BALTIMORE, MD, November 12, 2024 – New research in the INFORMS journal Manufacturing & Service Operations Management is guiding the development of more inclusive and efficient electricity markets. The work demonstrates how aggregating small-scale, distributed energy resources (DERs) like solar panels can effectively balance the power of large utility companies.
Global supply chains are undergoing an irrevocable shift. While material flows remain critical, they are only the most visible aspect of this transition. Beneath the surface, changes in information exchanges, financial reconfigurations, and human capital movements are posing far greater risks to the benefits of global trade. The US, China, and the rest the world must handle these changes with care and perspective.
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While the 100-day review is designed to better understand several aspects of U.S. supply chains, it will hopefully force companies to reassess how they move products through the chain.
Today, an estimated 90% of the world’s goods are transported by sea, with 60% of that – including virtually all your imported fruits, gadgets and appliances – packed in large steel containers. The rest is mainly commodities like oil or grains that are poured directly into the hull. In total, about US$14 trillion of the world’s goods spend some time inside a big metal box.
Defying the pessimists who doubted the ability of Yale students to follow COVID-19 safety protocols, the Yale student body conducted itself in a safer manner than expected last semester. To put a number on it, the R0 value, or the number of secondary cases generated by an initial case, of the student body last semester was 1.85—compared to the 2.3 that experts set as the maximum value that could still keep student infections under control. Yale researchers Joseph Chang, Forrest Crawford, and Edward Kaplan calculated this number and devised the twice-weekly testing plan implemented among Yale College’s on-campus student body last semester.
Big-power muscle flexing helps explain much of the world’s vaccine inequities, but there's another reason behind insufficient doses: The challenge of making them is unprecedented.
So much has changed since COVID-19 pressured the medical industry to innovate in the Pharma supply chain, making a lasting impression.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
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Analytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
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