Each year, the Franz Edelman competition recognizes outstanding examples of Operations Research (O.R.)-based projects that have transformed companies, entire industries and people's lives. O.R. uses advanced analytical methods to make better decisions and is a disciplined way to improve almost any business situation in nearly any type of organization in the public or private sector. Past Franz Edelman winners have included General Motors, which used O.R. to save more than $2 billion through improved productivity at 30 assembly plants in 10 countries, and a team from the city of New Haven and Yale who won for preventing AIDS through an innovative needle exchange program.
"O.R. is more important today than at any time since it first came to prominence during World War II," said Mark Doherty, Executive Director, INFORMS. "For the last 35 years we've recognized the best work in the discipline and many of our award winners have proved transformative. For example, pricing policies known as revenue or yield management pioneered by Franz Edelman Award-winner American Airlines have become the norm. Each of these finalists lives up to that standard."
Ranging widely in industry and geographic origin, the 2006 Franz Edelman finalists are: Animal Health Institute and Cox Associates; The US Commercial Aviation Partnership, comprising Airports Council International - North America, Air Transport Association, Department of Homeland Security, Department of Transportation, The Boeing Co
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Contact: Barry List
barry.list@informs.org
443-757-3560
Institute for Operations Research and the Management Sciences
3-Apr-2006