Category Archives: Operations Research & Analytics

Biotech, Medical and Pharmaceutical

Biotech and Pharmaceutical: We can use analytical methods to evaluate impact of innovative life-saving treatments. Production and pricing optimization techniques can be used for production management, product distribution and pricing optimization. Purchasing trends can be analyzed to offer important insights.

Hospitals: We offer optimization algorithm for scheduling and assignment problems like kidney patient-donor matching, assigning patients to doctors, assigning patient to operating rooms with different facilities. Queuing theory and simulation models can be used to reduce patient wait time and planning of medical staff. We can also evaluate what additional facilities are worth adding to make a difference to patients via optimization and data analytics.

Business problems include:

Cancer Treatment Planning, Kidney Patient-Donor Matching, Hospital Management, Patient Scheduling, Drug Inventory Control, Disease Control, Managing Patient Length of Stay, Reducing Waiting Time, Flu Vaccine Composition, Medical Staff Planning, Production Management, Product Distribution, Pricing Optimization, Demand Planning, Analyzing Purchasing Trends

Common Optimization Problems: 

  • Matching Problems
  • Network Flow Problems
  • Linear Regression Problems
  • Set Covering Problems
  • Set Partitioning Problems
  • Job Shop Scheduling
  • Simulation

Aerospace and Defense

Operations Research area started with research on military operations.

Defence planning: We deliver critical insights that help aerospace and defense professionals make strategic decisions to reduce production costs and streamline operations while balancing logistical and budget constraints with regulatory, environmental and safety concerns.

Disaster Management: Optimization is used to solve high-level problems, such as how to get key personnel to places they’re most needed for projects, how to plan for evacuations or flow of resources like food, trucks, electricity, oil in the case of impending natural disasters or other threats of global disagreement or terrorist events, or how to design and construct planes and spacecraft to reduce weight without sacrificing strength.

Police Force: Strategic location of police force, good mixture of different type of police forces, prioritizing different cases based on analytic investigation can lead to efficient use of our defense resources.

Business problems include:

Line Balancing, Capacity Planning, Managing Production Costs, Minimizing Downtime, Maintenance Scheduling, Regulatory Compliance, Supplier Management, Project Selection, Vendor Selection, Machine Allocation, Facility Location, Mixing Skill Set

Common Optimization Problems: 

  • Vehicle Routing Problems
  • The Travelling Salesman Problem
  • Capacitated Arc Routing Problems
  • Blending/Mixing Problems
  • Job Shop Scheduling Problems
  • Facility Location

Tourism Industry

Customer Segmentation: We help tourism industry segment different type of customers in budget, luxury, business and other categories. By studying data, we can help you decide which type of rooms are preferred by different kind of customers and what facilities are worth adding to the hotel to optimize profit. Similar ideas are used for cruise planning, vacation homes, entertainment parks, touring buses etc. In case of real estate companies, customer segmentation for furnished housing, short term corporate rental, luxury and budget accommodation can be very helpful.

Forecasting and Pricing Optimization: We can forecast demand for different type of customers (based on customer segmentation) at different locations according to time in the year. By closely matching demand, pricing can be optimized to remain strategic in the market. In today’s world of rapidly changing market, it is critical to use best forecasting and pricing techniques.

Revenue Management and Sharing: We can help you optimally share revenue between demand generation engines and tourism providers like hotels and vacation providing companies. We can help apply best practices in revenue management and sharing also in cruise planning, vacation homes, entertainment parks, touring buses by using techniques like customer segmentation, forecasting, game theory, scheduling etc. Revenue management techniques can also be used by restaurants to plan table size and location as well as dynamically assigning tables.

Business problems include:

Customer Segmentation, Scheduling, Facility Layout, Revenue Sharing, Pricing Strategy, Dynamic Table Allocation, Forecasting, Revenue Management

Common Optimization Problems: 

  • Job Shop Scheduling
  • Game Theory
  • Market Segmentation
  • Dynamic Programming
  • Vehicle Routing

Supply Chain

Strategic Planning: We can offer a wide variety of supply chain solutions that enable organizations to create an efficient and competitive infrastructure. These solutions help companies reduce operational expenses and maximize resources throughout the production and distribution network.  We can also assist in deciding how to optimize movement of resources across different transportation channels as well as owning, leasing or subcontracting tractors, trailors, drivers etc.

Total Cost Optimization: We can also solve complex supply chain optimization problem which involve your suppliers and customers costs along with yours and enhance convenience of all the parties. They also allow companies to effectively manage suppliers, customers and whole logistics network in order to balance supply with customer demand reducing inventory and routing cost of all the parties involved.

Business problems include:

Shipment Planning, Truck Loading, Vehicle Routing, Maximize Overnight Delivery Networks, Department/Warehouse Location, Driver Scheduling, Inventory Optimization, Fuel Use Optimization, Maintenance Planning, Timetabling, Container Positioning, Resource Allocation, Yield and Revenue Management, Vendor Selection, Workforce Scheduling

Common Optimization Problems: 

  • Network Design Problems
  • Network Flow Problem
  • Multi-Commodity Network Flow Problems
  • Bin Packing Problems

Retail and Warehouse planning

We help companies deliver the right products to the right customers at the right time in order to create the best possible purchasing experience. We enable organizations to make better decisions from planning all the way through agile execution in the marketplace, including:

Facility Location: Deciding which locations have the greatest potential to support new stores both in unconstrained manner and with real estate constraints. We can study comprehensive network of retail stores, warehouses and production house enhancing system’s efficiency.

Facility Layout: We can optimize store or warehouse layout to maximize space. Location of restroom or breakroom can be optimized for efficiency.

Inventory Control and Marketing: We can analyze which products to carry and how to merchandize them along with inventory control and determining which marketing elements will have the biggest impact on customer behavior.

Business problems include:

Site Selection, Store Design, Merchandise Placement, Inventory Management, Product Category Optimization, Advertising and Marketing Mix Optimization, Pricing Optimization, Customer Feedback Analysis, Supply Chain Management, Inventory Stocking And Reordering, Workforce Scheduling

Common Optimization Problems: 

  • Facility Location Problems
  • Quadratic Assignment Problems
  • Vehicle Routing Problems

Ground and Sea Transportation

Sea Transportation: We can help you optimize vessel utilization with time window restrictions at loading and unloading ports, tidal speed restrictions, balancing constraints and other safety requirements.

Strategic Optimization: We provide companies with the ability to reduce operational costs, speed up delivery of goods and services, improve quality and maximize profit to ensure competitiveness in local, national and global economies. By customizing optimization methodologies, we give organizations the ability to plan, schedule, and execute amid a challenging collection of variables that must be factored into the supply chain, including operations management, production, fulfillment and distribution.

Optimal routing: Using OR techniques, we can not only enhanced efficiency of truck, railway, bus and ship routing but also taxi and car rentals operations. Optimal routing techniques can enhance GPS system as well. We can develop customized packing algorithm for loading trucks.

Business problems include:

Shipment Planning, Truck Loading, Vehicle Routing, Maximize Overnight Delivery Networks, Department/Warehouse Location, Driver Scheduling, Inventory Optimization, Fuel Use Optimization, Maintenance Planning, Timetabling, Container Positioning, Resource Allocation, Yield and Revenue Management, Less-Than-Truckload (LTL) Loading, Pallet Optimizer, Vessel Utilization

Common Optimization Problems: 

  • Vehicle Routing Problems
  • Capacitated Arc Routing Problems
  • Multi-Commodity Network Flow Problems
  • Network Flow Problems
  • Bin Packing Problems

Food, Floral and Beverage Industry

Operations Research help tackle some of the most demanding scenarios where food, floral and beverage companies must make decisions about hundreds or thousands of products in order to stay competitive and give customer freshest experience.

Reduce Wastage: Large lead times and inefficient routing lead to so much wastage in perishable goods like food, floral and beverage industry. By Optimizing the routing and decreasing lead time, this can be reduced significantly.

Optimizing routing: These organizations rely on optimization to help maximize production and distribution efficiency while anticipating ever-changing consumer demand to reach the right level of product variety at market-sustainable prices. Efficient network can reduce inventory holding cost as well.

Customization: We can help you with requirements of cold storage, restriction of separate transport of foods causing allergies and other analytic challenges to mode selection and resource optimization.

Business problems include:

Production Management, Batch Tracing, Shelf-Life Management, Inventory Management, Resource Allocation, Distribution Management, Machine Allocation, Inventory Stocking and Reordering, Supply Chain Optimization, Revenue Management

Common Optimization Problems: 

  • Blending and Mixing Problems
  • Vehicle Routing Problems
  • Network Flow Problems
  • Multi-Commodity Network Flow Problems
  • Facility Location Problems
  • Quadratic Assignment Problems

Automotive Industry

We offers a broad range of optimization tools used by automotive manufacturers. These tools are integral to nearly every part of the automotive process.

Facility location and layout: We help you decide where to locate new factories in order to minimize transportation and inventory costs. Optimal internal factory layout including restroom location can lead to significant efficiency and better employee experience.

Process Flow: OR has played crucial role in designing next generation prototypes that use minimal materials while meeting safety requirements. Discover how we can maximize production efficiency, reduce production costs, and boost sales and profitability using Optimization.

Supply Chain Optimization: We can also solve complex supply chain optimization problem which involve your suppliers and customers costs along with yours and enhance convenience of all the parties. We can also assist in deciding how to optimize movement of resources across different transportation channels as well as owning, leasing or subcontracting trucks, trailors etc.

Business problems include:

Material and Parts Planning, Vehicle Prototype Design, Maintenance Scheduling, Inventory Optimization, Production Management, Site Location, Distribution Management, Demand Planning, Inventory Stocking and Reordering, Vendor Selection, Direct Vs Hub Routing, Empty Trailer Transportation

Common Optimization Problems:

  • Facility Location Problems
  • Quadratic Assignment Problems
  • Flow Shop Scheduling Problems
  • Job Shop Scheduling Problems
  • Open Shop Scheduling Problems
  • Vehicle Routing Problem

Airlines and Airports

Planning and Scheduling: We can help airline industry by identifying optimal crew, flight and maintenance schedule. Even though no one knows when exigencies might occur but we can optimally plan for all kinds of exigencies like bad weather, terrorist attack, strikes dynamically to offer best customer experience at lowest cost. Passenger demand levels have been ever-changing and fuel prices can take all kind of curves. By applying OR in revenue management and demand planning, one can be strategic.

Flight Delays: Passengers not only care about cost, they care about flight delays as well. We can help airlines decide how can they assure passengers about delay without incurring excessive costs.

Fees: Excessive baggage and change fee can make one lose customers who have uncertain dates or extra baggage. Zero fees can lead to lower capacity utilization or higher fueling cost because of free cancellation at last minute and weight of the baggage. Scientifically deciding these fees can increase your market share without increasing your cost significantly. We can also help identifying amenities for improving passenger experience at optimal cost giving your market edge.

Contact Center Optimization: We can optimize staff used for making reservation, customer service, frequent flyer accounts etc. Along with reducing waiting time etc. We can also optimize staff used at check-in counters and maintaining low waiting times.

Airports: Decreasing airport layover time can lead to significant cost savings for airline industry. We can assist in identifying optimal airport staff, stand and gate assignment and baggage movement.

In summary, we can help airlines and airports maximize revenue with limited resources   understanding customer preferences to service millions of travelers each year efficiently.

Business problems include:

Crew Scheduling, Flight Scheduling, Flight Training, Fleet Assignments, Fleet Management, Airport Operations, Stand And Gate Assignment, Check-In Counter Assignment, Revenue Management, Maintenance Scheduling, Staff Planning, Cargo Planning, Fuel Optimization, Demand Planning, Vendor Selection, Contact Center Optimization, Flight Delay Analysis

Common Optimization Problems:

  • Network Design Problems
  • Multi-Commodity Network Flow Problems
  • Facility Location Problems
  • Bin Packing Problems
  • Travelling Salesman Problem

Advertising, Marketing and Search Engine Optimization

Strategy planning: Today’s highly diverse and competitive world of new media has also created increasing ‘clutter’ and decreasing viewer attention by giving too many options but we can help you by strategically diversify marketing and advertising efforts across different channels under budget and other constraints. In a continuously changing global economy, it is important to scientifically evaluate effects of marketing and advertising campaigns using OR.

Data Analytics: Today, we have ever-growing amounts of data but data is only useful when we can learn from it. We can help you identify what data is crucial to collect and what to make of existing data. Using this data, optimization gives organizations the power to make millions of automated decisions in order to maximize return on investments, while both expanding and improving customer relationships by providing the right people with the right messages at the right time.

Marketing Process: Best marketing approach can mean lot of convenience for potential customers and increased chances of sales. We can help you identifies right method and time to contact potential customer minimizing customer annoyance with limited staff.

Customization: In today’s competitive world, one size fitting all approach does not work. Therefore, customer segmentation and addressing churn rate is very important for strategic planning and has to be done dynamically.

Search Engine Optimization: Scope of OR is increasing day by day in form of sequencing results of different kind of searches. These searches can be searching for appropriate website, product, job, profile, location or partner matching customer’s preferences as much as possible using Goal programming. OR is not only used by travel industry but has helped travel search engines for searching flight, hotel and car rentals. When one goes to internet using search engines for best “high heel wide shoes”, all kind of optimization algorithms run in back end to bring best matching results. We can help you apply best practices of the area.

Business problems include:

Search Engine Results Optimization, Program Planning Scheduling, Automatic Auction Bidding, Customer Behavior Analysis, Customer Segmentation, Auto Bidding, Next Generation Advertising, Product Marketing, Targeted Political Campaigning, Inventory Management, Customer Relationship Management, Marketing Mix Models, Keyword Optimization For Search Engines

Common Optimization Problems:

  • Combinatorial Auction Problems
  • Linear Regression Problems
  • Knapsack Problems
  • Set Covering Problems
  • Scheduling Algorithms
  • Goal Programming