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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
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    References listed on IDEAS

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    Cited by:

    1. E. Andrew Boyd & Ioana C. Bilegan, 2003. "Revenue Management and E-Commerce," Management Science, INFORMS, vol. 49(10), pages 1363-1386, October.
    2. 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.
    3. 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.
    4. 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.
    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. 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.
    7. 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.
    8. Makowski, Marek, 2005. "A structured modeling technology," European Journal of Operational Research, Elsevier, vol. 166(3), pages 615-648, November.
    9. 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.
    10. 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.
    11. 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.
    12. 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.
    13. 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.
    14. 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.
    15. Jayashankar M. Swaminathan & Sridhar R. Tayur, 2003. "Models for Supply Chains in E-Business," Management Science, INFORMS, vol. 49(10), pages 1387-1406, October.
    16. 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.
    17. 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.
    18. 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.
    19. 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.
    20. 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.
    21. 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.
    22. Alfaro, José A. & Álvarez, María José & 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.
    23. 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.
    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.
    25. Zainuddin, Mohammad & Mahi, Masnun Al & Hassan, M. Kabir & Khan, Shamim Ahmed, 2024. "Platform economy deconstructed: intellectual bases and emerging ethical issues," Research in International Business and Finance, Elsevier, vol. 71(C).

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