Fundamentals of Supply Chain Theory

Edited by Lawrence V. Snyder · Zuo-Jun Max Shen
John Wiley & Sons August 2011

Specifications

ISBN-13
9780470521304
Publisher
John Wiley & Sons
Publication
August 2011
Format
Hardback , 400 pages
Jurisdiction
International or US ? Countri(es) for reference only

Details

An authoritative, quantitative approach to supply chain management

Addressing the need for the study of supply chain management to evolve at the same pace as it's real-world practice, Fundamentals of Supply Chain Theory presents the methodology and foundations of the topic and also demonstrates how recent developments build upon classic 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

Table of Contents

List of Figures.

List of Tables.

Preface.

1. Introduction.

1.1 Overview of Supply Chain Management.

1.2 Levels of Decision Making in Supply Chain Management.

1.3 Applications of Supply Chain Management.

2. Forecasting and Demand Modeling.

2.1 Introduction.

2.2 Classical Demand Forecasting Methods.

2.3 Demand Modeling Techniques.

2.4 Bass Diffusion Model.

2.5 Leading Indicator Approach.

2.6 Discrete Choice Models.

3. Deterministic Inventory Models.

3.1 Introduction to Inventory Modeling.

3.2 Continuous Review: The Economic Order Quantity Model.

3.3 Periodic Review: The Wagner-Whitin Model.

4. Stochastic Inventory Models.

4.1 Preliminaries.

4.2 Demand Processes.

4.3 Continuous Review: (r, Q) Policies.

4.4 Periodic Review with Zero Costs: Base-Stock Policies.

4.5 Periodic Review with Non-Zero Fixed Costs: (S, S) Policies.

4.6 Policy Optimality.

5. Multi-Echelon Inventory Models.

5.1 Introduction.

5.2 Stochastic Service Models.

5.3 Guaranteed Service Models.

6. Dealing with Uncertainty in Inventory Optimization.

6.1 Introduction.

6.2 The Risk-Pooling Effect.

6.3 Postponement.

6.4 Transshipments.

6.5 Introduction to Supply Uncertainty.

6.6 Inventory Models with Disruptions.

6.7 Inventory Models with Yield Uncertainty.

6.8 The Risk-Diversification Effect.

7. Facility Location Models.

7.1 Introduction.

7.2 The Uncapacitated Fixed-Charge Location Problem.

7.3 A Multi-Echelon, Multi-Commodity Model.

8. Dealing with Uncertainty in Facility Location.

8.1 Introduction.

8.2 The Location Model with Risk Pooling.

8.3 Stochastic and Robust Location Models.

8.4 A Facility Location Model with Disruptions.

9. Process Flexibility.

9.1 Introduction.

9.2 Flexibility Design Guidelines.

9.3 A Process Flexibility Optimization Model.

10. Propagation of Volatility: The Bullwhip Effect.

10.1 Introduction.

10.2 Proving the Existence of the Bullwhip Effect.

10.3 Reducing the Bullwhip Effect.

10.4 Centralizing Demand System.

11. Supply Chain Coordination.

11.1 Introduction to Supply Chain Contracts.

11.2 Coordination through Contracting.

11.3 Introduction to Auctions.

11.4 The English Auction.

11.5 Combinatorial Auctions.

Appendix A: How to Write Proofs: A Short Guide.

Appendix B. Helpful Formulas.

Appendix C: Lagrangian Relaxation.

Bibliography.

About the Author

LAWRENCE V. SNYDER, PhD, is Associate Professor in the Department of Industrial and Systems Engineering at Lehigh University, where he also serves as Co-Director for the Center for Value Chain Research.?He has written numerous journal articles in his areas of research interest, which include optimization models for supply chain management with a focus on models for the design and operation of robust and reliable supply chains.

ZUO-JUN MAX SHEN, PhD, is Chancellor's Professor in the Department of Industrial Engineering and Operations Research at the University of California, Berkeley. Dr. Shen has published extensively in the areas of integrated supply chain design and management, practical mechanism design, and applied optimization.

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