Monday, August 21, 2017

Latest on Blood Supply Chains

This has been an amazing day, with not only the solar eclipse taking place,

and we had a wonderful turnout to view the solar eclipse, organized by Finance Professor Ben Branch of the Isenberg School,

but we also had two papers published today: Supply Chain Network Capacity Competition with Outsourcing: A Variational Equilibrium Framework, Anna Nagurney, Min Yu, and Deniz Besik,  which was published in the September issue of the Journal of Global Optimization (JOGO):

and Mergers and Acquisitions in Blood Banking Systems: A Supply Chain Network Approach, Amir H. Masoumi, Min Yu, and Anna Nagurney, which was published in the November issue of the International Journal of Production Economics (IJPE).

There has been much going on in the blood services industry in the United States and in January I had an article on the topic published in The Conversation: Uncertainty in Blood Supply Chains Creating Challenges for the Industry, which was reprinted in many news outlets.
Our IJPE article provides not only a new blood supply chain network model that incorporates frequencies of activities such as collection, testing, and distribution, but it also introduces three synergy measures to determine whether or not a merger or acquisition in this industry would be effective.  The case study examines a recent pending merger uner both status quo and disaster scenarios. The IJPE article is already garnering attention and was featured in a news post at the Pamplin School of Business at the University of Portland, where one of my co-authors, Professor Min Yu, is a faculty member.  Below is a photo of the three authors of this paper, with the lead author being Professor Amir H. Masoumi of the School of Business at Manhattan College. Both Dr. Masoumi and Dr. Yu are Isenberg School of Management UMass Amherst PhD alums (and they were also my doctoral students, with whom I continue to collaborate through the Supernetwork Center).
And, I am very excited that I will be delivering a semiplenary talk: Blood Supply Chains: Challenges for the Industry and How Operations Research Can Help  at the International Conference on Operations Research in Berlin, Germany, September 6-8, 2017.  It is an honor to be on the list of semiplenary speakers at this conference, and great to see several friends on the list!

I have been hard at work on my conference presentation, which will describe the latest on blood supply chains from network optimization models to game theory models since this healthcare sector is faced with increasing competition.
Hope you can make it to the conference and, if not, I will be posting my presentation closer to the conference date.