Category Archives: Managerial Econ

Next week we will begin by hearing the lecture by Derrick Ervin and Josh Frederiksson, on problems 4-28 and 4-30.

On Monday also, I will request a team for the next lecture on chapter 5, which will take place on Monday February 12.

ON WEDNESDAY I WILL NOT BE IN CLASS.  Use the time to study.  It is a good idea for you to be working problems from the end of the chapters we have covered. Problems for the exam will be like that.

We will continue talking about chapter 5, for the whole week, finishing it Friday.

After this, we move away from basic economics and discuss a variety of applications and techniques new to you.  So now is the time to get the economic concepts learned.

http://www.bsos.umd.edu/econ/econ603/envelope-theorem.pdf

One of the top people in the field of supply chain management and logistics also is a leader in the field of optimization, haveing written one of the most famous papers about Lagrangean methods.

Marshall L. Fisher Faculty Profile – The Wharton School of the University of Pennsylvania

UPS Transportation Professor for the Private Sector; Professor of Operations and Information Management
Co-Director,Fishman-Davidson Center for Service and Operations ManagementPhD, Massachusetts Institute of Technology, 1970; SM, Massachusetts Institute of Technology, 1969; SB, Massachusetts Institute of Technology, 1965

Research Areas
Supply chain management, retailing

Recent Consulting
Technical support on vehicle routing, DART, Inc, 1989-90; Logistics planning, Campbell Soup, 1989; Manufacturing strategy, Scott Paper, 1989-90; Supply chain restructuring, Century Products, 1994, London Fog, 1994, Lutron,1995-96; Charming Shoppes, 1995, Spiegel, 1996; General Motors, 1996; Americold, 1996, IBM, 1998; Ahold, 1997-98; Anderson Consulting, 1998

Current Projects
Sloan Foundation Industry study of retailing. Managing logistics supply chains to improve the ability to match supply with demand for short-lifetime, high-fashion products with volatile demand. Managing Product Portfolios in an environment of high product variety.