A new facial selection technique can enhance ad effectiveness by 15% and generate $5 billion in additional US automotive sales, researchers say. The method automates the subjective process of selecting faces for ads.
The LGO program is a two-year dual degree program that prepares students to be good practitioners of operations research through a combination of technical skills and soft skills training. The program's emphasis on practical training, including a six-month internship at an industry partner company, has earned it international recognition.
The ENTEGA team won the award for its ECO tool, which optimizes sales and profit targets by integrating data from price comparison sites. The tool resulted in a 30% decrease in selling costs compared to their current approach.
The Mayo Clinic has been recognized for its effective integration of operations research into organizational decision-making, leading to improved patient outcomes and financial savings. The organization's use of advanced analytics and operations research has been instrumental in addressing healthcare challenges.
The CDC won the 2014 Franz Edelman Award for its collaboration with Kid Risk, Inc. to combat remaining polio pockets globally using analytics and operations research. The award recognizes the impact of this work on the polio eradication program over the last decade.
Researchers find open collaboration is likely to expand into new areas, displacing traditional organizations. The study explains how open collaboration operates and succeeds even in harsh environments.
Yedioth Group won the Daniel H. Wagner Prize for its analysis that reduced print magazine delivery costs by using sophisticated analytics and math modeling. The team developed a pooling model of delayed distribution, enabling dramatic reductions in production and return levels while maintaining sales.
The Institute for Operations Research and the Management Sciences (INFORMS) has presented 12 new Fellows, acknowledging their groundbreaking contributions to analytics, operations research, and management science. The recipients include experts in education, healthcare, research, and service to INFORMS.
Michel Balinski has made significant contributions to linear and nonlinear optimization, as well as electoral decisions and voting systems. His work has had direct practical application in several countries and is recognized as having the highest scientific excellence.
INFORMS President's Award recognizes Arthur Geoffrion's impact in optimization theory, mentoring and teaching OR/MS professionals. He is a former president of INFORMS and TIMS, and has authored over 60 scholarly papers.
The Naval Postgraduate School has won the 2013 UPS George D. Smith Prize for its effective and innovative preparation of students to be good practitioners of operations research. The prize recognizes the school's strong link to the US Department of Defense and its focus on applying methods to solve problems facing the military.
The Dutch Delta Program Commissioner won the 2013 INFORMS Edelman Award for his work on preventing flooding using operations research techniques. The project resulted in €7.8 billion less investment costs while strengthening the country's defense against devastating floods.
Ford was recognized by INFORMS for its widespread use of analytics and operations research to drive business success. The company's application of advanced analytical methods has transformed it into a data-driven organization, supporting strategic and tactical decisions across multiple departments.
A recent study finds that Fortune 1000 companies using marketing analytics see an average 8% increase in return on assets, with potential gains of $70-180 million in net income. The research highlights the key role of management support and analytics skills in successful marketing analytics deployments.
The US Coast Guard and USC's Viterbi School of Engineering developed the PROTECT system, which uses quantal response theory to model unpredictable adversary behavior. The system has been successfully deployed in Boston and is undergoing testing at New York, showing improved results over human-generated patrolling strategies.
The INFORMS Impact Prize recognizes the development of five key algebraic modeling languages that translate mathematical models into computer language, enhancing optimization applications. The prize highlights the impact of these systems on industries such as production, logistics, and engineering.
The Institute for Operations Research and the Management Sciences (INFORMS) has presented 12 new Fellows Awards to analytics leaders for their outstanding contributions to education, management, research, service, and practice. The recipients include experts from academia and industry who have made significant impacts in various fields.
A new study by Arnold Barnett finds that subway and rail commuters are twice as likely to be killed in a terrorist attack as frequent flyers. The risk is even higher per mile traveled, with subways being ten times more deadly than air travel.
The Tauber Institute at University of Michigan is the first winner of the INFORMS UPS George D. Smith Prize, recognizing its effective and innovative preparation of students in operations research. The institute provides interdisciplinary education uniting engineering and business, preparing students for top-level practice.
TNT Express won the 2012 Franz Edelman Award for its successful application of operations research to modernize its operations and reduce its carbon footprint. This led to significant operational benefits, including €207 million in savings between 2008 and 2011.
A former Army colonel argues that improving supply chain alignment can help the Defense Department reduce costs by tens of billions of dollars. The Institute for Operations Research and the Management Sciences (INFORMS) conference highlights the use of advanced analytics and operations research to address pressing military challenges.
The Institute for Operations Research and the Management Sciences (INFORMS) awarded Intel the Daniel H. Wagner Prize for its innovative use of analytics and operations research to optimize product design and scheduling, resulting in improved business processes and overall profit optimization.
A new INFORMS study proves that mathematical models of hepatitis B interventions are cost-effective and have saved millions of lives. The models verified the effectiveness of screening, treating, and vaccinating millions of Asian and Pacific Islander adults in the US and millions of children in China.
A team at Georgia Tech developed an operations research model that helped CARE International pick three locations worldwide to supply relief quickly to victims of earthquakes, floods, and other natural disasters. The model considered capacity constraints and recommended a gradual roll-out plan, enabling CARE to reduce response time, pr...
The INFORMS journal has announced a special issue on using logistics and analytics to improve responses to disasters and health crises. The studies featured include pre-positioning of emergency items, optimizing schedules for maritime humanitian cooperative engagements.
A new study published in INFORMS Journal found that online consumers are willing to pay a premium for purchases from vendors with clear and protective privacy policies. In an experimental study, participants were more likely to buy from high-privacy sites than low-privacy sites, with an average additional payment of $0.59 for batteries.
Patients on online rating sites tend to avoid low-rated physicians and overstate their negative experiences. The study suggests these biases can provide more accurate information about low-quality doctors but are less reliable for high-quality ones.
Jack Levis, INFORMS Vice President and Director of Process Management at UPS, led his team to win the 2011 Gartner Business Intelligence Excellence Award. The award recognizes UPS's successful implementation of business intelligence and advanced analytics to improve operational efficiency and customer service.
Midwest ISO's energy market designs and launch led to significant value creation through improved reliability and efficiencies, with estimated savings of $2.1-$3.0 billion from 2007-2010 and potentially up to $8.1 billion by 2020.
Stephen Barrager, a management science guru, survived acute multiple myeloma by applying engineering and management science principles. He developed the 'Cancer Quarterback' and 'Decision Coach' models to help patients navigate treatment options and communicate with doctors more effectively.
A study in Organization Science found that analysts discount African American managers' qualifications if they graduated from prestigious universities, while accepting the same qualifications for white managers. The effect is significant even when controlling for financial performance and accomplishments.
A study by Maurice Levi, Kai Li, and Feng Zhang finds that high testosterone levels in CEOs negotiating mergers and acquisitions are associated with a higher rate of dropped deals and increased hostile takeover attempts. Younger CEOs with high testosterone levels tend to reject low offers, even if it's against their interest.
Passengers in developing countries face a 13 times higher risk of being killed in an air accident than those in First World countries. The study also reveals that even the most economically advanced developing-world countries have seven times the death risk per flight as First World countries.
A new study by INFORMS suggests that persuading influential medical centers to adopt electronic medical records can accelerate the adoption of these systems among neighboring hospitals. The research found that targeting well-known, larger, and older hospitals in densely populated regions can significantly increase the rate of adoption.
The prize-winning budgeting model aims to optimize annual marketing budgets across selected country-product-activity clusters, considering marketing dynamics and product growth potential. The model was developed by Marc Fischer and Sönke Albers for Bayer Healthcare AG in five European markets.
New research reveals that auditors' concern for their reputation can lead to inaccurate reporting of company fraud. The study finds that long-term relationships between auditing firms and clients can increase the likelihood of such misreporting.
A new study by Professors Sunil Mithas and Henry C. Lucas, Jr., published in Management Science, found that firms paying higher wages to foreign IT professionals do not depress the salaries of American colleagues. Instead, this practice may actually benefit US companies by leveraging a culturally diverse workforce.
Indeval, Mexico's Central Securities Depository, won the INFORMS Edelman Award for implementing an operations research-based engine in its Securities Settlement System (SSS). The system settles over $250 billion daily and reduces liquidity requirements by 52%.
Six finalists from various organizations will compete for the prestigious Franz Edelman Award, recognizing outstanding operations research-based projects that transform companies and industries. The winner will receive a $10,000 honorarium.
A study in Organization Science finds that securities analysts prefer incumbent companies' hybrid products that combine old and new technologies, ignoring their attempts to develop new ones. This bias may harm these companies as they struggle to compete with emerging technologies.
A new study in Organization Science journal suggests that securities analysts' reluctance to recommend investment in new technologies can harm veteran companies. The researchers found that analysts prefer strategies that extend existing technologies over those that directly respond to new technology, with negative implications for mana...
A new INFORMS study proposes incentivizing shippers to take on more port security responsibilities, reducing the burden on the federal government. This shift could lead to cost savings and improved security measures in the supply chain.
A new study found that CEO charismatic visions can lead to poor decisions by financial analysts and investors. Analysts who follow firms with high CEO charisma are more likely to make forecasting errors, which can impact stock prices and investor outcomes.
Research by Stylianos Kavadias and Svenja C. Sommer suggests that brainstorming techniques are more effective when participants from different specialties collaborate to develop simpler products. The study found that in highly technical products, specialists work individually before collaborating through 'nominal' groups.
A study published in Management Science found that presenting small gains alongside large losses can improve decision-making by reducing mental pain. The 'Silver Lining Effect' suggests that people prefer separating positive and negative information to mitigate the impact of loss, with more pronounced effects for larger losses.
The study found that internet retailers can successfully compete with brick-and-mortar stores by focusing on niche products. The researchers recommend that online retailers vary their product offerings based on geographic locations and promotional strategies to target specific consumer groups.
The Institute for Operations Research and the Management Sciences (INFORMS) has awarded 11 new Fellows, recognizing their contributions to education, practice, research, and service in operations research. The recipients include experts in fields such as nonlinear programming, healthcare, marketing science, and revenue management.
Researchers found that focused hospitals deliver lower quality care to randomly assigned patients, measured by higher mortality rates. They also experience longer average lengths of stay for these patients. This suggests patient selectivity is a key driver of the superior outcomes seen at specialty hospitals.
A new study by Management Insights suggests that Iraq veterans may be experiencing a PTSD rate of up to 35%, doubling the expected rate due to delayed onset and subsequent deployments. The Institute for Operations Research and the Management Sciences calls for increased mental health resources to care for returning troops.
A new study in Operations Research journal highlights the difficulty of defeating insurgent groups like the Taliban, citing the crucial role of timely and accurate military intelligence. The model shows that even good intelligence may only contain the insurgency, not defeat it, and that the government's best option is to achieve a cont...