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Information Centric Optimization of Inventories in Capacitated Supply Chains: Three Illustrative Examples

  • Srinagesh Gavirneni
Part of the Applied Optimization book series (APOP, volume 98)

Abstract

Recent enhancements in information technology have played a major role in the timely availability and accuracy of information across the supply chain. It is now cheaper to gather, store, and analyze vast amounts of data and this has presented managers with new opportunities for improving the efficiency of their supply chains. In addition, the latest developments in supply chain management have led everyone to believe that cooperation between members of a supply chain can lead to larger profits. While some gains have been realized from these developments, most organizations have failed to take the most advantage of them. To overcome this, there is a need to redesign a firm’s supply chain with regards to its structure and modus operandi. This chapter illustrates this need for information-centric design and management of capacitated supply chains using three examples based on three different supply chain configurations.

Keywords

Supply Chain Inventory Level Penalty Cost Demand Variance Supply Chain Performance 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media, Inc. 2005

Authors and Affiliations

  • Srinagesh Gavirneni
    • 1
  1. 1.Johnson Graduate School of ManagementCornell UniversityIthaca

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