Economic Logistics: The Optimization of Spatial and Sectoral Resource, Production, and Distribution Systems
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 in graduate courses in economics and mathematics modeling, and will also be a useful addition to college and university library collections.

1132778730
Economic Logistics: The Optimization of Spatial and Sectoral Resource, Production, and Distribution Systems
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 in graduate courses in economics and mathematics modeling, and will also be a useful addition to college and university library collections.

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Economic Logistics: The Optimization of Spatial and Sectoral Resource, Production, and Distribution Systems

Economic Logistics: The Optimization of Spatial and Sectoral Resource, Production, and Distribution Systems

by Sten A. Thore
Economic Logistics: The Optimization of Spatial and Sectoral Resource, Production, and Distribution Systems

Economic Logistics: The Optimization of Spatial and Sectoral Resource, Production, and Distribution Systems

by Sten A. Thore

Hardcover

$95.00 
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Overview

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 in graduate courses in economics and mathematics modeling, and will also be a useful addition to college and university library collections.


Product Details

ISBN-13: 9780899305936
Publisher: Bloomsbury Academic
Publication date: 10/18/1991
Series: The IC2 Management and Management Science Series , #3
Pages: 360
Product dimensions: 6.14(w) x 9.21(h) x 0.81(d)

About the Author

STEN THORE is a Senior Research Scientist and the Gregory A. Kozmetsky Centennial Fellow at the IC2 Institute at the University of Texas at Austin. His articles have appeared in numerous jourbanals, including the Jourbanal of Regional Science, Mathematical Modeling, European Jourbanal of Operations Research, and the Jourbanal of Forecasting.

Table of Contents

Introduction: The Task Ahead
Some Elements of Saddle-Point Theory (by W. W. Cooper and Sten Thore)
The Spatial Dimension
The Vertical Dimension
The Time Dimension
Price Formulations
Resource Management by Goal Focusing
Rigid Prices and/or Rigid Wages
Chance-Constrained Activity Analysis and Chance-Constrained Production and Distribution Systems
The Production and Distribution System as an Infinite Game
Index

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