Wednesday, April 23, 2008

Edelman Award: The Oscar of O.R.

The 2008 Edelman award winner is...(drum roll please...)

The Netherlands Railways!
Traffic on the railway nearly doubled between 1970 and 2006, but its timetable had not changed, leading to commuting problems...

Restructuring increased the percentage of trains arriving within three minutes of schedule from 84.8 percent in 2006 to 87 percent in 2007, while the number of passengers increased 2 percent in the first six months of 2007.

Profit, meanwhile, rose $60 million and the changes made additional capacity available...
Read more about it here. Or watch the YouTube reward ceremony here - pretty dramatic stage, eh! That's why it's the Oscar of Operations Research. :)

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