Fundamentals of Supply Chain Theory

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1 Brochure More information from Fundamentals of Supply Chain Theory Description: An authoritative and quantitative approach to supply chain management Addressing the need for the study of supply chain management to evolve at the same pace as its real world practice, Fundamentals of Supply Chain Theory presents the methodology and foundations of the topic and also demonstrates how recent developments build upon classical models. The authors focus on strategic and tactical aspects of supply chain management, covering a broad range of topics from forecasting, inventory management, and facility location to process flexibility, contracting, and auctions. Key mathematical models for optimizing the design, operation, and evaluation of supply chains are presented as well as models currently emerging from the research frontier. Following a thorough introduction, the book delves into a discussion of centralized models, including: - Forecasting and demand modeling - Deterministic, stochastic, and multi echelon inventory models - Facility location models - Models for dealing with uncertainty in inventory optimization and facility location - Process flexibility In addition, the authors present decentralized models that involve multiple parties with independent, conflicting objectives, covering topics such as: - The bullwhip effect - Supply chain contracts - Auctions Each chapter concludes with a set of problems that challenge readers to understand, interpret, and extend the models and algorithms discussed. Extensive appendices provide guidance on writing proofs and also outline helpful formulas related to probability theory, calculus, and algebra. A related website features supplemental material, including the data sets from the book. Extensively class tested to ensure an easy to follow presentation, Fundamentals of Supply Chain Theory is a suitable book for business and engineering courses on supply chain management at the graduate level. The book also serves as an authoritative reference for academics and practitioners working in the areas of operations research, business, management science, and industrial engineering. Contents: List of Figures xvii List of Tables xxi Preface xxiii 1 Introduction Overview of Supply Chain Management Levels of Decision Making in Supply Chain Management Applications of Supply Chain Management 3

2 2 Forecasting and Demand Modeling Introduction Classical Demand Forecasting Methods Demand Modeling Techniques Bass Diffusion Model Leading Indicator Approach Discrete Choice Models 20 3 Deterministic Inventory Models Introduction to Inventory Modeling Continuous Review: The Economic Order Quantity Model Periodic Review: The Wagner Whitin Model 54 4 Stochastic Inventory Models Preliminaries Demand Processes Continuous Review: (r, Q) Policies Periodic Review with Zero Costs: Base Stock Policies Periodic Review with Non Zero Fixed Costs: (s, S) Policies Policy Optimality 95 5 Multi Echelon Inventory Models Introduction Stochastic Service Models Guaranteed Service Models Dealing with Uncertainty in Inventory Optimization Introduction The Risk Pooling Effect Postponement Transshipments Introduction to Supply Uncertainty Inventory Models with Disruptions Inventory Models with Yield Uncertainty The Risk Diversification Effect 171

3 7 Facility Location Models Introduction The Uncapacitated Fixed Charge Location Problem A Multi Echelon, Multi Commodity Model Dealing with Uncertainty in Facility Location Introduction The Location Model with Risk Pooling Stochastic and Robust Location Models A Facility Location Model with Disruptions Process Flexibility Introduction Flexibility Design Guidelines A Process Flexibility Optimization Model The Bullwhip Effect Introduction Proving the Existence of the Bullwhip Effect Reducing the Bullwhip Effect Centralizing Demand System Supply Chain Contracts Introduction Introduction to Game Theory Notation Preliminary Analysis The Wholesale Price Contract The Buyback Contract The Revenue Sharing Contract The Quantity Flexibility Contract Auctions Introduction The English Auction Combinatorial Auctions 309 Appendix A: Multiple Chapter Problems 321

4 Appendix B: How to Write Proofs: A Short Course 327 Appendix C: Helpful Formulas 337 Appendix D: Langrangian Relaxation 341 Bibliography 349 Index Ordering: Order Online - Order by Fax - using the form below Order by Post - print the order form below and send to Research and Markets, Guinness Centre, Taylors Lane, Dublin 8, Ireland.

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