Past Awards
2002
INFORMS Elected Fellows:
Awardee(s)
1985
Franz Edelman Award:
Winner(s)
Winning material:
Weyerhaeuser Decision Simulator Improves Timber Profits
Citation:
The VISION decision simulator was developed to implement dynamic-programming-based improvements in raw materials returns at Weyerhaeuser. Operational benefits to date exceed $100 million in increased profits. In addition, management philosophy has been changed, and, with the recent weakening in forest product markets, VISION benefits have increased in importance.