By Chi-Kin Chan, Chin-Kin Chan, H. W. J. Lee
ISBN-10: 1591403030
ISBN-13: 9781591403036
ISBN-10: 1591403049
ISBN-13: 9781591403043
ISBN-10: 1591403057
ISBN-13: 9781591403050
In mild of contemporary fast-paced, globalised economic system, there's an expanding desire for organisations to provide items and use assets extra successfully and successfully. This publication presents the instruments and strategies for companies to streamline their provide chains.
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Additional info for Successful Strategies in Supply Chain Management
Example text
Multi-Stage Efficiency Tools for Goal Setting and Monitoring 29 consider their adaptation to supply chain monitoring. We also propose some additional research needs in this area. Introduction A supply chain or network may be considered to be a set of linked processes connecting downstream customers to upstream suppliers, factories, distribution centers and retailers. Chopra and Meindl (2003) discuss a point of relevance to supply chain management of efficiency frontiers. In particular, they note that the supply chain should ideally operate on the cost-responsiveness efficiency frontier.
In these examples, some important results relating the production rate to demand rate have been developed. Copyright © 2005, Idea Group Inc. Copying or distributing in print or electronic forms without written permission of Idea Group Inc. is prohibited. , 1996; Macdonald, 1978; Sterman, 1987; Sterman, 1989; Towill, 1991, 1992; Towill & Del Velcchio, 1994). Forrester (1961, 1973) modeled and simulated supply chains using differential equations. A highly nonlinear model of a supply chain was derived using repeated coupling of first-order differential equations.
However, one should point out that fractional values for T would only be applied in practice if the periods were weeks or months. Fractional values for days cannot be implemented, unless kiT is an integer for all buyers. The synchronised cycles algorithm is a heuristics based on particular properties of the objective function and the constraints. An estimate of the “optimal” solution and cost can be found by using some more general heuristics search method, such as simulated annealing or genetic algorithms.
Successful Strategies in Supply Chain Management by Chi-Kin Chan, Chin-Kin Chan, H. W. J. Lee
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