Catonsville, MD (PRWEB) December 19, 2014
The Institute for Operations Research and the Management Sciences (INFORMS®) proudly announces the six finalist organizations that will compete for the 2015 INFORMS Franz Edelman Prize. The Prize is the world’s most prestigious recognition for excellence in applying advanced analytics to benefit business and humanitarian outcomes.
This year’s finalists are:
1. IBM for “Predictive Cloud Computing with Big Data: Professional Golf and Tennis Forecasting”
2. Ingram Micro for “End-to-End Business Analytics and Optimization in Ingram Micro’s Two-Tier Distribution Business”
3. LMI/Defense Logistics Agency for “Peak and Next Gen: Effective Inventory Control for Items with Infrequent or Frequent, Highly Variable Demand”
4. Syngenta for “Good Growth through Advanced Analytics “
5. U.S. Army and Sandia National Laboratories for “The Capability Portfolio Analysis Tool (CPAT): A Fleet Management and Decision Analysis Tool”
6. Saudi Arabia Ministry of Municipal and Rural Affairs for “A Pilgrim Scheduling Approach to Increase Public Safety during Hajj”
Now in its 44th year, the INFORMS Franz Edelman Prize competition recognizes outstanding examples of analytics and operations research projects that transform companies, entire industries and people’s lives. Using innovative advanced analytical methods, the teams were instrumental in helping their respective institutions make better decisions, providing a disciplined way by which management can improve organizational performance in a wide variety of situations and across both public and private organizations.
INFORMS Franz Edelman finalist teams have contributed over $210 billion in benefits to business and the public interest. The 2015 INFORMS Franz Edelman Prize finalists were chosen after a rigorous review by accomplished verifiers, all of whom have led successful analytics projects. The verifiers come from Verizon Wireless, HP, Turner Broadcasting, PriceWaterhouseCooper, SAITECH, Princeton Consultants, Carnegie Mellon University, University of Chicago, University of Maryland, and other noted organizations. Finalists are chosen on the merits of how analytics methodologies were applied to solve problems, reduce costs, or otherwise improve results in real-world environments. The 2015 Edelman Prize winner will be announced at the Edelman Gala on April 13 during the INFORMS Conference on Business Analytics & Operations Research in Huntington Beach, California. The winner will receive a $10,000 honorarium.
Past winners of the INFORMS Franz Edelman Prize include the CDC, HP, the Dutch Delta Program Commissioner, and Memorial Sloan-Kettering Cancer Center.
Additional information about the INFORMS Franz Edelman Prize and Competition, including video interviews with 2013 finalist executives, can be found online at https://www.informs.org/Recognize-Excellence/Franz-Edelman-Award.
INFORMS is the leading international association for professionals in analytics and operations research (O.R.). INFORMS advances research, and develops and promotes best practices in analytics and O.R. through collaboration, knowledge sharing, and professional development. INFORMS helps business, government, and other organization professionals make better decisions to drive value to their organizations and society. Our certification program (CAP®), highly cited publications, educational meetings and conferences, continuing education, industry and process focused networking communities, competitions, and recognition provide professionals with the knowledge and connections they need to achieve ever greater value for their organizations. Further information about INFORMS can be found online at http://www.informs.org or @informs.