The Complexity of Sports Scheduling
The NBA recently fined the San Antonio Spurs $250,000 for resting four of their marquee players in a game against the Miami Heat. The Spurs coach stood by his decision stating this was the sixth game...
View ArticleEffective Use of Data and Analytics Can Increase Profits
In the November/December issue of Non-Prime Times, the National Auto Finance Association’s official publication, FICO’s Ken Kertz describes six strategies that auto lenders can use to win more...
View ArticleAdvances in Algorithms and Hardware Help Speed Optimization
The relationship between algorithmic developments and hardware improvements has led to the immense speed-up in optimization codes over the last few decades. There has long been a debate over which...
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The Fantastic Four: Chief Analytics Officer, FICO World Panel
“They say there are three ways you can get fired at Caesars, you can steal, you can sexually harass or you can run an analytics test without a control group!” joked Ruben Sigala, chief analytics...
View ArticleKaggle Competition: Optimizing Santa’s Workshop
Each year, Santa (the jolly old elf) has a grueling toy-production schedule to keep. Toy orders arrive all year long, and production must be completed by noon North Pole Time on December 24 in order to...
View ArticleOnly 295 Days until Christmas! Optimizing Santa’s Workshop
It seems like just yesterday Santa got back from his sunny post-Christmas vacation, and now we’re talking about how Santa’s operation can be optimized mathematically. But, even though the Holidays last...
View ArticleVideo: Optimization at Southwest Airlines
“Our mission at Southwest Airlines is to connect people with the important things in their life.” Those are the words of Rusty Burlingame, senior operations research director for Southwest Airlines....
View ArticleSoar with Advanced Analytics and Optimization at INFORMS – April 12-14
The INFORMS Analytics Conferences are more than just the “latest and greatest” on Analytics and Big Data. They revolve around real-life implementations of game-changing technologies and capabilities...
View ArticleOld School Board Gamers Compete with Optimization
Today’s gamers aren’t always perched in front of a video console. They are increasingly sitting around a table rolling dice and moving pieces. And these modern games aren’t just the classic games like...
View ArticleCollections 101 – How to Outsmart Your Agency Placement
Remember when things were easy? Me neither, but it sure seems like they’re getting more complicated. Sometimes, things seem so complicated you just want to ignore them. That brings me to today’s topic...
View ArticleFICO Data Scientist Wins Prize for Optimization Research
Timo Berthold, a data scientist working in FICO’s Berlin research center, received the “GOR-Dissertationspreis 2015″ prize this week for excellence in Ph.D. dissertations from the German Operations...
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Banks 7-Year Itch: When Deposit Pricing Matters Again
Addressing a group of financial service executives at the just completed BAI Retail Delivery program in Las Vegas, FICO’s Matt Stanley commented, “At some point, interest rates will rise. When they...
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Optimization & Brotherly Love: 3 Reasons to Visit INFORMS 2015
The INFORMS Annual Meeting brings a very broad operations research scope to help empower organizations across multiple industries strike the right balance between risk, profit and customer-centric...
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FICO Optimization Helps Toyota Keep Customers in Cars
In a recent post, my colleague Martin Germanis talked about the importance of optimization in collections. Toyota Financial Services has put this into practice with dramatic results. Toyota’s...
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Webinar: Prescriptive Analytics, the Antidote to Business Challenges
For many organizations, prescriptive analytics potentially represents the “promised land” of Big Data-driven decision making. After all, it evolves beyond predictive analytics to help solve complex...
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Optimization Boosts Česká Spořitelna Portfolio Profit 26%
Optimization – the use of analytics to derive the best strategies for reaching particular goals – can have dramatic effects on the success of decision strategies. For an example, look no further than...
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Three Reasons Optimization is Set Up for Big Growth in 2016
In numerous recent blogs, we’ve highlighted how optimization helps businesses – from Southwest Airlines to Sprint – determine the action or actions they should take to achieve the right mix of risk...
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I’d Like to Buy the World a Better Decision
Sometimes when I look around, it seems as though all I see are the charred remains of terrible choices—and that’s before I’ve even left my kitchen. In business, it’s now been 30 years, yet Coca-Cola...
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Four Ways We Can Build Trust in Analytics
As analytic advancements reach ever deeper into people’s lives — as every aspect of individuals is analyzed to drive decisions by businesses and other institutions — the need for people to trust...
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Performance Anxiety: Correlating Decisions with KPIs
Let’s face it; not knowing whether or not you’re measuring up to expectations is stressful. To avoid that stress, you need to know what you’re measuring, how to measure it accurately, and what those...
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