Selecting the optimum location for logistics facilities using Solver
Siting logistics facilities strategically in the most cost-effective geographic location is one of the key decisions for a contemporary company. In the long term, consequences of this decision may determine the competitive advantage of the company on the market. The aim of the paper is to present a...
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| Format: | Article |
| Language: | English |
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WSB University in Torun
2016-06-01
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| Series: | Torun Business Review |
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| Online Access: | https://tbr.wsb.torun.pl/index.php/journal/article/view/39 |
| Summary: | Siting logistics facilities strategically in the most cost-effective geographic location is one of the key decisions for a contemporary company. In the long term, consequences of this decision may determine the competitive advantage of the company on the market.
The aim of the paper is to present a solution to this problem using the Solver add-on. To specify the optimum location of a logistics facility, with the lowest transportation cost, the method of Euclidean coordinates was used. |
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| ISSN: | 1643-8175 2451-0955 |