Presents a stochastic management approach for manufacturing and service enterprises with risks by a game/strategic view in order to show the goal and constraints on these enterprises and to provide a strategic/collaborative solution for management with risks in heterogeneity

Markus Hammer investigates a time-based and analytics-supported operations management approach. He explores five perspectives: 1) the needs of industry, in particular manufacturing in process industries, 2) the impact of digitization, with focus on Big Data and analytics, 3) the management of...

Real problems are formulated into tractable mathematical models, which allow for an analysis of various approaches.Attention is focused on solutions.Provides a unified treatment of the models discussed , presents a critique of the existing results, and points out potential research directions.