Category Archives: Decision Optimization

Decision Optimization Technologies

Pokemon Go and the Traveling Salesman Problem

Posted on July 13, 2016 by decisionmanagementcommunity

These days you may have heard stories of people hunting down Pokémon on their office desks, in hospital rooms, and even in bathrooms. Read about the brilliant mechanics of Pokémon Go. Do you want to catch them all? As quickly as … Continue reading →

Posted in Case Studies, Decision Optimization, Trends | Leave a comment

Notes about DecisionCAMP-2016

Posted on July 11, 2016 by jacobfeldman

DecisionCAMP/RuleML 2016 is now a history, and I’d say a very good history with a lot of very interesting mini-events. I will try to briefly describe some of them in these notes. This year the Decision Model and Notation (DMN) standard was … Continue reading →

Posted in BPM, CEP, Decision Models, Decision Optimization, Events, Standards | Leave a comment

Is Analytics losing its competitive edge?

Posted on April 30, 2016 by decisionmanagementcommunity

John Poppelaars just published a paper with this title. He refers to the review recently published by MIT Sloan Management “Beyond the Hype: The hard work behind analytics success“. One of the key findings is that analytics seems to be losing its … Continue reading →

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Sequential Decisions Connect Today’s and Future Decisions

Posted on March 18, 2016 by decisionmanagementcommunity

This FICO’s post describes how a combination of Analytics and Optimization helps to predict and compare likely future outcomes of alternative actions and find the best decisions given business objectives. For example, a marketer may decide today to spend $70 in … Continue reading →

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Analytics Reading

Posted on December 1, 2015 by decisionmanagementcommunity

You may find several interesting analytics links just published by Nathan Brixius and Jean-Francois Puget.

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How to Share Beer Fairly

Posted on November 23, 2015 by decisionmanagementcommunity

Equity and fairness have been studied from different point of views in philosophy, political science and economics, game theory, optimization, telecommunications, so pretty much everyone can find something to chew on. The following blog-post is about three weary wanderers who … Continue reading →

Posted in Decision Models, Decision Optimization | Leave a comment

Gartner Predicts Bright Future for Business Optimization

Posted on November 7, 2015 by decisionmanagementcommunity

In the Market Guide for Optimization Solutions, Gartner predicts that by 2018 optimization will no longer be a niche discipline; it will become a best practice for leading organizations to address a wide range of complex business decisions.

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Join INFORMS-2015 Hackathon

Posted on September 17, 2015 by decisionmanagementcommunity

Attend INFORMS-2015 on Nov. 1-4, 2015 in Philadelphia and/or join Hackathon! You may demonstrate the power of your favorite Decision Optimization tool by solving a problem from a major US airline and winning the Grand Prize of $600.

Posted in Challenges, Decision Optimization | Leave a comment

Now Comes “Optimization Analytics”

Posted on August 18, 2015 by decisionmanagementcommunity

Along with descriptive, diagnostic, predictive and prescriptive analytics a new term “Optimization Analytics” was proposed in the just published article “Optimization Analytics Comes to the Mass Market” by Robert Kugel.  Here are a few extracts: 

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The Purpose of Analytics

Posted on July 30, 2015 by decisionmanagementcommunity

Jean-Francois Puget from IBM (ILOG) published an interesting article that in particular says: “The purpose of an analytics solution is to enable business decisions based on data.  It does not necessarily mean that such solutions must compute decisions.  It means that whatever … Continue reading →

Posted in Business Analytics, Decision Models, Decision Optimization, Rule Engines and BRMS, Trends | 1 Comment