David D Yao

Title: The Innovations of David D Yao

Introduction

David D Yao is a prominent inventor based in Yorktown Heights, NY (US). He holds a total of 7 patents that reflect his expertise in inventory management and pricing strategies. His work has significantly contributed to the fields of retail and supply chain management.

Latest Patents

One of his latest patents is titled "Joint pricing and replenishment of freshness inventory." This invention focuses on determining joint pricing and inventory strategies to optimize retailer benefits from product freshness. It employs a dynamic programming formulation that incorporates a demand model, capturing consumer choice based on both freshness and price. Another notable patent is "Managing fresh-product inventory," which formulates the freshness inventory control problem as a stochastic dynamic program. This formulation takes into account inventory status, stochastic demand forecasts, and cost information associated with on-hand inventory. The goal is to maximize the order quantity and depletion quantity of the product per period.

Career Highlights

David D Yao has had a distinguished career, working with renowned organizations such as IBM and Columbia University. His experience in these institutions has allowed him to develop innovative solutions that address complex problems in inventory management.

Collaborations

Throughout his career, David has collaborated with notable colleagues, including Markus Ettl and Daniel Patrick Connors. These partnerships have fostered a creative environment that has led to significant advancements in their respective fields.

Conclusion

David D Yao's contributions to the field of inventory management and pricing strategies are noteworthy. His innovative patents and collaborations with esteemed organizations and individuals highlight his impact on the industry. His work continues to influence how retailers manage product freshness and inventory effectively.