Contextual Complications in Analytical Modeling: When the Problem is Not the Problem
In this essay, I describe 10 critical complicating factors that directly affect the six basic modeling components of problem definition, assumptions, decision variables, objective functions, constraints, and solution approach. The proposed 10 contextual ...
Portfolio-Wide Optimization of Pharmaceutical R&D Activities Using Mathematical Programming
- Hua Wang,
- Jon Dieringer,
- Steve Guntz,
- Shankarraman Vaidyaraman,
- Shekhar Viswanath,
- Nikolaos H. Lappas,
- Sal Garcia-Munoz,
- Chrysanthos E. Gounaris
The research and development (R&D) management in any major research pharmaceutical company is constantly faced with the need to make complicated activity scheduling and resource allocation decisions, as they carry out scientific work to develop new ...
Limousine Service Management: Capacity Planning with Predictive Analytics and Optimization
Thelimousine service in luxury hotels is an integral component of the whole customer journey in the hospitality industry. One of the largest hotels in Singapore manages a fleet of both in-house and outsourced vehicles around the clock, serving 9,000 trips ...
Dynamic Inventory Allocation for Seasonal Merchandise at Dillard’s
We consider how to allocate inventory of seasonal goods in a two-echelon distribution network for Dillard’s Inc., a large department store chain in the United States. Our objective is to allocate products with limited inventory from a distribution center ...
Seasonal Inventory Management Model for Raw Materials in Steel Industry
We developed a seasonal inventory management model for raw materials, such as iron ore and coal, for multiple suppliers and multiple mills. The Nippon Steel Corporation imports more than 100 million tons of raw material annually by vessels from Australia, ...
Book Reviews
In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in ...