I've heard of Markov Chains, but I didn't understand them until I visited this site that explains them with simple ...

The Academy of Management Journal, Vol. 12, No. 2 (Jun., 1969), pp. 223-234 (12 pages) This paper proposes a Markov chain model to deal with the dynamic, multivariate, and probabilistic nature of a ...

Amid all the hype about AI it sometimes seems as though the world has lost sight of the fact that software such as ChatGPT contains no intelligence. Instead it’s an extremely sophisticated system for ...

Assortment planning is an important problem that arises in many industries such as retailing and airlines. One of the key challenges in an assortment planning problem is to identify the "right" model ...