Category Archives: Decision Optimization

Decision Optimization Technologies

Multiple valid solutions to a business problem

John Brandon Elam wrote today: “You can actually tell the solver to generate multiple valid solutions to a problem, not just the single ‘best’ one. For me, as a Product Owner, that’s huge. Why? Because business stakeholders don’t live and … Continue reading

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Meta-Decision Support

Adam DeJans Jr.: “What if we treated the design of metrics, thresholds, and goals as decisions that need feedback loops and learning just like any other policy? That’s where I think the future lies. Meta-decision support: helping leaders choose what … Continue reading

Posted in Decision Modeling, Decision Monitoring, Decision Optimization, Supply Chain, Uncertainty | Leave a comment

Explaining Solutions of Combinatorial Optimization

DecisionBrain is actively investigating the topic of explaining Combinatorial Optimization results. Drawing from principles in both Social Sciences and Artificial Intelligence, they highlighted two key types of explanations, contrastive and counterfactual explanations, and discussed their relevance in decision-support systems. Link

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Decision-making under uncertainty

Meinolf Sellman: “The key to efficiency and smooth, low-cost, and low-surprise operations is to make better decisions. And that has always been the objective of AI. Not the silly chatbot AI that you see being hyped. Not the expensive AI … Continue reading

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Decision Optimization and Generative AI

There are two new articles devoted to this topic: “Optimization and Generative AI” by Alex Fleischer “LLM-ify me – Optimization edition” by Richard Oberdieck

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Nine Solutions for Sep-2024 Challenge “Rental Boats”

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

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Challenge Sep-2024 “Rental Boats”

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

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Decision Model as Approximation for Business Problem

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

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Solutions for July-2024 Challenge “Smart Investment”

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

Link

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