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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Johns Hopkins professor Tinglong Dai says a subscription model for AI is the most sustainable model for reimbursement.
BALTIMORE, MD, May 8, 2024 – Because public health experts have determined that menthol-flavored cigarettes pose higher health risks to smokers than non-menthol varieties, policymakers for years have considered banning menthol. Most of the measures taken to date have been at the state level, but new research suggests that this approach has backfired. The better alternative, researchers suggest, is a higher tax on menthol cigarettes, or a national ban at the federal level.
Though every part of a Disney World vacation is meant to be magical, most frequent visitors to the parks can think of at least a few things about a Disney trip that are anything but magical. Perhaps one of the most agreed upon of those things is waiting in line for a ride or attraction.
The Federal Reserve reports inflation is down, though it continues to remain above its 2% target level. The most recent report showed inflation was hovering around 3.5% (year-to-year), from a high of 9.1% in June 2022. Yet many people do not feel good about their financial situation, with inflation one factor driving such sentiments.
Self-checkout, yes or no? People tend to be divisive on this issue; some use it all the time, and some never do. And for some, it depends on how many items they are buying, using self-checkout for short shopping lists. Meanwhile, some individuals specifically avoid it because they believe that they are taking jobs from human cashiers.
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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