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作者:Chen, Li
作者单位:Cornell University
摘要:A phantom stockout is a retail stockout phenomenon caused by unobserved inventory shrinkage. Unlike conventional stockouts that can be corrected by inventory replenishment, a phantom stockout persists and requires human inspection. In this study, we formulate such a problem as an infinite-horizon Bayesian dynamic program with joint inventory inspection and replenishment decisions. This problem is challenging to solve due to non-convexity and high dimensionality. However, we find that under the...
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作者:Kouvelis, Panos; Turcic, Danko
作者单位:Washington University (WUSTL); University of California System; University of California Riverside
摘要:Financial hedging of raw material prices and exchange rates has become an integral part of many manufacturers' operating practices. Previous empirical research suggests that a desire to avoid financial distress and the affiliated curtailment in operations is one of the strongest hedge motivations. Taking the hedging motivation as given, we examine the effectiveness of two data-driven hedging policies at mitigating financial distress in the car manufacturing industry. The first policy is the co...
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作者:Kadiyala, Bharadwaj; ozer, Ozalp; Simsek, A. Serdar
作者单位:Utah System of Higher Education; University of Utah; University of Texas System; University of Texas Dallas; Amazon.com
摘要:This paper empirically investigates using the e-mail channel to target customers with a delayed incentive promotion-specifically, gift card promotion-and derives data-driven e-mail targeting policies. Gift card promotions are popular across retailers because they incentivize customers to spend more than a fixed expenditure level on regularly priced products by rewarding customers with a gift card to be redeemed against a future purchase. The e-mail channel provides retailers with new sources o...
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作者:Sodhi, ManMohan S.; Tang, Christopher S.
作者单位:City St Georges, University of London
摘要:A company must develop the AAA capabilities of agility, adaptability, and alignment in its supply chain to compete in a dynamic global environment profitably. However, as businesses face new challenges with increased environmental and social sustainability expectations, they must expand these AAA supply chain capabilities to people, planet, and profits. This study provides a framework for extending a company's capabilities for profitable supply chain management to those needed to achieve tripl...
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作者:Spearman, Mark L.; Hopp, Wallace J.
作者单位:University of Michigan System; University of Michigan
摘要:Throughout its history, the industrial engineering/operations management (IE/OM) field has relied heavily on axiomatic models and empirical studies of individual systems. But, unlike other engineering and management disciplines, it lacks a clear foundation in a descriptive science. Exceptional results like the famous bullwhip effect paper by Lee et al. (1997) hint at the powerful potential for a descriptive science of operations. But the very fact that such works are exceptional suggests that ...
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作者:Roth, Aleda; Zheng, Yanchong
作者单位:Clemson University; Massachusetts Institute of Technology (MIT)
摘要:In this paper, we honor Stanford University Professor Hau Lee, who is a great inspiration and thought leader in the supply chain and operations management (SC&OM) field. Our discussion centers around one of the most challenging SC&OM problems-food production, distribution, and consumption from dirt to table. We advocate and link our notions of emergent regenerative, organic food value chains (ROFVC) with quadruple-aim performance (QAP) that connects financial outcomes with ecological, human, a...
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作者:Nambiar, Mila; Simchi-Levi, David; Wang, He
作者单位:Agency for Science Technology & Research (A*STAR); Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); University System of Georgia; Georgia Institute of Technology
摘要:We study a multi-period inventory allocation problem in a one-warehouse multiple-retailer setting with lost sales. At the start of a finite selling season, a fixed amount of inventory is available at the warehouse. Inventory can be allocated to the retailers over the course of the selling horizon (transshipment is not allowed). The objective is to minimize the total expected lost sales and holding costs. In each period, the decision maker can use the realized and possibly censored demand obser...
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作者:Lee, Chung-Yee; Shu, Shengnan; Xu, Zhou
作者单位:Hong Kong University of Science & Technology; Hong Kong Polytechnic University
摘要:For global shippers (i.e., multinational manufacturers or retailers), strategic sourcing of container liner shipping services from ocean carriers is an important element of successful global supply chain management. We study how to utilize information about different ocean carriers' liner service schedules so that shippers can optimize their sourcing decisions over the selection of carriers to transport container cargoes around the world through multiple shipping lanes. We first introduce a de...
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作者:Dong, Lingxiu
作者单位:Washington University (WUSTL)
摘要:Agriculture value chains are going through a paradigm shift, from efficiency-driven industrial agriculture to resilience-focused eco-friendly agriculture. The nature of the paradigm shift is, to a certain extent, similar to the transformation taking place in many other industries (Lee 2014); its impact on the environment is, however, far-reaching. This study intends to raise awareness of the challenges and trends in agriculture value chains and explores research opportunities through which ope...
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作者:Lee, Hau L.
作者单位:Stanford University
摘要:As supply chains become more and more globalized, even in times of disruptions and trade frictions, and that consumers are increasingly more demanding on the environmental and social responsibility performances of the supply chains that supply products they are buying, research in supply chain management should also contribute to make an impact under such trends. I call this supply chains with a conscience, where supply chains need to continuously strive to minimize the harms and negative impa...