Matching Spatially Diversified Suppliers with Random Demands

Zhe Liu

A fundamental challenge in operations management is to dynamically match spatially diversified supply sources with random demand units. This dissertation tackles this challenge in two major areas: in supply chain management, a company procures from multiple, geographically differentiated suppliers to service stochastic demands based on dynamically evolving inventory conditions; in revenue management of ride-hailing systems, a platform uses operational and pricing levers to match strategic drivers with random, location and time-varying ride requests over geographically dispersed networks. The first part of this dissertation is devoted to finding the optimal procurement and inventory management strategies for a company facing two potential suppliers differentiated by their lead times, costs and capacities. We synthesize and generalize the existing literature by addressing a general...