Management Science Applications Research Articles

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 48(1), January–February 2018: Portfolio Construction Measurement and Efficiency, John Guerard, Jr., ed.; and Contract Analysis and Design for Supply Chains with Stochastic Demand, Zhao Yingxue, Xiaoge Meng, Shouyang Wang, and T.C. Edwin Cheng.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 47(6), November–December: The End of Theory: Financial Crises, the Failure of Economics, and the Sweep of Human Interaction, Richard Bookstaber; Working on the Dark Side of the Moon: Life Inside the National Security Agency, Thomas Reed Willemain.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 47(5), September–October: The Social Footprints of Global Trade, Ali Alsamawi, Darian McBain, Joy Murray, Manfred Lenzen, and Kirsten S. Wiebe; Efficiency in Sustainable Supply Chain, Paulina Golinska-Dawson and Adam Kolinski, eds.; Unconventional Conflict: A Modeling Perspective, Dean S. Hartley, III.

Parameterized algorithms for Edge Biclique and related problems

Maximum Edge Biclique and related problems have wide applications in management science, bioinformatics, etc. In this paper, we study parameterized algorithms for Parameterized Edge Biclique problem, Parameterized Edge Biclique Packing problem, Parameterized Biclique Edge Deletion problem, and Parameterized Bipartite Biclique Clustering problem. For the Parameterized Edge Biclique problem, the current best result is of running time O⁎(2k), and we give a parameterized algorithm of running time O(nk2.5k⌈k⌉), where k is the parameter and n is the number of vertices in the given graph. For the Parameterized Edge Biclique Packing problem, based on randomized divide-and-conquer technique, a parameterized algorithm of running time O⁎(k⌈k⌉logk4(2k−1)t)) is given, where k is the parameter and t is the number of bicliques in the solution. We study the Parameterized Biclique Edge Deletion problem on bipartite graphs and general graphs, and give parameterized algorithms of running time O⁎(2k) and O⁎(3k), respectively. For the Parameterized Bipartite Biclique Clustering problem, based on modular decomposition method, a kernel of size O(k2) and a parameterized algorithm of running time O(2.42k(n+m)) are presented, where k is the parameter, n is the number of vertices, and m is the number of edges in the given graph.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 47(4), July–August: Cross-Functional Inventory Research, Srinagesh Gavirneni, ed.; The Undoing Project: A Friendship That Changed Our Minds, Michael Lewis.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. This issue of Interfaces, 47(3), May–June 2017, includes two book reviews. The first, Themed Book Review: Big Data and Social Media Analytics, comprises three books: Big Data at Work: Dispelling the Myths, Uncovering the Opportunities, Thomas H. Davenport; Human-Centered Social Media Analytics, Yun Fu, ed.; and Big Data Is Not a Monolith, Cassidy R. Sugimoto, Hamid R. Ekbia, and Michael Mattioli, eds. The second reviews Sustainability for a Warming Planet, Humberto Llavador, John E. Roemer, and Joaquim Silvestre.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 47(2), March–April 2017: Forest Value Chain Optimization and Sustainability, Sophie D’Amours, Mustapha Ouhimmou, Jean-François Audy, and Yan Feng, eds.; Rise of the Robots: Technology and the Threat of a Jobless Future, Martin Ford.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 47(1), January–February 2017: Decision Science for Housing and Community Development: Localized and Evidence-Based Responses to Distressed Housing and Blighted Communities, Michael P. Johnson, Jeffrey M. Keisler, Senay Solak, David A. Turcotte, Armagan Bayram, and Rachel Bogardus Drew; Linear and Mixed Integer Programming for Portfolio Optimization, Renata Mansini, Wlodzimierz Ogryczak, and M. Grazia Speranza.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 46(6), November–December 2016: Only Humans Need Apply, Thomas H. Davenport and Julia Kirby; Success and Luck: Good Fortune and the Myth of Meritocracy, Robert H. Frank; and Multiobjective Linear Programming, An Introduction, Dinh The Luc.

A distributed simulation methodological framework for OR/MS applications

Distributed Simulation (DS) allows existing models to be composed together to form simulations of large-scale systems, or large models to be divided into models that execute on separate computers. Among its claimed benefits are model reuse, speedup, data privacy and data consistency. DS is arguably widely used in the defence sector. However, it is rarely used in Operations Research and Management Science (OR/MS) applications in areas such as manufacturing and healthcare, despite its potential advantages. The main barriers to use DS in OR/MS are the technical complexity in implementation and a gap between the world views of DS and OR/MS communities. In this paper, we propose a new method that attempts to link together the methodological practices of OR/MS and DS. Using a representative case study, we show that our methodological framework simplifies significantly DS implementation.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 46(5), September–October 2016: An Economist in the Real World: The Art of Policymaking in India, Kaushik Basu; and Supply Chain Configuration: Concepts, Solutions, and Applications, Charu Chandra and Janis Grabis.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 46(4), July–August 2016: Phishing for Phools: The Economics of Manipulation and Deception, George A. Akerlof and Robert J. Shiller; and Applied Probability: Models and Intuition, Arnold I. Barnett.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 46(3), May–June 2016: Inequality: What Can Be Done?, Anthony B. Atkinson; and R for Marketing Research and Analytics, Chris Chapman and Elea McDonnell Feit.

Role of Optimization Techniques in Engineering

By virtue of Optimization one can minimize or maximize a particular function in a finite dimensional Euclidean space over a subset of that space, which is generally determined by functional inequalities. It is the result of continuous research that Optimization has been evolve into an established field and had expanded in many branches like linear conic optimization, convex optimization, global optimization, discrete optimization, etc. Each of such branches has a sound theoretical foundation and is featured by an extensive collection of sophisticated algorithms and software. Optimization, as a powerful modeling and problem solving methodology, has a broad range of applications in management science, industry and engineering. The main concern of optimized design is the finding of optimum parameters according to a given optimality standard. To cope up with the current development in engineering and other fields we must have to update over optimization techniques which can be use for the non-differentiable, not continuous objective functions. Every optimization techniques have its own merits and demerits and may be good for any particular purpose and may be worst for some other purpose. Like application of global optimization algorithm is sometimes a very time consuming task. The best local optimization methods for this purpose are the gradient methods. So in this work an intelligent way of using these optimization techniques is being presented which illustrate the fact that which techniques or a combination of techniques may be efficiently used for a given purpose. For that we have demonstrated the use of global optimization in two different tasks one is optimization of step size of LMS algorithm using Ant Colony Optimization (ACO) & Particle swarm optimization (PSO) and the other is designing of an Analog Sallen Key Band Pass filter using ACO. Simulation of each case using MATLAB is done to prove the validity of optimized result and optimized designing.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 46(2), March–April 2016: Causes of Supply Chain Disruptions: An Empirical Analysis in Cold Chains for Food and Pharmaceuticals, Verena Brenner; Multichannel Commerce: A Consumer Perspective on the Integration of Physical and Electronic Channels, Manuel Trenz.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 46(1), January–February 2016: Operations Planning: Mixed Integer Optimization Models, Joseph Geunes; Extension of Data Envelopment Analysis with Preference Information: Value Efficiency, Tarja Joro and Pekka J. Korhonen; and Rational Action: The Sciences of Policy in Britain and America, 1940–1960, William Thomas.

Recent advances on Markovian models for inventory research

Markovian models have a wide range of applications in management science. One of the major applications is in modelling inventory systems. This paper presents a review of the recent advances on Markovian models for inventory research since the early 2000s. Markovian models for some important factors in inventory management, such as demand and supply processes, are discussed in the paper. Finally, directions for future research are provided.

Recent advances on Markovian models for inventory research

Markovian models have a wide range of applications in management science. One of the major applications is in modelling inventory systems. This paper presents a review of the recent advances on Markovian models for inventory research since the early 2000s. Markovian models for some important factors in inventory management, such as demand and supply processes, are discussed in the paper. Finally, directions for future research are provided.

An improved OWL-QN method for solving sparse logistic regression problems

Sparse logistic regression, is a class of important problems in machine learning, which has wide applications in cybernetics, management sciences and internet, etc. This paper proposes an Improved Orthant-Wise Limited-memory Quasi-Newton (IOWL-QN) method for sparse logistic regression problems. The proposed method adopts the well-known BB stepsize strategy to approximate the Hessian of the goal objective function, and constructs the quasi-Newton vectors based on the gradient of the goal objective function. Under mild conditions, global convergence of the proposed method is established. Numerical results are reported to illustrate that the proposed method is feasible and efficient.

Book Reviews

In Book Reviews, we review an extensive and diverse range of books. They cover theory and applications in operations research, statistics, management science, econometrics, mathematics, computers, and information systems. In addition, we include books in other fields that emphasize technical applications. The editor will be pleased to receive an email from those willing to review a book, with an indication of specific areas of interest. If you are aware of a specific book that you would like to review, or that you think should be reviewed, please contact the editor. The following books are reviewed in this issue of Interfaces, 45(6), November–December 2015: Stochastic Optimization Methods: Applications in Engineering and Operations Research, Kurt Mardi; The Climate Casino: Risk, Uncertainty, and Economics for a Warming World, William D. Nordhaus.