Topic：From Data to Decision
Speaker：Ming ZHAO, Assistant Professor, University of Delaware
Time：April 18, 2022 (Monday) 21:20-22:20
Virtual Platform：ZOOM Meeting ID 930-0078-6478
Organizers：SWUFE-UD Institute of Data Science, Office of International Exchange and Cooperation, Research Office
Speaker’s Profile:
Ming Zhao is an assistant professor of operations management in the Department of Business Administration at the University of Delaware’s Alfred Lerner College of Business and Economics. Before joining UD, Dr. Zhao was an assistant professor at the University of Houston. After he received a Ph.D. degree from the Department of Industrial & System Engineering at the University at Buffalo, he joined in IBM’s T.J. Watson research center as a postdoctoral researcher and then a senior operations research specialist in SAS.
Lecture Preview：
Data have become a torrent flowing into every area of the global economy. Many companies are seeking to enhance their ability to transform data into valuable insights and actions. Inspired by JD's supply chain dataset, we discuss an order fulfillment problem in dealing with demand uncertainty. We also study an optimal sourcing problem in supply chain risk management when the available suppliers are subject to ambiguously correlated supply risks. This problem is motivated by the increasing severity of supply risks and difficulty evaluating common sources of vulnerability in upstream supply chains, problems reported by many surveys of goods-producing firms. We propose a distributionally robust model and demonstrate its performance.
