[{"id":19316,"title":"Data-driven Decisions in Supply Chains: Contracts, Algorithms and Efficiency","permalink":"https:\/\/bschool.nus.edu.sg\/biz-events\/event\/data-driven-decisions-in-supply-chains-contracts-algorithms-and-efficiency\/","category":"Seminars and talks","event_dept":{"value":"analytics-operations","label":"Analytics & Operations"},"event_sec_dept":false,"event_details":{"event_start_date":"24  November  2023","event_end_date":"24  November  2023","event_start_time":"10:00 am","event_end_time":"11:30 am","event_dress_code":"NA"},"event_loc":{"eve_address_selection":"6","eve_location_1":{"eve_org":"NUS Business School","eve_build":"Mochtar Riady Building","eve_room":"3-2","eve_add":"15 Kent Ridge Drive","eve_count":"Singapore","eve_copos":119245,"eve_map_url":"https:\/\/goo.gl\/maps\/Q1kyjwxHNE22"},"eve_location_2":{"eve_org":"Shaw Foundation Alumni House","eve_build":"","eve_room":"Clove and Lemongrass Room Level 2","eve_add":"11 Kent Ridge Drive","eve_count":"Singapore","eve_copos":119244,"eve_map_url":"https:\/\/goo.gl\/maps\/docgThkDWFxKdb9c7"},"eve_location_3":{"eve_org":"Hon Sui Sen Memorial Library Auditorium","eve_build":"","eve_room":"","eve_add":"1 Hon Sui Sen Drive","eve_count":"Singapore","eve_copos":117588,"eve_map_url":"https:\/\/goo.gl\/maps\/NJjWK4RMpC92"},"eve_location_4":{"eve_org":"NUSS Kent Ridge Guild House","eve_build":"","eve_room":"Dalvey Room","eve_add":"9 Kent Ridge Drive","eve_count":"Singapore","eve_copos":119241,"eve_map_url":"https:\/\/goo.gl\/maps\/nXn2Luh96pH2"},"eve_location_5":{"eve_org":"Institute of Data Science","eve_build":"Innovation 4.0","eve_room":"1-3","eve_add":"3 Research Link","eve_count":"Singapore","eve_copos":117602,"eve_map_url":"https:\/\/goo.gl\/maps\/i1xocvvDh27QUXem7"},"eve_location_6":{"eve_org":"Hon Sui Sen Memorial Library Auditorium","eve_build":"","eve_room":"HSS 4-7","eve_add":"1 Hon Sui Sen Drive","eve_count":"Singapore","eve_copos":"117588","eve_map_url":""},"eve_location_7":""},"event_introduction":"","event_short_intro":"","event_topic":null,"event_banner":false,"event_external_url":"","event_registration_details":{"event_registration_form":false,"event_registration_message":"","event_registration_deadline":null,"eve_registration_url":"","event_form":"","event_registration_ack":""},"event_speaker":[{"event_speaker_name":"Ms. Xiaoyue Yan","event_speaker_designation":"","event_speaker_affiliation":"Cornell University","event_speaker_picture":false,"event_speaker_url":"","event_speaker_introduction":"<p>Xiaoyue Yan\u00a0is a PhD candidate in Operations, Technology &amp; Information Management in Johnson Graduate School of Management at\u00a0Cornell University.\u00a0She is broadly interested in the modern transformations within the supply chains, focusing primarily on\u00a0risk management\u00a0and\u00a0data-driven decision-making. Her approach involves stochastic modeling and data-driven methods with validation through real-world industry data. Her current work investigates the impact of data-driven decisions on contract performance and supply chain efficiency.<\/p>\n"}],"event_agenda":false,"event_photo_gallery":false,"event_presentations":false,"event_custom_heading":[{"event_custom_title":"Abstract","event_custom_details":"<table>\n<tbody>\n<tr>\n<td>We study the performance of revenue sharing and wholesale price contracts in supply chains where firms make data-driven inventory\/pricing decisions. In these supply chains, each tier uses historical and contemporaneous data on demand and demand-relevant covariates to directly arrive at their optimal decisions, as opposed to the traditional paradigm where demand estimates are first exogenously specified, followed by a separate optimization stage. We find that when there is a lot of historical data, or there are several covariates that tend to have positive skew and high variance, wholesale-price contracts tend to unexpectedly yield higher supply chain profits than revenue-sharing contracts\u2014a stark contrast with well-known findings in the supply chain literature.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n"}],"event_enquiry_details":{"event_enq_full_name":"","event_enq_department":"","event_enq_email":"","event_enq_telephone":"","event_enq_website":""}}]