Dacheng Yao

Research Interests

• Methodology: Applied Probability, Stochastic Modeling and Optimization, Stochastic Optimal Control

• Application: Inventory Management, Mechanism Design, Platform Economics

Education

• Academy of Mathematics and Systems Science, Chinese Academy of Sciences Ph.D. in Operations Research and Cybernetics (Advisor: Hanqin Zhang), Sep. 2005-June 2010

• School of Mathematics, Shandong University B.S. in Information and Computing Science, Sep. 2001-July 2005

Submitted Papers

• Y. Liu, D. Yao, H. Zhang. 2023. On substochastic inverse eigenvalue problems with the corresponding eigenvector constrains. Submitted.

• P. Cao, X. Wang, D. Yao. 2023. Optimal drift rate control and two-sided impulse control for a Brownian system with the long-run average criterion. Submitted.

Published/Accepted Papers

Y. Liu, D. Yao, H. Zhang. 2023. Minimal positive realizations for linear systems with two-different-pole transfer functions. European Journal of Control 69: 100720. (Journal Link).

Y. Liu, M. Niu, D. Yao, H. Zhang. 2022. Stationary distributions and ergodicity of reflection-type Markov chains. Statistics and Probability Letters 189: 109597. (Journal Link)

P. Cao, D. Yao. 2022. Optimal pricing and inventory control strategies for a continuous-review system with product return. Operations Research Letters 50(3): 295-302. (Journal Link).

D. Yao. 2021. Research status and challenges of inventory control problems with nonlinear ordering cost. Operations Research Transactions. 25(3): 105-118. (in Chinese) (Journal Link)

B. Wei, D. Yao. 2021. Ergodic inventory control with diffusion demand and general ordering costs. Operations Research Letters 49(4): 578-585. (Journal Link)

F. Xu, D. Yao, H. Zhang. 2021. Impulse control with discontinuous setup costs: discounted cost criterion. SIAM Journal on Control and Optimization 59(1): 267-295. (Journal Link)

J. Bu, X. Gong, D. Yao. 2020. Constant-order policies for lost-sales inventory models with random supply functions: asymptotics and heuristic. Operations Research 68(4): 1063-1073. (Journal Link)

P. Cao, D. Yao. 2019. Dual sourcing policy for a continuous-review stochastic inventory system. IEEE Transactions on Automatic Control 64(7): 2921-2928. (Journal Link)

P. Cao, D. Yao. 2018. Optimal drift rate control and impulse control for a stochastic inventory/production system. SIAM Journal on Control and Optimization 56(3): 1856-1883. (Journal Link)

D. Yao. 2017. Joint pricing and inventory control for a stochastic inventory system with Brownian motion demand. IISE Transactions 49(12): 1101-1111. (Journal Link)

D. Yao, X. Chao, J. Wu. 2017. Optimal policies for Brownian inventory systems with a piecewise linear ordering cost. IEEE Transactions on Automatic Control 62(7): 3235-3248. (Journal Link)

S. He, D. Yao, H. Zhang. 2017. Optimal ordering policy for inventory systems with quantity-dependent setup costs. Mathematics of Operations Research 42(4): 979-1006. (Journal Link)

D. Yao, X. Chao, J. Wu. 2015. Optimal ordering policy for Brownian inventory system with concave order costs. Journal of Applied Probability 52(4): 909-925. (Journal Link)

J. G. Dai, D. Yao. 2013. Brownian inventory models with convex holding cost, Part 2: Discount-optimal controls. Stochastic Systems 3(2): 500-573. (Journal Link)

J. G. Dai, D. Yao. 2013. Brownian inventory models with convex holding cost, Part 1: Average-optimal controls. Stochastic Systems 3(2): 442-499. (Journal Link)

D. Yao. 2013. Optimal policy for Brownian inventory models with general convex inventory cost. Acta Mathematicae Applicatae Sinica (English Series) 29(1): 187-200. (Journal Link)

Grants

• Principle Investigator, “Studies on real time inventory decision problems with stochastic processes”, Grant No. 11771432, ￥480,000, National Natural Science Foundation of China, Jan. 2018 - Dec. 2021.
• Principle Investigator, “Optimal policies for continuous review stochastic inventory problems with several types of ordering costs”, Grant No. 11401566, ￥220,000, National Natural Science Foundation of China, Jan. 2015 - Dec. 2017.

Awards

• Youth Science and Technology Award, Operations Research Society of China, 2020.
• Government-sponsored Visiting Scholarship from China Scholarship Council, 2017.
• Supported by this scholarship, I visited Fuqua School of Business, Duke University from Nov. 2017 to Oct. 2018.
• Government-sponsored Visiting Scholarship from Academy of Mathematics and Systems Science, Chinese Academy of Sciences, 2008.
• Supported by this scholarship, I visited H. Milton Stewart School of Industrial and Systems Engineering, Georgia Institute of Technology from Jan. to Dec. 2009.
• Dean scholarship in School of Mathematical Sciences, University of Chinese Academy of Sciences, 2006.