INFORMS in the News

Wine futures, airport security, career options

Compiled by Ashley Kilgore

Investing in wine futures can significantly improve distributor profits

A study in the INFORMS journal Manufacturing & Service Operations Management, conducted by INFORMS member Burak Kazaz of Syracuse University, shows a wine distributor can significantly improve its profits by investing in wine futures, in addition to bottled wine. The study’s numerical analysis demonstrates an approximate 21 percent profit improvement, a benefit that increases as the wine distributor’s degree of risk aversion increases.
- Public Now, March 6

JFK Airport security breach brings to light security vulnerabilities

Aviation security expert and INFORMS Fellow Sheldon Jacobson provided insight on vulnerabilities at airport checkpoints, like the kind that resulted in 11 passengers passing through an unsupervised checkpoint at JFK Airport in February, all of whom reached their flights without further screening.
“The most vulnerable time for any kind of check point is in a transition period,” said Jacobson, who continued that airport security is weakest early in the morning and during shift changes.
- CBS News, Feb. 21

Want to be a CEO? It helps to look the part

Looks do matter. According to a new study in the INFORMS journal Management Science, the more competent you look (based on certain facial features) the more likely you are to be a CEO. The study, which focused on male CEOs, found that faces that rated as competent-looking typically had square jaws, overall sharper features and appeared more mature.
- The Wall Street Journal, Feb. 17

Talking points for new hires

Want to decipher whether a new hire will thrive in his position? Compare his emails to those of a co-worker. According to a new study in the INFORMS journal Management Science by INFORMS member Sameer Srivastava, the more similarities in language style, the better the fit. The study found that a new hire whose own emails are linguistically similar to his co-workers’ messages is four times less likely to be fired than someone who never mimics the language style of his peers.
- NWI Times, Feb. 12

National Academy of Engineering elects three INFORMS members

Three INFORMS members are among those elected for 2017 to the National Academy of Engineering, among the highest professional distinctions accorded to an engineer.

Mark S. Daskin: Clyde W. Johnson Collegiate Professor and chair, Department of Industrial and Operations Engineering, University of Michigan, Ann Arbor. For leadership and creative contributions to location optimization and its application to industrial, service and medical systems.

Arkadi Nemirovski: John Hunter Chair and Professor, H. Milton Stewart School of Industrial and Systems Engineering, Georgia Institute of Technology, Atlanta. For the development of efficient algorithms for large-scale convex optimization problems.

Sridhar R. Tayur: Ford Distinguished Research Chair and professor of Operations Management, Tepper School of Business, Carnegie Mellon University, Pittsburgh. For developing and commercializing innovative methods to optimize supply chain systems.

Academy membership honors those who have made outstanding contributions to “engineering research, practice or education, including, where appropriate, significant contributions to the engineering literature” and to “the pioneering of new and developing fields of technology, making major advancements in traditional fields of engineering, or developing/implementing innovative approaches to engineering education.”

- National Academy of Engineering, Feb. 8

Career options as a data analyst

In the era of information and technology, the role of data analysts has become critical to cope with the present needs of the consumers and companies. The Institute for Operations Research and the Management Sciences (INFORMS) can serve as a valuable tool to help these analytics professionals successfully navigate their careers.
- News Dog, Jan. 23

INFORMS presents award for best publication in the natural sciences

Dr. Lewis Ntaimo, associate professor in the Department of Industrial and Systems Engineering at Texas A&M University, former Ph.D. student Julian Gallego Arrubla, and Curt Stripling of the Texas A&M Forest Service, have been selected for this year’s INFORMS Section on Energy, Natural Resources and the Environment (ENRE) award for best paper publication.
- Environment Guru, Jan. 10

INFORMS member contributions selected for “40 Under 40”

Vice President of Business Analytics of Regal Entertainment Group Matt Carr, an INFORMS member, was selected for the Knoxville Sentinel’s top “40 Under 40” for his role in helping Regal grow to a company that makes decisions and pursues strategies based on actionable data analysis.
- Knoxville News Sentinel, Jan. 2

How to cure the Electoral College

INFORMS Past President Ed Kaplan and INFORMS Fellow Arnold Barnett published an op-ed with the Los Angeles Times exploring a simple reform that might go a long way toward reducing objections to the electoral college without introducing a partisan bias. Kaplan and Barnett propose that instead of awarding electoral votes on a winner-take-all basis, they should be awarded in direct proportion to each candidate’s share of the popular vote.
- Los Angeles Times, Dec. 16, 2016

For links to all of the articles mentioned about, visit: http://bit.ly/2mPxplb.

Investing in wine futures can significantly improve distributor profits
http://www.publicnow.com/view/FDB8758B2E4B3CFDB5A6D107A6B8043A92421FF6
FK Airport security breach brings to light security vulnerabilities
http://www.cbsnews.com/news/tsa-investigating-security-breach-jfk-airport-new-york/
Want to be a CEO? It helps to look the part
https://www.wsj.com/articles/want-to-be-a-ceo-it-helps-to-look-the-part-1487342766
Talking points for new hires
http://www.nwitimes.com/business/jobs-and-employment/talking-points-for-new-hires/article_2161d598-212b-504d-b5c9-f2fbbbbb94be.html
National Academy of Engineering elects three INFORMS members
https://www.nae.edu/Projects/MediaRoom/20095/164396/165210.aspx
Career options as a data analyst
http://newsdog.today/a/article/5886138c129071494efde87b/
INFORMS presents award for best publication in the natural sciences
http://www.environmentguru.com/pages/elements/element.aspx?id=4404598
INFORMS member contributions selected for "40 Under 40"
http://www.knoxnews.com/story/money/business/journal/2017/01/02/40-under-40-matt-carr/95299742/
How to cure the Electoral College
http://www.latimes.com/opinion/op-ed/la-oe-barnett-kaplan-cure-electoral-college-20161216-story.html