Robots at Alibaba, similar to Amazon:
Sunday, 8:00-9:30am, SA37, Linking Delay Announcements, Abandonment, and Staffing: A Behavioral Perspective, Room 352B
Monday, 8:00-9:30am, MA04, Mind The Gap: Coordinating Energy Efficiency and Demand Response, Room 320A
Tuesday, 4:35-6:05pm, TE04, Utility Ownership of Decentralized Combined Heat and Power, Room 320A
The two energy papers of my dissertation were invited. The call center paper was scheduled for presentation with the other finalists in the in the Service Section Best Student Paper Competition.
MIT to offer economics+computer science degree. Good for all sorts of online marketplaces that match buyers and sellers.
Owners of the Tesla 60kWh version of its Model S and Model X actually have the same battery as the 75kWh vehicles but the battery has been purposely limited or “damaged” to provide only 60KWh of mileage. Is is really less expensive for Tesla to build more expensive batteries for all cars (including the lesser version) than to create and keep two inventories of car batteries? Probably.
My paper “Linking Delay Announcements, Abandonment, and Staffing: A Behavioral Perspective” has been named a finalist for the Service Science Best Student Paper Award. I will present the paper in a special finalist section on Sunday of INFORMS 2017.
The New Product Bet
by Nils Rudi and Serguei Netessine
This book is a multimedia approach to teaching how to choose order quantities for new, high margin products with long leadtimes. The book is supposed to accompany an app that has videos and other multimedia to reinforce the lessons. My review is only about the book part of the package. The writeup and accompanying illustrations of the newsvendor problem, along with suggested efforts to gather demand information and/or shorten leadtimes, were very good. It would be a great introduction to the topic for a new student or product manager. The length (about 140 pages with lots of illustrations, maybe the equivalent of 50 pages of normal text) was also short enough to be easily digested by its target audience.
I am not sure what stage this book is in. Serguei brought a bunch of unfinished versions to one of his presentations at INFORMS 2016 and left them for the audience. There are still some passages/charts unfinished in my version, and I did not have a password to try out the multimedia sections of the book. In googling, the book does not seem to be for sale yet, and the picture above is my own. I hope it gets published soon.
Documented mostly for my future reference.
-Peak Load Energy Management by Direct Load Control Contracts, by Ali Fattahi, Sriram Dasu, Reza Ahmadi
-Is electricity storage green? A study on the commercial sector, by Yangfang Zhou (Helen)
-Promotion Planning of Network Goods, by Saed Alizamir, Ningyuan Chen, Vahideh Manshadi
-Seeking to Belong, by Bradley Staats, Paul Green, Francesca Gino
-Familiarity in Creative Teams: The Effect of Task Nature, by Murat Unal, Karthik Ramachandran, Necati Tereyagoglu
-Designing Sustainable Products under Co-Production Technology, by Yen-Ting Lin, Shouqiang Wang, Haoying Sun
-That’s Not Fair – Tariff Structures for Electricity Markets with Rooftop Solar, by Siddharth Prakash Singh, Alan Scheller-Wolf
-Mind the Gap: Coordinating Energy Efficiency and Demand Response, by Eric Webb, Owen Wu, Kyle Cattani
-Using Transparency to Manage the Sourcing of Complex Non-routine Litigation, by Jacob Chestnut, Damian Bell
-Environmentally Friendly Contract in a Supply Chain: Stimulating Supplier’s Environmental Innovation for a Manufacturer under Emission Tax, by Kun Soo Park
-Multi-agent Mechanism Design without Money, by Santiago Balseiro, Huseyin Gurkan, Peng Sun
-Payment for Results: Funding Non-Profit Operations, by Sripad Devalkar, Milind Sohoni, Neha Sharma
-Designing Incentives for Startup Teams: Form and timing of Equity Contracting, by Evgeny Kagan, Stephen Leider, William Lovejoy
-Integrating Managerial Insight and Optimal Algorithms, by Blair Flicker, Elena Katok
-Modeling Newsvendor Behavior: A Prospect Theory Approach, by Bhavani Shanker Uppari, Sameer Hasija
-Last Place Aversion in Queue, by Ryan Buell, Michael Norton, Jay Chakraborty
-Learning Preferences and User Engagement Using Choice and Time Data, by Tauhid Zaman, Zhengli Wang
-Relative Performance Transparency: Effects on Sustainable Purchase and Consumption Behavior, by Ryan Buell, Shwetha Mariadassou, Yanchong Zheng
Kyle Cattani, one of my co-authors, was left off the original announcement. I have added him below.
Announcement sent out via Tim Kraft and Yannis Bellos:
On behalf of the awards committee, we are pleased to congratulate the finalist for the 2017 POMS College of Sustainable Operations Best Student Paper Competition. The finalist in alphabetical order are:
Karthik Balasubramanian (Harvard Business School)
Inventory Models for Mobile Money Agents in the Developing World
Co-author: David Drake
Eric Webb (Indiana University)
Mind the Gap: Coordinating Energy Efficiency and Demand Response
Coauthor: Owen Wu, Kyle Cattani
Can Zhang (Georgia Tech)
Truth-inducing Mechanisms for Medical Surplus Product Allocation
Coauthors: Atalay Atasu, Turgay Ayer, Beril Toktay
The winning paper will be announced during the College of Sustainable Operations business meeting on Saturday, May 6th at this year’s POMS Annual Conference in Seattle. Thank you to all those who submitted. We had a record number of entries this year with 24 submissions, all of which were of high quality.
Documented mostly for my future reference.
Sunday 8am, track SA36:
-An Empirical Investigation of Network Effects in Automobile Sales by Tianjun Feng, Fuqiuang Zhang, and Peiwen Yu
-The Operational Value of Social Media Information by Dennis Zhang, Antonio Moreno-Garcia, Ruomeng Cui, and Santiago Gallino
-When you work with a super man, will you also fly? An empirical study of the impact of coworkers on performance by Serguei Netessine and Fangyun Tang
-CEO overconfidence and inventory management by Fuqiang Zhang, Tianjun Feng, and Qing Zhang
Sunday Plenary: Cognitive Computing: From Breakthroughs in the lab to applications in the field by Guru Banavar of IBM Research
Sunday 11am, track SB09:
-Biomass Supply contract pricing and environmental policy analysis: an agent-based modeling approach by Shiyang Huang and Guiping Hu
-On the effectiveness of tax incentives to support biomass co-firing by Hadi Karimi and Sandra Eksioglu
-A game-theoretic model of biomass co-firing policies by Sandra Eksioglu and Armin Khademi
-Evaluation of a wind farm project by Metin Cakanyildirim
Sunday 1:30pm, track SC28:
-Dynamic optimization of multichannel advertising campaigns in an online advertising supply chain by Changseung Yoo, Anitesh Barua, and Genaro Gutierrez
-Variability in labor schedules: Effects on store performance and employee turnover by Hyun Seok Lee, Saravanan Kesavan, and Camelia Kuhnen
Sunday 1:30pm, track SC30
-Managerial Attention, Reminders, and the Energy Efficiency Gap by Enno Siemsen and Suvrat Dhanokar
-Does learning from inspections affect environmental performance? Evidence from unconventional oil and gas wells by Suresh Muthulingam and Vidya Mani
Sunday 4:30pm, track SD29:
-Valuing distributed energy resources in electricity system planning: locational benefits and economies of unit scale by Jesse Jenkins
-Combined heat and power production – valuing flexible operation in an uncertain environment by Chritoph Weber
Sunday 4:30pm, track SD28
-Robust Supply function equilibrium in renewable energy markets by Yuanzhang Xiao, Chaithanya Bandi, and Ermin Wei
-An analysis of demand response programs in the wholesale electricity market by Asligul Serasu Duran, Baris Ata, and Ozge Islegen
Monday 8am, track MA35:
-The use of technology to improve engagement through accountability by Gad Allon
-Innovations in teaching operations management at UCLA by Guillaume Roels
-Architecting new business models (in the classroom) by Karan Girotra
-Ideo: Human-centered service design – multimedia-enhanced teaching and learning by Ryan Buell
Monday Plenary: Public health preparedness: Answering (largely unanswerable) questions iwth operations research by Margaret Brandeau
Monday 1:30pm, track MC29:
-Operational response to climate change: Do profitable carbon abatement opportunities decrease over time? by Christian Blanco, Felipe Caro, and Charles Corbett
-Closing a supplier’s energy efficiency gap: The role of assessment assistance and procurement commitment by Quang Dang Nguyen, Karen Donohue, and Mili Mehrotra
-Mind the Gap: Coordinating Energy Efficiency and Demand Response by Eric Webb, Owen Wu, and Kyle Cattani
Tuesday 8am, track TA29:
-Energy efficiency contracting in supply chains under asymmetric bargaining power by Ali Shantia, Sam Aflaki, and Andrea Masini
-An analysis of time-based pricing in electricity supply chains by Asligul Serasu Duran, Baris Ata, and Ozge Islegen
-Investments in renewable and conventional energy: The role of operational flexibility by Kevin Shang, Gurhan Kok, and Safak Yucel
-Explaining the variation in progress in the US nuclear industry by Christian Blanco, Felipe Caro, and Charles Corbett
Tuesday 11am, track TB29:
-Green sourcing – the role of premium sharing and consulting services by Xi Chen
-Inducing prompt disclosure in the presence of evasive effort by Shouqiang Wang, Peng Sun, and Francis De Vericourt
-The adoption of smart home appliance form energy shifting by Wenbin Wang and Yannan Jin
-Incentives for joint product and process improvement under collective extended producer responsibility by Luyi Gui
Tuesday 1:30pm, track TC34:
-Do mandatory overtime laws improve quality? Staffing decisions and operational flexibility of nursing homes by Lauren Lu and Susan Lu
-Predicting Nurse Turnover And Its Impact on Staffing Decisions by Eric Webb and Kurt Bretthauer
-Hospital readmissions reduction program: An economic and operational analysis by Dennis Zhang
Tuesday Keynote: Optimizing the future – supply chain at Amazon by Jason Murray
Tuesday 4:30pm, track TD37:
-The impact of carbon pricing on improving supply chain energy efficiency by Quang Dang Nguyen, Karen Donohue, and Mili Mehrotra
-Quantifying the impact of intermittent renewable generation on German electricity market by Shadi Goodarzi, Derek Bunn, and Syed Basher
-Designing hydro supply chains for water, food, energy, and flood nexus by Kwon Gi Mun, Raza Ali Rafique, and Yao Zhao
-Reversing the death spiral: A new business model for utility firms under social network effects by Safak Yucel, Gurhan Kok, and Kevin Shang
Wednesday Keynote: The goals of analysis are understanding, decisions, and influencing policy by Gerald Brown
Wednesday 11am, track WB31:
-Ethics, Bounded Rationality, and IP sharing in knowledge-based outsourcing by Manu Goyal and Krishnan Anand
-Accurate estimation of retail store traffic from people counters to achieve better conversion by Anup Hanamant
-Mitigating digital discrimination with reviews in the sharing economy: Field evidence from Airbnb by Dennis Zhang, Jun Li, and Ruomeng Cui
-Impact of operational risks in financial organizations by Yuqian Xu, Fangyun Tan, and Sergeuei Netessine
Wednesday 12:45pm, track WC31:
-Rational abandonment from observable priority queues by Philipp Afeche and Vahid Sarhangian
-Design of discretionary service lines: An operational driver of variety by Laurens Debo and Cuihong Li
-Linking Customer Behavior and Delay Announcements: Are Customers Really Rational? by Eric Webb, Qiuping Yu, and Kurt Bretthauer
Wednesday 2:45pm, track WD27:
-The effect of discrete workshifts on non-terminating queues by Robert Batt, Diwas KC, Bradley Staats, and Brian Patterson
-A near-term mortality indicator for terminal cancer patients using high frequency medical data by Donald Lee and Edieal Pinker
-A machine learning approach for personalized health care outcome analysis by Guihua Wang, Jun Li, and Wallace Hopp
-Are patients patient? The effect of universal healthcare on emergency department visits by Diwas KC
Wednesday 4:30pm, track WE32:
-An analysis of world baseball softball confederation premier 12 schedule by Seong Kim and JC Kim
-The role of offensive system in the NBA draft by Ryan Chen, Eli Shayer, Travis Chen, and Nicholas Canova
-Using Past Scores and Regularization to Create a Winning NFL Betting Model by Eric Webb and Wayne Winston
-An optimal pacing strategy for ultramarathons by Kristoper Pruitt and Justin Hill
Great talk by Professor Gerald Brown on the last day of INFORMS. If you ever have a chance to hear him speak, take it. Slides from his talk, which started with some motivating examples of military OR, are available here.
5 steps to qualifying a worthy problem to study/solve:
1. What is the problem?
If you can’t describe the problem, how do you know there is one? How would you ever solve it? The client never gives an unambiguous problem description, so work to get to the heart of the matter. If you can describe the problem, move to step 2.
2. Why is this problem important?
Don’t waste your time on trivialities. If the problem is important, move to step 3.
3. How is this problem now solved?
Few problems are entirely ignored, so be sure to understand how the problem is currently solved to ensure you are providing adequate improvement. If you can do significantly better, move to step 4.
4. How will you solve this problem?
Up until now, “solving the problem” has been agnostic toward the type of analysis. Now, choose an appropriate methodology and ensure the problem is tractable.
5. How will you know when you have succeeded?
Answer this before you start solving. It’s difficult/impossible to succeed if the goal is constantly moving, so hammer out what success looks like for this problem.