In the ranking-and-selection field, many current existing fully sequential procedures are developed under the indifference-zone (IZ) formulation which assumes an optimality gap between the best alternative and the others. In this paper, by modifying one classical fully sequential procedure,

In 1992, FDA instituted the accelerated approval pathway (AP) to allow promising drugs to enter the market based on limited evidence, but requiring manufacturers to verify the drugs’ true clinical benefits through post-market studies. However, most post-market studies are not completed due to many

Optimal routing solutions in deterministic models usually fail to deliver promised on-time services in the real world of uncertainty, causing potential loss of customers and revenue. In this study, we propose a new formulation for the data-driven Vehicle Routing Problem with Time Windows (VRPTW)

Many retailers and manufacturers adopt the practice of accepting product returns from consumers (via money-back guarantee) and retailers (via full-credit returns policy) respectively. While the extant literature focuses on either the manufacturer’s or retailer’s returns policy, this paper

Operations management has the tradition of coming from and going back to real-life applications. It deals with the management of the process of matching supply with demand. The emerging business process in a sharing economy or an innovative marketplace calls for active management from the

Consumers regard product delivery as an important service component that influences their shopping decisions on online retail platforms. Delivering products to customers in a timely and reliable manner enhances customer experience and companies' profitability. In this research, we explore the

This paper investigates the effects of reward redemption hurdles in customer reward programs. Our research context is ``buy X, get one free'' (BXGO) reward programs, which incorporate two common redemption hurdles: a redemption threshold (X purchases are required for a free product) and an expiry

The United States educational policy requires that K-12 students participate in annual standardized tests. As a result, school districts that have traditionally utilized ongoing “formative" assessments of student progress, are increasingly relying on additional, costly “interim"

Telemedicine—remote provision of clinical services through the use of digital technologies—has the potential of significantly improving access to healthcare in rural areas across several low- and middle-income countries. However, evidence regarding the impact of this new channel of healthcare

Interest in cryptocurrencies – one may accurately say, fascination with them – and the decentralized ledger structure supporting them known as the blockchain has accelerated at an astonishing pace in the last year, indeed in just the last six months. Furthermore, the new fundraising mechanism, the