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Wilfrid Laurier University School of Business & Economics
December 22, 2014

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PhD, MFin & MSc Programs

SCM Centre Speaker Series: Dr. Suresh Sethi

Managing with Incomplete Inventory Information
Dr. Suresh Sethi

published: 2013 | Brochure | Speaker Series

One of the critical assumptions in the
inventory management literature has been
that the current level of inventory is fully
observed. Yet it is often the case in practice
that the inventory level is only partially
observed. Most of the well-known inventory
policies are not only non-optimal, but are also
not applicable in the partial observation
environment. The purpose of this talk is to
review recent developments in the analysis of
partially observed optimal control problems
that arise in the management of inventory
systems. The talk will conclude with
suggestions for future theoretical as well as
empirical research in inventory problems with
incomplete information.
Suresh P. Sethi is Eugene McDermott Chair of
Operations Management and Director of the
Center for Intelligent Supply Networks at
Naveen Jindal School of Management, the
University of Texas at Dallas. He has written
7 books and published more than 350
research papers in the fields of
manufacturing and operations management,
finance and economics, marketing, and
optimization theory. He serves on the
editorial boards of several journals including
Production and Operations Management and
SIAM Journal on Control and Optimization.
Two conferences were organized and two
books edited in his honor in 2005-6. Other
recent honors include: Fellow of the Royal
Society of Canada (1994), IEEE Fellow (2001),
INFORMS Fellow (2003), AAAS Fellow (2003),
POMS Fellow (2005), IITB Distinguished
Alum (2008), SIAM Fellow (2009), President
of Production and Operations Management
Society (2012).

revised Apr 18/13

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