By Lawrence V. Snyder

An authoritative, quantitative method of offer chain management

Addressing the necessity for the research of provide chain administration to conform on the similar velocity as it truly is real-world perform, Fundamentals of offer Chain Theory provides the method and foundations of the subject and in addition demonstrates how fresh advancements construct upon vintage versions. The authors specialise in strategic and tactical elements of provide chain administration, overlaying a extensive diversity of issues from forecasting, stock administration, and facility place to method flexibility, contracting, and auctions.

Key mathematical types for optimizing the layout, operation, and evaluate of provide chains are provided in addition to types presently rising from the study frontier. Following an intensive advent, the e-book delves right into a dialogue of centralized types, including:

  • Forecasting and insist modeling
  • Deterministic stock models
  • Stochastic stock models
  • Multi-Echelon stock models
  • Processes for facing uncertainty in stock optimization and facility location
  • Facility place models
  • Process flexibility

In addition, the authors current decentralized versions that contain a number of events with autonomous, conflicting goals, masking themes such as:

  • The bullwhip effect
  • Supply chain contracts
  • Auctions

Each bankruptcy concludes with a collection of difficulties that problem readers to appreciate, interpret, and expand the mentioned types and algorithms. additionally, vast appendices supply assistance on writing proofs and in addition define priceless formulation on the topic of chance idea, calculus, and algebra.

Extensively class-tested to make sure an easy-to-follow presentation, Fundamentals of offer Chain Theory is an acceptable e-book for company and engineering classes on offer chain administration on the graduate point. The e-book additionally serves as an authoritative reference for teachers and practitioners operating within the parts of operations study, company, administration technological know-how, and business engineering.

This e-book was once named the 2011 Joint Publishers booklet of the Year through the Institute of business Engineers.

You may also persist with basics of provide Chain idea on Twitter.

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