Category Archives: Decision Optimization

Decision Optimization Technologies

Nine Solutions for Sep-2024 Challenge “Rental Boats”

Posted on October 4, 2024 by decisionmanagementcommunity

This challenge is about a decision model that can help a boat rental company purchase different boats while satisfying seating, manufacturers, and limited budget requirements. We received 9 solutions and 3 of them used LLMs. Link

Posted in Challenges, Decision Intelligence, Decision Modeling, Decision Optimization, LLM | Leave a comment

Challenge Sep-2024 “Rental Boats”

Posted on September 7, 2024 by decisionmanagementcommunity

In this challenge you need to help a boat rental company to purchase different boats while satisfying seating, manufacturers, and limited budget requirements. Your solution should maximize the expected profit. Link

Posted in Challenges, Decision Intelligence, Decision Modeling, Decision Optimization | Leave a comment

Decision Model as Approximation for Business Problem

Posted on August 16, 2024 by decisionmanagementcommunity

Carlos Armando Zetina: “The model is an approximation for a business’s decision problem because it inevitably needs to make simplifying assumptions such as limited scope, finite horizons, deterministic parameters, and cost approximations to be amenable to solving. Since the optimality … Continue reading →

Posted in Decision Models, Decision Monitoring, Decision Optimization | Leave a comment

Solutions for July-2024 Challenge “Smart Investment”

Posted on August 11, 2024 by decisionmanagementcommunity

We received 9 solutions for our July-2024 Challenge “Smart Investment”.Used decision optimization tools:– IBM CPLEX– Llama3/CPLEX/watsonx– Corticon– Prolog– ChatGPT/Zimpl– IPython/ortools– cDMN– Excel Solver– OpenRules Rule Solver.

Posted in Challenges, ChatGPT, Decision Optimization, LLM, Products | Leave a comment

The seven levels of artificial intelligence by Warren B. Powell

Posted on January 31, 2024 by decisionmanagementcommunity

Link

Posted in Artificial Intelligence, Business Analytics, Business Rules, Decision Optimization, Knowledge Representation, Machine Learning, Optimization | Leave a comment

Solving Decisioning Problems Sequentially over Time

Posted on January 2, 2024 by decisionmanagementcommunity

Prof. Warren Powell wrote: “I recently came to the realization that all the motivating applications of linear programming used by Dantzig were in fact fully sequential (and stochastic). Which means, you do not just solve a single linear program – … Continue reading →

Posted in Decision Intelligence, Decision Optimization, Digital Transformation | Leave a comment

Smarter Decisions for a Better World

Posted on November 26, 2023 by decisionmanagementcommunity

Operations Research and the Management Sciences (OR/MS) is the computer science technology with probably the most impressive real-world success stories in decision optimization. However, being “too scientific”, OR/MS remains a well-kept secret for many years. The Institute for OR/MS, known … Continue reading →

Posted in Decision Making, Decision Optimization | Leave a comment

Practical Applications, Use Cases, and Testing (DC2023 Notes Part 3)

Posted on September 25, 2023 by jacobfeldman

As usual, DecisionCAMP included presentations devoted to practical applications and case studies of decision modeling and decision optimization. Testing rules-based decision services is extremely important topic in practical decision management especially in the modern CI/CD world. No wonder we had … Continue reading →

Posted in Case Studies, Decision Modeling, Decision Optimization, DecisionCAMP, DevOps, Optimization, Testing | Leave a comment

Novel Decision Modeling Techniques (DC2023 Notes Part 2)

Posted on September 24, 2023 by decisionmanagementcommunity

There were two presentations at DecisionCAMP-2023 devoted to new ideas that extend traditional Decision Modeling and DMN-like tools in new directions: 1) Probabilistic reasoning when a decision model deals with uncertain facts about which we know only their probability; 2) Declarative … Continue reading →

Posted in Constraint Programming, Decision Intelligence, Decision Modeling, Decision Optimization, DecisionCAMP, Knowledge Representation, Reasoning, Rule Violations | Leave a comment

DecisionCAMP-2023 Starts on Sep 18

Posted on September 14, 2023 by decisionmanagementcommunity

DecisionCAMP, the major annual Decision Management event for partitioners by practitioners, starts on Monday, Sep 18 (online). With many presentations and discussions about Generative AI and Symbolic AI it promises to become an important milestone on the road to the … Continue reading →

Posted in Decision Intelligence, Decision Modeling, Decision Models, Decision Optimization, DecisionCAMP, Events | Leave a comment