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New Research Showcases Pivotal Shift Toward Energy Democracy
News Release

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.

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What Trump's win means for retail giants like Walmart, Target, and Costco
Media Coverage

Donald Trump's return to the White House is likely to usher in sweeping changes that affect retailers such as Walmart, Target, and Costco — from new tariffs to tax cuts and a new regulatory environment.

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A New Light at Intersections Could Help Louisiana Traffic Flow
Media Coverage

NEW ORLEANS, La. (KPEL News) - Louisiana intersections might one day look different, with the familiar red, yellow, and green lights potentially gaining a new color: white.

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Can Improving Forecast Accuracy Address Our Demand Planning Woes?

Can Improving Forecast Accuracy Address Our Demand Planning Woes?

Logistics Viewpoints, August 4, 2022

If “the forecast is always wrong,” is improving forecast accuracy even the solution to our demand planning woes? In times that continue to defy our ability to predict them, the words of famous statistician George Box have never been more right: “All models are wrong, but some are useful.” So what can we do to make models more useful? Artificial intelligence and machine learning (AI/ML) can improve forecast accuracy, but a bigger problem is the failure to set accurate expectations around forecasting models, not the accuracy of the models themselves. For supply chains to get more use from their models, we need to “trust the box;” recognize that models are not the holy grail; and remember that a forecast is an input into making better decisions, not an end in and of itself.

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