Supply Chain Network Economics: Dynamics of Prices, Flows and Profits (New Dimensions in Networks series) - Hardcover

Nagurney, Anna

Hardcover

ISBN 10: 1845429168 ISBN 13: 9781845429164

Publisher: Edward Elgar Publishing, 2006

Synopsis

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.

About this title

About the Author:

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

Review:

'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

'Supply chain networks are made up of manufacturers, distributors, retailers, and consumers; and their operation requires a combination of competition and cooperation that violates principles of fundamentalist free-marketeers and socialists alike. Nagurney (management and supernetworks, U. of Massachusetts-Amherst) uses a network economics approach to describe the behavior and structure of such complex network systems, with their many decision makers and individualized behaviors. She assumes readers to be practicing or research economists.' --Annotation ©2006 Book News, Inc., Portland, OR (booknews.com)

About this edition

• Publisher: Edward Elgar Publishing
• Publication date: 2006
• ISBN 10: 1845429168
• ISBN 13: 9781845429164
• Binding: Hardcover
• Number of pages: 448