Felipe Caro, Ph.D.

Anderson School of Management,

University of California, Los Angeles

110 Westwood Plaza, Suite B420, CA 90095, U.S.A.

Phone: (310) 206-0416, Fax: (310) 206-3337

Email: felipe.caro (at) anderson.ucla.edu




2005 – Present

UNIVERSITY OF CALIFORNIA, LOS ANGELES. Anderson School of Management. Associate Professor with tenure (promoted March 2013).



1999 – 2001

UNIVERSITY OF CHILE. Industrial Engineering Department, Santiago, Chile. Full-time Instructor with teaching and research responsibilities.




2001 – 2005

MASSACHUSETTS INSTITUTE OF TECHNOLOGY. Ph.D. in Operations Management, Sloan School of Management, Cambridge, U.S.A.



1993 – 1999

UNIVERSITY OF CHILE, Faculty of Physics and Mathematical Sciences, Santiago, Chile.




Industrial Engineer, September 1999 (graduated with Highest Honors).


B.Sc. in Engineering, October 1998 (graduated with Highest Honors).



Awards and Distinctions

·        2015 MSOM Meritorious Service Award (received also in 2010, 2012 & 2014).


·        2014 ENRE Best Publication Award in Natural Resources.


·        2013 Eric and "E" Juline Faculty Excellence in Research Award.


·        2013 ecch Production & Operations Management Award and New Case Writer Award.


·        2013 MSOM Best Paper Award, Finalist.


·        2012 EURO Excellence in Practice Award, Finalist.


·        2010 INFORMS Junior Faculty Interest Group Paper Competition, First Prize.


·        2010 Revenue Management and Pricing Practice Award, Finalist.


·        2009 Franz Edelman Laureate.


·        2008 Deloitte Consulting Award for Management Field Study Achievement.


·        2007 Robbins Assistant Professor Teaching Award.


·        2004 MSOM Student Paper Competition, Finalist.


·        2001 MIT Presidential Fellowship, Massachusetts Institute of Technology.


·        1999 Best Industrial Engineering Graduate, University of Chile. Awarded by the Chilean School of Engineers.



Articles Published / Forthcoming

·        Blanco, C., F. Caro, C. Corbett. 2016. An Inside Perspective on Carbon Disclosure. Business Horizons forthcoming.


·        Blanco, C., F. Caro, C. Corbett. 2016. The State of Supply Chain Carbon Footprinting: Analysis of CDP Disclosures by US Firms. Journal of Cleaner Production 135 1189-1197.


·        Caro, F., A. Das Gupta. 2015. Robust Control of the Multiarmed Bandit Problem. Annals of Operations Research, DOI: 10.1007/s10479-015-1965-7.


·        Caro, F., V. Martínez-de-Albéniz, P. Rusmevichientong. 2014. The Assortment Packing Problem: Multiperiod Assortment Planning for Short-Lived Products. Management Science 60(11) 2701-2721.


·        Caro, F., V. Martínez-de-Albéniz. 2014. How Fast Fashion Works: Can It Work for You, Too? IESE Insights 21 58-65.


·        Caro, F., C. Corbett, T. Tan, R. Zuidwijk. 2013. Double-Counting in Supply Chain Carbon Footprinting. Manufacturing & Service Ops. Management 15(4) 545-558.


·        Caro, F., V. Martínez-de-Albéniz. 2013. Operations Management in Apparel Retailing. Boletín de Estadística e Investigación Operativa 29(2) 103-116.


·        Caro, F., J. Gallien. 2012. Clearance Pricing Optimization for a Fast-Fashion Retailer. Operations Research 60(6) 1404–1422.


·        Caro, F., K. Rajaram, J. Wollenweber. 2012. Process Location and Product Distribution with Uncertain Yields. Operations Research 60(5) 1050-1063.


·        Caro, F., V. Martínez-de-Albéniz. 2012. Product and Price Competition with Satiation Effects. Management Science 58(7) 1357-1373, First Prize in 2010 INFORMS Junior Faculty Interest Group Paper Competition.


·        Caro, F., D. Simchi-Levi. 2012. Optimal Static Pricing for a Tree Network. Annals of Operations Research 196(1) 137-152.


·        Epstein, R., M. Goic, A. Weintraub, J. Catalán, P. Santibáñez, R. Urrutia, R. Cancino, S. Gaete, A. Aguayo, F. Caro (corresponding author). 2012. Optimizing Long-Term Production Plans in Underground and Open Pit Copper Mines. Operations Research 60(1) 4-17. Lead article and 2014 ENRE Best Publication Award in Natural Resources.


·        Caro, F., J. Gallien, M. Díaz, J. García, J.M. Corredoira, M. Montes, J.A. Ramos, J. Correa. 2010. Zara Uses Operations Research to Reengineer Its Global Distribution Process. Interfaces 40(1) 71–84.


·        Caro, F., J. Gallien. 2010. Inventory Management of a Fast-Fashion Retail Network. Operations Research 58(2) 257–273. Lead article and featured on journal website.


·        Caro, F., O.S. Yoo. 2010. Indexability of Bandit Problems with Response Delays. Probability in the Engineering and Informational Sciences 24(3) 349-374. [Index Tables].


·        Caro, F., V.  Martínez-de-Albéniz. 2010. The Impact of Quick Response in Inventory-Based Competition. Manufacturing & Service Ops. Management 12(3) 409-429. [Appx]. Finalist in 2013 MSOM Best Paper Award.


·        Caro, F., J. Gallien. 2007. Dynamic Assortment with Demand Learning for Seasonal Consumer Goods. Management Science 53(2) 276-292. Finalist in 2004 MSOM Student Paper Competition.


·        Caro, F., T. Shirabe, M. Guignard, A. Weintraub. 2004. School Redistricting: Embedding GIS Tools with Integer Programming. The Journal of the Operational Research Society 55(8) 836-850.


·        Caro, F., M. Constantino, I. Martins, A. Weintraub. 2003. A 2-Opt Tabu Search Procedure for the Multi-Period Forest Harvesting Problem with Adjacency, Green-up, Old Growth and Even Flow Constraints. Forest Science 49(5) 738-751.


·        Caro, F., R. Andalaft, X. Silva, A. Weintraub, P. Sapunar, M. Cabello. 2003. Evaluating the Economic Cost of Environmental Measures in Plantation Harvesting Through the Use of Mathematical Models. Production & Operations Management 12(3) 290-306.



Articles Under Review / In Progress

·        Caro, F., P. Chintapalli, K. Rajaram, C.S. Tang. Improving Supplier Compliance Through Joint and Shared Audits. Under review, second round submission.


·        Blanco, C., F. Caro, C. Corbett. Operational Response to Climate Change: Do Profitable Carbon Abatement Opportunities Decrease Over Time? Under review, first round submission.


·        Caro, F., V.  Martínez-de-Albéniz. Managing Online Content to Build a Follower Base. Working paper, in preparation for submission.


·        Caldentey, R., F. Caro. Dynamic Assortment Planning. Working paper, in preparation for submission.


·        Caro, F. Coordination of Inventory Distribution and Price Markdowns for a Fast-Fashion Retailer. Working paper, in preparation for submission.


·        Caro, F., A. Saez De Tejada Cuenca. Unauthorized Subcontracting in the Apparel Industry: An Empirical Analysis. Work in progress.



Book Chapters and Proceedings

·        Caro, F., V. Martínez-de-Albéniz. 2015. Fast Fashion: Business Model Overview and Research Opportunities. In Retail Supply Chain Management: Quantitative Models and Empirical Studies, 2nd Edition, Narendra Agrawal and Stephen A. Smith (Editors), Springer, New York, NY.


·        Caro, F., V.  Martínez-de-Albéniz. 2009. The Effect of Assortment Rotation on Consumer Choice and Its Impact on Competition. In Consumer-Driven Demand and Operations Management, S. Netessine, C.S. Tang (Editors), Springer Science+Business Media, doi:10.1007/978-0-387-98026-3_3.


·        Caro, F., J. Catalán, R. Epstein, M. Goic, P. Santibáñez, A. Weintraub, F. Azócar, J. Castillo, S. Gaete, H. Menares. 2007. Long Term Optimization of Investment and Production Plans In Open-Pit and Underground Copper Mines. In Proceedings of the 33rd International Symposium on Application of Computers and Operations Research in the Mineral Industry (APCOM 2007), E. J. Magri (ed.), Santiago, Chile, 351-360.


·        Caro, F., J. Gallien. 2005. Dynamic Assortment with Demand Learning for Short Life-Cycle Consumer Goods. Manufacturing & Service Ops. Management 7(1) 94-97. Extended Abstracts Winners MSOM Student Paper Competition.


·        Epstein, R., F. Caro, J. Catalán, P. Santibáñez, A. Weintraub, S. Gaete. 2003. Optimizing Long Term Planning for Underground Copper Mines. In Copper 2003: Volume I – Plenary Lectures, Economics and Applications of Copper. G.E. Lagos, M. Sahoo, J. Camus (Eds.), Santiago, Chile, 265-278.



Other Publications

·        The 1st POMS Applied Research Challenge 2014 Awards. Production and Operations Management 24(3) 359-368.


·        Zara: Staying Fast and Fresh. 2012. UCLA Anderson case [sample page] and teaching note. Recipient of the Production & Operations Management award and the New Case Writer award in The Case Centre competition 2013.


·        Zara Uses Operations Research to Reengineer Its Global Distribution Process. 2009. Franz Edelman Award finalist video (45min).


·        Investigación Operativa y el Medioambiente. 2005. Revista Ecogen 3 7-8, Universidad Central, Santiago, Chile.


·        Dynamic Assortment Models with Demand Learning for Seasonal Consumer Goods. 2005. Ph.D. dissertation, Sloan School of Management, Massachusetts Institute of Technology, Cambridge, MA.



Invited Seminars

·        Harvard Business School, Boston, April 18, 2016.


·        INSEAD, Singapore, April 8, 2016.


·        Leavey School of Business, Santa Clara University, March 7, 2016.


·        Amazon - Supply Chain Optimization Technologies, Seattle, January 27, 2016.


·        Johnson Graduate School of Management, Cornell University, November 13, 2015.


·        Columbia University, Graduate School of Business, September 22, 2015.


·        Cornell Tech, New York, April 13, 2015.


·        Koton, Istanbul, Turkey, February 9, 2015.


·        Yale School of Management, November 20, 2014.


·        Tuck School of Business, Dartmouth College, October 17, 2014.


·        Gap Inc., San Francisco, September 30, 2014.


·        Mays Business School, Texas A&M University, February 21, 2014.


·        Universidad Adolfo Ibánez, Escuela de Negocios, Santiago, Chile, January 6, 2014.


·        Li & Fung Limited, Fung Academy, Hong Kong, August 22, 2013.


·        RWTH Aachen University, School of Business and Econ., Germany, July 7, 2013.


·        UC San Diego, Rady School of Management, July 18, 2013.


·        UC Riverside, Anderson Graduate School of Management, June 3, 2013.


·        MIT Sloan School of Management, May 6, 2013.


·        University of Washington, Foster School of Business, April 26, 2013.


·        USC Marshall School of Business, October 26, 2012.


·        Northwestern University, Kellogg School of Management, October 24, 2012.


·        Oracle Retail Science Group, October 4, 2012.


·        Koç University, KUMPEN Forum Retail Conference, Istanbul, Turkey, May 18, 2012.


·        New York University, Stern School of Business, November 2, 2011.


·        Carnegie Mellon University, Tepper School of Business, October 28, 2011.


·        UC Irvine, Paul Merage School of Business, October 26, 2011


·        Duke University, Fuqua School of Business, October 14, 2011.


·        Stanford, Graduate School of Business, May 18, 2011.


·        UNC Kenan-Flagler Business School, Junior Faculty Research Roundtable, April 9, 2011.


·        University of Michigan, Ross School of Business, March 18, 2011.


·        UC Berkeley, Haas School of Business, October 29, 2010.


·        Washington University at St. Louis, Olin School of Business, September 24, 2010.


·        The Wharton School at UPenn, invited seminar for PhD class, February 25, 2010.


·        La Polar, Santiago, Chile, November 19, 2009.


·        UT Austin, McCombs School of Business, September 18, 2009.


·        INSEAD, Fontainebleau, May 22, 2009.


·        Falabella, Santiago, Chile, January 8, 2009.


·        Columbia University, Graduate School of Business, November 4, 2008.


·        New York University, Stern School of Business, October 3, 2008.


·        Universidad de Chile, Rocket Science in Retail Workshop, Santiago, Chile, June 19, 2008.


·        The Wharton School at UPenn, October 30, 2007.


·        Zara, Arteixo, Spain, July 7, 2005.


·        INSEAD, Fontainebleau, March 10, 2005.


·        UNC Kenan-Flagler Business School, Feb 14, 2005.


·        University of Maryland, Robert H. Smith School of Business, February 11, 2005.


·        New York University, Stern School of Business, February 8, 2005.


·        University of Chicago, Graduate Business School, February 3, 2005.


·        MIT Sloan School of Management, October 18, 2004.


·        École Centrale Paris, Laboratoire Génie Industriel, Paris, France, June 28, 2004.



Select Media Mentions (links might need subscription)

·        Why China doesn’t mind being left out of the TPP USA Today 9-Oct-2015 USA.


·        American Apparel's resistance to fast fashion is futile Financial Times 7-Oct-2015 USA.


·        Leaving China out of the TPP is a terrible mistake Fortune 6-Oct-2015 USA.


·        Predict clothes that sell well now and manufacture fast Chosun Daily 29-Aug-2015 Korea.


·        Faster fashion: If a trend comes, we need it under a week The Guardian 7-Apr-2015 UK.


·        Fast fashion: Accurate information key to success Just-style.com 6-Oct-2014 USA.


·        Fast fashion: The choice to air freight, or wait Just-style.com 6-Oct-2014 USA.


·        Zara's fast-fashion edge Businessweek 14-Nov-2013 USA.


·        Macy’s the latest retailer to open on Thanksgiving The Washington Times 28-Oct-2013 USA.


·        Zara: las claves y dudas tras el éxito Portafolio Retail - Diario Financiero 2-Apr-2013 Chile.


·        Not made in the USA: losing out on Olympic clothing NBC Los Angeles 8-Aug-2012 USA.


·        Fast fashion shifts supply chain focus Just-style.com 2-Jul-2012 USA.


·        Speed to market breaks down fashion barriers Just-style.com 2-Jul-2012 USA.


·        El chileno detrás de las liquidaciones que aplica Zara La Tercera 23-Jan-2011 Chile.


·        El profesor chileno que "usó" a Zara como laboratorio El Mercurio 27-Dec-2009 Chile.


·        Felipe Caro: el chileno que asesora a Zara desde EE.UU El Mercurio 20-Jan-2008 Chile.


·        Zara adopts distribution optimization system Senken Shimbun 25-Dec-2007 Japan.


·        Les mathématiques ont dopé les ventes des magasins Zara Le Figaro 26-Nov-2007 France.



Professional Activities

·        Member of INFORMS, the MSOM Society, and the POM Society.


·        Retail Operations Department Editor, Production and Operations Management, 2014-.


·        Senior Editor, Production and Operations Management, 2010-.


·        Associate Editor, Manufacturing & Service Ops. Management, 2015-.


·        Invited Associate Editor, Special Issue on Practice-Focused Research, Manufacturing & Service Ops. Management, 2014.


·        The Case Centre USA Board of Directors, 2015-.


·        INFORMS Publications Committee, 2015-.


·        POMS Applied Research Challenge, competition chair, 2013-.


·        POMS Wickham Skinner Teaching Achievements Award Committee, 2015.


·        MSOM Student Paper Competition co-chair, 2013.


·        MSOM Supply Chain Special Interest Group conference chair, 2011.


·        Ad-hoc referee for Management Science, Operations Research, Manufacturing & Service Operations Management, Production and Operations Management, Naval Research Logistics, Annals of Operations Research, IIE Transactions and the European Journal of Operational Research.



Conference Presentations (partial list)

1.      “Static Pricing for a Network Service Provider”

·        INFORMS Annual Meeting, Atlanta GA, October 2003.


2.      “Dynamic Assortment with Demand Learning for Seasonal Consumer Goods”

·        INFORMS Annual Meeting, Denver CO, October 2004.


3.      “The Impact of Quick Response in Inventory-Based Competition”

·        INFORMS Annual Meeting, San Francisco CA, November 2005.

·        POM Annual Conference, La Jolla CA, May 2008.

·        MSOM Conference, Maryland MD, June 2008.

·        CLAIO Conference, Cartagena de Indias, Colombia, September 2008.


4.      “Inventory Management of a Fast-Fashion Retail Network”

·        POMS Annual Conference, Dallas TX, May 2007.

·        COER Conference, Harvard University, May 2007.

·        OR/OM Day, UC Irvine, May 2007.

·        MSOM Conference, Beijing, China, June 2007.

·        INFORMS International Conference, Puerto Rico, July 2007.


5.      “Long-Term Optimization Planning in Open-Pit and Underground Copper Mines”

·        INFORMS International Conference, Puerto Rico, July 2007.

·        INFORMS Annual Conference, Seattle WA, November 2007.


6.      “Dynamic Assortment Planning,”

·        POMS Annual Conference, La Jolla CA, May, 2008.

·        IFORS Triennial Conference, Johannesburg, South Africa, July 2008.

·        MSOM Conference, Haifa, Israel, June 2010.

·        INFORMS Annual Conference, Austin TX, November 2010.


7.      “Clearance Pricing Optimization for a Fast-Fashion Retail Network”

·        CLAIO Conference, Cartagena de Indias, Colombia, September 2008.

·        COER Conference, Harvard University, May 2009.

·        Revenue Management Conference, Northwestern University, June 2009.

·        MSOM Conference, Boston MA, June 2009.

·        INFORMS Annual Conference, San Diego CA, October 2009.

·        EURO Conference on OR, Vilnius, Lithuania, July 2012.

8.      “Strategic Assortment Rotation”

·        MSOM Conference, Boston MA, June 2009.

·        INFORMS Annual Conference, San Diego CA, October 2009.


9.      “Zara Uses Operations Research to Reengineer its Global Distribution Process”

·        INFORMS Practice Conference, Phoenix AZ, April 2009.

·        INFORMS Annual Conference, San Diego CA, October 2009.

·        Translog Workshop, Reñaca, Chile, December 2009.


10.   “Innovation in Assortment Planning: Dynamic Models”

·        Conference for Innovation in Operations, London Business School, June 2010.


11.   “Reaching Out to Practitioners: Doing Applied Research”

·        POMS Annual Conference, Supply Chain Mini-conference, May 2011.


12.   “Coordination of Inventory Distribution and Price Markdowns at Zara”

·        IFORS Triennial Conference, Melbourne, July 2011.

·        POMS Annual Conference, Chicago, April 2012.

·        INFORMS Annual Conference, Phoenix AZ, October 2012.


13.   “Carbon-Optimal and Carbon-Neutral Supply Chains”

·        MSOM Conference, Ann Arbor, June 2011.

·        INFORMS Annual Conference, Phoenix AZ, October 2012.


14.   “The Assortment Packing Problem”

·        INFORMS Annual Meeting, Charlotte NC, November 2011.

·        MSOM Conference, New York, June 2012.

·        POMS Annual Conference, Denver CO, May 2013.


15.   “Adoption of a Markdown Decision Support System at Zara”

·        POMS Annual Conference, Atlanta, May 2014.

·        INFORMS Annual Meeting, San Francisco CA, November 2014.


16.   “Managing Online Content to Build a Follower Base”

·        Supply Chain Analytics Workshop, UC Berkeley, October 2015.

·        INFORMS Annual Meeting, Philadelphia PA, November 2015.

·        COER Conference, Wharton at UPenn, June 2016.

·        MSOM Conference, University of Auckland, New Zealand, June 2016.



University Service

·        UCLA Anderson Staffing Committee, non-voting member, 2008.


·        UCLA Academic Senate Legislative Assembly 2007-2009.


·        DOTM PhD Program Coordinator, 2009-2013.


·        DOTM Colloquium Series Coordinator, 2006-2009, 2014-.


·        Easton Technology Leadership Program, faculty advisory board member, 2011–.


·        UCLA Anderson Staffing Committee, 2013-2015.


·        UCLA Anderson MS in Business Data Analytics, committee chair, 2015-.



Miscellaneous Information

·        Teaching: Operations and Technology Management (MBA core class), Global Supply Chain Management (MBA elective), Dynamic Programming (PhD class), Excel for MBAs (orientation workshop).


·        Contributor to the UCLA Anderson Global Supply Chain Blog.



Los Angeles, September 9, 2016