Insights for Business Executives and Optimization, AI and Advanced Analytics Practitioners
Insights for Business Executives and Optimization, AI and Advanced Analytics Practitioners
This post is adapted from a teleconference for transportation and finance executives, conducted by Steve Sashihara and John Larkin of Stifel Capital Markets on January 22, 2017, and from this Fleet Owner article. I often hear analytics as just one pod, but I really think there are two types. One I call “analytics at rest” […]
In 2001 I interviewed George Dantzig, the father of linear programming, as part of a project that ILOG was doing at the time to capture the reminiscences of the recipients of the Founders Award from the Mathematical Programming Society (see page 2 of Optima 65 for a picture). Recently, the interviews were converted and transcribed […]
This post is adapted from a presentation and discussion with the New Jersey Society of CPAs (NJCPA) in October 2014. Really Valuable Time Optimization practitioners know it is not time that is valuable—it is contiguous time. Having a large chunk of time—a solid one-hour or two-hour block—is much more valuable than the same number of […]
A leading trucking company sought to improve a core business unit by integrating advanced analytics into planning and operations processes. The company retained Princeton Consultants to demonstrate how incorporating new data sources, improved algorithms and a corresponding shift in business processes will result in better economics, service, nimbleness, consistency, and transparency. Princeton Consultants interviewed key […]
This post is adapted from a presentation and discussion with the New Jersey Society of CPAs (NJCPA) in October 2014. Optimizing Inventory Management Some industries are really good at certain things. Maybe you [CPAs] can talk to client business executives and say, “You know, in the Grocery industry they have 20,000 SKUs and a profit margin […]
In 2016 I conducted a survey at the INFORMS Analytics conference in Orlando on the organization of analytics groups, and on the potential impact of current trends in the analytics landscape. ORMS Today included the summary of the results and the editor Peter Horner, added the title, “O.R. and Data Science: a Complicated Relationship,” which encapsulates […]
The Jan de Wit Company, www.jandewit.com.br, is a wholesale producer of bulb flowers in Brazil. In 2000, when the company began to consider optimization to help its production planning, it had 18,745 square meters of greenhouses, 1,032 square meters of cold-storage rooms, a team of approximately 30 employees and US$80 million in annual sales. It […]
Princeton Consultants performs a Quality Assurance service that helps clients understand if best practices are used in the deployment of their predictive analytics or optimization models. Based on years of experience deploying advanced analytics in operational systems that run 24/7, our analysis often uncovers areas for improvement by suggesting new modeling and algorithmic approaches. Practitioner executives […]
“For an MBA student, it’s very important to understand how you will encounter a problem in the real world,” says Arnie Greenland, a professor at the University of Maryland’s Robert H. Smith School of Business. “You have to excel at more than the technical side of optimization to succeed in business—you have to understand the […]
Over a year ago, I discovered a wonderful article by Hadley Wickham introducing the concept of “Tidy Data.” Here is a complete reference: Hadley Wickham, “Tidy Data”, Journal of Statistical Software, Volume 59(10), August 2014. Wickham, a major contributor to the open source R package for statistical analysis, was addressing the needs of statisticians in […]
