The article considers the evolution stages of the total logistics cost concept; an interrelations of TLC and EOQ models has been analyzed. The author presented analytical approaches to determine a value of total cost, as well as an integral criterion for logistics systems' functioning, based upon package treatment of the total costs value and service level.
Doctor of Engineering, professor, Department Chair, Department of Logistics and Transport Management, Saint Petersburg State University, of Engineering and Economics, 27, Marata str., Saint-Petersburg, Russia
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