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Assortment optimization is an important problem that arises in many practical applications such as retailing and online advertising. In such settings, the goal is to select a subset of items to offer from a universe of substitutable items in order to maximize expected revenue when consumers...
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Food adulteration poses a serious threat to public health. The U.S. Food and Drug Administration (FDA) has a major role in maintaining food safety in the U.S. through various activities including sampling of imported shipments and site inspections. However, resource constraints limit the number...
Persistent link: https://www.econbiz.de/10014106676
We consider new online variants of supply chain management models, where in addition to production decisions, one also has to actively decide on which customers to serve. Specifically, customers arrive sequentially during a selection phase, and one has to decide whether to accept or reject each...
Persistent link: https://www.econbiz.de/10014360250
Problem Definition: Price surge of essential commodities despite inventory availability, due to artificial shortage, presents a serious threat to food security in many countries. To protect consumers' welfare, governments intervene reactively with either (i) Cash Subsidy, to increase consumers'...
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Supply uncertainty in produce supply chains presents major challenges to retailers. Supply shortages create frequent disruptions in terms of promised delivery times, quantity and quality delivered. To alleviate these challenges, dual sourcing---a strategy in which buyers source a good from two...
Persistent link: https://www.econbiz.de/10012502021
This paper illustrates how supply chain (SC) analytics could provide strategic and operational insights to inform risk-based allocation of regulatory resources in food SCs, for management of food safety and adulteration risks. The paper leverages a massive, self-constructed dataset of food...
Persistent link: https://www.econbiz.de/10012848038