INFORMS Video Library showcases 2017 award finalists
Participants in the 2017 INFORMS Business Analytics Conference in Las Vegas last month had the opportunity to experience real-world case studies of a full spectrum of analytics in action, including the finalists for many of the INFORMS-sponsored awards. For those who missed the award presentations, videos of this year’s award finalists are now available at the INFORMS Video Library.
The 2017 Franz Edelman Award finalists embraced analytics to enhance processes, save money and improve lives in a variety of applications from healthcare to mining operations. Holiday Retirement, winner of the 2017 Franz Edelman Award, leveraged an advanced revenue management algorithm to completely revolutionize the pricing model for its more than 300 senior living communities across the country.
As for the other finalists: American Red Cross developed a new collection model that increased the amount of donated blood that can be collected and processed. High-tech screen production company Barco used product development platforms to reduce costs and improve its portfolio. As it expanded its mining portfolio, BHP Billiton used a new model to realize millions in additional project value. General Electric partnered with Norfolk Southern Railroad to implement a novel movement-planning algorithm to dispatch trains over a large rail network. The New York City Department of Transportation created a new off-hour deliveries schedule for businesses in the city that improves safety and sustainability.
The Innovative Applications in Analytics Award (IAAA) finalists for 2017 used analytics to create novel solutions that were applied to unique, new areas. The winner of the 2017 award, Turner Broadcasting System, Inc., developed new models to provide targeted ad content to viewers.
As for the other finalists: Construction machinery manufacturer Caterpillar Inc. combined a supply network model with past and present data on dealers, customers and suppliers in order to increase situational awareness of any emerging issues and improve profits. The London School of Economics explored how to revitalize abandoned railway lines and accompanying buildings, applying its findings to recently abandoned railway lines in Northern Italy.
The winner of the 2017 UPS George D. Smith Prize, the U.S. Air Force Academy, was recognized for the unique and exciting opportunities its students have to interact with industry representatives in preparation to become frontline O.R. practitioners as analysts in the Air Force.
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