Operations Research & Management Science Today: News

April 19, 2006 - Volume 1, Number 1

Current News

The Price of Managerial Neglect
New method finds cost of failing to improve a company's supply chain or other process.
What does it cost a company when a manager neglects to improve a supply-chain or other manufacturing process over a three-year period? According to conventional management wisdom, such sins of omission are commonplace but difficult, if not impossible, to quantify in dollars and cents. (read more)

Make Me a Match
Algorithm optimizes paired kidney donations.
Some patients who require kidney transplants are lucky enough to find close relatives or friends willing to make organ donations. About a third of the time, however, the donor's blood type isn't a good match, or another incompatibility interferes. It could end there, but a handful of hospitals now support paired kidney donations. In these cases, a donor and recipient who are incompatible with each other are matched with their "mirror image" — another pair with the opposite incompatibility. The idea is that the first donor gives to the second recipient, while the second donor gives to the first recipient. (read more)

Expert Analysis to Improve Public Safety
Teams of experts and strategic recommendations will benefit police and citizens of Denver.
Last December, Denver Mayor John Hickenlooper unveiled a multi-pronged approach to improving public safety as part of his ongoing commitment to crime control and more effective police operations.

The plan includes the retention of internationally recognized police management and crime reduction consultants to identify strategies for crime reduction and police effectiveness, a concurrent systems analysis of patrol and investigative operations by the U.S. Air Force Academy, and the creation of a staff position to help the Denver Police Department implement these strategies and enhance data collection and analysis. (read more)

Does 1+1=Terror?
Using math models to calculate risks.
George Habash, a militant and former secretary-general of the Popular Front for the Liberation of Palestine, once characterized terrorism as a "thinking man's game." Using mathematics, researchers at Stanford University's Center for International Security and Cooperation (CISAC) have made fighting terrorism a thinking man's game as well. (read more)

Be a Hero, Hug a Terrorist
Researchers investigating physics of a belt-bomb blast reach some unexpected conclusions.
If you're a police officer armed with a handgun, what should you do if you confront a suicide bomber on a crowded street? Shoot to kill, preferably in the head, as the International Association of Police Chiefs recommended this year? Fire shots into the air to cause people near the bomber to scatter or hit the deck, as the association recommended last year? Point your gun at the bomber and tell the crowd to slowly back away, based on countless TV and movie scripts? (read more)

Buried Treasure
Merrill Lynch uses operations research to unlock hidden profits by optimizing cash flow and measuring liquidity risk.
Merrill Lynch's Treasury group dominated Treasury & Risk Management magazine's10th annual Alexander Hamilton Awards, winning the top prize for Overall Excellence as well as gold awards for Cash Management and Corporate Finance and a silver citation in the Insurance category.

Russ Stein, treasurer of Merrill Lynch & Co., accepted the awards at the Alexander Hamilton Best Practices Summit in New York City. (read more)

Top 100 Business School Research Rankings
University of Pennsylvania's Wharton School again first in 2006 results.
The University of Texas at Dallas (UTD) School of Management recently released the 2006 results of its ongoing study that ranks the top 100 business schools on the basis of the research productivity of their faculties.

The research rankings of the top five business schools are unchanged from their 2005 positions, both worldwide and in North America. They are the Wharton School at the University of Pennsylvania in first place, followed in order by the Harvard Business School, the Leonard N. Stern School of Business at New York University, the Columbia Graduate School of Business and the Sloan School of Management at MIT. (read more)

'Global' Optimization
Special issue of OR/MS Today highlights international intrigue from the wide world of operations research.
OR/MS Today, the magazine of membership of the Institute for Operations Research and the Management Sciences (INFORMS, see http://www.informs.org/), recently published its annual "Special International Issue" focusing on interesting applications of operations research from around the world. (read more)

INDUSTRY NEWS

Solver Platform SDK 7.0 Extends Simulation, Support Capabilities
Frontline Systems is shipping Version 7.0 of its Solver Platform SDK, featuring new support for 64-bit Windows, 32-bit and 64-bit Linux, Visual Studio 2005, Microsoft .NET 2.0 and MATLAB, and significant enhancements to its Monte Carlo simulation capabilities. Trial versions are available for download from www.solver.com. (read more)

ILOG CPLEX 10 Offers Industry-First Features
ILOG announced the latest version of its optimization software, ILOG CPLEX 10. With new industry-first features, ILOG CPLEX 10 is designed to help businesses find answers to their most difficult problems, including meeting demands for complex planning and scheduling with speed and accuracy. New breakthrough features include a "Conflict Refiner" debugging tool, which can quickly find and correct inaccuracies in any mathematical model, and a "Solution Polishing" algorithm that provides a range of alternatives for solving the most difficult business operations problems. Other enhancements include significant performance improvements that deliver solutions 35 percent faster; 70 percent faster on particularly complex models, giving organizations more time for "what-if" analysis and scenario comparison. (read more)

LINGO 10.0 Faster, More Powerful
LINDO Systems has begun shipping a faster, more powerful release of LINGO. LINGO 10 includes a number of new features that extend the functionality of the modeling language as well as several enhancements that boost the speed of the underlying solvers. (read more)

Manugistics, StatPoint End Licensing Partnership
Following the release of STATGRAPHICS Centurion XV, Manugistics Group Inc. and StatPoint Inc. announced that they have mutually decided to end their longtime licensing partnership. Since 1984 Manugistics has managed the sales, marketing and support of the STATGRAPHICS product line, while StatPoint has been responsible for development of the statistical software. StatPoint will now be solely responsible for all aspects of the product. Also announced is the release of the company's latest product into the statistical analysis software marketplace — STATGRAPHICS Mobile, the first sophisticated statistical software available for handheld devices. (read more)

Additional OR/MS Today News

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