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Distributed decision making is described in this book from a hierarchical perspective. A unified approach allows to treat such seemingly diverse fields as multi-level decision making, hierarchical production planning, principal agent theory, hierarchical negotiations, and dynamic games within the framework of a general pair of functional equations. In doing so, the book covers the range from a multi-level one-person decision problem to a multi-person antagonistic planning and leadership situation. These general ideas are illustrated with numerous examples and real-life planning situations. In addition, the treatise provides a theoretical foundation for important problem areas in business administration such as hierarchical production planning, the problems of design and implementation, modern concepts in managerial accounting, and supply chain management.
Distributed decision making (DDM) has become of increasing importance in quantitative decision analysis. In applications like supply chain management, service operations, or managerial accounting, DDM has led to a paradigm shift. The book provides a unified approach to such seemingly diverse fields as multi-level stochastic programming, hierarchical production planning, principal agent theory, negotiations or contract theory. Different settings like multi-level one-person decision problems, multi-person antagonistic planning, and leadership situations are covered. Numerous examples and real-life planning cases illustrate the concepts. The new edition has been considerably expanded by additional chapters on supply chain management, service operations and multi-agent systems.
​This book extends the existing demand fulfillment research by considering multi-stage customer hierarchies. Basis is a two-step allocation and consumption planning procedure. In the existing literature, it is assumed that the customer segments are ‘flat’. This means they can be sorted easily during the allocation planning step by a single central planner in decreasing order of profitability. In the subsequent consumption planning phase, if order requests differ in terms of profit margins, companies can render prioritized service in real time to their most profitable customers by consuming the reserved quotas.
The volume comprises the proceedings of the second International Conference on Dynamics in Logistics LDIC 2009. The scope of the conference was concerned with the identification, analysis, and description of the dynamics of logistic processes and networks. The spectrum reached from the planning and modelling of processes over innovative methods like autonomous control and knowledge management to the new technologies provided by radio frequency identification, mobile communication, and networking. The growing dynamics confronts the area of logistics with completely new challenges: It must become possible to rapidly and flexibly adapt logistic processes and networks to continuously changing conditions. LDIC 2009 provided a forum for the discussion of advances in that matter. The volume consists of one invited paper and of 47 contributed papers divided into various subjects including mathematical modelling in transport and production logistics, routing in dynamic logistic networks, sustainable collaboration and supply chain control policies, information, communication, autonomy, adaption and cognition in logistics, radio frequency identification in logistics and manufacturing networks, applications in production logistics, and logistic solutions for ports, container terminals, regions and services.
This book gives detailed descriptions of the development of two large scale multiagent systems: Agent.Hospital and Agent.Enterprise. These two systems have been developed in close cooperation with more than 20 enterprises and hospitals. They demonstrate clearly that multiagent technology has a great potential for innovative information systems, if a high degree of flexibility of the overall systems is required, e.g. because human actors and technical systems exhibit a great degree of local autonomy, or if the work environment is highly dynamic.
Brings a powerful toolkit to bear on engineering and scientific endeavors. This book describes the fundamental principles of systems science so engineers and other scholars can put them into practical use at work and in their personal lives. Systems science aims to determine systemic similarities among different disciplines and to develop applicable solutions in many fields of inquiry. Systems Science for Engineers and Scholars readers will discover: Ten systems science principles that open engineers’ and scholars’ horizons to practical insights related to their areas of interest A methodology for designing holistic systems that exhibit resilient behavior to overcome systems’ context uncertainties The most critical current dilemma of humankind—the global environment and energy crises, as well as a systemic, no-nonsense action plan to deal with these issues Independent articles describing how engineers and scholars can utilize systems science creatively in (1) engineering and systemic psychology; (2) delivering value and resolving conflicts; (3) multi-objective, multi-agent decision-making; (4) systems engineering using category theory; (5) holistic risk management using systems of systems failures methodology; and (6) systemic accident and mishap analysis Systems Science for Engineers and Scholars contains a broad spectrum of insights as well as an extensive set of examples and graphics that make it ideal for professionals and students interested in a holistic, systems-oriented approach.
Supply Chain Management concerns organizational aspects of integrating legally separated firms as well as coordinating materials and information flows within a production-distribution network. The book provides insights regarding the concepts underlying APS, with special emphasis given to modelling supply chains and successfully implementing APS in industry. Understanding is enhanced through the use of case studies as well as an introduction to the solution algorithms used.
Planning of actions based on decision theory is a hot topic for many disciplines. Seemingly unlimited computing power, networking, integration and collaboration have meanwhile attracted the attention of fields like Machine Learning, Operations Research, Management Science and Computer Science. Software agents of e-commerce, mediators of Information Retrieval Systems and Database based Information Systems are typical new application areas. Until now, planning methods were successfully applied in production, logistics, marketing, finance, management, and used in robots, software agents etc. It is the special feature of the book that planning is embedded into decision theory, and this will give the interested reader new perspectives to follow-up.
A series of papers on business, economics, and financial sciences, management selected from International Conference on Business, Economics, and Financial Sciences, Management are included in this volume. Management in all business and organizational activities is the act of getting people together to accomplish desired goals and objectives using available resources efficiently and effectively. Management comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. Resourcing encompasses the deployment and manipulation of human resources, financial resources, technological resources and natural resources. The proceedings of BEFM2011 focuses on the various aspects of advances in Business, Economics, and Financial Sciences, Management and provides a chance for academic and industry professionals to discuss recent progress in the area of Business, Economics, and Financial Sciences, Management. It is hoped that the present book will be useful to experts and professors, both specialists and graduate students in the related fields.