Title: Recent Progresses on Process Flexibility
The speaker: Prof. Zhang Jiawei, New York university
Host: Liu Zhixue Professor
Time£ºAM9:00 on Jan. 20
Place: Room 119 in the School of Management
Abstract£ºProcess flexibility has been widely applied in many industries as a competitive strategy to improve responsiveness to demand uncertainty. In their seminal work, Jordan and Graves proposed an important flexibility concept, called the long chain design, and studied its empirical performance. In this talk, we summarize recent theoretical developments in understanding the effectiveness of the long chain design as well as other sparse flexibility structures.