Dear Colleagues and Friends,
I would like to share with the Management Science community the US 2022 Economic Report of the President. The report, published this month, "presents an overview of the nation's economic progress and makes the case for the Administration's economic policy priorities."
I was delighted to discover that the report cites three papers published by Management Science:
Kesavan, S., S. Lambert, J. Williams, and P. Pendem. 2021. "Doing Well by Doing Good: Improving Store Performance with Responsible Scheduling Practices at the Gap, Inc." Management Science, forthcoming. In this paper, the authors estimate the impact of responsible-consistent and predictable-scheduling practices on store financial performance at the US retailer Gap, Inc. The analyses indicate that implementing responsible scheduling practices increased store productivity by 5.1%, driven by increase in sales (by 3.3%) and decrease in labor (by 1.8%).
Lipsitz, M., and E. Starr. 2021. "Low-Wage Workers and the Enforceability of Noncompete Agreements." Management Science 68, no.1: 143–70. The study exploits the 2008 Oregon ban on noncompete agreements for hourly-paid workers to provide the first evidence of its impact on low-wage workers. The authors find that banning noncompete agreements for hourly workers increased hourly wages by 2%–3% on average.
Fuchs, E., and R. Kirchain. 2010. "Design for Location? The Impact of Manufacturing Offshore on Technology Competitiveness in the Optoelectronics Industry." Management Science 56, no. 12: 2323-2349. The paper presents a case study of the impact of manufacturing offshore on technology competitiveness in the optoelectronics industry. Using the case study, the authors show that manufacturing location influences the relative production economics of competing technologies.
Finally, I am also pleased to see that the 2022 Economic Report of the President cites two of my own papers on supply chain resiliency where we discuss concepts such as Time-to-Recover and Time-to-Survive and the need for Supply Chain Stress Tests, see Simchi-Levi, D. 2020. "Three Scenarios to Guide Your Global Supply Chain Recovery." MIT Sloan Management Review, April 13; and Simchi-Levi, D., and E. Simchi-Levi. 2020. "We Need a Stress Test for Critical Supply Chains." Harvard Business Review, April 28.
I am excited to see that work done by the Management Science community is getting visibility and hopefully influencing public policy at the highest level.
David Simchi-Levi
Editor-in-Chief
Management Science
E-mail: mseic@mit.edu
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David Simchi-Levi
Professor of Engineering Systems
Massachusetts Institute of Technology
Cambridge MA
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