This book 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. The book focuses on the three manufacturing classes - continuous, point-wise and flexible stream types - under risks. These streams are first studied using the respective stochastic processes and are characterized and developed as a queueing/strategic control problem of look-ahead/buffer, selection/switchover, and arrangement/routings. Behaviors of some design/control variables are shown, and useful theories for design are established.

"The objective of this book is to develop a unified theory for how to apply several of the techniques of operations research to analyze how to design and operate a wide variety of manufacturing and service systems, while taking the market and operating risks of these systems fully into account.The Japanese have tended to lead the way in developing path-breaking methods of production and operations management in recent decades. Indeed some very key manufacturing initiatives have originally come from Japan."

Management in the Age of Risk.- Stochastic Management Approach.- Risk Chains and Balancing.- Stochastic Management Model.- Management Cycle Model.- Limit-Cycle Model.- Management with Sales Risk.- Service Versus Manufacturing Model.- Stream Risk Processes.- Continuous Risk Stream.- Line Design with Stoppers.- Point-Wise Risk Processes.- Dynamic Type Strategy.- Flexible Risk Processes.- Flexible Cell System.- FAS with Generalized CSPSs.- Job/Customers Routing.- FMS/FAS and Optimal Routing.- Ellipse Management with Risks.- Assembly Enterprise.- Mixed Line Design with Look-Ahead.- NonAssembly Type.- Flexible Enterprise and Ellipse Strategy.- Demand and Supply Risk Chain.- 2MGM Chains and Balancing.- Make-or-Buy and Retail SCMs.- Manufacturing SCM.- Toyota Versus Dell Strategy.- Emerging Challenge.- Pair-Strategic Map Issues.- Summary and Remarks.- Stochastic Management Approach.