Author’s comment: this is part 1 of 2 of a hypothetical case study. The story described below can be any company willing to consider using a Prescriptive Analytics approach to improve their decision-making abilities.Read More
I recently read Prescriptive models take analytics one step beyond, written by Scott Robinson, Louisville Metro government, and published by SearchBusinessAnalytics.Read More
This is the first blog post in a series aimed at highlighting important Enterprise Optimizer® (EO) modeling features and uses. All information below is based on an EO model created for a real customer. High-level background description is provided, but no confidential information is disclosed.
River Logic partnered with a Top 5 consulting company to design, build and implement a Sales & Operations Planning (S&OP) modeling platform for a large chemical company (“ChemCo”) with operations throughout the Americas and Europe. The impetus for this project was a definable gap in their S&OP planning process.Read More
River Logic’s Enterprise Optimizer® and Microsoft Office Excel® have a long and close working relationship. For two decades, EO’s prescriptive analytics-based models have read data from and written data to Excel workbooks. Consistently one of EO’s most popular data sources, Excel makes building prototype EO models or conducting quick, one-off consulting projects considerably easier. It has also been an excellent option to analyze EO model solution results, either with Excel’s built-in features or using add-on technologies like Tableau.Read More
As I began to write about advanced logistics modeling, the first thing that popped into my head, literally, was “damn motorcycles”. I’m currently at 35,000 feet, flying home after a couple weeks with my wife visiting relatives and friends in Thailand. My mother-in-law’s home in central Bangkok used to be on a quiet, dead end street (“soi”, in Thai). At least, that was until about 10 years ago, when a major Asian parcel delivery company determined (somehow) that the best location for their Thai head office was further in our soi!Read More
In the first decade of my career, most optimization models that I authored also required one or more scripts. They were necessary to automate tasks such as importing data, setting parameters, solving the model, executing another program (e.g., to crunch numbers), generating reports, and so on. Most were written in DOS shell, with an occasional UNIX shell depending on the platform used.Read More
“I used to use [AIMMS, GAMS, MPL…] but I don’t anymore.”
I heard this comment repeatedly this week at the Institute for Operations Research and Management Sciences (INFORMS) conference in Philadelphia, PA. My colleague, Rohan Guthal, and I staffed the River Logic booth from November 1-3. We met with a variety of professors, students and practitioners. In nearly every case, when asked – “What optimization software are you using?” — that was the response we heard: they used to use a certain program, but no longer do. More on this below...Read More
Last spring in Portland, Oregon, the two primary container shipping companies with regularly scheduled service abruptly stopped calling, partly due to a longshoreman strike at the time. The impact was fast; the fallout substantial.
Whereas containers used to be transported directly to the port terminal, they are now transported (mostly) by truck to Tacoma, Seattle, Oakland or ports further way. Many companies — such as Nike and Columbia Sportswear — were affected, but agriculture-based companies — such as Lamb Weston’s potato business and other companies selling commodities like wheat, onions, and corn — were severely affected. Shipping the same products to the same customers overseas now costs between $600 and $1,000 more per container. By some estimates, there are approximately 2,000 more truckloads on the highways every week.Read More