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We consider a nonstationary, stochastic, multi-stage supply system with a general assembly structure, in which customers can place orders in advance of their future demand requirements. This advance demand information is now recognized in both theory and practice as an important strategy for...
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Large-scale production of a new vaccine, such as the COVID-19 vaccine, is characterized by evolving demand and production yield uncertainties. Further, following its FDA approval for efficacy and safety, a vaccine may not even be manufacturable due to its low production yield and the resulting...
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Renewable energy generation at the point of consumption (i.e., distributed generation) reducesconsumer's electricity expenditure, and eliminates the cost, complexity, and inefficiency associatedwith power transmission and distribution. In this paper, we address the problem of how aconsumer...
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By transforming how transactions are recorded, verified, and arranged, while eliminating the need for intermediaries, blockchain is generating a shift in focus away from centralized structures (e.g., exchanges, trading platforms, energy companies) towards decentralized systems (e.g., end...
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