Chapters authored
Big Data Analytics and Its Applications in Supply Chain Management
In today’s competitive marketplace, development of information technology, rising customer expectations, economic globalization, and the other modern competitive priorities have forced organizations to change. Therefore, competition among enterprises is replaced by competition among enterprises and their supply chains. In current competitive environment, supply chain professionals are struggling in handling the huge data in order to reach integrated, efficient, effective, and agile supply chain. Hence, explosive growth in volume and different types of data throughout the supply chain has created the need to develop technologies that can intelligently and rapidly analyze large volume of data. Big data analytics capability (BDA) is one of the best techniques, which can help organizations to overcome their problem. BDA provides a tool for extracting valuable patterns and information in large volume of data. So, the main purpose of this book chapter is to explore the application of BDA in supply chain management (SCM).
Part of the book: New Trends in the Use of Artificial Intelligence for the Industry 4.0
Artificial Intelligence and Its Application in Optimization under Uncertainty
Nowadays, the increase in data acquisition and availability and complexity around optimization make it imperative to jointly use artificial intelligence (AI) and optimization for devising data-driven and intelligent decision support systems (DSS). A DSS can be successful if large amounts of interactive data proceed fast and robustly and extract useful information and knowledge to help decision-making. In this context, the data-driven approach has gained prominence due to its provision of insights for decision-making and easy implementation. The data-driven approach can discover various database patterns without relying on prior knowledge while also handling flexible objectives and multiple scenarios. This chapter reviews recent advances in data-driven optimization, highlighting the promise of data-driven optimization that integrates mathematical programming and machine learning (ML) for decision-making under uncertainty and identifies potential research opportunities. This chapter provides guidelines and implications for researchers, managers, and practitioners in operations research who want to advance their decision-making capabilities under uncertainty concerning data-driven optimization. Then, a comprehensive review and classification of the relevant publications on the data-driven stochastic program, data-driven robust optimization, and data-driven chance-constrained are presented. This chapter also identifies fertile avenues for future research that focus on deep-data-driven optimization, deep data-driven models, as well as online learning-based data-driven optimization. Perspectives on reinforcement learning (RL)-based data-driven optimization and deep RL for solving NP-hard problems are discussed. We investigate the application of data-driven optimization in different case studies to demonstrate improvements in operational performance over conventional optimization methodology. Finally, some managerial implications and some future directions are provided.
Part of the book: Data Mining