The deadline is April 30 for nominations for the INFORMSÂ® Impact Prize, a biennial award that honors significant contributions to the Operations Research profession and to society.
Online PR News – 16-April-2012 – Princeton, NJ – Preliminary nominations are due April 30 for the Institute for Operations Research and the Management Sciences (INFORMSÂ®) Impact Prize, which is supported by Princeton Consultants and honors significant contributions to Operations Research.
Awarded every two years, the INFORMSÂ® Impact Prize is especially notable as the Operations Research profession improves design and decision making in areas ranging from network design to smart urban logistics, from sustainable supply chains to secure operations, and from efficient response to emergencies to good health care without excessive cost.
The INFORMSÂ® Impact Prize highlights a tool, methodology or concept that has had wide-ranging impact on practice and society, with a very broad scope. Representative nominations include: a modeling framework or technique that can be used in an extensive range of applications; a software tool that enables managers to access the benefits of operations research; or key concepts that have been effective in communicating and mobilizing changes in business operations.
The winner receives a plaque and a cash award of $1,000 bestowed at the 2012 INFORMSÂ® Annual Meeting, October 14-17 in Phoenix. In 2004, its inaugural year, the Prize was given to Bob Bixby, Janet Lowe and Paul Green for the work that has led to CPLEX, and for the dissemination of related technique through papers, books, and commercial software packages. In 2006, the prize was given to Abraham Charnes and William W. Cooper for their work on Data Envelopment Analysis (DEA), which is widely used in practice by manufacturing firms, hospitals, schools and investment portfolio managers, among others. In 2008, Thomas L. Saaty was recognized for the Analytic Hierarchy Process (AHP), a methodological paradigm for assisting managers to make multi-criteria decisions, which has thousands of applications in the public and private sectors.
In 2010, two prizes were awarded. One went to Fred Glover, a pioneer of the field of Metaheuristics, who introduced Scatter Search (1977) and Tabu Search (1987). Many researchers have used these ideas, or elements of those techniques, to develop new heuristics, and all these metaheuristics work well for a wide variety of problems in network design, transportation management and computational biology. Glover also popularized metaheuristics through the writing of a textbook, the founding of the Journal of Heuristics, and the development of the OptQuest software package. The other Prize winners were Daniel Fylstra, Leon Lasdon, Edwin Straver, Allan Waren, and John Watson, for their work that has resulted in Solver, an optimization engine, now part of Microsoft Excel and other spreadsheet programs, in which many different techniques have been combined to solve linear and nonlinear models.
For more information about the INFORMSÂ® Impact Prize and how to submit nominations, please visit the INFORMSÂ® website, www.informs.org.
Princeton Consultants, www.princetonoptimization.com, blends IT and management consulting to help executives and organizations achieve transformative improvement. The firmâ€™s service offerings include custom optimization, software development, strategy consulting, process engineering, systems integration and large-scale IT project management. Princeton Consultants was founded in 1981 by CEO Steve Sashihara and COO Jon Crumiller and has offices in Princeton, NJ and New York City.
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