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August 16, 2018
August 16, 2018
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Model Review Helps Remsoft, a Global Leader in Optimized Asset Management, Improve Platform Performance

Leaders of Remsoft, which provides optimized planning and scheduling for land-based assets, sought to eliminate performance issues that were impacting in-house and client-side users of their software. Attempts to uncover the root causes, which were inhibiting solutions for a growing category of business problems, had been unsuccessful for several years. Ultimately, their identification and correction […]

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March 19, 2018
March 19, 2018
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Next-Generation Revenue Forecasting and the Importance of Collaboration

A revenue forecasting system we delivered for a publicly traded North American multimodal transportation company, summarized in a case study on this page, is noteworthy for many reasons. In this post, we focus on the collaboration throughout the project that helped the business team build confidence in changing forecasting processes from a manually intensive methodology […]

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February 8, 2018
February 8, 2018
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Recognizing the Essential Components of Optimization Solutions

The optimization solutions that we design and deliver typically consist of these components: an information technology (IT) system that consists of a database management system (DBMS), a data transport/communication layer to an optimization model, an optimization user interface, and some model diagnostics. The IT system and the DBMS serve as the system of record and […]

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October 18, 2017
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The Princeton Optimization Implementation Verification Methodology

Princeton Consultants has implemented software systems embedding mathematical optimization for many years. We recently documented our methodology to verify that the implementation is satisfactory. We term this the Princeton Optimization Implementation Verification Methodology (POIVM). Through this cyclical 4-phase methodology, diagrammed below, we verify the robustness and reliability of optimization-based software systems, while enabling ongoing improvements […]

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August 29, 2017
August 29, 2017
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Reassessing the Gaps between the Teaching and Practice of Advanced Analytics

As another school year begins, I thought it worth revisiting the snapshot survey Princeton Consultants conducted at the INFORMS Annual Meeting in Philadelphia in 2015. We asked advanced analytics professors, students and practitioners about tools and approaches. The survey was designed to compare the responses of these three groups about optimization solvers and modeling languages, […]

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