Fundamentals of Supply Chain Theory

Addressing the need for the study of supply chain management toevolve at the same pace as it’s real-world practice,Fundamentals of Supply Chain Theory presents the methodologyand foundations of the topic and also demonstrates how recentdevelopments build upon classic models. The authors focus onstrategic and tactical aspects of supply chain management, coveringa broad range of topics from forecasting, inventory management, andfacility location to process flexibility, contracting, andauctions.

Key mathematical models for optimizing the design, operation,and evaluation of supply chains are presented as well as modelscurrently emerging from the research frontier. Following a thoroughintroduction, the book delves into a discussion of centralizedmodels, including:

• Forecasting and demandmodeling
• Deterministic inventory models
• Stochastic inventory models
• Multi-Echelon inventory models
• Processes for dealing withuncertainty in inventory optimization and facility location
• Facility location models
• Process flexibility