Effect of Volume Discounts on Optimal Transportation Cost
D.R.S. Narsingh Rao1, G. Sreeram Reddy2, V.V. Satyanarayana3, J. Jagadesh Kumar4
1D.R.S.Narsing Rao, Associate Professor, Vidya Jyothi Institute of Technology, Hyderabad, India.
2G.Sreeram Reddy, Professor, Vidya Jyothi Institute of Technology, Hyderabad, India.
3V.V.Satyanarayana, Professor, Vidya Jyothi Institute of Technology, Hyderabad, India.
4J.Jagadesh Kumar, Associate Professor, Vidya Jyothi Institute of Technology, Hyderabad, India
Manuscript received on 02 June 2019 | Revised Manuscript received on 10 June 2019 | Manuscript published on 30 June 2019 | PP: 472-474 | Volume-8 Issue-8, June 2019 | Retrieval Number: H6508068819/19©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: The transportation of goods from source to destination is a critical issue in the light of supply chain management. The pricing of products depends not only on basic costs like material and manufacturing, but also on the transportation cost. The variables affecting the transportation involve unit transportation cost, port selection, time, weather conditions and also on volume of items. As many of the variables commonly exist in all situations and the unique factor that distinguishes from the remaining is by its volume of products transported and subsequently the discounts offered by the transporter. In the current investigation various optimal solutions have been worked out under different conditions of discount and the total transportation cost which help in decision making.
Keyword: Transportation, Discount, Genetic algorithm, Optimal cost, Supply chain management, Rim conditions.
Scope of the Article: Transportation Engineering.