Target Function of International Logistics

From Supply Chain Management Encyclopedia

Revision as of 12:46, 13 November 2014 by WikiSysop (Talk | contribs)
Jump to: navigation, search

Russian: Целевая функция международной логистики

Avoiding any mathematical formalization the target (objective) function of a system[1] could be defined as an action or a combined set of actions devoted to gain the for the sake of which the present system exists (was created) [2].

Taking into account the sense and scope of the Subject of International Logistics the target function of international logistics could be a priori defined as minimizing logistics risks and transaction costs of international trade (business) under some given conditions (restrictions) defined by logistically significant marketing dimensions (variables) of the marketing environments of such countries where the global supply chain is passing through. This definition displays the fact that the international logistics does not exist per se, but is the “hard and soft” of international business, universally getting into and cooperating with other fields (disciplines) of international business (See the pic below) and being its "framework".


  1. The function, expressing given conditions for a system, which one seeks to minimize subject to given constraints. -
  2. Теория менеджмента / под. ред. А.М.Лялина – СПб.: Питер, 2009 – с.342.
Personal tools
Our Partners