Research

Research Interests

Inventory Control

Supply Chain Management

Revenue Management

Investment Decision Analysis

Dynamic Pricing

Dynamic Decision Making

Stochastic Dynamic Programming

 

Publications

1) Dasci, A. and M. Karakul, “Two-period Dynamic versus Fixed-Ratio Pricing in a Capacity Constrained Duopoly,” European Journal of Operational Research, 2008, doi:10.1016/j.ejor.2007.12.039.

2) Karakul, M. and L.M.A. Chan, “Analytical and Managerial Implications of Integrating Product Substitutability in the Joint Pricing and Procurement Problem,” European Journal of Operational Research, Vol. 190/1, pp 179-204, 2008.

3) Karakul, M. “Joint Pricing and Procurement of Fashion Products in the Existence of a Clearance Market,” International Journal of Production Economics, 2008, doi:10.1016/j.ijpe.2007.03.026.

4) Dasci, A and M. Karakul, “Performance evaluation of a single-stage two-product manufacturing system operating under pull-type control,” Computers and Operations Research, Vol 35/9, September 2008, 2861-2876.

5) Karakul, M. and A. Dasci, “An Approximation Method to Analyze Polling Models of Pull-Type Production Systems,” European Journal of Industrial Engineering,  Vol. 1, No. 2,  2007, 200-222.

6) Qudrat-Ullah, H. and M. Karakul, “Decision Making in Interactive Learning Environments: Towards an Integrated Model,” Journal of Decision Systems, Vol. 16/1, 2007, 79-99.

7) Qudrat-Ullah, H., and M. Karakul, “Modeling for Policy Assessment in the Electricity Supply Sector of Pakistan,” International Journal of Energy Sector Management, Vol. 1, Issue 3,  2007.

8) Karakul M. and M. Parlar, “Optimal Switchover Times Between Two Activities Utilizing the Same Resource,” Naval Research Logistics, Vol. 49, Issue 2, March 2002, 186-203.

Chapters in Books

1) Chan, L.M.A. and M. Karakul, “Inventory Control Theory: Deterministic and Stochastic Models,” in G. Don Taylor (Ed.), Logistics Engineering Handbook, Taylor & Francis CRC Press, 2007.

2) Karakul, M., and Qudrat-Ullah, H., “How to Improve Dynamic Decision Making? Practice and Promise, ” in H. Qudrat-Ullah, M. Spector, and I. Davidson, (Eds.). Complex Decision Making: Theory and Practice, USA: Springer-Verlag, 2007.

Work In Progress

1) Karakul, M. and L.M.A. Chan, “Joint Pricing and Procurement of Substitutable Products with Random Demands,” under review.

2) Multiple period optimal procurement of substitutable products with random demands and discretionary sales (with L.M.A. Chan, Virginia Tech).

3) A Modified First-Fit-Decreasing Heuristic for the Open Bin Packing Problem (with L.M.A. Chan, Virginia Tech).

4) Comparison of two First-Fit-Decreasing type Heuristics for the Open Bin Packing Problem, (with L.M.A. Chan, Virginia Tech).

5) Optimal Maintenance and Replacements Decisions for Stochastically Failing Equipment.

6) Pricing and Inventory Control of Substitutable Products: A literature review from the Operations Research/Management Science Perspective.

7) Pricing and Inventory Decisions in New Product Introduction: The Impact of Market Cannibalization and Substitution.