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Six organizations vie for INFORMS 'science of better' innovation prize

The six finalists competing to win the 2005 Franz Edelman Award for Achievement in Operations Research and the Management Sciences show a marked contrast in the ways that a major sports enterprise, an Asian university, and four major corporations approach innovation in the 21st century.

The finalists, announced last month by the Institute for Operations Research and the Management Sciences (INFORMS), are the Athens 2004 Olympic Committee, Eli Lilly General Motors, Nanzan Educational Complex, Procter & Gamble, and Swift & Co. The annual contest highlights innovations in organizations that are profit and non-profit, in the U.S. and across the world, and frequently identifies new trends in business and government. This is the 34th year of the prestigious competition, which has recognized techniques that have changed our technical and business landscape. Operations Research, known as the "science of better," is the discipline of applying advanced analytical methods to help make better decisions.

The 2005 finalists will compete in Palm Springs for the Franz Edelman Award, which is presented by INFORMS and CPMS, the Practice Section of INFORMS. The Edelman competition takes place Monday, April 18. The winner will be announced Tuesday, April 19. Descriptions of this year'TMs finalists follow.

  • The ATHENS 2004 Organizing Committee for the Olympic Games (ATHOC): The 2004 Olympic Games brought together a daunting 10,862 athletes, 16,524 media representatives, and 3.6 million ticket holders. Anticipating an enormously complex planning challenge, the Committee, working with the Athens University of Economics and Business and The Manchester University, created a new approach, appropriately named "PLATO." PLATO helped ATHOC use a systematic, rational, repeatable method; evaluate key resource requirements rather than relying on past examples; and become a more agile organization that evaluated alternative solutions to emerging proble
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  • Contact: Barry List
    barry.list@informs.org
    443-757-3560
    Institute for Operations Research and the Management Sciences
    5-Apr-2005


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