Category Archives: Business Analytics

Decision Optimization for Dynamic Pricing

FICO posted an interesting article “Fair Pricing with Price Optimisation”. A similar system “Using Machine Learning, Business Rules, and Optimization for Flash Sale Pricing” has been developed by OpenRules.  These examples demonstrate the power and flexibility of Decision Optimization when business rules, … Continue reading

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Small Companies Adopt Business Intelligence and Analytics Twice Faster than Large Organizations

This article discusses “What will the future of business analytics look like?” It states: the future of business analytics is small business! 1 out of 3 small business leaders believe business intelligence (BI) and analytics will have a significant impact on their small … Continue reading

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Amazon automates buying and stocking decisions

Machines are beating people at the critical inventory decisions that separate the winners and losers in retail. For the staffers deciding how many books, games or plastic pool toys to peddle, the tradeoff can be stark: Order too little and … Continue reading

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Challenge Sep-2018 “Balanced Assignment”

This challenge deals with assignment of people to certain activities, for instance: assigning students to project groups or assigning professors to offices.  We are using the problem formulation and test data provided by Prof. Robert Fourer (AMPL). We expect that not … Continue reading

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Launch of Dataset Search

Google launched Dataset Search, which can help researchers, scientists, and others around the world find open datasets! Dataset Search lets you find datasets wherever they’re hosted, whether it’s a publisher’s site, a digital library, or an author’s personal web page. The … Continue reading

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How to Optimally Allocate “Bribe” Money

Tallys Yunes published an Excel-based optimization model that calculates the likelihood that certain agents will perform a given action that benefits you. Link Below are a few examples:

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How to use traditional scorecards and AI together

Which works better for modeling credit risk: traditional scorecards or artificial intelligence and machine learning? Given the excitement around AI today, this question is inevitable. The fact is that traditional scorecard methods and AI bring different advantages to credit risk … Continue reading

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