Professor Caro joined the UCLA Anderson School of Management in 2005. His main research interests are related to decisions made under uncertainty with a strong emphasis on practical applications. In his PhD dissertation at MIT, he developed analytical models with demand learning for the dynamic assortment problem faced by fast-fashion retailers. This led to an ongoing collaboration with the Spanish apparel retailer Zara that made him a Franz Edelman Laureate in 2009. On the theoretical side, his work on product and price competition with satiation effects won the first prize in the 2010 INFORMS Junior Faculty Paper Competition. Some of his current research projects include carbon allocation in supply chains, coordination of pricing and inventory decisions, forecasting and exploration versus exploitation problems.
Prior to receiving his PhD, Professor Caro worked as an instructor at the Industrial Engineering Department of the University of Chile. He taught courses in Optimization, Dynamic Programming and Stochastic Processes, and worked on research projects involving natural resources, mostly in the forestry and copper industries. He continues to collaborate on a permanent basis with his colleagues in Chile.
At the UCLA Anderson School, Professor Caro teaches the MBA core course on operations and technology management, and doctoral level courses on stochastic models in operations management. In 2007, he was awarded the George Robbins Assistant Professor Award that distinguishes excellence in teaching at the UCLA Anderson School.
Operations and Technology Management (Mgmt 410), Global Supply Chain Management (Mgmt 240F), Dynamic Programming (PhD).
Zara: Staying Fast and Fresh (2012)
This case has been prepared for class discussion and it covers the most recent developments at Zara. The case and its teaching note are available at www.ecch.com reference numbers 612-006-1 and 612-006-8. Winner of the Production & Operations Management award and the New Case Writer competition in the ecch Case Awards 2013. A sample page is available