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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In this day and age, if you miss a live broadcast of your favorite program or awards show, it’s no big deal. You can record it and watch it later … and with that, fast-forward, pause or rewind.
Once again, a deadly outbreak of the Ebola virus disease is spreading throughout parts of Africa, mostly in the northern provinces of the Democratic Republic of Congo (DRC).
Applebee's, Olive Garden, Outback Steakhouse, and Chili's have all introduced tablets across their stores, while others, notably TGI Fridays and Chuck E. Cheese, have employed tablet tech for servers to directly send customer orders to the kitchen. BJ's Restaurants is testing pre-ordering via an app for its dine-in service at several of its stores this year.
Like Kenny Rogers' gambler, who has to "know when to hold 'em, know when to fold 'em," banks face financial risks and uncertainty when deciding when to chase consumers who default on their credit card payments and when to let them go.
As cannabis becomes legalized in more states across the U.S., many researchers are trying to measure the outcome of the new laws and cultural practices. In a study upcoming in the INFORMS journal Marketing Science, a team of researchers used internet search data to evaluate the effect of marijuana legalization on both adults and youth. "Asymmetric Effects of Recreational Cannabis Legalization” found that the new laws on cannabis affected searches for alcohol and tobacco differently, and that young people had different search patterns than adults.
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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