BALTIMORE, MD, November 12, 2024 – New research in the INFORMS journal Manufacturing & Service Operations Management is guiding the development of more inclusive and efficient electricity markets. The work demonstrates how aggregating small-scale, distributed energy resources (DERs) like solar panels can effectively balance the power of large utility companies.
During the holiday season, a late delivery can sometimes feel like the end of the world. You’ve been there: you order a highly anticipated gadget, new clothes, or a last-minute gift, only to find out that your delivery is delayed. While many blame shipping companies or delivery drivers, the true culprit often lies deeper in the supply chain — at the heart of it all: forecasting.
Catastrophic weather events, wars in Ukraine and the Middle East, trade conflicts, global pandemics—the forces disrupting supply chains are multiplying at a rate few could have anticipated.
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Naked Security, the online news room for data security company Sophos, highlighted an article in the INFORMS journal, Information Systems Research, addressing the effectiveness of system-generated computer security warnings. As much as 87% of these warnings are simply ignored, due to a combination of badly timed interruptions and our inability to multitask.
Starting with the 2000 presidential elections, INFORMS member Sheldon Jacobson, professor with the University of Illinois, and a team of fellow researchers and students, have used a combination of poll numbers, algorithms, and analysis to make a state-by-state assessment of who is most likely to be elected in the upcoming presidential and senate elections.
The Institute for Operations Research & Management Sciences (INFORMS) is hosting an Analytics Conference in Orlando in April 2016. The event is expected to bring in more than 1,000 business professionals and owners — many who specialize in analytics. Big names in business are expected to make an appearance, too. Ford's Chief Analytics Officer Paul Ballew and Uber's lead Director of Operations Research Samuel Elderesveld will both speak at the event, along with plenty of others who have helped the U.S. Army, Centers for Disease Control & Prevention, BNY Mellon, NYPD and UPS. In addition to the speakers, there will be dozens of workshops, consultations and networking opportunities. In total, there will be more that 120 events for attendees to schedule.
Georgia Perakis, INFORMS member and professor at the Massachusetts Institute of Technology, led a team of Ph.D. students, in partnership with Oracle, to develop a model approach to determining optimal promotional retail pricing. Compared to current methods, the newly developed model was able to identify the potential for between 3-10% improvement in profits.
Any investor wants an edge — knowledge about how a specific company will do. Insider trading could leave you confined in jail. Instead, take a walk out to the golf course. According to a recent report in the [INFORMS] journal Management Science, when the CEO plays too many rounds, corporate performance drops.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
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Analytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
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