Category Archives: Decision Optimization

Decision Optimization Technologies

Measure Decision Qualify, Not Forecast Accuracy

Adam DeJans: “The goal is NOT to predict the future perfectly. The goal IS to make better DECISIONS under uncertainty.” Link

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Why one-third of OR projects fail to reach production

Geoffrey De Smet reports from EURO Practitioners’ Forum, where “the group of experienced Operations Research (OR) data scientists shared their war stories. Industry experts, not academic researchers. Smart people, that poured their hearts into their projects for months or even … Continue reading

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Enterprise AI is moving toward Decision Systems

Adam DeJans Jr describes how to think about decision systems through the lens of sequential decision problems. “Most operational environments are not one-time optimization problems. They are ongoing processes where decisions must be made repeatedly as the state of the … Continue reading

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Decision Modeling by Adam DeJans Jr.

Adam DeJans Jr. describes the technical approach he uses, regardless of whether the tool is for optimization, ML, simulation, or even a rules engine: Link

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Real-Time Orchestration

Ian Fletcher: Real-Time Orchestration Has Begun. And It’s Always On. Link

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Coming soon: “The Decision Factory”

“This book has the potential to do for automated decision-making in business that The Goal (Goldratt) did for supply chain management. The ease with which DeJans and Elam communicate these fundamentally new ideas for making decisions under uncertainty for complex … Continue reading

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MS OptiMind: From Problem Description to Solution

Microsoft Research has just released OptiMind, “a small language model designed to convert business problems described in natural language into the mathematical formulations needed by optimization software. Built on a 20-billion parameter model, OptiMind is compact by today’s standards yet … Continue reading

Posted in Artificial Intelligence, Decision Optimization, solvers | 1 Comment

“Hidden Gem” of Decision Optimization

Jacob Feldman wrote a post about the importance of the Solution Pools called “hidden gems” of optimization solvers. However, they usually require programming expertise, while at decision time, it’s subject matter experts, not programmers, who use already tested and deployed … Continue reading

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Solvers are like cars: focus on driving in the right direction, before you worry about speed

This is a quote from Geoffrey De Smet’s post, “What stops Operations Research from being widely adopted?” His answers:

Posted in Decision Optimization, solvers | 1 Comment

Prof Warren Powell: What is a decision?

Prof. W. Powell announced his newest webpage, “What is a decision?” covering these headings: 1)    What is a decision?2)    What types of decisions are there?3)    What does a decision do?4)    We make decisions to solve a problem, but what do we mean by a … Continue reading

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