Omprakash Jha | Indian Institute of Management Raipur (original) (raw)
Related Authors
Delhi Technological University, Delhi, India
National Pingtung University of Science and Technology
Uploads
Papers by Omprakash Jha
Our Mission: Our mission is to revive, preserve and protect the rural and tribal art and artisans... more Our Mission: Our mission is to revive, preserve and protect the rural and tribal art and artisans of our country, enabling and empowering them to reclaim their talent and earn livelihood through their creations with the help of internet access in rural India. Our Services: • We provide genuine art products to our customers with curated content from original art centers of rural India • We keep artisans in sync with global designs and help them monetize their skills Market Analysis: Market Research shows that Indian Art Market is currently worth anywhere between INR 1000-1200 crores. Painting comprises 99% of the art market and the global Y-o-Y growth of online market for art is forecasted to be 20% reaching the estimated value of $9.95 billion in 2020. Online market shows a high potential for art products priced between INR 10 000 – INR 50 000 which forms the pricing basis for our art supplies. Our Target Customers: Our global target market demographics consists of high-income family groups in metro cities and affluent localities. We also aim to use Kalakriti for corporate gifting, interior decoration, auction houses and exports. Our Competitive Advantage: • We are tapping on rural Indian art market which presently consists of 40% of the global artisan population and is still highly untapped • We are consolidating a highly fragmented sector which still has no major players and a huge market potential thus gaining the fast-mover adavantage Our Action Plan: We plan to form art clusters and use a networking platform (say, JioChat) to bring them together under a cluster head who would supply Kalkriti with digital pictures for its online gallery. Our target is to reach 198 clusters by the end of Year 5 with a target of 15 clusters in Year 1, 40 clusters in Year 2 and so on.
It has been a challenging task to manage perishable food supply chains because of the perishable ... more It has been a challenging task to manage perishable food supply chains because of the perishable product's short lifetime, the possible spoilage of the product due to its deterioration nature, and the retail demand uncertainty. All of these factors can lead to a significant amount of shortage of food items and a substantial retail loss. The recent development of tracing and tracking technologies, which facilitate effective monitoring of the inventory level and product quality continuously, can greatly improve the performance of food supply chain and reduce spoilage waste. Motivated by this recent technological advancement, our research aims to investigate the joint decision of pricing strategy, shelf space allocation, and replenishment policy in a single-item food supply chain setting, where our goal is to maximize the retailer's total expected profit subject to stochastic retail demand. We prove the existence of optimality for the design of the perishable food supply chain. We then extend the single-item supply chain problem to a multi-item setting and propose an easy-to-implement searching algorithm to produce the optimal allocation of shelf space among these items for practical implementation. Finally, we provide numerical examples to demonstrate the effectiveness of our solution.
Our Mission: Our mission is to revive, preserve and protect the rural and tribal art and artisans... more Our Mission: Our mission is to revive, preserve and protect the rural and tribal art and artisans of our country, enabling and empowering them to reclaim their talent and earn livelihood through their creations with the help of internet access in rural India. Our Services: • We provide genuine art products to our customers with curated content from original art centers of rural India • We keep artisans in sync with global designs and help them monetize their skills Market Analysis: Market Research shows that Indian Art Market is currently worth anywhere between INR 1000-1200 crores. Painting comprises 99% of the art market and the global Y-o-Y growth of online market for art is forecasted to be 20% reaching the estimated value of $9.95 billion in 2020. Online market shows a high potential for art products priced between INR 10 000 – INR 50 000 which forms the pricing basis for our art supplies. Our Target Customers: Our global target market demographics consists of high-income family groups in metro cities and affluent localities. We also aim to use Kalakriti for corporate gifting, interior decoration, auction houses and exports. Our Competitive Advantage: • We are tapping on rural Indian art market which presently consists of 40% of the global artisan population and is still highly untapped • We are consolidating a highly fragmented sector which still has no major players and a huge market potential thus gaining the fast-mover adavantage Our Action Plan: We plan to form art clusters and use a networking platform (say, JioChat) to bring them together under a cluster head who would supply Kalkriti with digital pictures for its online gallery. Our target is to reach 198 clusters by the end of Year 5 with a target of 15 clusters in Year 1, 40 clusters in Year 2 and so on.
It has been a challenging task to manage perishable food supply chains because of the perishable ... more It has been a challenging task to manage perishable food supply chains because of the perishable product's short lifetime, the possible spoilage of the product due to its deterioration nature, and the retail demand uncertainty. All of these factors can lead to a significant amount of shortage of food items and a substantial retail loss. The recent development of tracing and tracking technologies, which facilitate effective monitoring of the inventory level and product quality continuously, can greatly improve the performance of food supply chain and reduce spoilage waste. Motivated by this recent technological advancement, our research aims to investigate the joint decision of pricing strategy, shelf space allocation, and replenishment policy in a single-item food supply chain setting, where our goal is to maximize the retailer's total expected profit subject to stochastic retail demand. We prove the existence of optimality for the design of the perishable food supply chain. We then extend the single-item supply chain problem to a multi-item setting and propose an easy-to-implement searching algorithm to produce the optimal allocation of shelf space among these items for practical implementation. Finally, we provide numerical examples to demonstrate the effectiveness of our solution.