Category Archives: Decision Optimization

Decision Optimization Technologies

Decision Optimization fueling growth in Energy and Utilities

Posted on January 30, 2019 by decisionmanagementcommunity

Decision optimization and machine learning techniques are driving better resource planning and scheduling decisions at Energy & Utilities for a range of use cases like power generation planning, pricing optimization and more. Link

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Decision Optimization for Dynamic Pricing

Posted on November 28, 2018 by decisionmanagementcommunity

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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Solutions to Nov-2018 Challenge “Vacation Days Advanced”

Posted on November 21, 2018 by decisionmanagementcommunity

We’ve already received 3 submissions with solutions to our November challenge “Vacation Days Advanced” using different tools: FICO Blaze Advisor, OpenRules, and DT5GL . Contrary to the 2016 challenge “Vacation Days”, this one doesn’t have inter-rules relationships like “apply this rule only … Continue reading →

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Ten years of CP Optimizer

Posted on October 11, 2018 by decisionmanagementcommunity

Paul Shaw presented a summary of ten years of evolution of CP Optimizer, one of the most powerful constraint programming engines:

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Challenge Sep-2018 “Balanced Assignment”

Posted on September 11, 2018 by decisionmanagementcommunity

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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Chaining Machine Learning and Optimization Models

Posted on August 21, 2018 by decisionmanagementcommunity

Machine learning is about predicting, while optimization is about solving (searching for the values of variables that lead to the best outcomes). The latest Nathan Brixius’s post discusses different ways of combining optimization and machine learning: 1. Optimization as a means … Continue reading →

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Decision Automation and Explanations

Posted on August 17, 2018 by decisionmanagementcommunity

Prof. Gene Freuder wrote a position paper “Complete Explanations”: “The position taken here is that it can be worthwhile to start with truly complete explanations and abstract and limit from there. The goal is to provide a high-level “big picture” of … Continue reading →

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How to Optimally Allocate “Bribe” Money

Posted on August 9, 2018 by decisionmanagementcommunity

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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Challenge July-2018 “Zoo, Buses, and Kids”

Posted on July 3, 2018 by decisionmanagementcommunity

This month we offer a simple decision optimization problem “Zoo, Buses, and Kids” as our July-2018 Challenge. We expect that not only special optimization tools like IBM CP Optimizer but traditional decision modeling tools can be used to solve the … Continue reading →

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Decision Optimization and Finance: Doing more with less

Posted on May 7, 2018 by decisionmanagementcommunity

Alex Fleischer from IBM writes that Optimization (Doing more with less) has been quite a success at many banks and insurances for decades. Along with many finance use cases of CPLEX, he describes 4 recent optimization success stories in international … Continue reading →

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