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Modeling with Stochastic Programming


Speaker:

Prof. Stein W. Wallace

Professor of Operational Research

Leader of the Centre for Shipping and Logistics

Centre for Shipping and Logistics, NHH Norwegian School of Economics

Date:    Apr 15, 2025 (Tuesday)

Time:   10:30 am – 12:00 nn

Venue:  Room 8-28, 8/F Haking Wong Building, The University of Hong Kong





Abstract

There are many deep papers on the mathematics and algorithmics of stochastic programming. But why should we, as operations research people interested in transportation and logistics, care? The world is stochastic for sure, but does that imply that we need stochastic models to get good decisions? And if we embark on a genuine application, where real money is involved, what are the modeling questions we need to pose? What are the steps we need to take before we arrive at mathematical and algorithmic challenges?



About the Speaker

Stein W. Wallace is a Professor of Operational Research and leader of the Centre for Shipping and Logistics at NHH Norwegian School of Economics. He received his Dr. Scient degree in informatics from the University of Bergen in 1984. He has earlier held professorships at for example Lancaster University Management School, The Chinese University of Hong Kong, Molde University College and NTNU, as well as visiting positions at for example Business School of Sichuan University in Chengdu, IBM Watson Research in NY, Columbia University, ENP Grenoble, France and The University of Washington. Wallace has published more than 120 papers in internationally leading journals such as Operations Research, Management Science, Production and Operations Management, Transportation Science, Transportation Research A, B and D and E, Mathematical Programming, European Journal of Operational Research, and INFORMS Journal on Computing. He is best known for his work in stochastic programming, in particular the two books Stochastic Programming (with Peter Kall from 1994) and Modeling with stochastic programming (with Alan King from 2012, Second Edition n 2024), but also for work in logistics and energy systems. He has over 14000 citations.


He has been on numerous editorial boards, including INFORMS Journal on Computing (1990-2018). He founded the Norwegian OR Society and has held elected positions in The British OR Society as well as The Society for Transportation and Logistics in INFORMS, The Mathematical Programming Society and EURO.

 

Title: Tactical Operations of Service Region Dimensioning, Bundling, and Matching for On-Demand Food Delivery Services

Speaker: Mr. Kaihang Zhang (Department of Civil Engineering)

Date: Feb 27, 2025 (Thursday)

Time: 4:00 pm - 5:00 pm

Venue: Room 612B, 6/F, Haking Wong Building, The University of Hong Kong


About the talk: On-demand food delivery (OFD) services have experienced a significant surge in popularity in recent years, which poses various challenges for service operators. To address these challenges, we discuss an analytical model that captures the complex interplay of the OFD system by considering factors such as adjustable service region size and order bundling. We investigate how key decision variables, including maximum delivery distance and bundling ratio, affect the system's endogenous variables and two critical system performance metrics: customer total waiting time and order throughput. Our analysis yields several intriguing managerial insights. First, the maximum delivery distance has a non-monotonic impact on the customer accumulation time, delivery time, and total waiting time, and there is a “win-win” situation in which increasing the maximum delivery distance benefits both the customer total waiting time and order throughput. Second, order bundling is crucial under high customer demand to ensure adequate food delivery supply, but it is less desirable under low customer demand due to increased detour distances in delivery. We further explore strategies for minimizing customer total waiting time (by setting small service regions and bundling ratios) and order throughput (by establishing larger service regions). Recognizing the partial conflict between these two objectives, we identify the Pareto-efficient frontier that serves as a guideline for service operators in balancing these competing goals.


About the speaker: Kaihang Zhang is currently a PhD candidate at The University of Hong Kong supervised by Dr. Jintao Ke. He is a student member of INFORMS, ITS of HKU, and the recipient of Hong Kong PhD Fellowship and HKU Presidential Scholarship. He has been developing economic analytical models and network flow models throughout his PhD study at HKU on the operations for on-demand urban mobility systems. During his time at HKU, he worked as a visiting research student at LIMOS, University of Michigan, working on the development of data-driven analytical model for food delivery services. He has Bachelor’s Degrees from Zhejiang University and UIUC, and a Master’s Degree from UC Berkeley.






This seminar is jointly organized by MTR, the Department of Data and Systems Engineering, Department of Civil Engineering, Institute of Transport Studies, The Edge, and Inno Wing Two.


Smart Railway Transformation with Data & New Technologies


Speaker:

Benny Ng, Acting Chief Digital Development Manager (Smart Operating), MTR;

Jackson Wu, Acting Lead Design Manager – Smart Maintenance, MTR.

Date:    Mar 6, 2025 (Thursday)

Time:   10:30 am – 12:30 am

Venue:  Innovation Wing Two, The University of Hong Kong


Abstract

In this talk, the speakers will introduce the innovation and technology development framework for Hong Kong Transport Services. They will also introduce examples of applications and utilization of data and new technologies for smart railway transformation. Finally, they will share experience on the key challenges, opportunities and required skills for exploring, development and application of data and smart technologies.

 

Group Photo
Group Photo

Mr. Benny Ng and Mr. Jackson Wu
Mr. Benny Ng and Mr. Jackson Wu

Dr. Yong-Hong Kuo - Opening
Dr. Yong-Hong Kuo - Opening


Mr. Jackson Wu delivering talk
Mr. Jackson Wu delivering talk

Mr. Benny Ng delivering talk
Mr. Benny Ng delivering talk

Q&A Session
Q&A Session

© 2023 by Institute of Transport Studies. The University of Hong Kong.
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