IDEAS home Printed from https://ideas.repec.org/a/inm/orinte/v31y2001i2p6-36.html
   My bibliography  Save this article

Prospects for Operations Research in the E-Business Era

Author

Listed:
  • Arthur M. Geoffrion

    (Decisions, Operations, and Technology Management, John E. Anderson Graduate School of Management, University of California, Los Angeles, Box 951481, Los Angeles, California 90095-1481)

  • Ramayya Krishnan

    (Heinz School of Public Policy and Management, Carnegie Mellon University, Pittsburgh, Pennsylvania 15213)

Abstract

The digital economy is creating abundant opportunities for operations research (OR) applications. Several factions of the profession are beginning to respond aggressively, leading to notable successes in such areas as financial services, electronic markets, network infrastructure, packaged OR-software tools, supply-chain management, and travel-related services. Because OR is well matched to the needs of the digital economy in certain ways and because certain enabling conditions are coming to pass, prospects are good for OR to team with related analytic technologies and join information technology as a vital engine of further development for the digital economy. OR professionals should prepare for a future in which most businesses will be e-businesses.

Suggested Citation

  • Arthur M. Geoffrion & Ramayya Krishnan, 2001. "Prospects for Operations Research in the E-Business Era," Interfaces, INFORMS, vol. 31(2), pages 6-36, April.
    • Handle: RePEc:inm:orinte:v:31:y:2001:i:2:p:6-36
    DOI: 10.1287/inte.31.2.6.10628
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/inte.31.2.6.10628
    Download Restriction: no
    File URL: https://libkey.io/10.1287/inte.31.2.6.10628?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Manmohan S. Sodhi, 2001. "Applications and Opportunities for Operations Research in Internet-Enabled Supply Chains and Electronic Marketplaces," Interfaces, INFORMS, vol. 31(2), pages 56-69, April.
    2. Dimitris Bertsimas & Christopher Darnell & Robert Soucy, 1999. "Portfolio Construction Through Mixed-Integer Programming at Grantham, Mayo, Van Otterloo and Company," Interfaces, INFORMS, vol. 29(1), pages 49-66, February.
    3. Lee G. Cooper & Giovanni Giuffrida, 2000. "Turning Datamining into a Management Science Tool: New Algorithms and Empirical Results," Management Science, INFORMS, vol. 46(2), pages 249-264, February.
    4. Eric K. Clemons & Bruce W. Weber, 1997. "Information Technology and Screen-Based Securities Trading: Pricing the Stock and Pricing the Trade," Management Science, INFORMS, vol. 43(12), pages 1693-1708, December.
    5. Robert Fourer & Jean-Pierre Goux, 2001. "Optimization as an Internet Resource," Interfaces, INFORMS, vol. 31(2), pages 130-150, April.
    6. Barry C. Smith & Dirk P. Günther & B. Venkateshwara Rao & Richard M. Ratlife, 2001. "E-Commerce and Operations Research in Airline Planning, Marketing, and Distribution," Interfaces, INFORMS, vol. 31(2), pages 37-55, April.
    7. Don Weigel & Buyang Cao, 1999. "Applying GIS and OR Techniques to Solve Sears Technician-Dispatching and Home Delivery Problems," Interfaces, INFORMS, vol. 29(1), pages 112-130, February.
    8. Pinar Keskinocak & Shidhar Tayur, 2001. "Quantitative Analysis for Internet-Enabled Supply Chains," Interfaces, INFORMS, vol. 31(2), pages 70-89, April.
    9. John M. Mulvey & Gordon Gould & Clive Morgan, 2000. "An Asset and Liability Management System for Towers Perrin-Tillinghast," Interfaces, INFORMS, vol. 30(1), pages 96-114, February.
    10. Marc-David Cohen & Charles B. Kelly & Andrés L. Medaglia, 2001. "Decision Support with Web-Enabled Software," Interfaces, INFORMS, vol. 31(2), pages 109-129, April.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Balaji Padmanabhan & Alexander Tuzhilin, 2003. "On the Use of Optimization for Data Mining: Theoretical Interactions and eCRM Opportunities," Management Science, INFORMS, vol. 49(10), pages 1327-1343, October.
    2. Jyrki Wallenius & James S. Dyer & Peter C. Fishburn & Ralph E. Steuer & Stanley Zionts & Kalyanmoy Deb, 2008. "Multiple Criteria Decision Making, Multiattribute Utility Theory: Recent Accomplishments and What Lies Ahead," Management Science, INFORMS, vol. 54(7), pages 1336-1349, July.
    3. Arthur M. Geoffrion & Ramayya Krishnan, 2003. "E-Business and Management Science: Mutual Impacts (Part 1 of 2)," Management Science, INFORMS, vol. 49(10), pages 1275-1286, October.
    4. ManMohan S. Sodhi & Christopher S. Tang, 2008. "The OR/MS Ecosystem: Strengths, Weaknesses, Opportunities, and Threats," Operations Research, INFORMS, vol. 56(2), pages 267-277, April.
    5. Shivam Gupta & Sachin Modgil & Samadrita Bhattacharyya & Indranil Bose, 2022. "Artificial intelligence for decision support systems in the field of operations research: review and future scope of research," Annals of Operations Research, Springer, vol. 308(1), pages 215-274, January.
    6. John O. Ledyard & Mark Olson & David Porter & Joseph A. Swanson & David P. Torma, 2002. "The First Use of a Combined-Value Auction for Transportation Services," Interfaces, INFORMS, vol. 32(5), pages 4-12, October.
    7. Makowski, Marek, 2005. "A structured modeling technology," European Journal of Operational Research, Elsevier, vol. 166(3), pages 615-648, November.
    8. Paul R. Kleindorfer & D. J. Wu, 2003. "Integrating Long- and Short-Term Contracting via Business-to-Business Exchanges for Capital-Intensive Industries," Management Science, INFORMS, vol. 49(11), pages 1597-1615, November.
    9. B. P. S. Murthi & Sumit Sarkar, 2003. "The Role of the Management Sciences in Research on Personalization," Management Science, INFORMS, vol. 49(10), pages 1344-1362, October.
    10. Teich, Jeffrey E. & Wallenius, Hannele & Wallenius, Jyrki & Koppius, Otto R., 2004. "Emerging multiple issue e-auctions," European Journal of Operational Research, Elsevier, vol. 159(1), pages 1-16, November.
    11. Nurhan Davutyan & Mert C. Demir, 2004. "Transporting Turkish Exam Takers: A New Use for an Old Model," Working Papers 0401, Economic Research Forum, revised Jan 2004.
    12. Butler, John C. & Dyer, James S. & Jia, Jianmin & Tomak, Kerem, 2008. "Enabling e-transactions with multi-attribute preference models," European Journal of Operational Research, Elsevier, vol. 186(2), pages 748-765, April.
    13. Scott, Carlton H. & Scott, J.E.Judy E., 2004. "On models for the operation of a class of electronic marketplaces," Omega, Elsevier, vol. 32(5), pages 373-383, October.
    14. Edieal J. Pinker & Abraham Seidmann & Yaniv Vakrat, 2003. "Managing Online Auctions: Current Business and Research Issues," Management Science, INFORMS, vol. 49(11), pages 1457-1484, November.
    15. Baris Yildiz & Martin Savelsbergh, 2019. "Provably High-Quality Solutions for the Meal Delivery Routing Problem," Transportation Science, INFORMS, vol. 53(5), pages 1372-1388, September.
    16. Melanie Fritz & Maurizio Canavari, 2008. "Management of perceived e-business risks in food-supply networks: e-trust as prerequisite for supply-chain system innovation," Agribusiness, John Wiley & Sons, Ltd., vol. 24(3), pages 355-368.
    17. Kim, Soo Wook & Park, Sangwook, 2008. "Development of a three-echelon SC model to optimize coordination costs," European Journal of Operational Research, Elsevier, vol. 184(3), pages 1044-1061, February.
    18. Patrick Hew, 2007. "ASP, The Art and Science of Practice: Direct Advisors vs. Tool Developers---Implications for Practice," Interfaces, INFORMS, vol. 37(3), pages 279-284, June.
    19. Alfaro, José A. & Montes, María J., 2002. "Lagging behind versus advancing too fast? identifying gaps research in supply chain," DEE - Working Papers. Business Economics. WB wb021409, Universidad Carlos III de Madrid. Departamento de Economía de la Empresa.
    20. Arthur M. Geoffrion & Ramayya Krishnan, 2003. "E-Business and Management Science: Mutual Impacts (Part 2 of 2)," Management Science, INFORMS, vol. 49(11), pages 1445-1456, November.
    21. Doukidis, Georgios I. & Pramatari, Katerina & Lekakos, Georgios, 2008. "OR and the management of electronic services," European Journal of Operational Research, Elsevier, vol. 187(3), pages 1296-1309, June.
    22. Jayashankar M. Swaminathan & Sridhar R. Tayur, 2003. "Models for Supply Chains in E-Business," Management Science, INFORMS, vol. 49(10), pages 1387-1406, October.
    23. E. Andrew Boyd & Ioana C. Bilegan, 2003. "Revenue Management and E-Commerce," Management Science, INFORMS, vol. 49(10), pages 1363-1386, October.
    24. Hemant K. Bhargava & Daewon Sun & Susan H. Xu, 2006. "Stockout Compensation: Joint Inventory and Price Optimization in Electronic Retailing," INFORMS Journal on Computing, INFORMS, vol. 18(2), pages 255-266, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arthur M. Geoffrion & Ramayya Krishnan, 2003. "E-Business and Management Science: Mutual Impacts (Part 2 of 2)," Management Science, INFORMS, vol. 49(11), pages 1445-1456, November.
    2. Arthur M. Geoffrion & Ramayya Krishnan, 2003. "E-Business and Management Science: Mutual Impacts (Part 1 of 2)," Management Science, INFORMS, vol. 49(10), pages 1275-1286, October.
    3. Makowski, Marek, 2005. "A structured modeling technology," European Journal of Operational Research, Elsevier, vol. 166(3), pages 615-648, November.
    4. Peter C. Bell & Chris K. Anderson, 2002. "In Search of Strategic Operations Research/Management Science," Interfaces, INFORMS, vol. 32(2), pages 28-40, April.
    5. Agatz, Niels A.H. & Fleischmann, Moritz & van Nunen, Jo A.E.E., 2008. "E-fulfillment and multi-channel distribution - A review," European Journal of Operational Research, Elsevier, vol. 187(2), pages 339-356, June.
    6. Peter C. Bell & Chris K. Anderson & Stephen P. Kaiser, 2003. "Strategic Operations Research and the Edelman Prize Finalist Applications 1989--1998," Operations Research, INFORMS, vol. 51(1), pages 17-31, February.
    7. Young M. Lee & E. Jack Chen, 2002. "BASF Uses a Framework for Developing Web-Based Production-Planning-Optimization Tools," Interfaces, INFORMS, vol. 32(6), pages 15-24, December.
    8. Choi, Tsan-Ming & Li, Duan & Yan, Houmin, 2004. "Optimal returns policy for supply chain with e-marketplace," International Journal of Production Economics, Elsevier, vol. 88(2), pages 205-227, March.
    9. Jayashankar M. Swaminathan & Sridhar R. Tayur, 2003. "Models for Supply Chains in E-Business," Management Science, INFORMS, vol. 49(10), pages 1387-1406, October.
    10. Wanpracha Art Chaovalitwongse, 2008. "Novel quadratic programming approach for time series clustering with biomedical application," Journal of Combinatorial Optimization, Springer, vol. 15(3), pages 225-241, April.
    11. Nicolas Rincon-Garcia & Ben J. Waterson & Tom J. Cherrett, 2018. "Requirements from vehicle routing software: perspectives from literature, developers and the freight industry," Transport Reviews, Taylor & Francis Journals, vol. 38(1), pages 117-138, January.
    12. Jang Ho Kim & Yongjae Lee & Woo Chang Kim & Frank J. Fabozzi, 2022. "Goal-based investing based on multi-stage robust portfolio optimization," Annals of Operations Research, Springer, vol. 313(2), pages 1141-1158, June.
    13. De Boeck, Kim & Decouttere, Catherine & Jónasson, Jónas Oddur & Vandaele, Nico, 2022. "Vaccine supply chains in resource-limited settings: Mitigating the impact of rainy season disruptions," European Journal of Operational Research, Elsevier, vol. 301(1), pages 300-317.
    14. Richard Engelbrecht-Wiggans & Elena Katok, 2007. "Regret in auctions: theory and evidence," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 33(1), pages 81-101, October.
    15. Eric Clemons & Lorin Hitt & Bin Gu & Matt Thatcher & Bruce Weber, 2002. "Impacts of e-Commerce and Enhanced Information Endowments on Financial Services: A Quantitative Analysis of Transparency, Differential Pricing, and Disintermediation," Journal of Financial Services Research, Springer;Western Finance Association, vol. 22(1), pages 73-90, August.
    16. Ken Kobayashi & Yuichi Takano & Kazuhide Nakata, 2021. "Bilevel cutting-plane algorithm for cardinality-constrained mean-CVaR portfolio optimization," Journal of Global Optimization, Springer, vol. 81(2), pages 493-528, October.
    17. Scott, Carlton H. & Scott, J.E.Judy E., 2004. "On models for the operation of a class of electronic marketplaces," Omega, Elsevier, vol. 32(5), pages 373-383, October.
    18. Xiao Fang & Olivia R. Liu Sheng & Paulo Goes, 2013. "When Is the Right Time to Refresh Knowledge Discovered from Data?," Operations Research, INFORMS, vol. 61(1), pages 32-44, February.
    19. Mark Nissen, 2000. "Agent‐based supply chain disintermediation versus re‐intermediation: economic and technological perspectives," Intelligent Systems in Accounting, Finance and Management, John Wiley & Sons, Ltd., vol. 9(4), pages 237-256, December.
    20. Streutker, Matthijs & van der Vlerk, Maarten & Klein Haneveld, Wim, 2007. "Implementation of new regulatory rules in a multistage ALM model for Dutch pension funds," Research Report 07005, University of Groningen, Research Institute SOM (Systems, Organisations and Management).

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:orinte:v:31:y:2001:i:2:p:6-36. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.