One of the fast growing elements of the Internet is electronic
commerce, which refers to the use of electronic means to conduct
business transactions within or across business entities. Nearly 80
percent of all Fortune 500 companies have been doing their core
business through the Internet. Many issues, and societal
implications of electronic commerce, are the subjects of recent
research. A supply chain consists of all the entities and
activities that enable the production, distribution, and delivery
of products and services to consumers. Research in designing and
managing supply chains has rapidly expanded during the last decade.
In addition, increased and accessible computing power and modeling
capabilities have spurred this growth, enabling researchers to
simultaneously consider the many interrelated variables and
decisions of a supply chain in a single tractable model.
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