The Logic of Logistics: Theory, Algorithms, and Applications for Logistics and Supply Chain Management (Springer Series in Operations Research and Financial Engineering)

Fierce competition in today's global market provides a powerful motivation for developing ever more sophisticated logistics systems. This book, written for the logistics manager and researcher, presents a survey of the modern theory and application of logistics. The goal of the book is to present the state of the art in the science of logistics management. As a result, the authors have written a timely and authoritative survey of this field that many practitioners and researchers will find makes an invaluable companion to their work. In recent years logistics and supply chain management have been the focus of executive meetings, business columns and research institutes as never before. The importance of integrated, globally optimized supply chains is well understood and executives have discovered the impact on business performance that can be achieved by effectively managing their supply chains. At the same time, information and communications technologies, in particular the Internet, provide access to comprehensive data from all parts of the supply chain. Finally, the increase in the level of outsourcing and globalization suggests both opportunities and risks.The book, written for professionals and researchers interested in the science and practice of supply chain management, presents a survey of the modern theory and application of logistics management. This includes classical topics such as inventory theory, supply chain design and planning, vehicle routing, and advanced planning systems, as well as new topics such as risk management, procurement, supply contracts, and the integration of inventory and pricing strategies. This new edition is the only book that combines theory, algorithms and best practice in logistics and supply chain management. The result is a timely and authoritative survey of the field that many practitioners and researchers will find to be an invaluable companion to their work. "The book, written for professionals and researchers interested in the science and practice of supply chain management, presents a survey of the modern theory and application of logistics management. This includes classical topics such as inventory theory, supply chain design and planning, vehicle routing, and advanced planning systems, as well as new topics such as risk management, procurement, supply contracts, and the integration of inventory and pricing strategies. This new edition is the only book that combines theory, algorithms and best practice in logistics and supply chain management."--BOOK JACKET Written for the logistics manager and researcher, this book presents a survey of the modern theory and application of logistics. The book includes two extensive case studies of the application of these ideas. Many practitioners and researchers will find this a timely and authoritative survey of the field and an invaluable companion to their work. Fierce competition in today's global markets, the introduction of products with short life cycles and the heightened expectation of customers have forced manufacturing enterprises to invest in and focus attention on their logistics systems.