The Franz Edelman Award for Achievement in Operations Research and the Management Sciences recognizes excellence in the execution of operations research on the organizational level.
The Franz Edelman Award for Achievement in Operations Research and the Management Sciences recognizes excellence in the execution of operations research on the organizational level.
The award is presented annually by the Institute for Operations Research and the Management Sciences (INFORMS).
The international competition pits six teams from industry, government, healthcare, and the non-profit sectors. The competition takes place at the INFORMS Business Analytics Conference and concludes with the announcement of the winner at a gala dinner at the conference. It began in 1971 as the TIMS Prize and was named for Franz Edelman, the operations research director of RCA, shortly after his death in 1982. It carries a cash award of $10,000. Since its inception, nearly $250 billion in benefits have been tabulated among Franz Edelman Award finalist teams. Following the competition, INFORMS publishes papers by the Edelman finalists in the January issue of the INFORMS journal Interfaces. [1]
Management science is a wide and interdisciplinary study of solving complex problems and making strategic decisions as it pertains to institutions, corporations, governments and other types of organizational entities. It is closely related to management, economics, business, engineering, management consulting, and other fields. It uses various scientific research-based principles, strategies, and analytical methods including mathematical modeling, statistics and numerical algorithms and aims to improve an organization's ability to enact rational and accurate management decisions by arriving at optimal or near optimal solutions to complex decision problems.
Jeppesen is an American company offering navigational information, operations planning tools, flight planning products and software. Jeppesen's aeronautical navigation charts are often called "Jepp charts" or simply "Jepps" by pilots, due to the charts' popularity. This popularity extends to electronic charts, which are increasingly favored over paper charts by pilots and mariners as mobile computing devices, electronic flight bags, integrated electronic bridge systems and other display devices become more common and readily available.
Revenue management (RM) is a discipline to maximize profit by optimizing rate (ADR) and occupancy (Occ). In its day to day application the maximization of RevPAR is paramount. It is seen by some as synonymous with yield management.
HP SPaM is an internal consulting group that supports HP businesses on mission-critical strategic and operation decisions. As evidenced by its publications and awards, SPaM has been a prominent example of the deployment and practice of OR/MS in large companies. Together with HP Labs, SPaM represents HP at the INFORMS Roundtable, a group of organizations whose purpose is to promote OR/MS excellence in practice.
INFORMS Journal on Applied Analytics is a bimonthly peer-reviewed academic journal about operations research that was established in 1970 under the title Interfaces by The Institute of Management Sciences, now part of the Institute for Operations Research and the Management Sciences. The journal has a case-study style: it offers examples of how operations research theory has been applied in businesses and organizations.
Fred Glover is Chief Scientific Officer of Entanglement, Inc., USA, in charge of algorithmic design and strategic planning for applications of combinatorial optimization in quantum computing. He also holds the title of Distinguished University Professor, Emeritus, at the University of Colorado, Boulder, associated with the College of Engineering and Applied Science and the Leeds School of Business. He is known for his innovations in the area of metaheuristics including the computer-based optimization methodology of Tabu search an adaptive memory programming algorithm for mathematical optimization, and the associated evolutionary Scatter Search and Path Relinking algorithms.
Anna Nagurney is an American mathematician, economist, educator and writer in the field of Operations Management. Nagurney is the Eugene M. Isenberg Chair in Integrative Studies in the Isenberg School of Management at the University of Massachusetts Amherst in Amherst, Massachusetts. Previously, she held the John F. Smith Memorial Professorship of Operations Management at the Isenberg School of Management from 1998 to 2021.
AIMMS is a prescriptive analytics software company with offices in the Netherlands, United States, and Singapore.
Alexander (Lex) Schrijver is a Dutch mathematician and computer scientist, a professor of discrete mathematics and optimization at the University of Amsterdam and a fellow at the Centrum Wiskunde & Informatica in Amsterdam. Since 1993 he has been co-editor in chief of the journal Combinatorica.
Sridhar R. Tayur is an American business professor, entrepreneur, and management thinker. He is university professor of operations management and Ford Distinguished Research Chair at the Tepper School of Business, Carnegie Mellon University, and the founder of SmartOps Corporation and OrganJet Corporation.
Steve Sashihara is an American business consultant and author who writes about optimization, business process improvement and IT-driven innovation. He is the president and CEO of Princeton Consultants, which he co-founded in 1980 after graduating from Princeton University.
Cynthia Barnhart is an American civil engineer and academic who has been serving as provost of the Massachusetts Institute of Technology since March 2022. She previously served as the Institute's chancellor from 2014 to 2021.
Andrew Armacost is the 13th and current president of the University of North Dakota, and a retired brigadier general in the United States Air Force. He previously served as the dean of the faculty of the United States Air Force Academy.
Aurelie or Aurélie Thiele is a French engineering and decision-making professor. She is an associate professor in the engineering management and information and systems department at the Lyle School of Engineering of Southern Methodist University.
Laura Albert is a professor of Industrial and Systems Engineering at the University of Wisconsin-Madison in the College of Engineering. Albert is an expert in Operations Research, specializing solving and modeling discrete optimization problems arising from applications in homeland security, disaster management, emergency response, public services, and healthcare.
David Simchi-Levi is an American academic working as a Professor of Engineering Systems at Massachusetts Institute of Technology. He is also the founder or co-founder of several companies. Simchi-Levi's research focuses on supply chain management, revenue management, and business analytics.
Karla Leigh Hoffman is an American operations researcher, and the former president of the Institute for Operations Research and the Management Sciences. She is a professor of systems engineering and operations research in the Volgenau School of Engineering of George Mason University. Her research has focused on practical applications of operations research and optimization to problems including transportation scheduling, airport landing slot allocation, spectrum auctions, and telecommunications budgeting.
Subodha Kumar is an Indian American business school researcher and educator and a board member. He is known for his work on web advertising, social media, healthcare, analytics, and disruptive technologies. He is the Paul R. Anderson Distinguished Chair Professor of Statistics, Operations, and Data Science at the Fox School of Business, Temple University. He founded the Center for Business Analytics and Disruptive Technologies at Temple University and directs the Ph.D. Program in Operations and Supply Chain Management.
Guillermo Gallego is an American data scientist, academic and author. He is the Liu Family Emeritus professor at Columbia University, the Crown Worldwide Professor Emeritus at The Hong Kong University of Science and Technology and is the X.Q. Deng Presidential Chair Professorship at The Chinese University of Hong Kong, Shenzhen.
Yonghong Chen is a Chinese-American operations researcher and electrical engineer who works as a chief scientist at the National Renewable Energy Laboratory in Golden, Colorado. Her research involves the application of mathematical optimization to market design and operations of electric power transmission.