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Introduction

  • David Simchi-Levi
  • Xin Chen
  • Julien Bramel
Chapter
Part of the Springer Series in Operations Research and Financial Engineering book series (ORFE)

Abstract

For many companies, the ability to efficiently match demand and supply is key to their success. Failure to do so could lead to loss of revenue, reduced service levels, impacted reputation, and decline in the company’s market share. Unfortunately, recent developments such as intense market competition, product proliferation, and the increase in the number of products with a short life cycle have created an environment where customer demand is volatile and unpredictable. In such an environment, traditional operations strategies such as building inventory, investing in capacity buffers, or increasing committed response time to consumers do not offer a competitive advantage. Therefore, many companies are looking for effective strategies to respond to market changes without significantly increasing cost, inventory, or response time. This has motivated a continuous evolution of the management of logistics systems.

Keywords

Supply Chain Supply Chain Management Travel Salesman Problem Logistics Network Logistics Management 
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 New York 2014

Authors and Affiliations

  • David Simchi-Levi
    • 1
  • Xin Chen
    • 2
  • Julien Bramel
    • 3
  1. 1.Massachusetts Institute of TechnologyCambridgeUSA
  2. 2.University of Illinois at Urbana-ChampaignUrbanaUSA
  3. 3.Pine River Capital ManagementNew YorkUSA

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