BALTIMORE, MD, November 12, 2024 – New research in the INFORMS journal Manufacturing & Service Operations Management is guiding the development of more inclusive and efficient electricity markets. The work demonstrates how aggregating small-scale, distributed energy resources (DERs) like solar panels can effectively balance the power of large utility companies.
Global supply chains are undergoing an irrevocable shift. While material flows remain critical, they are only the most visible aspect of this transition. Beneath the surface, changes in information exchanges, financial reconfigurations, and human capital movements are posing far greater risks to the benefits of global trade. The US, China, and the rest the world must handle these changes with care and perspective.
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John Hopkins Carey Business School professor, Tinglong Dai, on the federal government’s announcement that they are allowing states to vaccinate anyone over 65 and those with preexisting conditions.
Clay Travis: “This was the most irresponsible single piece of journalism having to do with college football that was published anywhere in the country. CBS Sports should apologize to their entire audience because they wrote a piece based on University of Illinois computer science professional Sheldon Jacobson saying ‘I guarantee someone is going to die if they play a college football season.’ He also said the FBS level would see ‘3-7 deaths’. ‘A few of them could end up in a hospital and you’ll have a small number who could die. I don’t want to sugarcoat it for you, I just want to give you the facts’… IT DIDN’T HAPPEN.
The National Security Commission on Artificial Intelligence (NSCAI) has been busy in recent months, as it should be. The stakes are high when you look at the role artificial intelligence will play at nearly every level of national security in the years ahead. To underestimate the impact of AI on our nation’s safety and security is to do so at great risk. The biggest risk would be to neglect the recruitment, retention and training of elite human warfighters who will drive the successful deployment of AI. Like many in the fields of operations research, analytics, and data science, we have been closely following the work and recommendations of the NSCAI with a keen and specific eye as veterans.
A new study by Yale SOM’s Edward Kaplan and Scott Rodilitz, based on data from a long-running survey of migrants who have returned from the United States to Mexico, estimates that the number of undocumented immigrants in the United States is 19.6 million, far exceeding widely accepted estimates. Kaplan is the William N. and Marie A. Beach Professor of Operations Research, professor of public health, and professor of engineering; Rodilitz is a doctoral student in operations at Yale SOM. Their study appears in the journal Risk Analysis, the flagship publication of the Society for Risk Analysis.
Machine learning can be an effective tool to set competitive prices. Artificial intelligence has its limits on how to set the most effective prices due to variables beyond the seller's control. Over the long term supracompetitive pricing can result. Machine learning and artificial intelligence (AI) are perfectly suited to help companies and marketers monitor and set prices based on real-time dynamic pricing. But new research has identified some possible unintended consequences of AI in this area.
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