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Labor and Supply Chain Networks (Hardcover, 1st ed. 2022)
Loot Price: R3,970
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Labor and Supply Chain Networks (Hardcover, 1st ed. 2022)
Series: Springer Optimization and Its Applications, 198
Expected to ship within 12 - 17 working days
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The COVID-19 pandemic has vividly and dramatically demonstrated the
importance of supply chains to the functioning of societies and our
economies. The discussion in this timely book explores prominent
issues concerning supply chain networks and labor. The readership
is aimed to include students, researchers, practitioners, and
policy-makers, interested in the wide range of topics presented in
these pages. Labor has a particular focus as the driver behind
supply chains, whether associated with food products, life-saving
medicines and supplies, or high tech products that make innovation
possible, just to name a few. The impacts of policy interventions,
in the form of wage bounds, and their ramifications, in terms of
volume of attracted labor, product prices, product volumes, as well
as profits, are explored. Profit-maximizing firms are considered
(with relevant associated issues such as waste management in the
case of the food sector, for example), but also non-profits, as in
blood services, as well as humanitarian organizations engaged in
disaster relief. The book is filled with many network figures,
graphs, and tables with data, both input and output and includes an
appendix that provides the foundations of the underlying
mathematical methodologies used. The book offers strong evidence
for the need to provide a holistic, system-wide perspective for the
modeling, analysis, and solution of supply chain problems with the
inclusion of the critical labor resources. A formalism using the
prism of supply chain networks, which yields a graphic
representation of supply chains, consisting of multiple
stakeholders, is constructed. Models that capture the behaviors and
interactions of single decision-makers as well as multiple
decision-makers engaged in supply chain activities of production,
transportation, storage, and distribution, are considered. The
models capture many realistic constraints faced by firms today, as
they seek to produce and deliver products, while dealing with
competition, various constraints on labor, a variety of
disruptions, labor shortages, challenges associated with proper
wage-determination, plus the computation of optimal investments in
labor productivity subject to budget constraints. The book provides
prescriptive suggestions in terms of how to ameliorate negative
impacts of labor disruptions and demonstrate benefits of
appropriate wage determination.
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