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

rtunities, and build long-term supplier relationships. The technology provides a win-win, with suppliers benefiting, as well.

  • Swift & Co., working with Aspen Technology, brought operations research models to yet another industry, improving their beef cutting scheduling and order committing capabilities, thus adding 13% to their bottom-line profits. An integrated system of 45 linear programming models using three separate model formulations allows Swift & Company to dynamically schedule beef fabrication operations at five plants in real time as orders are received. This scheduling and capable-to-promise application has made Swift & Company a supplier of choice while providing a 200% ROI in its first year of production.

    The Edelman Award recognizes outstanding implemented operations research that has had a significant, positive impact on the performance of a client organization. The top finalist receives a $10,000 first prize. Last year, Motorola and Emptoris were recognized for achieving increased productivity and reduced costs at the electronics manufacturer. Previous winners include Continental Airlines, Canadian Pacific Railroad, and Sabre Decision Technologies.

    The 2005 competition is being held at an INFORMS conference, "Applying Science to the Art of Business," which takes place at The Westin Mission Hills Resort in Rancho Mirage near Palm Springs, California from April 17-19. Information about the conference is online at http://informs.org/Conf/Practice2005

    The finalist papers will be published in the January, 2006 issue of the INFORMS publication Interfaces. Recent Edelman finalists can be viewed at www.scienceofbetter.org.


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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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