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Supply Chain Network Economics: Dynamics of Prices, Flows And Profits (New Dimensions in Networks Series)
 
 
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Supply Chain Network Economics: Dynamics of Prices, Flows And Profits (New Dimensions in Networks Series) [Hardcover]

Anna Nagurney (Author)

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Book Description

August 6, 2006 1845429168 978-1845429164
This book is the first to bring an economics perspective in a rigorous manner to complex decision-making in the management of supply chains. It provides the foundations for the modeling of the interrelationships among decision-makers in supply chains, ranging from manufacturers, distributors, and retailers, to the consumers, assuming individualized behavior. The models handle both competition and cooperation and provide the resulting product flows and prices in the chains. A unique network economics perspective is brought to the issue, setting the book apart from the numerous management and operations research volumes available.

After an introduction of the theoretical foundations, the book then extends and applies the theory to energy supply chains in the form of electric power generation and distribution networks. The relationships between electric power supply chains and transportation networks are vividly captured through theoretical results and the solution of practical examples. The book then explores environmental supply chain and financial networks with intermediation, which are interpreted as supply chains and also solved as such. Throughout, the underlying theme is that of transportation networks and how the relationships between supply chain networks and the more established theory of transportation network equilibria can be applied and exploited for logistic-type applications.

Economists and transportation researchers will find the book’s theory and applications of great interest. Operations researchers and management scientists as well as practitioners in business logistics will be interested in the book’s methodological and practical tools.


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About the Author

Anna Nagurney, John F. Smith Memorial Professor, Isenberg School of Management and Director, Virtual Center for Supernetworks, University of Massachusetts, Amherst

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Inside This Book (learn more)
First Sentence:
Supply chains are the critical infrastructure for the production, distribution, and consumption of goods as well as services in our globalized Network Economy. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
supply chain network model, equilibrium path flows, modified projection method converged, marginal handling cost, disutility pattern, equilibrium product flows, two demand markets, link travel cost functions, single demand market, path flow pattern, chain network models, governing equilibrium conditions, generating cost function, travel disutilities, chain network flow, chain network system, exact equilibration algorithm, travel disutility, network equilibrium model, reverse supply chain management, convergence criterion utilized, equilibrium link flows, monotone attractor, network equilibrium problem, electric power transactions
Key Phrases - Capitalized Phrases (CAPs): (learn more)
University of Massachusetts, United States, Computation Compute, Computed Equilibrium Power Flows, Demand Market Fig, Iteration Fig, European Union, Adaptation Compute, Energy Information Administration, N-dimensional Euclidean, Optimality Conditions Let
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