INFORMS Releases

BALTIMORE, MD, April 17, 2023 – INFORMS, the largest association for the decision and data sciences, announced it has awarded Walmart its 2023 Franz Edelman Award for Achievement in Advanced Analytics, Operations Research and Management Science for its use of operations research (O.R.) to enhance retail truck routing and load planning.

BALTIMORE, MD, April 17, 2022 – INFORMS, the largest association for the decision and data sciences, has awarded Purdue University, Mitchell E. Daniels, Jr. School of Business, Business Analytics and Information Management (BAIM) the 2023 UPS George D. Smith Prize. The award recognizes excellence in preparing students to become practitioners of operations research and analytics.

BALTIMORE, MD, April 13, 2023 – INFORMS, the largest association for the decision and data sciences, has awarded Walmart, one of the world’s leading retailers, with the 2023 INFORMS Prize, for consistent and innovative dedication to utilizing operations research (O.R.) and analytics in its organizational decision-making for demand forecasting, supply chain and merchandising operations.

BALTIMORE, MD, April 12, 2023 – It looks like the “best practice” of removing gendered language from job listings may simply have been a “best guess” by managers seeking to increase diversity of applicant pools for their organizations. New research in the INFORMS journal Management Science finds that tweaking the language of job postings to make them more gender-neutral has negligible practical effects on men’s and women’s likelihood of applying for jobs.

BALTIMORE, MD, April 11, 2023 – It’s commonly assumed that the supply-and-demand economics of the consumer marketplace dictates price. If you are one of few retailers that sells a product consumers want, you can charge more. Or, if supplies of that product are more scarce, again, prices will likely be higher. On the flip side, if supplies are plentiful for a product that is in less demand, prices for that product are likely to be lower.