The INFORMS Analytics+ Conference showcased how companies are turning advanced analytics and AI into measurable operational results
Fake Hermès Birkin bags and other counterfeit luxury goods are popular not only with people on a budget, but also with those with deeper pockets, a new study suggests.
Researchers from the National University of Singapore analyzed millions of counterfeit purchases by American consumers from more than 24,000 U.S. zip codes on a major cross-border, e-commerce platform. They found that both lower- and higher-income individuals are “significantly more likely” to buy fake luxury items than middle-income consumers, according to a press release by INFORMS on Monday.
'Ghost ships' are vessels that disappear from public tracking systems, their location manipulated or their digital record misleading. An estimated 65% of outbound tankers crossing the Strait of Hormuz operate in dark mode, reducing visibility and increasing supply chain uncertainty. Misinformation in vessel tracking can cause manufacturing delays, compliance risks and financial losses. Layered verification processes, combining AIS data with other sources and escalation triggers for handling uncertain shipments, can help mitigate risk.
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Jeff Cohen
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INFORMS
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South Orange, New Jersey, USA: As the world attempts to navigate the uncertain conditions surrounding Covid-19, businesses, medical professionals and government officials have all struggled to maintain appropriate levels of goods – and the services that require those goods.
Two industrial engineering seniors have earned scholarships form Alpha Pi Mu, the industrial engineering honor society. The society provides only five scholarships nationally each year.
According to management expert Christopher Tang, the global supply chain is broken
The United States' shortage of novel coronavirus test kits is the result of rapidly increasing demand met with a weak national supply chain and disruptive federal regulations.
It becomes clearer and clearer every day how critical and varied are the roles of engineers in the effort to win the battle with COVID-19.
OR/MS Today is the INFORMS member magazine that shares the latest research and best practices in operations research, analytics and the management sciences.
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