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Full-Text Articles in Operations Research, Systems Engineering and Industrial Engineering

Modeling The Economic Machine Using Bayesian Inference And Statistical Networks, And Optimal Portfolio Construction Using Operations Research, Richard Yang May 2019

Modeling The Economic Machine Using Bayesian Inference And Statistical Networks, And Optimal Portfolio Construction Using Operations Research, Richard Yang

ENGS 88 Honors Thesis (AB Students)

In this paper, we propose a network-based model to attempt to connect modern macroeconomic theory with real world economic observations and trends. We find that by extending macroeconomic theory with credit leveraging/deleveraging thresholds, we are able to explain economic cycles in addition to long-term growth. Furthermore, we specifically explore the growth-inflation view of the macro economy as a basis for optimal portfolio construction and efficient asset trading. Connecting our network-based macroeconomic model and our optimal portfolio construction algorithm, we create a novel macroeconomic asset-trading framework.


An Engineered Approach To Site Selection: Determining Where Facilities Should Be Located, Kerry Melton Apr 2019

An Engineered Approach To Site Selection: Determining Where Facilities Should Be Located, Kerry Melton

Operations Management Presentations

The importance of facility location has dramatically increased over the last several years as the U.S. economy has expanded and different metropolitan areas and markets have experienced population growth, infrastructure changes, labor availability improvements, and better technologies. Global competition has also created the need to further drive down costs and strategize the location of facilities such as distribution centers, freight consolidation centers, retail stores, manufacturing plants, supplier locations for raw materials, farms to grow crops, port facilities, etc. Due to the importance of facility location, this presentation will consider and evaluate several traditional and more modern methods for determining the …