Advances in Applied Operations Research and Analytics for Business Intelligence

This book includes selected papers from the International Conference on Emerging Trends in Business Analytics and Management Sciences, 57th Annual Convention of ORSI (BAMS 2024), held during December 12-14, 2024, at Victor Menezes Convention Center (VMCC), IIT Bombay, Mumbai, India. The book includes research works from engineers, researchers, and practitioners in the field of operations research and applications, machine learning, artificial intelligence and data science, big data, IoT, blockchain, cloud computing, inventory management and supply chain analytics, retail analytics, information systems and analytics, financial data analytics, marketing analytics, healthcare analytics, operations and project management, applied mathematics and simulation in business, analytics in strategy and competitiveness, analytics for environmental economics, circular economy and sustainability through business analytics, applied statistics in management, fuzzy logic and intelligent systems, and environment, social, and governance analytics.

Prof. Pankaj Dutta is Professor in decision sciences and operations research at the School of Management, Indian Institute of Technology (IIT) Bombay, Mumbai, India. He holds a Ph.D. degree from IIT Kharagpur, India, and is Postdoctoral Fellow from EPFL, Swiss Federal Institute of Technology, Switzerland. He has worked as INSA Fellow at Karlsruhe Institute of Technology, Germany, and DAAD Visiting Professor at Humboldt University of Berlin, Germany. He served as Associate Editor of OPSEARCH and Guest Editor, Editorial Board Member, and Reviewer of several international journals. He is Central Council Member of the Operational Research Society of India (ORSI). He is also featured in the world's top 2% Scientist's database (single-year) based on a study conducted by Stanford University, USA. His current areas of research interest include supply chain management, reverse logistics, data analytics, e-commerce, crowdfunding, MCDM, and decision-making under risk and uncertainty. Prof. Sudeep R. Bapat is Assistant Professor in the decision sciences area at the Shailesh J. Mehta School of Management, Indian Institute of Technology Bombay. He had his schooling and undergraduate education in New Delhi. He obtained his bachelor's degree in statistics from the University of Delhi, a master's in science in applied statistics and informatics from the Indian Institute of Technology, Bombay, and Ph.D. from the University of Connecticut, USA, in 2017. His thesis mainly concentrates on the area of sequential methodologies and applications. Some of his Ph.D. research includes estimation of parameters under a sequential sampling strategy, which is beneficial under many practical real-world examples such as health studies, ecology, and finance. He later worked as Visiting Assistant Professor in the Probability and Statistics Department of the University of California, Santa Barbara, and as Assistant Professor at the Indian Institute of Management, Indore. Prof. Dipak Kumar Jana did Ph.D. from Indian Institute of Engineering Science and Technology, Shibpur, and did his post-graduation (M.Sc.) in applied mathematics with specialization in operations research from Vidyasagar University, West Bengal. He has qualified in the National Eligibility Test (NET-CSIR) for Junior Research Fellow (JRF) and GATE. He has been teaching mathematics both at undergraduate and postgraduate levels. He is Ex-HOD and Professor in the Department of Applied Science, Haldia Institute of Technology, Haldia, West Bengal. Dr. Jana is Member of Operational Research Society of India, Indian Science Congress Association, Calcutta Mathematical Society. Dr. Jana has published more than 65 papers in esteemed International journals. He has also reviewed several texts and reference books on mathematics. He is Organizing Chair of Internal Conferences ICITAM 2019, ICEMC 2020. He has edited a book, Volume 699 of Advances in Intelligent Systems and Computing, Springer Singapore, 2018. Prof. Anil Kumar is a