INFORMS in the News
Room upgrade can increase hotel profits up to 35 percent
Standby upgrade programs are an innovative way for hotels to increase annual revenue by as much as 35 percent while also filling frequently unused premium rooms, creating awareness for unique room features, and improving guest satisfaction and loyalty. However, new research in an upcoming edition of the INFORMS journal Manufacturing & Service Operations Management finds that the success of a standby upgrade program is directly tied to the type of guests who frequent the hotel, and the types and quantity of rooms available.
Operations Research Analyst ... stress free career?
According to CareerCast's 2017 Job Stress report, which analyzes 11 factors that impact job stress levels, Operations Research Analyst is listed among the least stressful jobs for 2017.
Operations Research Analyst named among top jobs of 2017
U.S. News & World Report, the global authority in rankings and consumer advice, has unveiled their list of the 2017 Best Jobs, with Operations Research Analyst included among the top 5 best business jobs.
INFORMS presents award for best publication in the natural sciences
Dr. Lewis Ntaimo, associate professor in the Department of Industrial and Systems Engineering at Texas A&M University, former Ph.D. student Julian Gallego-Arrubla, and Curt Stripling of the Texas A&M Forest Service, have been selected for this year’s INFORMS Section on Energy, Natural Resources and the Environment (ENRE) best paper publication.
Uncertainty in blood supply chains creating challenges for industry
INFORMS member and professor with the University of Massachusetts, Amherst, Anna Nagurney discusses the uncertainty facing blood supply chains, currently a multi billion dollar industry, due to a decrease in demand, and the positive impact supply chain analytics tools can have moving forward.
INFORMS member contributions selected for "40 Under 40"
Vice President of Business Analytics of Regal Entertainment Group and INFORMS member Matt Carr was selected for the Knoxville Sentinel's top "40 Under 40" for his role in helping Regal grow from being a company without a formalized analytics group to one that makes decisions and pursues strategies based on actionable data analysis.
In bots we distrust
In an upcoming issue of the INFORMS journal Management Science, a study conducted by three business professors explores a phenomenon called “algorithm aversion,” which is an irrational distrust of computer algorithms, despite their ability to outperform humans on many tasks, from selecting baseball recruits to diagnosing illness.
There may be an ‘obesity effect’ on your investments
Your physical attributes could have an impact on your participation in financial markets, according to a study of nearly 40,000 people entitled “Stature, Obesity and Portfolio Choice” recently published in the INFORMS journal Management Science. “Specifically, we find that individuals who are relatively tall and of normal weight are more likely to hold stocks in their financial portfolios,” the authors found. The relationship is one of correlation rather than causation, as is often the case with such studies, and experts point to a far more complex relationship between lower income families, access to education and, often times, more expensive fresh food.
A better way for policymakers to win over constituents
A new Management Science study, "When Do People Prefer Carrots to Sticks? A Robust 'Matching Effect' in Policy Evaluation," suggests that by understanding how people evaluate policies, marketers and policymakers can better frame and improve acceptance rates.
"For a policy to succeed, it must not only be effective in changing behavior, it must also be accepted by stakeholders," says co-author Ellen Evers, of UC Berkeley's Haas School of Business. "Therefore it is crucial to understand how different descriptions of the exact same policy can lead to dramatically different rates of acceptance."
Watch your Assets!
INFORMS President Ed Kaplan provides input on the importance of business owners recognizing the value of their data, and that the more it is used in decision-making, the greater the impact.
"Getting owners to see that data can drive new efficiencies and effectiveness, challenging others in the organization to produce quality information, and seeking and seizing opportunities to make improvements--even in areas that one wouldn't typically consider--can be challenging, but it will also have the greatest return on investment," said Kaplan.
Tech @ Work explores Editor's Cut on Healthcare
Dean of the Owen Graduate School of Management at Vanderbilt University and Vice President of Publications for INFORMS, Eric Johnson is the curator of “INFORMS Editor’s Cut: Healthcare in the Age of Analytics,” a website that pools research papers and articles as well as podcasts and videos examining how the use of data is changing the provision of and the policies behind health care.
Use of privacy controls on Facebook depends on user
According to a new study in the INFORMS journal Information Systems Research, even though online social platforms are offering several privacy controls to users, it depends on the user how to use them making privacy a debatable issue. Using data obtained from Facebook researchers tested the relationship between privacy controls and disclosure patterns of Facebook users based on two popular content-sharing activities: Wall posts and private messages. The study found people have different views on the value of privacy controls in managing disclosures, and therefore privacy dangers.
E-commerce platforms should focus on sellers, not buyers
A new study to be published in the INFORMS journal Marketing Science explores the relationship between buyers and sellers on e-commerce platforms, and which has a greater impact on the platform's growth.
UNCW to offer Business Analytics degrees
Businesses in every sector are facing new challenges in managing and analyzing data, which requires a specific approach and unique set of quantitative skills. The Institute for Operations Research and Management Science (INFORMS) defines this specific approach as business analytics that facilitate the understanding of business objectives through reporting of data to analyze trends, creating predictive models for forecasting and optimizing business processes for enhanced performance. The Information Systems and Operations Management department in the Cameron School of Business is soon introducing a new concentration in business analytics as a response to the increasing demand from industries for students with the knowledge and skills in this area.
Inaugural volunteer service award presented during INFORMS Annual Meeting
Anna Nagurney, the John F. Smith Memorial Professor of Operations Management at the Isenberg School of Management, received the inaugural Distinguished Service Award from the Institute of Operations Research and the Management Sciences (INFORMS) at the society's annual meeting in Nashville, Tenn., Nov. 16. The award was established to recognize INFORMS members who have given their time and expertise to serve the community of INFORMS, the largest society for professionals in operations research, management science, and analytics.
INFORMS Koopman Prize presented to Penn State graduate students
Three Penn State industrial engineering graduate students, along with a recent industrial engineering alumnus, were named awardees of the prestigious Koopman Prize by the Institute for Operations Research and the Management Sciences (INFORMS). The prize, named after Bernard Koopman, a founding father of military operations research, is awarded annually to recognize outstanding publications in military operations research.
Do Facebook's privacy controls impact user behavior?
Despite the widespread popularity of online social network platforms, privacy remains a troublesome issue. A new study from the Naveen Jindal School of Management. The researchers used data obtained from Facebook to test the relationship between privacy controls and disclosure patterns of Facebook users based on two popular content-sharing activities: wall posts and private messages. assesses the impact of Facebook’s granular privacy controls and its effects on user disclosure behavior.
Founder of leading software company received INFORMS Impact Prize
Robert Phillips, founder of Nomis Solutions, a software company that applies cutting edge approaches to big data, advanced modeling, and deep analytics, was awarded the INFORMS Impact Prize. This award is presented every other year to individuals whose contributions include either an idea or technique that is widely used or a widespread methodology.
INFORMS Distinguished Fellow Award presented to University of Washington professor
The Information Systems Society of INFORMS presented its 2016 Distinguished Fellow Award was presented to Yong Tan, the Neal and Jan Dempsey Professor of Information Systems at the University of Washington Foster School of Business. This award recognize individuals who have made outstanding intellectual contributions to the information systems discipline.
UCSD professor awarded the INFORMS John von Neumann Theory Prize
UCSD professor of mathematics Ruth Williams on Tuesday night was awarded the prestigious John von Neumann Theory Prize, given annually by the Institute for Operations Research and the Management Sciences, for her pioneering research on the theory and applications of “stochastic networks and their diffusion approximations.” Williams, who holds the Charles Lee Powell Endowed Chair in Mathematics, shared the award with Martin Reiman of Columbia University’s department of industrial engineering and operations research. Both researchers accepted their prize of $5,000, a medallion and a citation at an annual INFORMS meeting in Nashville, Tenn.