A data-driven optimization approach to improving maritime transport efficiency
Ship inspections conducted by port state control (PSC) can effectively reduce maritime risks
and protect the marine environment. The effectiveness of PSC depends on accurately …
and protect the marine environment. The effectiveness of PSC depends on accurately …
New product family demand planning: Addressing SKU‐level spread bias
New product supply chain planning is challenging, primarily due to the lack of historical
demand data. Rarely, however, do the academic literature or companies differentiate the …
demand data. Rarely, however, do the academic literature or companies differentiate the …
Measuring prediction accuracy in a maritime accident warning system
Advances in machine learning methods and the availability of new data sources show
promise for improving prediction of operational risk. Maritime transportation is the backbone …
promise for improving prediction of operational risk. Maritime transportation is the backbone …
A hypothesis test algorithm for determining when weighting individual judgments reliably improves collective accuracy or just adds noise.
The wisdom of a crowd can be extracted by simply averaging judgments, but weighting
judges based on their past performance may improve accuracy. The reliability of any …
judges based on their past performance may improve accuracy. The reliability of any …
Product portfolio management with production flexibility in agribusiness
S Bansal, M Nagarajan - Operations Research, 2017 - pubsonline.informs.org
The acquisition of production flexibility is a well-documented strategy pursued by many firms
to counteract certain operational constraints. However, these flexibilities can increase the …
to counteract certain operational constraints. However, these flexibilities can increase the …
Addressing economic/environmental sustainability trade‐offs in procurement episodes with industrial suppliers
LW Saunders, J Paul Brooks… - Production and …, 2020 - journals.sagepub.com
Literature supports that buyers can influence suppliers to adopt sustainable practices. Much
of this literature, however, is descriptive and takes only the perspective of a buyer trying to …
of this literature, however, is descriptive and takes only the perspective of a buyer trying to …
Assessing uncertainty from point forecasts
The paper develops a model for combining point forecasts into a predictive distribution for a
variable of interest. Our approach allows for point forecasts to be correlated and admits …
variable of interest. Our approach allows for point forecasts to be correlated and admits …
Estimating uncertainties using judgmental forecasts with expert heterogeneity
In this paper, we develop a new characterization of multiple-point forecasts provided by
experts and use it in an optimization framework to deduce actionable signals, including the …
experts and use it in an optimization framework to deduce actionable signals, including the …
Reducing and calibrating for input model bias in computer simulation
LE Morgan, L Rhodes-Leader… - INFORMS Journal on …, 2022 - pubsonline.informs.org
Input model bias is the bias found in the output performance measures of a simulation model
caused by estimating the input distributions/processes used to drive it. When the simulation …
caused by estimating the input distributions/processes used to drive it. When the simulation …
Optimal Prototy** with Noisy Measurements
Problem definition: Prototy** and testing are an integral part of almost any new product
development process, hel** firms navigate the inherent uncertainties of creating new …
development process, hel** firms navigate the inherent uncertainties of creating new …