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The Elements of Joint Learning and Optimization in Operations Management, Paperback / softback Book

The Elements of Joint Learning and Optimization in Operations Management Paperback / softback

Edited by Xi Chen, Stefanus Jasin, Cong Shi

Part of the Springer Series in Supply Chain Management series

Paperback / softback

Description

This book examines recent developments in Operations Management, and focuses on four major application areas: dynamic pricing, assortment optimization, supply chain and inventory management, and healthcare operations.

Data-driven optimization in which real-time input of data is being used to simultaneously learn the (true) underlying model of a system and optimize its performance, is becoming increasingly important in the last few years, especially with the rise of Big Data.

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