Currently, corporate social responsibility and environmental/social/governance topics are gaining more relevance in business and finance. Attention to corporate diversity in boards and the workforce is included in this trend. Although most studies focus on executive boards and objective scores,...

Background: Simulation of business processes allows decision-makers to explore the implications and trade-offs of alternative approaches, policies and configurations. Trust in the simulation as a stand-in proxy of the real system depends on the validation of the computer model as well as on that...

Purchasing and procurement managers should make informed decisions in selecting materials at the right time, in sufficient quantities, and at affordable prices. Supplier selection and order allocation (SSOA) is a vital aspect of purchasing and procurement processes. In this research, the...

Exhaustive hyperparameter search techniques such as grid search and random search are widely used in predictive analytics but become computationally expensive and often suboptimal in high-dimensional or nonlinear settings. This challenge is particularly clear in tuning Cycle Reservoir with Jumps...

This study examines how the adoption of operations research models (ORMs) affects the performance of small and medium enterprises (SMEs) in Lagos State. It explores the combined impact of various ORMs on both financial and non-financial performance in a dynamic economic environment.Using a...

Background: Logistics and transport, core of many business processes, are continuously optimized to improve efficiency and market competitiveness. The paper describes a modular coordination of vehicle routing and bin packing problems that enables independent instances of the problems to be...

"SimDec is a revolution in decision-making support. SimDec "teases out" inherent cause-and-effect relationships and reveals the intricacy of relationships between sets of input and output variables. At its core, SimDec is an amalgamation of uncertainty and global sensitivity analysis with an...

Consolidation-based freight transportation supports a large and valuable part of world trade, over short, medium, long, and intercontinental distances, which all societies depend on and thrive on. It is carried out by carriers that supply the resources and services that meet the demands...

The planning and operations of public transport has benefited from the development and application of Operations Research (OR) techniques in the past half a century. In this article, we describe OR-related techniques and applications in the public transport domain in the last 50 years...

This survey paper discusses the literature on Operations Research (OR) models and algorithms for railway planning in the last decades. Since infrastructure and rolling stock are two resources that are both very capital-intensive and characterize the railway system, we focus on timetabling and...

Background: Waste collection is a critical logistical challenge in urban management, and while Internet of Things (IoT) technologies are increasingly used to optimize collection routes, a systematic, quantitative synthesis of their impact is lacking. This study aims to bridge this gap by...

Background: The food sector plays a critical role in promoting population well-being and contributes significantly to economic, social, and environmental development. However, inefficiencies in distribution logistics often result in elevated operational costs, potentially compromising the...

Despite the presence of a considerable corpus of literature investigating the impact of aid on nations' development, the efficiency of utilizing this finite pool of development finance remains ambiguous. The main aim of this study is to address the existing research gap by examining the...

Disasters are unforeseen occurrences requiring extensive transport deployment to support and relieve victims. Sometimes, this transportation is not feasible directly from some supply points to some destination points. Due to this tragedy, it is unclear precisely what is available at supply...