Suresh P. Sethi
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Suresh P. Sethi
Suresh P. Sethi is an American mathematician who is the Eugene McDermott Chair of Operations Management and Director of the Center for Intelligent Supply Networks at the University of Texas at Dallas. He has worked as departmental editor of '' Production and Operations Management'', corresponding editor of ''SIAM Journal on Control and Optimization'', and associate editor of ''Operations Research'', ''Manufacturing & Service Operations Management'', and ''Automatica''. Education Sethi received his PhD in operations research from Carnegie Mellon University and was a post-doctoral fellow at Stanford University under the supervision of George B. Dantzig. He obtained a B.Tech. with honors in Mechanical Engineering from the Indian Institute of Technology Bombay, an M.S. in Industrial Administration from Carnegie Mellon University, and an Master of Business Administration from Washington State University. Published books * * * * * * * * * * Research works Sethi's public ...
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United States
The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territories, nine Minor Outlying Islands, and 326 Indian reservations. The United States is also in free association with three Pacific Island sovereign states: the Federated States of Micronesia, the Marshall Islands, and the Republic of Palau. It is the world's third-largest country by both land and total area. It shares land borders with Canada to its north and with Mexico to its south and has maritime borders with the Bahamas, Cuba, Russia, and other nations. With a population of over 333 million, it is the most populous country in the Americas and the third most populous in the world. The national capital of the United States is Washington, D.C. and its most populous city and principal financial center is New York City. Paleo-Americ ...
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Eugene McDermott
Eugene McDermott (February 12, 1899 in Brooklyn, New York - August 23, 1973 in Dallas, Texas) was an engineer and geophysicist who co-founded Geophysical Service Incorporated (GSI) in 1930 and later its parent company Texas Instruments in 1951. One of his most widely acclaimed patented inventions was for oil exploration equipment, related to the early use of reflection seismographs, still widely used today in oil exploration to map underground rock strata using sound wave technology. Other inventions ranged from geochemical applications to antisubmarine warfare, often focusing on the use of sonar. Early life and career Born in Brooklyn, New York, McDermott graduated from Stevens Institute of Technology in 1919 with a mechanical engineering degree. Upon graduation, he began working for the Goodyear Rubber Company. In 1923, McDermott found work with Western Electric Company where he first met J. Clarence Karcher. Earlier, Everette Lee DeGolyer, vice president and general man ...
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SIAM Journal On Control And Optimization
Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is bordered to the north by Myanmar and Laos, to the east by Laos and Cambodia, to the south by the Gulf of Thailand and Malaysia, and to the west by the Andaman Sea and the extremity of Myanmar. Thailand also shares maritime borders with Vietnam to the southeast, and Indonesia and India to the southwest. Bangkok is the nation's capital and largest city. Tai peoples migrated from southwestern China to mainland Southeast Asia from the 11th century. Indianised kingdoms such as the Mon, Khmer Empire and Malay states ruled the region, competing with Thai states such as the Kingdoms of Ngoenyang, Sukhothai, Lan Na and Ayutthaya, which also rivalled each other. European contact began in 1511 with a Portuguese diplomatic mission to Ayutthaya, whi ...
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Production And Operations Management
''Production and Operations Management'' is a peer-reviewed academic journal covering research on all topics in product and process design, operations, and supply chain management. ''Production and Operations Management'' is published by Wiley-Blackwell on behalf of the Production and Operations Management Society. It is listed as one of the 45 journals used by the ''Financial Times'' to compile its business-school research ranks and ''Bloomberg Businessweeks Top 20 Journals. According to ISI Journal Citation Reports, the journal is ranked 5th out of 37 titles in the engineering and manufacturing category and 17th out of 74 in the operations research and management science category. Journal Research Topics The mission of the Production and Operations Management (POM) journal is to publish high-quality scientific research in the general areas of operations management (OM) and supply chain management (SCM). The POM journal is the flagship research journal of POM society. The jour ...
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Society For Industrial And Applied Mathematics
Society for Industrial and Applied Mathematics (SIAM) is a professional society dedicated to applied mathematics, computational science, and data science through research, publications, and community. SIAM is the world's largest scientific society devoted to applied mathematics, and roughly two-thirds of its membership resides within the United States. Founded in 1951, the organization began holding annual national meetings in 1954, and now hosts conferences, publishes books and scholarly journals, and engages in advocacy in issues of interest to its membership. Members include engineers, scientists, and mathematicians, both those employed in academia and those working in industry. The society supports educational institutions promoting applied mathematics. SIAM is one of the four member organizations of the Joint Policy Board for Mathematics. Membership Membership is open to both individuals and organizations. By the end of its first full year of operation, SIAM had 130 memb ...
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K-convexity In Rn
K-convexity in Rn is a mathematical concept. Formula Let ''\Kappa''= (''K0'',''K1'',...,''Kn'') to be a vector of (n+1) nonnegative constants and define a function \Kappa(.): \Re_+^n → \Re_+^1 as follows: \Kappa(x) = ''K0''\delta(''e''x) + \sum_^n''Ki''\delta(x_i), where ''e'' = (1,1,...,1) ∈ \Re^n, \Re_+^n = \, \delta(0) = 0 and \delta(z)= 1 for all z > 0. The concept of K-convexity generalizes ''K'' -convexity introduced by Scarf (1960) to higher dimensional spaces and is useful in multiproduct inventory problems with fixed setup costs. Scarf used ''K'' -convexity to prove the optimality of the (s, S) policy in the single product case. Several papers are devoted to obtaining optimal policies for multiple product problems with fixed ordering costs. This definition introduced by Gallego and Sethi (2005) is motivated by the joint replenishment problem when we incur a setup cost ''K0'', whenever we order an item or items and an individual setup cost ''Ki'' for each item i ...
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Sethi-Skiba Point
Sethi-Skiba points, also known as DNSS points, arise in optimal control problems that exhibit multiple optimal solutions. A Sethi-Skiba point is an indifference point in an optimal control problem such that starting from such a point, the problem has more than one different optimal solutions. A good discussion of such points can be found in Grass et al. Definition Of particular interest here are discounted infinite horizon optimal control problems that are autonomous. These problems can be formulated as : \max_\int_0^ e^ \varphi\left(x(t), u(t)\right)dt s.t. : \dot(t) = f\left(x(t), u(t)\right), x(0) = x_, where \rho > 0 is the discount rate, x(t) and u(t) are the state and control variables, respectively, at time t, functions \varphi and f are assumed to be continuously differentiable with respect to their arguments and they do not depend explicitly on time t, and \Omega is the set of feasible controls and it also is explicitly independent of time t. Furthermore, it is assu ...
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Sethi Model
The Sethi model was developed by Suresh P. Sethi and describes the process of how sales evolve over time in response to advertising. The model assumes that the rate of change in sales depend on three effects: response to advertising that acts positively on the unsold portion of the market, the loss due to forgetting or possibly due to competitive factors that act negatively on the sold portion of the market, and a random effect that can go either way. Suresh Sethi published his paper "Deterministic and Stochastic Optimization of a Dynamic Advertising Model" in 1983. The Sethi model is a modification as well as a stochastic extension of the Vidale-Wolfe advertising model. The model and its competitive and multi-echelon channel extensions have been used extensively in the literature.Bensoussan, A., Chen, S., Chutani, A., Sethi, S.P., Siu, C.C., and Yam, S.C.P., "Feedback Stackelberg-Nash Equilibria in Mixed Leadership Games with an Application to Cooperative Advertising," ''SIAM Jour ...
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Subodha Kumar
Subodha Kumar is known for his work on web advertising, social media, healthcare, analytics, and disruptive technologies. He is the Paul R. Anderson Distinguished Chair Professor of Statistics, Operations, and Data Science (with a secondary appointment in Information Systems) at the Fox School of Business, Temple University. He founded the Center for Business Analytics and Disruptive Technologies at Temple University and directs the Ph.D. Program in Operations and Supply Chain Management. Kumar is the Deputy Editor for the ''Production and Operations Management'' journal, a journal in the field of operations and supply chain management. He is the Founding Executive Editor of the ''Management and Business Review'' journal. Kumar's research expertise lies in web advertising. He has (co)-authored two books in the areas of web analytics - ''Optimization Issues in Web and Mobile Advertising: Past and Future Trends'' ''Social Media Analytics and Practical Applications: The Change to ...
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George Dantzig
George Bernard Dantzig (; November 8, 1914 – May 13, 2005) was an American mathematical scientist who made contributions to industrial engineering, operations research, computer science, economics, and statistics. Dantzig is known for his development of the simplex algorithm, an algorithm for solving linear programming problems, and for his other work with linear programming. In statistics, Dantzig solved two open problems in statistical theory, which he had mistaken for homework after arriving late to a lecture by Jerzy Neyman.Joe Holley (2005)"Obituaries of George Dantzig" In: ''Washington Post'', May 19, 2005; B06 At his death, Dantzig was the Professor Emeritus of Transportation Sciences and Professor of Operations Research and of Computer Science at Stanford University. Early life Born in Portland, Oregon, George Bernard Dantzig was named after George Bernard Shaw, the Irish writer.Richard W. Cottle, B. Curtis Eaves and Michael A. Saunders (2006)"Memorial Resolution: Ge ...
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Gerald L
Gerald is a male Germanic given name meaning "rule of the spear" from the prefix ''ger-'' ("spear") and suffix ''-wald'' ("rule"). Variants include the English given name Jerrold, the feminine nickname Jeri and the Welsh language Gerallt and Irish language Gearalt. Gerald is less common as a surname. The name is also found in French as Gérald. Geraldine is the feminine equivalent. Given name People with the name Gerald include: Politicians * Gerald Boland, Ireland's longest-serving Minister for Justice * Gerald Ford, 38th President of the United States * Gerald Gardiner, Baron Gardiner, Lord Chancellor from 1964 to 1970 * Gerald Häfner, German MEP * Gerald Klug, Austrian politician * Gerald Lascelles (other), several people * Gerald Nabarro, British Conservative politician * Gerald S. McGowan, US Ambassador to Portugal * Gerald Wellesley, 7th Duke of Wellington, British diplomat, soldier, and architect Sports * Gerald Asamoah, Ghanaian-born German football player * Ge ...
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