Invisible Balancing/Collaboration of Enterprises

Masayuki Matsui
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Masayuki Matsui: The University of Electro-Communications

Chapter Chapter 6 in Manufacturing and Service Enterprise with Risks II, 2014, pp 77-97 from Springer

Abstract: Abstract The well-known invisible hand in economics is hypothesized to cause a win-win situation in the division of work. The invisible hand is regarded here as the demand speed in Matsui (2008), and the system balancing problem by demand speed is considered to be stochastic under a station-centered approach. This chapter discusses a stochastic approach to system or risk balancing/re-balancing by demand speed based on an assembly line toward a demand (supply) chain and presents a fundamental theory for the cost/profit balancing of under and excess penalties based on demand speed. The next Sect. 6.2, focuses on the K-center model of series/parallel types in the invisible balancing/collaboration of enterprises.

Keywords: Profit Maximization; Ellipse Shape; Invisible Hand; Integral Optimization; Parallel Type (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:isochp:978-4-431-54619-1_6

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DOI: 10.1007/978-4-431-54619-1_6

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