Fundamentals of supply chain theory

By: Snyder, Lawrence V
Contributor(s): Shen, Zuo-Jun Max [Co-author]
Material type: TextTextPublisher: Hoboken John Wiley & Sons 2019Edition: 2Description: xxxix, 733 p.: ill. Includes bibliographical references and indexISBN: 9781119024842Subject(s): Business logistics | Supply chain theory | Supply chain management | Inventory managementDDC classification: 658.701 Summary: This book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. The authors focus on strategic, tactical, and operational aspects of supply chain management and cover a broad range of topics from forecasting, inventory management, and facility location to transportation, process flexibility, 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. Fundamentals of Supply Chain Theory, Second Edition contains new chapters on transportation (traveling salesman and vehicle routing problems), integrated supply chain models, and applications of supply chain theory. New sections have also been added throughout, on topics including machine learning models for forecasting, conic optimization for facility location, a multi-supplier model for supply uncertainty, and a game-theoretic analysis of auctions. The second edition also contains case studies for each chapter that illustrate the real-world implementation of the models presented. This edition also contains nearly 200 new homework problems, over 60 new worked examples, and over 140 new illustrative figures. Plentiful teaching supplements are available, including an Instructor’s Manual and PowerPoint slides, as well as MATLAB programming assignments that require students to code algorithms in an effort to provide a deeper understanding of the material. Ideal as a textbook for upper-undergraduate and graduate-level courses in supply chain management in engineering and business schools, Fundamentals of Supply Chain Theory, Second Edition will also appeal to anyone interested in quantitative approaches for studying supply chains. https://www.wiley.com/en-us/Fundamentals+of+Supply+Chain+Theory%2C+2nd+Edition-p-9781119024972
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Table of contents
Preface
Goals of This Book
Who Should Read This Book
Organization of This Book
New in the Second Edition
Resources for Instructors
Acknowledgments

Chapter 1: Introduction
1.1 The Evolution of Supply Chain Theory
1.2 Definitions and Scope
1.3 Levels of Decision‐Making in Supply Chain Management

Chapter 2: Forecasting and Demand Modeling
2.1 Introduction
2.2 Classical Demand Forecasting Methods
2.3 Forecast Accuracy
2.4 Machine Learning in Demand Forecasting
2.5 Demand Modeling Techniques
2.6 Bass Diffusion Model
2.7 Leading Indicator Approach
2.8 Discrete ChoiceModels
PROBLEMS

Chapter 3: Deterministic Inventory Models
3.1 Introduction to Inventory Modeling
3.2 Continuous Review: The Economic Order Quantity Problem
3.3 Power‐of‐Two Policies
3.4 The EOQ with Quantity Discounts
3.5 The EOQ with PlannedBackorders
3.6 The Economic Production Quantity Model
3.7 Periodic Review: The Wagner-WhitinModel

Chapter 4: Stochastic Inventory Models: PeriodicReview
4.1 Inventory Policies
4.2 Demand Processes
4.3 Periodic Review with Zero Fixed Costs: Base‐Stock Policies
4.4 Periodic Review with Nonzero Fixed Costs: Policies
4.5 Policy Optimality
4.6 Lost Sales

Chapter 5: Stochastic Inventory Models: Continuous Review
5.1Policies
5.2 ExactProblem with Continuous Demand Distribution
5.3 Approximations for Problem with Continuous Distribution
5.4 ExactProblemwith Continuous Distribution: Properties of Optimaland Q
5.5 ExactProblem with Discrete Distribution

Chapter 6: Multiechelon InventoryModels
6.1 Introduction
6.2 Stochastic‐ServiceModels
6.3 Guaranteed‐ServiceModels
6.4 Closing Thoughts

Chapter 7: Pooling and Flexibility
7.1 Introduction.
7.2 The Risk‐Pooling Effect
7.3 Postponement
7.4 Transshipments
7.5 Process Flexibility
7.6 A Process Flexibility Optimization Model

Chapter 8: Facility Location Models
8.1 Introduction
8.2 The Uncapacitated Fixed‐Charge Location Problem
8.3 Other Minisum Models
8.4 Covering Models
8.5 Other Facility Location Problems
8.6 Stochastic and Robust Location Models
8.7 Supply Chain Network Design

Chapter 9: Supply Uncertainty
9.1 Introduction to Supply Uncertainty
9.2 Inventory Models with Disruptions
9.3 Inventory Models with YieldUncertainty
9.4 A MultisupplierModel
9.5 The Risk‐Diversification Effect
9.6 A Facility Location Model with Disruptions

Chapter 10: The Traveling Salesman Problem
10.1 Supply Chain Transportation
10.2 Introduction to the TSP
10.3 Exact Algorithms for the TSP
10.4 Construction Heuristics for theTSP
10.5 Improvement Heuristics for theTSP
10.6 Bounds and Approximations for the TSP
10.7 World Records

Chapter 11: The Vehicle Routing Problem
11.1 Introduction to the VRP
11.2 Exact Algorithms for the VRP
11.3 Heuristics for the VRP
11.4 Bounds and Approximations for the VRP
11.5 Extensions of the VRP

Chapter 12: Integrated Supply Chain Models
12.1 Introduction
12.2 A Location-InventoryModel
12.3 A Location-Routing Model
12.4 An Inventory-Routing Model

Chapter 13: The Bullwhip Effect
13.1 Introduction
13.2 Proving the Existence of the Bullwhip Effect
13.3 Reducing the Bullwhip Effect
13.4 Centralizing Demand Information

Chapter 14: Supply Chain Contracts
14.1 Introduction
14.2 Introduction to Game Theory
14.3 Notation
14.4 Preliminary Analysis
14.5 The Wholesale Price Contract
14.6 The Buyback Contract.
14.7 The Revenue Sharing Contract
14.8 The Quantity Flexibility Contract

Chapter 15: Auctions
15.1 Introduction
15.2 The English Auction
15.3 Combinatorial Auctions
15.4 The Vickrey-Clarke-GrovesAuction

Chapter 16: Applications of Supply Chain Theory
16.1 Introduction
16.2 Electricity Systems
16.3 Health Care
16.4 Public Sector Operations

Appendix A: Multiple‐Chapter Problems

Appendix B: How to Write Proofs: A Short Guide
B.1 How to Prove Anything
B.2 Types of Things You May Be Asked to Prove
B.3 Proof Techniques
B.4 Other Advice

Appendix C: Helpful Formulas
C.1 Positive and Negative Parts
C.2 Standard Normal Random Variables
C.3 Loss Functions
C.4 Differentiation of Integrals
C.5 Geometric Series
C.6 Normal Distributions in Excel and MATLAB
C.7 Partial Expectations

Appendix D: Integer Optimization Techniques
D.1 Lagrangian Relaxation
D.2 Column Generation
References
Subject Index
Author Index

This book presents the methodology and foundations of supply chain management and also demonstrates how recent developments build upon classic models. The authors focus on strategic, tactical, and operational aspects of supply chain management and cover a broad range of topics from forecasting, inventory management, and facility location to transportation, process flexibility, 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.
Fundamentals of Supply Chain Theory, Second Edition contains new chapters on transportation (traveling salesman and vehicle routing problems), integrated supply chain models, and applications of supply chain theory. New sections have also been added throughout, on topics including machine learning models for forecasting, conic optimization for facility location, a multi-supplier model for supply uncertainty, and a game-theoretic analysis of auctions. The second edition also contains case studies for each chapter that illustrate the real-world implementation of the models presented. This edition also contains nearly 200 new homework problems, over 60 new worked examples, and over 140 new illustrative figures.
Plentiful teaching supplements are available, including an Instructor’s Manual and PowerPoint slides, as well as MATLAB programming assignments that require students to code algorithms in an effort to provide a deeper understanding of the material.
Ideal as a textbook for upper-undergraduate and graduate-level courses in supply chain management in engineering and business schools, Fundamentals of Supply Chain Theory, Second Edition will also appeal to anyone interested in quantitative approaches for studying supply chains.


https://www.wiley.com/en-us/Fundamentals+of+Supply+Chain+Theory%2C+2nd+Edition-p-9781119024972

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