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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Windfarm developer Vattenfall, which employs a mathematical tool to optimize power generation and reduce costs on offshore windfarms, has been recognized as a finalist for the 2019 INFORMS Franz Edelman Award.
CATONSVILLE, MD, January 29, 2019 – One of the more common self-improvement goals, particularly in the winter months before “beach body” season, is to lose weight. How people attempt to achieve their goals may vary by individual, but one of the more popular approaches is enrollment in a commercial weight loss program that uses a ‘buddy system’ approach to weight loss.
The INFORMS Analytics Body of Knowledge (ABOK), released earlier this year at the INFORMS Annual Meeting in Phoenix, AZ, has been named second on the list of “22 Best New Analytics Books to Read in 2019” by BookAuthority, which identifies and rates the best books in the world, based on public mentions, recommendations, ratings and sentiment.
According to a new study in the INFORMS journal Management Science, companies choosing to engage in corporate social responsibility (CSR) have higher profit margins and valuation, but lower risk. These benefits are amplified when the corporation already has high product differentiation, but at the same time, high CSR helps boost product differentiation. Companies with high CSR also have more stable returns on their assets.
As more enterprise firms and their customers start to question the use of data in analytics, research and artificial intelligence tools, INFORMS is offering an 18-point set of guidelines to ensure ethics in quantitative decision-making.
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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Analytics magazine showcases articles and research reports based on big data, AI, machine learning, data analytics and other new-age technologies.
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