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Supply Chain Management
book

Supply Chain Management

by Vinod V. Sople
August 2011
Intermediate to advanced
556 pages
19h 45m
English
Pearson India
Content preview from Supply Chain Management

23

Quantitative Techniques in Supply Chain

You can use all the quantitative data you can get, but you still have to distrust it and use your own intelligence and judgment

 

—Alvin Toffler

Chapter Objectives

To understand:

  • Role of quantitative techniques in supply chain
  • Different QTs used in decisionmaking in SC
  • Linear programming (LP)
  • Modelling and simulation
  • Queuing theory
  • Inventory models

 

QTs in Supply Chain

 

QTs in Supply Chain

 

Quantitative techniques (QT) play an important role in managerial decision-making process. QTs are used in cost reduction, servicing customers and in business process optimization. It provides for analysis and enables proper ...

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Publisher Resources

ISBN: 9788131760994