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Mathematical Modeling of Supply Chain Management Systems
Abstract
Supply Chain Management (SCM) is the practice of coordinating the flow of goods, services, information and finances as they move from raw materials to parts supplier to manufacturer to wholesaler to retailer to consumer. Different supply chains have been designed for a variety of firms and this chapter discusses some issues in this regard. This chapter attempts to find why we require different supply chain for different companies. In this chapter we discuss the role of stochastic models in supply chain management system, and also discuss other mathematical models for SCM.
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