Many classical sequential procedures model the partial sum difference process between two competing alternatives as a Brownian motion process. In this paper, the marginal probability of eliminating the best alternative is considered while modeling the partial sum difference process. We adaptively

Network operations often suffer from chronic asset imbalance over time and across locations. This paper addresses the issue in the intermodal industry. The problem is mainly driven by myopic policies, environmental uncertainty, and network interdependence. To address the problem, we develop a

Department of Management Sciences hosted the 10th POMS-HK International Jan 5 to 6, 2019. The conference, themed with “Operations Excellence for a Better World” welcomed over 400 participants from over 14 countries and regions, a record high for this annual event. Prof. Way Kuo, President of City

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