Logistics and Supply Chain Management

Hong Kong is one of the world’s logistics and supply chain management hubs, which expands to include non-industrial operations involving supply, distribution, transportation, communication and information handling, medical care and safety. According to The Association for Operations Management (APICS), nowadays supply chain management covers the design, planning, execution, control, and monitoring of supply chain activities with the objective of creating net value, building a competitive infrastructure, leveraging worldwide logistics, synchronizing supply with demand and measuring performance globally.

To increase the agility and flexibility of today’s complex business environment, systems engineers can process huge amounts of business data for decision-making, optimization, and effective execution along the supply chain networks. They possess professional knowledge in the design and control of these operational and information-rich systems, which require the use of many different kinds of scientific management methodologies.

Capacity Planning in Project Management

Z. Y. Long This work studies a financially significant planning problem that arises in project management. Companies that face uncertainties in project execution may need to reserve capacity with outsourced providers. Given that decision, they further...

Impact of Penalty Cost on Booking Decisions

Z. Y. Long The customer needs to make the booking decision based on her estimation on demand, which is affected by the value of shortage penalty cost. The problem is motivated by lowcost airline service practices where passengers need to book baggage...

Preservation of Supermodularityand Its Application on Supply Chain

Z.Y. Long We conduct a systematic study of the preservation of supermodularity under parametric optimization, allowing us to derive complementarity among parameters and monotonic structural properties for optimal policies in many operational models....

The Impact of a Target on Newsvendor Decisions

Z.Y. Long We investigate the impact of a target on newsvendor decisions. Different to the existing approach that maximizes the probability of the profit reaching the target, we model the effect of a target by maximizing the satisficing measure...