The Logic of Logistics: Theory, Algorithms, and Applications for Logistics and Supply Chain Management (Springer Series in Operations Research and Financial Engineering) - 2nd edition

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. Preface......Page 6 Contents......Page 10 1.1 What Is Logistics Management?......Page 16 1.2 Examples......Page 18 1.3 Modeling Logistics Problems......Page 21 1.4 Logistics in Practice......Page 22 1.5 Evaluation of Solution Techniques......Page 23 1.6 Additional Topics......Page 24 1.7 Book Overview......Page 25 2.1 Introduction......Page 30 2.2 The Bin-Packing Problem......Page 31 2.3 The Traveling Salesman Problem......Page 37 2.4 Exercises......Page 47 3.1 Introduction......Page 52 3.2 The Bin-Packing Problem......Page 53 3.3 The Traveling Salesman Problem......Page 58 3.4 Exercises......Page 63 4.1 Introduction......Page 66 4.2 An Asymptotically Tight Linear Program......Page 67 4.3 Lagrangian Relaxation......Page 70 4.4 Lagrangian Relaxation and the Traveling Salesman Problem......Page 72 4.5 The Worst-Case Effectiveness of the 1-tree Lower Bound......Page 75 4.6 Exercises......Page 79 5.1 Introduction......Page 84 5.2 Worst-Case Analysis of Heuristics......Page 85 5.3 The Asymptotic Optimal Solution Value......Page 90 5.4 Asymptotically Optimal Heuristics......Page 91 5.5 Exercises......Page 95 6.2 Heuristics for the CVRP......Page 96 6.3 Worst-Case Analysis of Heuristics......Page 100 6.4 The Asymptotic Optimal Solution Value......Page 103 6.5 Probabilistic Analysis of Classical Heuristics......Page 109 6.6 The Uniform Model......Page 114 6.7 The Location-Based Heuristic......Page 117 6.9 Exercises......Page 120 7.2 The Model......Page 122 7.3 The Asymptotic Optimal Solution Value......Page 124 7.4 An Asymptotically Optimal Heuristic......Page 129 7.5 Exercises......Page 137 8.1 Introduction......Page 140 8.2 Solving a Relaxation of the Set-Partitioning Formulation......Page 141 8.3 Solving the Set-Partitioning Problem......Page 145 8.4 The Effectiveness of the Set-Partitioning Formulation......Page 148 8.5 Exercises......Page 153 9.1 Introduction......Page 160 9.2 Multi-Item Inventory Models......Page 166 9.3 A Single Warehouse Multi-Retailer Model......Page 173 9.4 Exercises......Page 178 10.1 The Wagner-Whitin Model......Page 180 10.2 Models with Capacity Constraints......Page 186 10.3 Multi-Item Inventory Models......Page 190 10.4 Exercises......Page 192 11.1 Introduction......Page 194 11.2 Single Period Models......Page 195 11.3 Finite Horizon Models......Page 196 11.4 Quasiconvex Loss Functions......Page 203 11.5 Infinite Horizon Models......Page 207 11.6 Multi-Echelon Systems......Page 210 11.7 Exercises......Page 212 12.1 Introduction......Page 218 12.2 An Algorithm for the p -Median Problem......Page 219 12.3 An Algorithm for the Single-Source Capacitated Facility Location Problem......Page 223 12.4 A Distribution System Design Problem......Page 226 12.5 The Structure of the Asymptotic Optimal Solution......Page 230 12.6 Exercises......Page 231 13.1 Introduction......Page 234 13.2 Single Warehouse Models......Page 236 13.3 Worst-Case Analysis of Direct Shipping Strategies......Page 237 13.4 Asymptotic Analysis of ZIO Policies......Page 240 13.5 Asymptotic Analysis of Cross-Docking Strategies......Page 247 13.6 An Algorithm for Multi-Echelon Distribution Systems......Page 249 13.7 Exercises......Page 250 14.1 Introduction......Page 254 14.2 The Setting......Page 255 14.3 Literature Review......Page 257 14.4 The Problem in New York City......Page 258 14.5 Distance and Time Estimation......Page 260 14.6 The Routing Algorithm......Page 262 14.7 Additional Constraints and Features......Page 266 14.8 The Interactive Mode......Page 268 14.9 Data, Implementation and Results......Page 269 15.1 Introduction......Page 270 15.2 Data Collection......Page 272 15.3 The Baseline Feature......Page 277 15.4 Flexibility and Robustness......Page 278 15.5 Exercises......Page 279 References......Page 280 B......Page 292 H......Page 293 O......Page 294 T......Page 295 Z......Page 296 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 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.