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Data Analytics in Operations Management: A Review

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arxiv 1905.00556 v1 pith:KXYCVC46 submitted 2019-05-02 econ.GN q-fin.EC

Data Analytics in Operations Management: A Review

Velibor V. Mi\v{s}i\'c , Georgia Perakis This is my paper
classification econ.GN q-fin.EC
keywords managementoperationsdataanalyticsrecentreviewadvancesapplication
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Research in operations management has traditionally focused on models for understanding, mostly at a strategic level, how firms should operate. Spurred by the growing availability of data and recent advances in machine learning and optimization methodologies, there has been an increasing application of data analytics to problems in operations management. In this paper, we review recent applications of data analytics to operations management, in three major areas -- supply chain management, revenue management and healthcare operations -- and highlight some exciting directions for the future.

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