How does supply uncertainty affect the structure of supply chain networks? To answer this question we consider a setting where retailers and suppliers must establish a costly relationship with each other prior to engaging in trade. Suppliers, with uncertain yield, announce wholesale prices, while retailers must decide …
Implementing a set of microeconomic criteria, we develop price dynamics equations using a function of demand/supply with key symmetry properties. The function of demand/supply can be linear or nonlinear. The type of function determines the nature of the tail of the distribution based on the randomness in the supply and…
GNNs improve supply chain analytics with real-world benchmarks.
problem Limited research on applying GNNs to supply chain management.
method Conceptual discussions, detailed formulations, examples, mathematical definitions, and task guidelines.
result GNN-based models outperform other methods by 10-40% in various supply chain tasks.
Supply chains are the backbone of the global economy. Disruptions to them can be costly. Centrally managed supply chains invest in ensuring their resilience. Decentralized supply chains, however, must rely upon the self-interest of their individual components to maintain the resilience of the entire chain. We examine t…
New framework forecasts both supply and demand in rental markets.
problem Booking models ignore supply, leading to regime-specific ceilings.
method Three-part coupling framework (behavioral, informational, intervention).
result Booking models learn a regime-specific ceiling and become fragile.
Deep-Gap predicts crowdsourcing supply-demand gaps using deep learning.
problem Balancing supply and demand in mobile crowdsourcing.
method Residual learning-based deep neural networks trained on time series data and external factors.
result Deep-Gap achieves lowest forecasting errors compared to state-of-the-art methods.
This paper applies reactor theory to supply chain management.
problem Maintaining optimal item delivery and collection ratios in supply chains.
method Translating neutron transport and diffusion theory to supply chain management, introducing analogy factors and interactors.
result A deterministic model for supply chain optimization.
This paper develops a stochastic learning-optimization model for resilient automotive supply chains.
problem Supply chain disruptions and volatile demand pose challenges to the UK automotive industry.
method Integrates Bayesian inference with inventory optimization for a two-echelon system subject to stochastic demand and disruptions.
result The integrated approach achieves significant cost reductions and improved resilience during disruptions.
Elastic Cash adjusts money supply to stabilize interest rates.
problem Stabilizing interest rates in a decentralized system.
method Modifies supply to keep interest rate fixed by public market.
result Improves elasticity of US Dollar and new cryptocurrencies.
The paper approximates supply curves using a one-step basis method.
problem Computing supply curves accurately and efficiently.
method Derives L2 approximation expression and proposes node selection procedure.
result Illustrates the approach with European electricity market bid curves.
Study reveals supply chain correlations in firm growth rates.
problem Understanding correlations in firm growth rates and their supply chain relationships.
method Investigated correlation structure of firm growth rates and used Gaussian Markov Models to reconstruct supply chain networks.
result Supply chain-linked firms exhibit stronger correlation in growth rates than non-linked firms.
Deep neural networks optimize inventory decisions in complex supply chains.
problem Optimizing inventory decisions in stochastic multi-echelon supply chains.
method Pairwise modeling and DNN agents for order-up-to levels.
result The method performs better than alternate methods in general supply chain networks.
Study examines how COVID-19 intensified demand variability in U.S. supply chains.
problem The amplification of demand variability (Bullwhip Effect) in supply chains during the pandemic.
method Extensive industry-level data analysis using traditional and advanced empirical techniques.
result COVID-19 significantly amplified the Bullwhip Effect across different U.S. industries.
Recently, along with the emergence of food scandals, food supply chains have to face with ever-increasing pressure from compliance with food quality and safety regulations and standards. This paper aims to explore critical factors of compliance risk in food supply chain with an illustrated case in Vietnamese seafood in…
Approach for assessing supply chain cyber risks using expert judgment and forecasting.
problem Supply chain managers face challenges in assessing cyber risks affecting business factors.
method Structured expert judgment and forecasting models to assess various attack techniques and impacts.
result Facilitates implementation of risk management activities and decision-making processes.
Supply chains lend themselves to blockchain technology, but certain challenges remain, especially around invoice financing. For example, the further a supplier is removed from the final consumer product, the more difficult it is to get their invoices financed. Moreover, for competitive reasons, retailers and manufactur…
AI framework predicts invoice dilution in supply chain finance.
problem Invoice dilution risk in supply chain finance.
method AI, machine learning, dynamic credit limits, real-time projections.
result Supplemental AI model improves prediction accuracy.
Unified theory explains market impact using a simplified supply-demand parameter.
problem Understanding the market impact of metaorders and excess volatility.
method Coarse-grained approach with a single parameter ρ to model supply-demand equilibrium and market impact.
result Establishes a connection between excess volatility and order-driven markets through the square-root law.
We have studied here the self-organising features of the dynamics of a model market, where the agents `trade' for a single commodity with their money. The model market consists of fixed numbers of economic agents, money supply and commodity. We demonstrate that the model, apart from showing a self-organising behaviour,…
The paper shows supply chain features improve cyber risk prediction.
problem Predicting cyber risk from supply chain attributes.
method Machine learning, external supply chain features, AUC improvement.
result Supply chain network features improve AUC by 2.3%.
Study quantifies financial contagion risks in supply chains.
problem Supply chain shocks contribute to financial losses.
method Multi-layer network framework, micro-dataset of Hungarian firms.
result Supply chain shocks amplify financial losses by 4-3x.
Sornette et al. claimed that the optimal supply does not agree with the average demand, by analyzing a bakery model where a daily demand fluctuates with a uniform distribution. In this note, we extend the model to general probability distributions, and obtain the formula of the optimal supply for Gaussian distribution,…
TransCORALNet uses transformer and CORAL for supply chain credit assessment with cold start.
problem Supply chain credit assessment for new borrowers with limited data.
method Two-stream transformer CORAL networks with domain adaptation and LIME.
result TransCORALNet outperforms state-of-the-art models in accuracy.
The relationship between price volatilty and a market extremum is examined using a fundamental economics model of supply and demand. By examining randomness through a microeconomic setting, we obtain the implications of randomness in the supply and demand, rather than assuming that price has randomness on an empirical …
Paper applies RL to optimize inventory management across multiple products and nodes.
problem Optimizing inventory management for a large number of products with shared capacity in a multi-node supply chain.
method Novel multi-agent hierarchical reinforcement learning framework with A2C algorithm and quantised action spaces.
result The approach optimizes for maximizing product sales and minimizing wastage of perishable products.
This research introduces a control system for managing DeFi money supply.
problem Maintaining the value of issued currency in decentralized finance.
method Introduces a time-weighted Proportional-Integral-Derivative (PID) control system.
result Protects the value of issued currency by adapting to market activities.
Investigates the relationship between US money supply and asset indices over 2001-2019.
problem Determining the relationship between US money supply and asset indices growth.
method Information entropy methodology applied to US asset indices (Property, Russell 2000, S&P 500, NASDAQ) over 2001-2019.
result Growth in US broad money supply is the main determinant of US asset indices growth, especially the NASDAQ and Russell 2000.
This paper uses robust optimization to analyze supply chain resilience.
problem Supply chain resilience analysis of multi-modal logistics networks.
method Robust optimization with budget-of-uncertainty.
result Interactive effects of network size, disruption scale, and degree on resilience.
The disbalance of Supply and Demand is typically considered as the driving force of the markets. However, the measurement or estimation of Supply and Demand at price different from the execution price is not possible even after the transaction. An approach in which Supply and Demand are always matched, but the rate $I=…
We study a large economy in which firms cannot compute exact solutions to the non-linear equations that characterize the equilibrium price at which they can sell future output. Instead, firms use polynomial expansions to approximate prices. The precision with which they can compute prices is endogenous and depends on t…
Two neural network models analyze bus system efficiency and demand.
problem Identify service gaps and quantify demand in public transportation.
method Two neural network models considering demographic data and metrics.
result Models can generalize to other cities' bus systems.
We experimentally achieve a 19% capacity gain per Watt of electrical supply power in a 12-span link by eliminating gain flattening filters and optimizing launch powers using machine learning by deep neural networks in a massively parallel fiber context.
A new multi-phase approach improves supply chain forecasting accuracy.
problem Improving forecast accuracy for hierarchical supply chain demands.
method Independent child-level forecasting followed by parent-level estimation.
result 82-90% improvement in forecast accuracy compared to traditional methods.
Unified framework explains retirement and annuitization decisions under age-dependent mortality.
problem Complexity of annuitization decisions due to longevity risk and labor force participation.
method Stochastic control and optimal stopping framework with habit formation and endogenous labor supply.
result Rich sequence of retirement dynamics, including defensive and aggressive labor supply phases.
Model assesses how supply chain disruptions affect financial stability.
problem Systemic risk in production networks and its financial implications.
method Data-driven econo-financial stress-testing framework combining supply chain and interbank networks.
result Increase of up to 28% in financial systemic risk due to production network contagion.
This study analyzes dynamic connectedness in global supply chain infrastructure portfolios, identifying key risk factors and extreme events.
problem Understanding dynamic connectedness in global supply chain infrastructure portfolios under various risk factors and extreme events.
method Time-varying parameter vector autoregression (TVP-VAR) model to study spillover and interconnectedness of risk factors.
result Risk shocks influence dynamic connectedness between portfolios and risk factors, and extreme events affect investment outcomes.
The study optimizes supply chain management through a dice-based model to predict cleaner production.
problem Uncertainty in supply chain management and economic predictions.
method A 4-component SC module (environmental, demand, economic, social uncertainties) ranked by weight, using Analytical Hierarchical Process and optimization of a weighted cost function.
result Identifies conditions validating the sustainability of a business venture and optimizes market uncertainty.
Dynamic pricing aims to match power supply and demand in an energy transition.
problem Mismatch between renewable energy supply and consumer demand.
method Formalizes decision-making problem, designs forecasting models, and statistical demand response models.
result Dynamic pricing can synchronise power supply and demand effectively.
In standard Walrasian auctions, the price of a good is defined as the point where the supply and demand curves intersect. Since both curves are generically regular, the response to small perturbations is linearly small. However, a crucial ingredient is absent of the theory, namely transactions themselves. What happens …
Study on supply chain networks using wire transfers in Brazil.
problem Understanding economic integration and specialization in Brazilian cities.
method Constructed a directed and weighted network of wire transfers between cities, analyzed centrality measures, and used econometric analysis.
result Disassortative mixing pattern in trade network, stronger after recession, and impact of court efficiency on economic transactions.
Modeling supply chain disruptions from climate hazards with adaptive firms.
problem Systemic physical climate risk in supply chains.
method Agent-based model integrating geospatial hazards and firm adaptation.
result Firms' adaptive strategies reduce disruption by 48%.
A new approach integrates inventory prediction and routing optimization for better supply chain management.
problem Optimizing efficient route selection in supply chain management with uncertain inventory demand.
method Decision-focused learning approach using neural networks to directly integrate inventory prediction and routing optimization.
result Direct integration of inventory prediction and routing optimization leads to better supply chain decisions.
New method quantifies systemic risk of firms in supply networks.
problem Quantifying economic systemic risk of firms from supply networks.
method Unique value-added tax dataset; novel approach for computing ESR.
result A tiny fraction of companies have high systemic risk impacting 23% of national production.
Accurate taxi demand-supply forecasting is a challenging application of ITS (Intelligent Transportation Systems), due to the complex spatial and temporal patterns. We investigate the impact of different spatial partitioning techniques on the prediction performance of an LSTM (Long Short-Term Memory) network, in the con…
In this article, we analyze the application of options contract in special commodity supply chain such as fresh agricultural products. This problem is discussed in the point of the retailer. When spot market and future market are both available, we discuss how the retailer chooses the optimal production. Furthermore, o…
Study forecasts supply chain disruptions in automotive industry.
problem Operational disruptions in automotive supply chain cause financial losses.
method Constructed dataset of multivariate time series, used Attention Sequence to Sequence Deep Learning architecture.
result Model achieved 0.85 precision and 0.8 recall in QA phase across five plants.
Modeling shared mobility demand considering supply limitations.
problem Inaccurate demand predictions due to limited supply.
method Censored Gaussian Processes for demand modeling.
result Taking supply limitations into account improves demand predictions.
The paper characterizes probability and entropy of exponentially growing sample spaces.
problem Characterizing probability and entropy of exponentially growing sample spaces.
method Analytical and applied to real-world data (US$ broad money supply).
result Information entropy is related to the rate of sample space expansion.