Titlebook: Manufacturing and Service Enterprise with Risks; A Stochastic Managem Masayuki Matsui Book 2009 Springer-Verlag US 2009 Management.Operatio

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978-1-4419-4647-8Springer-Verlag US 2009

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Management in the Age of RiskModern enterprises increasingly rely on each other by managing risks [2] and depend on globalization. The modern management approach is moving toward a collaborative age of risk, such as ERP/SCM (Enterprise Resource Planning/Supply Chain Management), which is applied to handle heterogeneity.

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Stochastic Management ApproachF. W. Taylor, the father of scientific management, said in 1903 that management is an art [22]. By “an art” he meant the scientific law/technique (enterprise/factory) and the applicative “waza.” Following that, this definition was further developed by Koontz and O’Donnell [9] and others.

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Management Cycle ModelA typical type of management cycle model is well-known in respective manufacturing processes [5]. The three main manufacturing processes include continuous, point-wise, and flexible streams.

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