The Institute for Operations Research and the Management Sciences (INFORMS) today announced six finalists that will compete for the 2007 Franz Edelman Award for Achievement in Operations Research and the Management Sciences.
Mark Doherty, Executive Director of INFORMS made the announcement at a ceremony honoring Warner Robins Air Force Logistics Center, which won the 2006 Edelman Award Competition.
The winner of the Franz Edelman competition will be announced at a special awards banquet during the INFORMS Conference on O.R. Practice in Vancouver from April 29-May 1. http://meetings.informs.org/Practice07/
Every 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 help make better decisions and is a disciplined way by which management can improve organizational performance in a wide variety of situations, in nearly any type of organization in the public or private sector.
Past Franz Edelman finalists have included Travelocity, whose Enterprise Network Model yielded over $40 million in connection with its travel website; IBM; Merrill Lynch; and, on the non-profit side, 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 Doherty. "For the last 36 years we've recognized the best work in the discipline and many of our award winners have proved transformative."
Ranging widely in industry and geographic origin, the 2007 Franz Edelman finalists are:
2. The U.S. Coast Guard, for "Maximizing Aircraft Availability by Managing Aircraft Mainte