Rahul Mazumder, an associate professor at MIT Sloan, develops and improves statistical models for a variety of uses. Credit: MIT.In our data-centric era, organizations rely extensively on data-rich models and algorithms, from insurers to health providers and social media platforms. These tools help discern user characteristics and influence behavior positively.However, optimizing these models...
Credit: Deposit Photos/realinemediaMade in China is more than just a tag, as well. As it's been an age of American production ripe for interruption with impending geopolitical tensions and regional challenges. The most recent Covid-driven lockdowns have actually sustained speculations about the resiliency of supply chains.And also their ability to recuperate right into a...
A new report on supply chain sustainability includes the results of a survey of some 2,400 supply chain professionals. More than 80 percent of respondents claimed the pandemic had no impact or increased their firms’ commitments to supply chain sustainability. Credit: Andrew Coop/UnsplashMost of the efforts to make businesses sustainable focuses on their supply...
Routing is among the most investigated matters in an operations research study; even tiny enhancements in routing efficiency can save companies money and cause energy savings and lowered ecological impacts. Currently, three groups of scientists from universities worldwide have obtained cash prizes amounting to $175,000 for their ingenious route optimization models.The three groups were...
