Data scientists from PROS, the revenue and profits realization company, showcased the new application of operations research methodology for the airline industry at the AGIFORS Revenue Management Conference.
Following business models similar to those of AirBnB and Uber, libraries are beginning to allow people to check out useful items.
“Economy-wide, there is significant waste associated with these cheaper items, as they tend to be poorly maintained and frequently replaced,” [INFORMS member] Saif Benjaafar said. “The concept of Library of Things has the potential of significantly reducing such waste.”
INFORMS and Syngenta named a team from Stanford University as the winners of the inaugural Syngenta Crop Challenge in Analytics. Their entry, “Hierarchy modeling of soybean variety yield and decision making for future planting plan,” received the $5,000 prize at the INFORMS Conference on Business Analytics and Operations Research.
At the INFORMS 2016 Conference on Business Analytics and Operations Research, UPS was presented the Franz Edelman Award for its ORION project.
“What does ORION do? It’s basically prescriptive analytics for UPS’ 55,000 drivers in the United States (the international rollouts will come soon). Instead of following the same route every day, ORION analyzes the packages to be delivered that day and determines an optimal routing for the ‘package cars.’ The drivers are told where to go next by their handheld computers.”
The O.R. Society investigates the possibility of providing INFORMS’ Certified Analytics Professional (CAP) certifications to its members and the U.K.’s O.R. community and provides positive feedback.
Ashley Smith
Public Affairs Coordinator
INFORMS
Catonsville, MD
[email protected]
443-757-3578
An audio journey of how data and analytics save lives, save money and solve problems.
On Jan. 21, OpenAI launched the $500 billion Stargate Project with partners like Arm, Microsoft, NVIDIA, and Oracle. This initiative aimed to secure American AI leadership, create jobs, and boost the economy. Initially, this boosted the stock prices of these companies.
The telecom industry is at a pivotal crossroads, and the only choice forward for telcos is to pursue innovation without the fear of failure. Telcos must be willing to capitalize on emerging technologies and shifting market dynamics that will soon dominate the future telecom landscape. Three areas, in particular, telcos should begin investing in and exploring (if they haven’t already) include:
Health insurance has become necessary, with large and unpredictable health care costs always looming before each of us. Unfortunately, the majority of people have experienced problems when using their health insurance to pay for their medical care. Health insurance serves as the buffer between patients and the medical care system, using population pooling to mitigate the risk exposure on any one individual.
Tariffs could raise the cost of medical care and prescription drugs for people in the U.S.
President Donald Trump on Monday fired another volley in his ongoing trade war, announcing 25% tariffs on steel and aluminum imports and canceling exemptions and duty-free quotas for major suppliers.
A groundbreaking new study in the INFORMS journal Transportation Science reveals the severe and far-reaching consequences of Russia’s full-scale invasion of Ukraine on global food security. The research highlights an urgent need to address disruptions in the transportation of Ukrainian grains, which have caused dramatic price spikes and worsened food insecurity worldwide, particularly in vulnerable regions such as the Middle East and North Africa.
Billionaire investor Mark Cuban's question to Representative Matt Gaetz, a Florida Republican, on energy costs took off on social media on Saturday.
Florida lawmakers have banned wind turbines off its shores and near the coast, saying the bill is meant to protect wildlife and prevent noise.