Prelims

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Applications of Management Science

Series Title Page

Applications of Management Science

Series Editors: Kenneth D. Lawrence and Dinesh R. Pai

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Editorial Advisory Board

Title Page

Applications of Management Science Volume 21

Applications of Management Science

Edited by

Kenneth D. Lawrence

School of Management, New Jersey Institute of Technology, USA

And

Dinesh R. Pai

Pennsylvania State University at Harrisburg, USA

United Kingdom – North America – Japan – India – Malaysia – China

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First edition 2022

Copyright © 2022 by Emerald Publishing Limited

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British Library Cataloguing in Publication Data

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ISBN: 978-1-80071-552-3 (Print)

ISBN: 978-1-80071-551-6 (Online)

ISBN: 978-1-80071-553-0 (Epub)

ISSN: 0276-8976 (Series)

About the Contributors

Naila Aliyeva, PhD, is an Assistant Professor of the Department of Economics of Russian School of Economics at Azerbaijan State University of Economics (UNEC), Baku, Azerbaijan. Her expertise is in economic theory, microeconomics, and macroeconomics.

Liudmila Babaskina, PhD in Pharmaceutical Sciences, is a Professor in the Department of Pharmacy at the First Moscow State Medical University. Her scientific interests are marketing and commodity science in health care.

Shubha Bennur obtained her PhD in Apparel Merchandising from The Oklahoma State University, Stillwater, OK. Her research focuses on Consumer Behavior and International Retailing which has appeared in several outlets, including the Clothing and Textiles Research Journal, Journal of the Textile Institute, Journal of Fashion Marketing and Management. She has coauthored a book titled Retailing in Emerging Markets, 2nd Edition. Bloomsbury Publishing. NY.

Michael Bruening is currently a Partner and Cofounder at Branded Aware. Mike has previously guided leading consumer goods companies including Nielsen, IBM in their Consumer Products Division, IRI in their Price and Promotion/Automated Analytics area, and Nabisco's Biscuit division (now part of Mondelez) in developing pricing and trade decisions. Mike has a Marketing degree from Western New England University and an MBA in Finance from Seton Hall University.

Sergei Chernov holds PhD in Economics. He is honored Economist of the Russian Federation, Associate Professor of the Department of World Economy and International Economic Relations at the State University of Management, Professor of the Russian Academy of Natural History. He is also author of more than 100 scientific and educational publications. Dr. Chernov is winner of competition Scientist of the Year 2021 (IARC) in the nomination Social Sciences / Economics and Business / Economic Security. The information is posted on the website of the International Achievements Research Center (IARC), Montreal, Canada.

Surendra M. Gupta, PhD, is a Professor of Mechanical and Industrial Engineering at Northeastern University in Boston. Dr. Gupta is mostly interested in Environmentally Conscious Manufacturing, Reverse and Closed-Loop Supply Chains, Disassembly Modeling, and Remanufacturing. He has authored/coauthored 12 books and over 600 technical papers published in edited books, journals, and international conference proceedings.

Ms. Yaqin Hu was born in Wuhan, China, in 1995. She received a BS in Information Management and Information System from Zhongnan University of Economics and Law in 2017. She is currently pursuing a PhD in Management Science and Engineering with the University of Science and Technology of China, Hefei, China. Her research interests include bundling strategy, platform design, and supply chain management.

Zhimin Huang is Professor of Operations Management in the School of Business at Adelphi University. He received his BS in Industrial Engineering from The Beijing University of Aeronautics and Astronautics, MS in Economics from The Renmin University of China, and PhD in Management Science from The University of Texas at Austin. His research interests are mainly in supply chain management, data envelopment analysis, distribution channels, game theory, chance constrained programming theory, and multicriteria decision-making analysis.

Nand K. Jha has had a long, extended, and distinguished career in Mechanical Engineering Education. Over the last 40 years, he has been involved in teaching and cutting-edge research in design, manufacturing, automation, robotics, and optimization. His research in green design and sustainable manufacturing has been groundbreaking, and three textbooks have been published on the topic. He has published over 100 articles on optimal design, optimum manufacturing, robotics and control, including green design and green manufacturing. He has been invited to lecture by different organizations and also spoke at workshops at international conferences.

Ronald Klimberg, PhD, is a Professor in the Decision and System Sciences department of the Haub School of Business at Saint Joseph's University. He received his BS in Information Systems from the University of Maryland, his MS in Operations Research from George Washington University, and his PhD in Systems Analysis and Economics for Public Decision-Making from Johns Hopkins University.

Dr. Kenneth D. Lawrence is a Professor of Management Science and Business Analytics at the New Jersey Institute of Technology, Tuchman School of Business. His research areas include productivity analysis and data analysis.

Dr. Sheila M. Lawrence is an Assistant Professor in the School of Management and Labor Relations at Rutgers University. She has 113 technical publications in statistics, supply chain, management science, and forecasting.

D. K. Malhotra is a Professor of Finance at Thomas Jefferson University, Philadelphia, Pennsylvania, USA. Dr. Malhotra has published more than 140 research articles in various journals on such varied topics as mutual funds, swaps, application of data envelopment models in financial decision-making, and use of machine learning techniques in financial decision-making. Dr. Malhotra's research has been cited by the New York Times, Washington Post, and The Wall Street Journal, among others.

Rashmi Malhotra is a Professor of Decisions and Systems Sciences at Saint Joseph's University. She has published over 60 research articles in various journals. She is also the Editor-in-Chief of the International Journal of Business Intelligence and Systems Engineering (IJBISE). She serves on the editorial boards of many academic, peer-reviewed journals.

Michael Marzano is currently a Partner and Cofounder at Branded Aware. Mike has previously helped leading consumer goods companies including Kraft Foods, Sysco, and Mondelez International use data to drive collaboration within and across sales, marketing, and supply-chain teams. Mike holds a Bachelor of Science degree in Mathematics and Computer Science from Binghamton University (NY) and a Master of Science degree in Industrial Engineering from NYU-Polytechnic University (NY).

Dr. Gao Niu is an Assistant Professor in Actuarial Science at Bryant University. He also serves as the Coordinator of Actuarial Math Program at Bryant University and Faculty Consultant at the Janet & Mark L Goldenson Center for Actuarial Research at the University of Connecticut. He has a doctorate's degree in actuarial science from the University of Connecticut, a Master's Degree in Mathematics (statistics concentration) from Western Illinois University and a Bachelor's Degree in Mathematics from Iowa Wesleyan University. He is an Associate of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. Dr. Niu has years of experience in academic actuarial research and consulting practice. His research area includes but is not limited to the following: big data analytics application in insurance industry, property and casualty insurance practice, predictive modeling, agent-based modeling, financial planning, life insurance and health insurance pricing, reserving, machine learning, and data mining.

Robert L. Nydick is currently Professor of Management and Operations and teaches Data Mining and Decision Support courses in the undergraduate and graduate programs at Villanova University. Most recently his research interests have focused on the application of the analytic hierarchy process in medical decision-making settings.

He has also participated in grants funded by the National Institutes of Health, the Department of Defense, and Aetna US Healthcare. His publications have appeared in Naval Research Logistics; Nursing Research; European Journal of Operational Research; Interfaces; and Computers and Operations Research; among others.

Alan Olinsky is a Professor Emeritus of Mathematics and Information Systems Analytics at Bryant University. He earned his PhD in Management Science from the University of Rhode Island, and his research interests include multivariate statistics, management science, business analytics, and data mining. He is past president of the Rhode Island Chapter of the American Statistical Association and has appeared several times as an expert witness in statistical matters at hearings and trials.

Dr. Dinesh R. Pai is an Associate Professor of Supply Chain Management in the School of Business Administration, Penn State Harrisburg. His research interests are in the areas of supply chain management, business analytics, and performance evaluation.

Aditya Pandit received his PhD in Industrial Engineering from Northeastern University in Boston in 2021. His research interests are in the areas of closed-loop and reverse supply chains and remanufacturing. He is an author of several research papers that address the issue of fraud in remanufactured products and its effect on public perception and financial impact.

Dr. John Quinn is a Professor of Mathematics at Bryant University and has been teaching there since 1991. Prior to teaching, Professor Quinn was a mechanical engineer at the Naval Underwater Systems Center (now the Naval Undersea Warfare Center) in Newport, R.I. He received his ScB degree from Brown University, and his MS and PhD degrees from Harvard University. Professor Quinn has had articles published in multiple areas. He has done work in mathematical programming methods and computable general equilibrium models. He currently does research in data mining applications, predictive analytics, probability, and pensions.

Bartosz Sawik is a Professor at the Department of Business Informatics and Engineering Management, AGH University of Science and Technology, Krakow, Poland, and at the Department of Statistics, Computer Science and Mathematics, Public University of Navarre, Pamplona, Spain. He is a Visiting Researcher at the University of California, Berkeley, USA. He defends his PhD with honors in Operations Research at Faculty of Electrical Engineering, Automatics, Computer Science and Electronics, AGH University. He has also finished an Executive Course on Strategic Leadership in University Management at the University of Helsinki, Finland, an Executive Course on Master of Didactics in Excellent Teaching at Aarhus University, Denmark, and an Executive Course on Innovation and New Technology in Science at HAAS School of Business, University of California at Berkeley, USA. He has been an Invited Researcher at the University of California, Berkeley, USA., Universidad Publica de Navarra, Pamplona, Spain, UniversitatPolitecnica de Valencia, Alcoi, Spain, and Internet Interdisciplinary Institute (IN3) – Open University of Catalonia (UOC), Castelldefels, Barcelona, Spain.

Dr. Feng Yang is a Full Professor of Management at the School of Management, University of Science and Technology of China. He holds a Bachelor's Degree in Economics and a Doctorate in Management. His research interest includes supply chain management, data envelopment analysis, business data analysis, information system and decision science. He has published more than 120 articles in many international academic journals such as EJOR, DSS, IJPR, and others.

Mariya Zakharova is a Senior Lecturer of the Department of Economy at Russian Technological University. Her scientific interests are business, microeconomics, and macroeconomics.

Ms. Xingping Zhang is a Postgraduate Student at the School of Management, University of Science and Technology of China. She received a Bachelor's Degree in Management from the School of Management, Anhui University. Her research interest includes bundling strategy, two-sided platform, and supply chain management.