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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INFORMS, the leading international association for operations research and analytics professionals, announced that both the U.S. Air Force and The Walt Disney Company have received the 2017 INFORMS Prize for their pioneering and enduring integration of operations research (O.R.) and analytics programs into their organizations.
INFORMS, the leading international association for operations research and analytics professionals, has awarded the U.S. Air Force Academy its 2017 UPS George D. Smith Prize for its operations research (O.R.) program, which prepares its graduates to become frontline O.R. practitioners as analysts in the Air Force.
INFORMS Fellow William Cook, of the University of Waterloo, calculated the best route for visiting 50,000 sites across America from the National Register of Historic Places. Traveling by foot via the shortest route, which stretches 100 times the length of the Appalachian Trail, it would take 50 years to visit each site.
With the number of natural disasters doubling globally since the 1980s, a team lead by INFORMS Fellow Anna Nagurney are researching a novel new way to improve disaster response efforts: game theory.
New research by INFORMS member Burak Kazaz, of the Martin J. Whitman School of Management at Syracuse University, shows a wine distributor can significantly improve its profits by investing in wine futures, in addition to bottled wine. The study's numerical analysis demonstrates an approximate 21 percent profit improvement, a benefit that increases as the wine distributor's degree of risk aversion increases. This study will be published in the INFORMS journal of Manufacturing & Service Operations Management.
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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