According to a recent article titled “Thomson Holidays automates online pricing adjustments” written by Ian Grant and published on ComputerWeekly.com, a new automated pricing system has been developed and is being used by Thomson Holidays, the UK’s biggest tour operator, to maximize their revenue.
This type of OR system is not new, especially to airline companies. [...]
Thomson Holidays Uses OR to Automate Pricing
February 18th, 2008 · No Comments · Airline, E-Business
Tags: Airline·E-Business·Industrial Engineering·Management Science·Management Sciences·MS·Operational Research·Operations Research·OR·ORMS·Systems Engineering
Making Good Decisions with Good Data
February 5th, 2008 · No Comments · General, Health, Off Topic
In his passionate talk, Dr. Hans Rosling tried to debunk the myths about economic and health issues in developing countries using state-of-the-art animation software developed by his foundation - Gapminder. The software, named Trendalyzer, converts boring data such as global income and health distribution into lively animations. Although the topic of his talk was not [...]
Tags: Analysis·Data·Gapminder·Health·Industrial Engineering·Management Science·Management Sciences·Operational Research·Operations Research·Rosling·Systems Engineering·Trendalyzer
The Hidden Contribution of Operations Research to Holiday Fun
January 29th, 2008 · No Comments · Scheduling
When tourists are having good times, they rarely wonder if there is a unique group of people who do scientific research day after day just to ensure that their trips go smoothly and are as hassle-free as possible. These people, known as Operations Research (OR) specialists, make hidden contributions to the world by making everyday [...]
Tags: Industrial Engineering·Management Science·Management Sciences·MS·Operational Research·Operations Research·OR·ORMS·Scheduling·Systems Engineering
Operations Research and Hockey - What Are the Odds?
January 27th, 2008 · No Comments · Sports
With his love for hockey and the purpose of motivating his students, the Management Science (MS) professor Armann Ingolfsson at the University of Alberta School of Business developed a computer model to calculate the probability of which teams should make the NHL playoffs this year, and which should fail to do so.
His results indicate that [...]
Tags: Hockey·Industrial Engineering·Management Science·Management Sciences·MS·Operational Research·Operations Research·OR·ORMS·Sports·Systems Engineering
Operations Research and E-business - Mutual Impacts
January 23rd, 2008 · No Comments · E-Business
A special issue of Interfaces named “Operations Research in the E-Business Era” published several years ago included a number of journal articles on the applications of Operations Research (OR) in e-business. The issue delivered a simple but important message: OR plays a critical role in the digital economy. I have always been interested in the [...]
Tags: E-Biz·E-Business·Industrial Engineering·Management Science·Management Sciences·MS·Operational Research·Operations Research·OR·ORMS·Systems Engineering
Four British Universities Unite to Boost Operations Research
January 22nd, 2008 · No Comments · General
According to Innovations Report, four British universities, Lancaster, Nottingham, Cardiff and Southampton, are brought together by a £12 million initiative named LANCS to boost Operational Research (OR) in the UK. The LANCS initiative is supported with a Science and Innovation Award from the Engineering and Physical Sciences Research Council (EPSRC), which is the main UK [...]
Tags: Industrial Engineering·Management Science·Management Sciences·MS·Operational Research·Operations Research·OR·ORMS·Systems Engineering
Operations Research in the Airline Industry
January 22nd, 2008 · No Comments · Airline, Scheduling
I found this video on the iTunes store. It is a recording of Dr. Tuell Green’s talk on the applications of Operations Research (OR) in the airline industry. Dr. Green earned a Ph.D. in OR from University of North Carolina and worked with American Airlines in Texas. He specializes in Applied Probability in Queuing Theory. [...]
Tags: Airline·Industrial Engineering·Management Science·Management Sciences·MS·Operational Research·Operations Research·OR·ORMS·Scheduling·Systems Engineering
The OR Personality
January 20th, 2008 · 1 Comment · General, OR History
An article titled “Model World: The Hidden Ingredient and Nature vs. Nurture” written by Dr. Saul I. Gass at the Decision and Information Technologies Department at University of Maryland was published on the current issue of Interfaces. In the article the author talked about what makes an individual the “OR type” of person by telling [...]
Tags: Industrial Engineering·Management Science·Management Sciences·MS·Operational Research·Operations Research·OR·ORMS·Systems Engineering
The Minimization of the Amount of Packaging Materials Used in Consumer Products
January 19th, 2008 · 3 Comments · Environment, Optimization, Proposals
On Jan 15, 2008, the annual trade show Macworld Conference & Expo was held in San Francisco, where the CEO of Apple Inc., Steve Jobs, introduced a new product called “Macbook Air“, which is an ultra-portable laptop. During his keynote speech, he mentioned that the retail packaging of Macbook Airs is 56% less in volume [...]
Tags: Industrial Engineering·Management Science·Management Sciences·Minimization·MS·Operational Research·Operations Research·Optimization·OR·ORMS·Systems Engineering
Professor Leon Lasdon on the Importance of Operations Research
January 13th, 2008 · No Comments · Scheduling
Here is a great video of a professor discussing the importance of Operations Research.
Leon Lasdon, a professor in the Information, Risk, and Operations Management department at the McCombs School of Business at The University of Texas at Austin, discussed the importance of operations research (OR) as an element of corporate decision making Oct. 16 during [...]
Tags: Industrial Engineering·Management Science·Management Sciences·MS·Operational Research·Operations Research·Optimization·OR·ORMS·Scheduling·Systems Engineering