Category Archives: Decision Optimization

Decision Optimization Technologies

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 →

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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.

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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

Advanced Analytics and Optimization at INFORMS – April 12-14

Posted on April 11, 2015 by decisionmanagementcommunity

The 2015 INFORMS Analytics Conference will be held in Huntington Beach, CA on April 12-14. Besides the “latest and greatest” on Analytics and Big Data, it will revolve around real-life implementations of game-changing technologies and capabilities that are transforming how businesses … Continue reading →

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Feb-2015 Challenge

Posted on February 1, 2015 by decisionmanagementcommunity

This month we published a simple challenge problem: How can a given amount of money be made with the least number of coins of given denominations? We expect to see how your favorite DM tool would address this challenge.

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Christmas Challenge from FICO

Posted on November 25, 2014 by decisionmanagementcommunity

FICO, one of the major commercial DM vendors, runs predictive modeling competitions and even offers rewards to the winners. For the upcoming holidays FICO offered a challenge called “Jingle bells, Santa tells…”.  

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