INDUSTRY NEWS

LINDO announces new releases of optimization modeling tools

LINDO Systems is shipping new releases of its family of optimization modeling tools What’sBest! 14, LINGO 16 and LINDO API 10. The new versions include a wide range of performance enhancements and new features.

Faster solutions on linear models with improved Simplex solver: Enhancements to the Simplex solvers boost performance on large linear models. Large models solve an average of 35 percent faster using primal simplex and 20 percent faster for dual simplex.

Improved integer solver with new features: A new optimization mode has been introduced to ensure reproducibility of runs. Users can investigate alternative optima more quickly. Enhancements to the K-Best algorithm allow finding K-Best solutions in little more time than finding one solution. Models with knapsack constraints and block structures solve faster using new heuristic algorithms. New preprocessing level tightens variable bounds for better performance on classes of nonlinear models.

Enhanced stochastic solver: Large linear multistage SP instances solve 60 percent faster with improved cut management for Nested Benders Decomposition Method. Enhancements improve handling of multistage SP models that do not have full-recourse. Extensions to the parser allow the use of arbitrarily complex functions of stochastic parameters.

Improved global solver: Performance of the global solver has been dramatically improved on classes of quadratic problems, particularly non-convex quadratic problems rejected by other solvers, or otherwise solvable only slowly to a local optimum by traditional NLP solvers. The new releases solve some previously intractable problems to global optimality, especially financial portfolio models with minimum buy quantities, and/or limit on number of instruments at nonzero level.

Along with dramatically faster, more robust performance on many linearized models using functions like @MAX( ), @MIN( ), @ABS( ), x*z where z = 0 or 1, etc., the global solver incorporates a new bound tightening process to the linearization procedure and improves solvability of linearized models.

New scenario viewer in What’sBest!: Powerful new feature to view different solutions on models with integer variables and stochastic programming models. On integer models you can use the scenario viewer to browse through alternative optima and near optimal solutions. On stochastic programming models you can scroll through different scenarios of the scenario tree.

LINGO offers native Macintosh and Linux support: The new Mac and Linux versions of LINGO now feature the same graphical user interface as the popular Windows version.

AIMMS, customers featured in Inbound Logistics magazine

AIMMS and AIMMS customers JBS and Nampak were featured in Inbound Logistics magazine. The article explores the opportunities and benefits of supply chain modeling, drawing on insights from AIMMS’ Marcel Mourits and Celso Batista (coordinator of planning and control at JBS in Brazil) among others. As illustrated in the article, companies are starting to embrace more flexible software options that can adapt to their specific needs instead of off-the-shelf solutions. With supply chain modeling, they can explore different business scenarios, anticipate future disruptions and ultimately make better decisions.

Excerpts from the article:

“Companies can start playing with reality without actually affecting reality,” explains Marcel Mourits, supply chain optimization lead at AIMMS, a global company offering integrated multidimensional modeling software. “They can start asking the important question: What if? What if we close this warehouse? What if revenue grows by 20 percent? What if we start using multimodal shipping instead of relying only on trucking?”

One key quality of the modeling software is the way it forces businesses to challenge the kind of assumptions and conventional wisdom that can lead to lazy thinking. No matter how JBS uses modeling to peer into the future, the process and tools will challenge the company and force it to scrutinize itself in a way spreadsheets never did, Batista says. “Modeling software makes companies question their thinking and get creative,” he says. “It’s not the kind of system that simply provides production plans, and all the user has to do is push ‘print.’”

FICO, Guidepost Solutions team up to fight anti-financial crime

Analytic software firm FICO and risk consultancy Guidepost Solutions LLC today announced that they have entered into a partnership to help provide companies worldwide with a complete suite of anti-financial crime solutions. In this new agreement, Guidepost Solutions will offer the FICO TONBELLER Siron Anti-Financial Crime Solutions for anti-money laundering, regulatory compliance and tax compliance with services developed for its clients around the world, beginning with efforts in the U.S. and France.

“The FICO TONBELLER integrated suite of products fills a gap in the market for global companies with diverse business models and changing regulatory needs,” stated Guidepost Solutions Chief Executive Officer Julie Myers Wood. “Working in partnership, Guidepost Solutions and FICO are uniquely positioned to build effective compliance programs that provide clients with a 360-degree view of their customers and enhance their ability to meet regulatory compliance requirements.”

“The consultants at Guidepost Solutions are respected throughout the risk industry,” said Torsten Mayer, vice president for compliance solutions at FICO. “They understand compliance from multiple perspectives, and many have served as independent compliance consultants or corporate integrity monitors of Fortune 500 companies. Our technology will help their clients manage a rapidly changing regulatory landscape at a lower cost and with fewer staff.”

Guidepost Solutions routinely assists clients in designing, developing, implementing and testing compliance programs. Its professionals have been providing independent compliance consulting and monitoring services for more than three decades for public and private companies, including Fortune 500 companies and global entities; domestic and international banks; law firms; governmental and quasi-governmental agencies; and not-for-profit organizations.

The FICO TONBELLER Siron Anti-Financial Crime Solutions suite consists of flexible and highly integrated software modules for anti-money laundering, tax compliance, counter-terrorism financing and other issues.