Congratulations to Dr. Max Henrion for Decision Analysis Society's 2014 Best Practice Award

 

 

 

I want to offer my congratulations to my colleague here at Lumina Decision Systems, our CEO Dr. Max Henrion. The annual INFORMS conference took place this week in...

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The Value of Knowing What You Don't Know

Few of us really like uncertainty. It fills us with dread. It frustrates our planning efforts. It makes analyzing its effects complex. After all, where in a spreadsheet do you put uncertain values for revenue or costs? Admittedly, accounting...

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Smart Grid Electricity Management and Decision Analytics

To smart or not to smart, that is the question! Except, despite what our TV offerings often display, going smart is always the best choice. Like any human-made system, we should aim toward smart designs, and we need this...

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Predictive Analytics for Commercial Air Travel Demand from Passenger Decision to Individual Market M

The recent global recession that spread since 2008 hit us hard, and commercial air travel received no dispensation. Although jet fuel prices dropped in 2009, the dwindling air travel demand produced a “worst-ever” performance for world air carriers, as noted...

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Electric Vehicle Charging Scheduling and Station Location via Operations Research

Like the rebirth of 90’s fashion in a Web 2.0 world, the electric vehicle is back and more beautiful, in the form of the Tesla Model S and the Chevy Volt, among others. Both supply and demand in this...

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The Nuts and Bolts of Transportation Modeling

Transportation modeling is one of the big applications of operations research methods. It lends itself to analysis using many of the techniques in OR and is also fundamental in the planning of different transportation systems, especially in urban contexts....

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Datacenter Capacity Planning and Modeling Virtualization

What goes around comes around. Do you know how old virtualization is really? Although it’s a buzzword today thanks to the rapid growth of cloud computing and vendors like Amazon with its Elastic Cloud Compute offering, virtualization is...

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Desperately Diving for Pearls of Great Price

You would be shocked to learn how fast you can make it to the bottom of a lake with a cinder block tied to your leg.  I know this rate, by my own...

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