The inventory control theory in the operations research and management literature is primarily concerned about manufactured products, for which, the typical assumptions are ample external supplies and predictable prices, and the decision is on how much to order or produce. Agricultural products,...

We consider a multi-product newsvendor under the law-invariant coherent risk measures. We first establish a few fundamental properties of the model regarding the convexity of the problem, the symmetry of the solution and the impact of risk aversion. Specifically, we show that for identical...

As a result of slow patient recruitment and high patient costs in the United States, clinical trials are increasingly going global. While recruitment efforts benefit from a larger global footprint, the supply chain has to work harder at getting the right drug supply, to the right place, at the...