If you are considering adopting prescriptive analytics to improve your processes, a rigorous study of past projects shows that you can improve between 10% and 20%.
Prescriptive analytics: optimisation and simulation
Although prescriptive analytics is not a newcomer, thanks to the attention brought about by big data, machine learning and others, the family’s “older sister” is now much better received. However, due to the lack of knowledge that has existed so far…
Three different methods to solve the travelling salesman problem
The travelling salesman problem The travelling salesman problem (TSP) consists on finding the shortest single path that, given a list of cities and distances between them, visits all the cities only once and returns to the origin city. Its origin is…
Webinar: How to synchronize complex routing operations (synched VRPs) with Gurobi
Last September 2nd, Álvaro García and Hugo Larzábal hosted a webinar sponsored by Gurobi aimed at planners in the Logistics, Transportation, Delivery, Courier or Travel, Tourism & Hospitality industries titled “How to synchronize complex routing operations (synched VRPs) with Gurobi” Surging…
Webinar: AI + Prescriptive Analytics – from logistics optimization to pricing
We took part in the webinar “Artificial Intelligence with Prescriptive Analytics: from Logistics Optimization to Pricing,” organized by Big Data Magazine and iNetwork, to share how, at Baobab Soluciones, we combine machine learning, artificial intelligence, and mathematical optimization to improve decision-making…
ROI of Prescriptive Analytics applications
When money is invested in an application to achieve savings or increase the income of a company, it is convenient to estimate its Return of Investment to decide if acquiring or developing the application is worth it. In the case of…
6 keys to implementing advanced analytics projects in your company
6 keys to implementing advanced analytics projects in your company Let us share with you some key learnings from projects in the advanced analytics domain. 2. It is about people. Understand their problem. Prescriptive analytics tools do not replace people; they offer…
Ant Colony Optimisation Algorithm
In the discipline of Operations Research, the Ant Colony Optimization algorithm (ACO) is a technique to solve complex combinatorial problems inspired by the behaviour shown by ants in nature, swarm intelligence. This algorithm was first proposed by Marco Dorigo in 1992….
How to improve the Euroleague regular season calendar?
The Turkish Airlines Euroleague is Europe’s top basketball competition, heir to the legendary European Cup. This season 2019-20, it will unite eighteen of the best teams from all over Europe, namely Spain, Russia, France, Italy, Greece, Turkey, Lithuania, Germany, Serbia and…
The origins of Operations Research and Prescriptive Analytics
Operations Research, like so many other disciplines, thrived for such a non-constructive reason as war. The 30s During the pre-war escalation of the 1930s, Germany aimed for air dominance in Europe and it increased the power and reach of its air…
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