Press Releases

INFORMS CAP Approved by VA

CATONSVILLE, MD, June 8, 2015 - The Institute for Operations Research and the Management Sciences (INFORMS), announced today that the U.S. Department of Veteran Affairs (VA) has approved the INFORMS Certified Analytics Professional (CAP®) for educational benefits under 38 CFR 21.4268 of the Code of Federal Regulations, which covers the Montgomery GI Bill. Veterans and other eligible individuals can now seek VA reimbursement for fees associated with applying for INFORMS certification. Reimbursement covers the initial CAP fee and re-examination fees.

Offline TV Ads Prompt Online Purchases by Multitaskers

CATONSVILLE, MD, May 14, 2015 - Many television advertisers voice fears that distracted viewers – those increasingly frenetic multitaskers using smartphones, laptops and tablets while viewing TV – are becoming less receptive to advertisers’ messages. A new study published in the online Articles in Advance section of Marketing Science, a journal of the Institute for Operations Research and the Management Sciences (INFORMS), refutes this conventional wisdom and concludes that the “second screen” puts a virtual store in every consumer’s pocket. Multitasking viewers now visit, browse, and even buy advertised products within moments of seeing a commercial.

New research finds double-digit growth for firms that create own online communities

CATONSVILLE, MD, April 28, 2015 - A new study published in Marketing Science reveals that double-digit revenue growth accrues to firms that create brand-specific own online communities. The study, titled “Social Dollars: The Economic Impact of Customer Participation in a Firm-Sponsored Online Customer Community,” was conducted by professors Puneet Manchanda at the University of Michigan, Grant Packard at Wilfrid Laurier University, and Adithya Pattabhiramaiah at Georgia Tech.

2015 UPS George D. Smith Prize presented to UBC Sauder School’s Centre for Operations Excellence

HUNTINGTON BEACH, CA, April 14, 2015 – The Institute for Operations Research and the Management Sciences (INFORMS®), the leading association for professionals in advanced analytics and operations research, has awarded its prestigious UPS George D. Smith Prize to the Centre for Operations Excellence at the University of British Columbia Sauder School of Business.

The competition for the prize took place yesterday at the 2015 INFORMS Conference on Business Analytics & Operations Research, which was held at the Hyatt Regency Huntington Beach Resort and Spa in Huntington Beach, California.

Chevron Named INFORMS Prize Winner, Best Analytics & O.R. Company of the Year

HUNTINGTON BEACH, CA, April 14, 2015 - The Institute for Operations Research and the Management Sciences (INFORMS®), the leading association for analytics professionals, today announced the award of its annual INFORMS Prize for excellence in analytics and operations research to Chevron Corporation for its long and innovative history of applying analytics and operations research across the breadth of the worldwide energy company.

Syngenta Wins 2015 INFORMS Edelman Prize

HUNTINGTON BEACH, CA, April 14, 2015 - Syngenta, which used analytics and operations research to improve food supplies to an increasingly crowded planet, has won the 2015 Franz Edelman Award for Achievement in Operations Research and the Management Sciences. The award is sponsored by the Institute for Operations Research and the Management Sciences (INFORMS®), the leading association for analytics professionals.

Syngenta: World’s Best Analytics Teams Compete for INFORMS Franz Edelman Award

HUNTINGTON BEACH, CA, April 8, 2015 – The Institute for Operations Research and the Management Sciences (INFORMS®), the leading professional association in advanced analytics, will host six finalist organizations competing for the 2015 INFORMS Franz Edelman Award. The competition takes place on Monday, April 13 during the 2015 INFORMS Conference on Business Analytics & Operations Research, which will be held at the Hyatt Regency Huntington Beach Resort and Spa. The prize is the world’s most prestigious recognition for excellence in applying advanced analytics to benefit business and humanitarian outcomes. 

Syngenta is one of the six finalist organizations, with a submission titled, “Good Growth through Advanced Analytics.”

Ingram Micro: World’s Best Analytics Teams Compete for INFORMS Franz Edelman Award

HUNTINGTON BEACH, CA, April 8, 2015 – The Institute for Operations Research and the Management Sciences (INFORMS®), the leading professional association in advanced analytics, will host six finalist organizations competing for the 2015 INFORMS Franz Edelman Award. The competition takes place on Monday, April 13 during the 2015 INFORMS Conference on Business Analytics & Operations Research, which will be held at the Hyatt Regency Huntington Beach Resort and Spa. The prize is the world’s most prestigious recognition for excellence in applying advanced analytics to benefit business and humanitarian outcomes. 

Ingram Micro is one of the six finalist organizations, with a submission titled, “End-to-End Business Analytics and Optimization in Ingram Micro’s Two-Tier Distribution Business.”

US Army: World’s Best Analytics Teams Compete for INFORMS Franz Edelman Award

HUNTINGTON BEACH, CA, April 6, 2015 – The Institute for Operations Research and the Management Sciences (INFORMS®), the leading professional association in advanced analytics, will host six finalist organizations competing for the 2015 INFORMS Franz Edelman Award. The competition takes place on Monday, April 13 during the 2015 INFORMS Conference on Business Analytics & Operations Research, which will be held at the Hyatt Regency Huntington Beach Resort and Spa. The Prize is the world’s most prestigious recognition for excellence in applying advanced analytics to benefit business and humanitarian outcomes. 

Defense Logistics Agency, LMI: World’s Best Analytics Teams Compete for INFORMS Franz Edelman Award

HUNTINGTON BEACH, CA, April 6, 2015 – The Institute for Operations Research and the Management Sciences (INFORMS®), the leading professional association in advanced analytics, will host six finalist organizations competing for the 2015 INFORMS Franz Edelman Award. The competition takes place on Monday, April 13 during the 2015 INFORMS Conference on Business Analytics & Operations Research, which will be held at the Hyatt Regency Huntington Beach Resort and Spa. The prize is the world’s most prestigious recognition for excellence in applying advanced analytics to benefit business and humanitarian outcomes. 

IBM: World’s Best Analytics Teams Compete for INFORMS Franz Edelman Award

HUNTINGTON BEACH, CA, April 6, 2015 – The Institute for Operations Research and the Management Sciences (INFORMS®), the leading professional association in advanced analytics, will host six finalist organizations competing for the 2015 INFORMS Franz Edelman Award. The competition takes place on Monday, April 13 during the 2015 INFORMS Conference on Business Analytics & Operations Research, which will be held at the Hyatt Regency Huntington Beach Resort and Spa. The prize is the world’s most prestigious recognition for excellence in applying advanced analytics to benefit business and humanitarian outcomes. 

Saudi Arabia: World’s Best Analytics Teams Compete for INFORMS Franz Edelman Award

HUNTINGTON BEACH, CA, April 3, 2015 – The Institute for Operations Research and the Management Sciences (INFORMS®), the leading professional association in advanced analytics, will host six finalist organizations competing for the 2015 INFORMS Franz Edelman Award. The competition takes place on Monday, April 13 during the 2015 INFORMS Conference on Business Analytics & Operations Research, which will be held at the Hyatt Regency Huntington Beach Resort and Spa. The Prize is the world’s most prestigious recognition for excellence in applying advanced analytics to benefit business and humanitarian outcomes. 

New study finds most firms do not use skimming or penetration pricing for new products

CATONSVILLE, MD, March 20, 2015 - A new study finds that most firms do not use a Skimming or Penetration Strategy to price new products. The study will be published in Marketing Science, and is titled, “Skimming or Penetration? Strategic Dynamic Pricing for New Products”. The research was conducted by Martin Spann, professor at Ludwig-Maximilians-University Munich (Germany), Marc Fischer, professor at the University of Cologne (Germany) and the University of Technology Sydney (Australia), and Gerard J. Tellis, professor at the Marshall School of Business, University of Southern California.

Catch the “Analytics” Wave at the Leading Analytics

HUNTINGTON BEACH, CA, March 16, 2015 – The Institute for Operations Research and the Management Sciences (INFORMS®), the leading international association for professionals in advanced analytics and operations research, announced today that its annual business analytics conference will take place in Huntington Beach, CA, April 12-14.

New Model of Cybercrime Factors in Perishability of Stolen Data

CATONSVILLE, MD, March 10, 2015 – A new model examining cybercrimes adds an important way of examining the perishable value of stolen data so policy makers can plan against future hacks like the recent Anthem data breach, according to a study in the Articles in Advance section of Service Science, a journal published by the Institute for Operations Research and the Management Sciences (INFORMS).

UPS George D Smith Prize Finalists 2015

CATONSVILLE, MD, February 24, 2015 – The Institute for Operations Research and the Management Sciences (INFORMS®), the leading professional association for professionals in advanced analytics, today announced three finalists  in the competition for the UPS George D. Smith Prize, an award that recognizes excellence in preparing students to become practitioners of analytics and operations research.

New study finds customers who binge consume are more valuable

CATONSVILLE, MD, February 3, 2015 - Marketing managers traditionally segment customers by three summary measures: recency – how long since their last visit, frequency – how often they visit, and monetary value – how much they spend on a visit (also known as the RFM model).   An upcoming Marketing Science paper by Yao Zhang, Eric Bradlow and Dylan Small shows that in contrast to this traditional segmentation, one based on “binge consumption” is worth more in the long run. Binge consumption is characterized by bursts of heavy buying interspersed by little or no buying. The authors call this pattern of consumption “clumpiness.”

Do extended warranties really benefit consumers?

CATONSVILLE, MD, January 31, 2015 – Retailers selling home appliances and electronics goods typically make 15-20 percent profit from these products but realize more than 200 percent profit from selling extended warranties for these products. A new study that appears in the January issue of Marketing Science, a publication of the Institute for Operations Research and the Management Sciences (INFORMS), finds that even though selling warranties through independent firms will lower extended warranty prices, the consumers may actually be worse off.

Electric Vehicle Buyers: Combine Battery Owning/Leasing with Enhanced Charging Services

CATONSVILLE, MD, January 28, 2015 – A proper choice of business model plays a critical role in electric vehicle industry where many consumers are subject to range and resale anxieties. In particular, a combination of owning or leasing electric batteries and improving charging technology can reassure such skeptics and help increase the electric vehicle adoption, according to a new study in the Articles in Advance section of Manufacturing and Service Operations Management (M&SOM), a publication of the Institute for Operations Research and the Management Sciences (INFORMS).

Selling extended warranties through independent firms lowers price, leaves consumers worse off

CATONSVILLE, MD, January 5, 2015 – Retailers selling home appliances and electronics goods typically make 15-20 percent profit from these products but realize more than 200 percent profit from selling extended warranties for them. A new study that appears in the January issue of Marketing Science, a publication of the Institute for Operations Research and the Management Sciences (INFORMS), finds that even though selling warranties through independent firms will lower extended warranty prices, the consumers may actually be worse off.