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 a new editorial, Eva Lee, professor at the Georgia Institute of Technology and INFORMS Fellow, discusses the need for a universal flu vaccine, and how operations research and analytics hold the key to creating it.
CATONSVILLE, MD, June 21, 2018 – Since the first e-book platform launched in 2007, e-book sales grew to comprise 20 percent of all book sales by 2015. To ensure the increasing popularity of e-books do not undermine the success of their printed counterparts, publishers frequently delay the digital publication date for several weeks after the print edition has been released. However, new research in the INFORMS journal Management Science found that delaying the sale of the e-version of a new book does not lead to increased print sales, and can result in significantly fewer e-book sales once the digital version is made available.
The INFORMS International Conference, held for the first time this year in Taipei drew international top scholars from 25 countries around the world. Participants agreed that in addition to academic research and discussion on the latest trends, they were also impressed by the energy of Taiwan’s industry innovation and Taipei’s progress and friendliness.
Mary Beth Kurz, INFORMS member and professor with Clemson University, talks about the little things her grandfather did with her that made a huge impact on her as an engineer and as a person.
Jack Levis, INFORMS member and senior director of process management for UPS, a winner of the INFORMS Edelman Award, discusses the company’s On-Road Integrated Optimization and Navigation (ORION) system, which uses IoT technology to allow more control over its operations. This ORION system is constantly collecting information from several sources, including drivers, vehicles and packages, and data from all sources is integrated and analyzed to create a full picture of the operation. With IoT technology, UPS has cut the miles driven per year by 100 million, ultimately cutting CO2 emissions by 100,000 metric tons, using 10 million fewer gallons of fuel and saving the company $350 million to $400 million per year.
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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