Construct · 1 fields · 1 citations

Baumol-Vinod model: a standalone construct

One name. One construct. A landmark on the map.

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Freight and logistics

a freight demand model in which shippers choose transport modes by minimizing the sum of shipping, in-transit inventory and safety stock costs.

In freight and logistics, Baumol-Vinod model refers to a freight demand model in which shippers choose transport modes by minimizing the sum of shipping, in-transit inventory and safety stock costs. This meaning comes from Baumol (1970) in Management Science.[1]

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Nearby constructs

demand4 fields · 4 citationsjingle · one word, four constructs inventory1 fields · 2 citationsanchor · a standalone construct model3 fields · 3 citationsjingle · one word, three constructs

References

Baumol, W. J., & Vinod, H. D. (1970). An Inventory Theoretic Model of Freight Transport Demand. Management Science, 16(7), 413-421. https://doi.org/10.1287/mnsc.16.7.413

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