Knapsack problems: algorithms and computer implementations
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The infusion of information technology into business operations is drastically changing the way businesses operate. In addition, the universal availability of the Internet is accelerating mass customization of products--from PCs to automobiles. Managing supply chain relationships in this new environment, therefore, necessitates the adoption of a new production paradigm characterized by: • A centralized strategy but decentralized operation • A synchronized supply chain management system • A collaborative partnership among selected suppliers • A new interoperable, open information system infrastructure • A 'broker' and an intelligent, mobile, agent-based trading system. This paper describes a software system that satisfies these properties and one that can support business operations of a massively customized production system and its supporting supply chain partners.