Is supply chain management strategic or tactical? Are the best supply chains collaborative? Should the goal be an integrated supply chain or an integrative supply chain? The answers are a mixed bag, ...

In this article, as in industry, advanced process control (APC) refers primarily to multi-variable control. Multivariable control means adjusting multiple single-loop controllers in unison, to meet ...

Artificial intelligence- (AI-) based optimization software has been used to improve fossil steam power plant boiler operations for more than 15 years. The technology has come a long way since the ...

“ABS is first and foremost a safety company,” says Richard Korpus, “but safety can arise on many different fronts. It can refer to the safety of a high-valued asset, for the people who work on that ...

We had our first taste of the problem with mean-variance optimization at a hedge fund some years back. We loaded the positions into an optimizer, pressed the button, and discovered 25% of the ...

We were visiting a hedge fund some years back when we had our first taste of the problem with mean-variance optimization—the tool advisors use to balance risk and reward in client portfolios. We ...