  {"id":10967,"date":"2022-01-12T09:28:55","date_gmt":"2022-01-12T15:28:55","guid":{"rendered":"https:\/\/uwm.edu\/engineering\/?p=10967"},"modified":"2022-03-17T14:03:11","modified_gmt":"2022-03-17T19:03:11","slug":"mass-panic-buying-uwm-awards-jang-and-otieno-100k-seed-grant-to-develop-supply-chain-model-to-help-ease-impact-of-herd-behavior","status":"publish","type":"post","link":"https:\/\/uwm.edu\/engineering\/mass-panic-buying-uwm-awards-jang-and-otieno-100k-seed-grant-to-develop-supply-chain-model-to-help-ease-impact-of-herd-behavior\/","title":{"rendered":"Mass panic buying: 51ÁÔÆæ awards Jang and Otieno $100K seed grant to develop supply-chain model to help ease impact of herd behavior"},"content":{"rendered":"\n<figure class=\"alignleft uwm-c-img--left\"><img loading=\"lazy\" decoding=\"async\" width=\"257\" height=\"300\" src=\"https:\/\/uwm.edu\/engineering\/wp-content\/uploads\/sites\/537\/2021\/02\/Jaejin-Jang-300-x-350-257x300.png\" alt=\"Jaejin Jang\" class=\"wp-image-6007\" srcset=\"https:\/\/uwm.edu\/engineering\/wp-content\/uploads\/sites\/537\/2021\/02\/Jaejin-Jang-300-x-350-257x300.png 257w, https:\/\/uwm.edu\/engineering\/wp-content\/uploads\/sites\/537\/2021\/02\/Jaejin-Jang-300-x-350.png 300w\" sizes=\"auto, (max-width: 257px) 100vw, 257px\" \/><\/figure>\n\n\n\n<p>Fueled by panic, U.S. consumers have bought uncommonly large amounts of certain products during the pandemic: toilet paper, hand sanitizers, masks and more. The key word is panic, says Jaejin Jang, associate professor, industrial &amp; manufacturing engineering, and panic-fueled buying is not new. For example, panic drove car drivers in the 1970s\u2014facing an oil crisis\u2014to join long queues at gas stations the minute their tanks dipped to half full.<\/p>\n\n\n\n<p>\u201cPanic increases demand and increased demand leads to supply shortages, which result in more panic,\u201d said Jang. Compounding this during the current pandemic is the actual decrease in the supply of some products.<\/p>\n\n\n\n<figure class=\"alignright uwm-c-img--right\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/uwm.edu\/engineering\/wp-content\/uploads\/sites\/537\/2022\/01\/Otieno-500-300x300.png\" alt=\"Wilkistar Otieno\" class=\"wp-image-10968\" srcset=\"https:\/\/uwm.edu\/engineering\/wp-content\/uploads\/sites\/537\/2022\/01\/Otieno-500.png 300w, https:\/\/uwm.edu\/engineering\/wp-content\/uploads\/sites\/537\/2022\/01\/Otieno-500-150x150.png 150w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure>\n\n\n\n<p>Jang is embarking on creating a mathematical model that quantifies the role panic plays in the supply chain. The 51ÁÔÆæ Research Office has gotten behind his idea and selected him to receive one of 14 Discovery and Innovation grants (DIG) in 2021. The one-year, $100,000 award will enable Jang and Wilkistar Otieno (co-PI) to create a supply planning model to assess and mitigate the impact of mass panic purchases of relief products. Researchers plan to start in early 2022 and complete their research by the end of the year. Jang will create the model, and Otieno will put it to the test\u2014proving or disproving it using historical data.&nbsp;<\/p>\n\n\n\n<p>51ÁÔÆæ\u2019s DIG program supports high-quality, innovative, early-stage basic or applied research or creative projects that have the potential for later submission at three times the award value through external funding.<\/p>\n\n\n\n<p>With this research, Jang wants to discover if a government campaign could ease panic buying in the future.&nbsp;<\/p>\n\n\n\n<p>He also hopes a successful mathematical model would be used in industry to determine the best way to re-introduce normal supply levels when they are available, so as to avoid panic buying: Incrementally or all at once?<\/p>\n\n\n\n<p>Ideally, he says, high school students would learn about panic buying, so as to minimize future supply-chain disruptions of the current magnitude.<\/p>\n\n\n\n<p><a href=\"https:\/\/uwm.edu\/engineering\/people\/jang-jaejin\/\" target=\"_blank\" rel=\"noreferrer noopener\">Jang\u2019s research<\/a> has included the control of supply chain under natural disasters. <a href=\"https:\/\/uwm.edu\/engineering\/people\/otieno-wilkistar\/\" target=\"_blank\" rel=\"noreferrer noopener\">Otieno\u2019s research<\/a> has included predictive data analytics for manufacturing systems.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fueled by panic, U.S. consumers have bought uncommonly large amounts of certain products during the pandemic: toilet paper, hand sanitizers, masks and more. The key word is panic, says Jaejin Jang, associate professor, industrial &amp; manufacturing engineering, and panic-fueled buying &hellip;<\/p>\n","protected":false},"author":19687,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","uwm_wg_additional_authors":[]},"categories":[93,25,67],"tags":[],"class_list":["post-10967","post","type-post","status-publish","format-standard","hentry","category-advanced-manufacturing","category-news","category-research"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>College of Engineering &amp; Applied Science<\/title>\n<meta name=\"description\" content=\"Jaejin Jang is creating a mathematical model that quantifies the role panic buying plays in the supply chain.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uwm.edu\/engineering\/mass-panic-buying-uwm-awards-jang-and-otieno-100k-seed-grant-to-develop-supply-chain-model-to-help-ease-impact-of-herd-behavior\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mass panic buying: 51ÁÔÆæ awards Jang and Otieno $100K seed grant to develop supply-chain model to help ease impact of herd behavior\" \/>\n<meta property=\"og:description\" content=\"Jaejin Jang is creating a mathematical model that quantifies the role panic buying plays in the supply chain.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uwm.edu\/engineering\/mass-panic-buying-uwm-awards-jang-and-otieno-100k-seed-grant-to-develop-supply-chain-model-to-help-ease-impact-of-herd-behavior\/\" \/>\n<meta property=\"og:site_name\" content=\"College of Engineering &amp; 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