Management Sciences Prof. Benton receives ‘Best Paper’ award
Furthering Fisher College of Business’ reputation as a top operations research powerhouse, a Management Sciences professor recently received honors from a major engineering journal.
IIE Transactions, the flagship journal of the Institute of Industrial Engineers, honored Fisher Prof. W.C. Benton Jr. with the 'Best Paper' award. He’ll be formally acknowledged at the publication’s research conference in May.
Benton’s award came for his “Determining Core Acquisition Quantities When Products Have Long Return Lags.” This research tackles a common problem for closed-loop supply chains: Having a sufficient supply of reusable products, a tricky balancing act between accidental shortages or inventory overloads. Benton in his research culled live data from original equipment manufacturers and remanufacturers to develop a new forecasting approach that better balances product returns with demand volume.
At Fisher, Benton is the Edwin D. Dodd Professor of Management and a professor of operations and supply chain management. He’s a prolific researcher whose more than 120 articles have appeared have appeared in publications including the New England Journal of Medicine, Journal of Operations Management, and many others. He has consulted for a wide variety of public- and private-sector entities throughout North America.