The electric power industry is undergoing dramatic change driven by rapid technological
transformation, concern over climate change, and evolving market structures. As a result …

It has long been recognized that many inventory models most relevant to practice are
inherently high‐dimensional, and hence generally believed to become computationally …

We develop an actionable data-driven approach to a periodic-review dual sourcing
inventory management system in the presence of purchase price and demand uncertainties …

Dual-sourcing inventory systems, in which one supplier is faster (ie, express) and more
costly, while the other is slower (ie, regular) and cheaper, arise naturally in many real-world …

With the development of information technology, big data analysis has been highlighted in
operations and management. From this viewpoint, this paper studies a buyer's optimal …

Procurement of aid material such as vaccines by a humanitarian agency (HA) is often
fraught with uncertainties. For example, an epidemic outbreak can increase the demand for …

Sustainability and long‐term prosperity are chronic challenges in the agriculture sector of
many countries. To address such challenges, farmer cooperatives are formed as an …

This paper studies the optimal option purchase of a loss-averse retailer under emergent
replenishment. It is assumed that all or part of the excess demands in a stock-out situation …

We consider a single-item single-period joint inventory management and pricing problem of
a retailer selling an item that has selling price uncertainties. Unlike most of the literature on …

We assume that a newsvendor has a particular time period before the commencement of the
selling season to make a one-time “time-flexible” purchase (Li and Kouvelis [19]) from one of …