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...

This paper studies operations sequencing for a multi-stage production inventory system with lead times under predictable (deterministic) yield losses and random demand. We consider various cases with either full or partial release of work-in-process (WIP) inventories, for either pre- or...

Boeing 787, the Dreamliner, was the fastest-selling plane ever in the commercial aviation industry. However, its development was a nightmare – the first flight was delayed by 26 months, and the first delivery was delayed by 40 months with a cost overrun of at least $11 billion. By a...