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Economic Logistics - The Optimization of Spatial and Sectoral Resource, Production, and Distribution Systems (Hardcover, New)
Loot Price: R2,593
Discovery Miles 25 930
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Economic Logistics - The Optimization of Spatial and Sectoral Resource, Production, and Distribution Systems (Hardcover, New)
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This work uses techniques of optimization and operations research
to develop the first comprehensive survey of the entire field of
the optimization of resource, production, and distribution systems.
Sten Thore proposes an "economic logistics" that is similar to the
well-known concept of military logistics, but which is expanded to
include such features as the optimal location of plants,
inventories and retail outlets, and the management of hierarchical
multi-echelon production, inventory, and distribution systems. The
study of individual features of this supply process is familiar
from operations research, but Thore joins these elements together
into larger analytic structures encompassing the production and
distribution system in an entire industry. Following an
introductory chapter and a review of the saddle-point theory,
coauthored with W. W. Cooper, Thore explores the three dimensions
of the supply process synthesis: the spatial dimension (as in
simple transportation systems), the vertical dimension (extending
from resources to finished consumer goods, as in activity
analysis), and the time dimension (as in inventory accumulation and
investment). The combination of these then leads to models of such
diverse subjects as regional warehouse systems, activity analysis
and activity networks, multi-stage warehouse systems of
intermediate goods, distribution networks, and spatial equilibrium.
Each chapter contains its own exercises which are solved
numerically and discussed in great detail, and illustrate such
optimization techniques as linear and nonlinear programming, goal
programming and goal focusing, chance-constrained programming, and
infinite games. This work is designed for use ingraduate courses in
economics and mathematics modeling, and will also be a useful
addition to college and university library collections.
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