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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“I think, depending on the outcome of this court case, that may give more credibility to the notion of digital addiction,” says David Schweidel, a marketing professor and the chair of Business Technology at Emory University’s Goizueta Business School. “In an extreme scenario, social media could get labeled as the next Big Tobacco.”
Grocery retailers may not need new technology—or behavior change from shoppers—to meaningfully reduce food waste. New research in the INFORMS journal Management Science finds that small operational decisions already under a retailer’s control, including how perishable items are displayed and when (and how much) they’re discounted, can increase profits while reducing spoilage.
For years, social media platforms have wrestled with how to curb misinformation without inflaming debates over censorship. New research from INFORMS members suggests the answer may be hiding in plain sight: let the crowd speak and let transparency do the rest.
AI technologies (or computer programs in general) automating price setting is, on the face of it, a straightforward application of the laws of demand and supply to the context of digital platforms. However, the potential for algorithmic collusion and antitrust implications are far from straightforward.
A federal consumer protection law fundamentally changed how Americans review businesses online. After the Consumer Review Fairness Act took effect, online reviews became more negative, more detailed and more informative, suggesting that previously suppressed criticism finally surfaced.
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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