students and professionals.
The nature of the thesis was predominantly an exploratory research of a topic that is well established in the curricula of many higher education institutions. As a result the materials used for this thesis are mainly text books. Online resources were also utilized to provide updated information and cases to support the theories.
Logistics costs account for a significant portion of a company’s costs. By optimizing the activities associated with supply chain and logistics, it is possible to bring huge financial benefits and maintain good customer relations. This thesis discussed different real life cases and success stories obtained by implementing OR.
This paper has examined what the role of an operations research team or professional is in a time when optimization software is abundant and discussed why understanding an operations research approach to optimizing operations is still relevant for logistics and supply chain management students and professionals.
The nature of the thesis was predominantly an exploratory research of a topic that is well established in the curricula of many higher education institutions. As a result the materials used for this thesis are mainly text books. Online resources were also utilized to provide updated information and cases to support the theories.