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Supply Chain Network Economics

Dynamics of Prices, Flows and Profits Anna Nagurney, John F. Smith Memorial Professor, Isenberg School of Management and Director, Virtual Center for Supernetworks, University of Massachusetts, Amherst, US
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.
Extent: 448 pp
Hardback Price: $186.00 Web: $167.40
Publication Date: 2006
ISBN: 978 1 84542 916 4
Availability: In Stock
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  • Business and Management
  • Operations Management
  • Economics and Finance
  • Industrial Organisation
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 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.
‘The entire book is quite easy to read and can serve as a self-contained introduction to supply chain modeling. . . Because it contains many original perspectives on supply chains as complex network systems, it is also useful as a reference for researchers and doctoral students interested in applying the theory of noncooperative games to supply chain networks. Certainly any serious student or reader of supply chains should have this book among his/her readily available references. It is and excellent book.’
– Terry L. Friesz, Journal of Regional Science
Contents: Preface Part I: Supply Chain Networks 1. Introduction and Overview 2. Supply Chain Networks 3. Transportation Network Equilibrium Transformations 4. Supply Chains and Risk Management 5. Dynamic Supply Chain Networks and Transportation Part II: Energy Supply Chains 6. Electric Power Supply Chains 7. Dynamics Under Risk and Uncertainty 8. Electric Power Supply Chains and Transportation 9. Power Plant Selection and Policy Interventions Part III: Environmental and Financial Networks 10. Supply Chains and Environmental Criteria 11. Reverse Supply Chain Management and E-Cycling 12. Financial Networks and Transportation A. Optimization Theory, VIs, and PDSs B. Problems Bibliography Index