Faculty of Social Sciences
Department of Management
Bar-Ilan University
Leveraging In-Cycle Demand
Information to Maximize Profit in a
Single-Period
Framework
Research
Colloquium
Dina Smirnov, Ph.D. candidate,
Technion
December
2, 2014
Advisor: Prof. Yale T. Herer (Part of this work is joint with Prof. Retsef Levi (MIT) and Dr.
Assaf Avrahami (Technion))
ABSTRACT
14:00-15:00
Two changes have affected supply chains in recent years. The first is
the growing use of single-period inventory models, which is due to the
increase in product variety along with shrinkage of product lifecycles. Current
demand profiles often include short-term highly uncertain demand for fad
Conference Room
products or for a particular model, making single-period inventory models
Building
605 advancements in
more relevant than ever. The second change
is the recent
Information Technology, such as EDIBar-Ilan
systems University
and RFID tags, which provide
decision makers in the supply chain with extensive, accurate, and often realtime, data. In particular, for single-period systems it has become possible to
review the stock level more frequently than once in the sales period, and to
utilize the in-cycle demand information, thus enabling a faster and more
& Ph.D
students
exact reaction to demand Faculty,
fluctuations,
essentially
creating multiple subperiods.
In this talk we will be focusing on two types on single-period systems
with an additional review. The first is a single-location system with an
additional replenishment. The second is a one-warehouse two-retailer
Dr. Tal Avinadav
system with a two-phase delayed distribution. We find the optimal inventory
and timing decisions [email protected]
an analytical approach and an exact and
tractable solution algorithm. Our model is applicable to a wide range of
businesses such as bakeries, retail of seasonal products, perishable or
technology-related goods, and the print industry.
In addition to the theoretical model, we conducted a pilot field study
based on real sales data obtained from a large magazine distributor, and
implemented our proposed model.
BIOGR APHY
Dina Smirnov received her B.Sc. in Industrial Engineering and Management
from Tel Aviv University, and her M.Sc. in Industrial Engineering cum laude
in a joint B.Sc.-M.Sc. program from the same university. She is currently a
Ph.D. candidate in Industrial Engineering at the Technion – Israel Institute of
Technology. Her research interests include supply chain management,
production planning and control, risk pooling and multi-phase distributions.
She is a recipient of a Best Paper Award (2nd place) from the Industrial
Engineering and Management Conference Student Paper Competition, an
award for outstanding achievements from Tel Aviv University and three
awards for excellence in teaching assistance from the Technion.
Research Colloquium
EVENT DETAILS
Research Colloquium
December 2, 2014
DATE:
January 5, 2016
14:00-15:00
TIME:
12:30-14:00
Conference Room
Building 605
LOCATION:
Bar-Ilan
University
Conference
Room
Building 605
Bar-Ilan University
Faculty, & Ph.D students
ATTENDANCE:
Faculty, Staff, &
Ph.D. Students
Dr. Tal Avinadav
[email protected]
CONTACT:
Dr. Tal Avinadav
[email protected]