Application Of Operation Research in Logistics

This study examines the use of Operations Research in retailing, both domestic and international, in various forms and methodologies. The retail industry is one of the fastest-growing and most promising. Customers in this industry have high expectations, and thus companies need to be able to meet those demands effectively in order to remain viable. The company must also keep costs under control while increasing income. Logistics, Supply Chain Management, and Warehousing are some of the most important parts of retailing, so we'll focus on them to show how Operations Research techniques like transportation, simulations and the analytical model can be used to reduce costs, thus increasing profits and overall efficiency. Logistics is the management of the flow of goods between the point of origin and the point of consumption in order to meet some requirements, for example, of customers or corporations. The resources managed in logistics can include physical items, such as food, materials, animals, equipment, and liquids, as well as abstract items, such as time, information, particles, and energy. The logistics of physical items usually involves the integration of information flow, material handling, production, packaging, inventory, transportation, warehousing, and often security. The complexity of logistics can be modeled, analyzed, visualized, and optimized by dedicated simulation software. The minimization of the use of resources is a common motivation in logistics for import and expor