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Fundamentals of Supply Chain Theory

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  • Author(s)Lawrence V. Snyder / Zuo-Jun Max Shen
  • Edition1
  • Published2nd August 2011
  • PublisherJohn Wiley & Sons Inc (US)
  • ISBN
  • University course code
An authoritative, quantitative approach to supply chain

Addressing the need for the study of supply chain management to
evolve at the same pace as it's real-world practice,
Fundamentals of Supply Chain Theory presents the methodology
and foundations of the topic and also demonstrates how recent
developments build upon classic models. The authors focus on
strategic and tactical aspects of supply chain management, covering
a broad range of topics from forecasting, inventory management, and
facility location to process flexibility, contracting, and

Key mathematical models for optimizing the design, operation,
and evaluation of supply chains are presented as well as models
currently emerging from the research frontier. Following a thorough
introduction, the book delves into a discussion of centralized
models, including:

  • Forecasting and demand

  • Deterministic inventory models

  • Stochastic inventory models

  • Multi-Echelon inventory models

  • Processes for dealing with
    uncertainty in inventory optimization and facility location

  • Facility location models

  • Process flexibility

In addition, the authors present decentralized models that
involve multiple parties with independent, conflicting objectives,
covering topics such as:

  • The bullwhip effect

  • Supply chain contracts

  • Auctions

Each chapter concludes with a set of problems that challenge
readers to understand, interpret, and extend the discussed models
and algorithms. In addition, extensive appendices provide guidance
on writing proofs and also outline helpful formulas related to
probability theory, calculus, and algebra.

Extensively class-tested to ensure an easy-to-follow
presentation, Fundamentals of Supply Chain Theory is a
suitable book for business and engineering courses on supply chain
management at the graduate level. The book also serves as an
authoritative reference for academics and practitioners working in
the areas of operations research, business, management science, and
industrial engineering.

This book was named the 2011 Joint Publishers Book of
the Year
by the Institute of Industrial Engineers.

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