Related papers: Outbound Modeling for Inventory Management
In retail (e.g., grocery stores, apparel shops, online retailers), inventory managers have to balance short-term risk (no items to sell) with long-term-risk (over ordering leading to product waste). This balancing task is made especially…
In this work we compare several new computational approaches to an inventory routing problem, in which a single product is shipped from a warehouse to retailers via an uncapacitated vehicle. We survey exact algorithms for the Traveling…
The load planning problem is a critical challenge in service network design for parcel carriers: it decides how many trailers to assign for dispatch over time between pairs of terminals. Another key challenge is to determine a flow plan,…
The rise of big data analytics has automated the decision-making of companies and increased supply chain agility. In this paper, we study the supply chain contract design problem faced by a data-driven supplier who needs to respond to the…
The assortment planning problem is a central piece in the revenue management strategy of any company in the retail industry. In this paper, we study a robust assortment optimization problem for substitutable products under a sequential…
Machine learning approaches have recently been leveraged as a substitute or an aid for physical/mathematical modeling approaches to dynamical systems. To develop an efficient machine learning method dedicated to modeling and prediction of…
Booking control problems are sequential decision-making problems that occur in the domain of revenue management. More precisely, freight booking control focuses on the problem of deciding to accept or reject bookings: given a limited…
We consider the task of autonomously unloading boxes from trucks using an industrial manipulator robot. There are multiple challenges that arise: (1) real-time motion planning for a complex robotic system carrying two articulated…
The technology-enabled ride-pooling (RP) is designed as an on-demand feeder service to connect remote areas to transit terminals (or activity centers). We propose the so-called ``hold-dispatch'' operation strategy, which imposes a target…
This tutorial contrasts probabilistic modeling and robust optimization to determine decisions in humanitarian logistics, specifically supply chains subject to adversarial (natural and human) disruptions. Natural disruptions induce dispatch…
We study the inbound supply mode and inventory management decision making for a company that sells an assortment of products. Stochastic demand for each product arrives periodically and unmet demand is backlogged. Each product has two…
One key requirement for effective supply chain management is the quality of its inventory management. Various inventory management methods are typically employed for different types of products based on their demand patterns, product…
In this paper, we investigate a supply chain network with a supplier and multiple retailers. The supplier can either take orders from retailers directly, or choose to build a warehouse somewhere in the network to centralize the ordering…
We study how to unwind stochastic order flow with minimal transaction costs. Stochastic order flow arises, e.g., in the central risk book (CRB), a centralized trading desk that aggregates order flows within a financial institution. The desk…
Green hydrogen has multiple use cases and is produced from renewable energy, such as solar or wind energy. It can be stored in large quantities, decoupling renewable energy generation from its use, and is therefore considered essential for…
Demand forecasting based on empirical data is a viable approach for optimizing a supply chain. However, in this approach, a model constructed from past data occasionally becomes outdated due to long-term changes in the environment, in which…
The growing demand for real-time processing tasks is driving the need for multi-model inference pipelines on edge devices. However, cost-effectively deploying these pipelines while optimizing Quality of Service (QoS) and costs poses…
Many sequential decision-making problems that are currently automated, such as those in manufacturing or recommender systems, operate in an environment where there is either little uncertainty, or zero risk of catastrophe. As companies and…
To improve decision-making and planning efficiency in back-end centralized redundant supply chains, this paper proposes a decision model integrating deep learning with intelligent particle swarm optimization. A distributed node deployment…
Risk limiting dispatch (RLD) has been proposed as an approach that effectively trades off economic costs with operational risks for power dispatch under uncertainty. However, how to solve the RLD problem with provably near-optimal…