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Applications for the INFORMS Prize due soon

The INFORMS Prize is awarded for effective integration of advanced analytics and operations research/management sciences (OR/MS) in an organization. The award is given to an organization that has repeatedly applied the principles of advanced analytics and OR/MS in pioneering, varied, novel and lasting ways. Organizations in the public and private sectors are eligible. Applications for the 2018 INFORMS Prize are due by Dec. 1, 2017.

The contribution will be judged relative to the impact advanced analytics and OR/MS has had on the overall success of the organization. Thus, a multi-billion-dollar firm that has a large analytics/OR/MS staff but integrates analytics/OR/MS techniques only occasionally might be ranked relatively lower than a small firm that uses analytics/OR/MS throughout its business. The award is given primarily based on the impact that analytics/OR/MS has had on the success of the firm.

The award is presented at the INFORMS Conference on Business Analytics & Operations Research held in the spring. More than one award may be presented in a given year, or if no suitable application is submitted, the INFORMS Prize Committee may choose not to award the prize.

The award is presented to a key executive in charge of analytics/OR/MS activities within the organization. Outside contractors to a candidate organization are not eligible, unless a proven, dedicated relationship exists over a prolonged time period between the vendor and the client organization. In this case, the client organization and vendor will be co-recipients of the prize, presented to appropriate executives of both organizations.

Previous winners (or co-winner if part of a vendor-client award recipient) may not re-apply for the award within 10 years. This recognizes the balance between the INFORMS Prize being a lifetime achievement award and that organizations evolve and change over time. This also serves to restrict a vendor from winning multiple years due to a different vendor-client relationship being represented.

Applications shall be made by means of a submission packet that provides a description of the analytics/OR/MS activities performed and the effect these activities had on the economic (or other) well-being of the organization.

Applications should include:

  1. A summary description (one to three pages) of the scope scale and impact of analytics/OR/MS activities in the organization;
  2. More detailed descriptions (one page each) of two to three major analytics/OR/MS projects and their impact. Projects must include substantiated, quantifiable results on costs, profits, market share or other measures meaningful to the overall performance of the firm; and
  3. Letters of support and appreciation for analytics/OR/MS methodology, studies and projects from senior executives in the organization. A list of publications, prizes, etc., of the members of the team may also be included.

Applications should be submitted to the Prize Committee chair, preferably by e-mail, in a single .zip or .pdf-formatted file, by Dec. 1.

Committee chair: Tarun Mohan Lal, Mayo Clinic, Rochester, MN 55905 USA; voice: +1 507-266-9842; e-mail: mohanlal.tarun@mayo.edu

 

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UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

2017 Winter Simulation Conference (WSC 2017)
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CAP® Exam computer-based testing sites are available in 700 locations worldwide. Take the exam close to home and on your schedule:


 
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