Experts from Carey Business School share insights on how COVID-19 is weighing on the global economy and how retailers can become more resilient by diversifying supply chains.
In a breakthrough study, researchers have found that higher continuity of care, meaning a care team cooperatively involved in ongoing healthcare, is better for health outcomes.
National banks run stress tests to predict how they’ll perform in a financial catastrophe.
The “supply chain” has no such preliminary measurement. It takes a natural disaster or a pandemic to experience how strong the system is that gets consumers the things they consume.
The much talked about phenomenon of "Monday Blues" that ensues after a comfortable weekend, might actually be a legitimate thing, as indicated by a new study. The research from the Lehigh University's College of Business which was published in the journal - Information Systems Research found that the 'Monday Effect' - that letdown of returning to work after a weekend, which is documented to impact finance, productivity and psychology - also negatively affects supply chains. After the study, researchers found that process interruption that occurs when operations are shut down over the weekend, along with human factors like the 'Monday blues,' hurt supply chain performance on Mondays. That means a longer time between when a purchase order is received and when it is shipped, as well as more errors in order fulfilment. Weekends create bottlenecks at distribution centres that are tackled on Mondays as orders are processed, picked, staged and shipped to customers. Humans completing processing activities are impacted by adjusting to returning to work, more prone to errors and less efficient. Strategies for combating the 'Monday effect' include increased staffing on Mondays (or any day returning from a break, including holidays), fewer Monday meetings and non-fulfilment activities, better training, additional pay or mood-lifters such as free coffee or motivational talks, and double-checking Monday work.
In the process of creating stuff people want to buy, businesses also create a vast medley of byproducts and aftereffects that are decidedly less good. They add to what feels like a pretty depressing state of affairs: the climate crisis is reaching intimidating, unprecedented heights, millions of people suffer daily from environmental health risks around the world, mental health issues are driving a steady uptick in suicide rates, obesity is on the rise, inhumane working conditionshave been normalized for a nontrivial portion of the population, and so on.
Ashley Smith
Public Affairs Coordinator
INFORMS
Catonsville, MD
[email protected]
443-757-3578
An audio journey of how data and analytics save lives, save money and solve problems.
Can we really trust AI to make better decisions than humans? A new study says … not always. Researchers have discovered that OpenAI’s ChatGPT, one of the most advanced and popular AI models, makes the same kinds of decision-making mistakes as humans in some situations—showing biases like overconfidence of hot-hand (gambler’s) fallacy—yet acting inhuman in others (e.g., not suffering from base-rate neglect or sunk cost fallacies).
The genetic testing company 23andMe, which holds the genetic data of 15 million people, declared bankruptcy on Sunday night after years of financial struggles. This means that all of the extremely personal user data could be up for sale—and that vast trove of genetic data could draw interest from AI companies looking to train their data sets, experts say.
Robert F. Kennedy Jr., as the new secretary of Health and Human Services, is the nation’s de facto healthcare czar. He will have influence over numerous highly visible agencies, including the Centers for Disease Control and Prevention, the National Institutes of Health and the Food and Drug Administration, among others. Given that healthcare is something that touches everyone’s life, his footprint of influence will be expansive.
Health insurance has become necessary, with large and unpredictable health care costs always looming before each of us. Unfortunately, the majority of people have experienced problems when using their health insurance to pay for their medical care. Health insurance serves as the buffer between patients and the medical care system, using population pooling to mitigate the risk exposure on any one individual.
Oklahoma State University's Sunderesh Heragu joins LiveNOW's Austin Westfall to discuss the evolving economic landscape after President Trump implemented tariffs on some of our biggest trade partners. Most tariffs have been halted for now -- but not with China. Beijing and the White House have levied steep tariffs on each other. Trump announced that tariffs on China would reach 145 percent. In response, China imposed 125 percent tariffs on U.S.-imported goods.
Washington’s experiment with tariff trade torment makes lab costs soar; ‘it’s like doubling the price tag’, US researcher says
In the case of upgrading electrical and broadband infrastructure, new analysis from the University of Massachusetts Amherst reveals {that a} “dig once” strategy is almost 40% more economical than changing them individually.
Billionaire investor Mark Cuban's question to Representative Matt Gaetz, a Florida Republican, on energy costs took off on social media on Saturday.