The INFORMS Analytics+ Conference showcased how companies are turning advanced analytics and AI into measurable operational results
In most emergency departments, beds are a hot commodity. But some patients don’t actually need a bed for their treatment – and accurately identifying those people is a low-lift but effective way to increase efficiency without sacrificing care quality, finds a study recently published in the journal Management Science.
The researchers developed a simple decision tree, informed by mathematical and machine learning models, to help staff decide whether a patient truly needs a bed or can be routed to a “vertical processing pathway” – that is, an area where they can be treated sitting up. Many hospitals already have such an area but don’t necessarily have a systematic way to decide which patients are treated there.
Diversity alone won’t get the votes for funding public education. It takes communities that are more integrated and connected, where residents have a sense of shared stake.
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A study by the Massachusetts Institute of Technology (MIT) has found that disclaimers on some fake news stories make people more readily believe other false stories.
Covid-19 could be a once-in-a-century pandemic disease like Spanish flu. Indeed, social-distancing measures being adopted now are not unlike those taken a century ago. But shouldn’t we find new ways to get on with life?
Is your supply chain immature? Does it resemble a 14-year-old boy, as a planner I met at an Institute of Business Forecasting and Planning event described his company’s supply chain? Grown up beyond diapers but not yet making good decisions consistently. In an immature, disconnected supply chain, planners operate inefficiently and in reactive mode. Not only does this mode make the daily life of a planner difficult, but it does not position the company toward a sustainable supply chain capable of making decisions that are better for profits, people, and the earth. But the opportunity to make an impact for everyone working in supply chain – including Jeff Bezos – is enormous, and it starts with maturing the supply chain’s capability.
The CDC may have trouble tracing some U.S. airline passengers who shared a flight with someone infected with coronavirus, a situation that could have been avoided had the federal government created a plan for sharing passenger data during an emergency like a disease outbreak — and now the agency and airlines are squabbling about who's at fault and how to fix the problem.
Fear of COVID-19 is a powerful force — being used to explain last week’s market crash. From their peak on February 19 to February 28, the market capitalization of stocks fell a whopping $4.6 trillion. As of March 2, the Dow had recovered some of its 12% plunge — up 5.1% on Monday, according to the Wall Street Journal. Yet the Dow is still down 9% from its peak
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