Keynote Presentation


Keynote Speech 1: Analytics for Tackling Covid-19

 

Professor Georgia Perakis

Professor Georgia Perakis
Editor-in-Chief, Manufacturing & Service Operations Management

Abstract


In this talk I will discuss how Analytics have helped for tackling the COVID-19 pandemic. I will present work from various groups but will mostly focus on the work of my team related to COVID-19 this past year. I will discuss the MIT-Cassandra model that is a suite of models that are part of an ensemble method for COVID-19 case and death prediction. I will discuss the individual methods and what motivated them and then the ensemble method and show how they perform with data in the US. I will discuss how these models are comparing relative to other models also used by the CDC. I will further connect these predictions with detecting true infection (also referred to as prevalence). Finally, I will discuss how these methods and results can be used to distribute vaccines in different counties (or areas) within a state (or country) to a heterogeneous population, through optimization, ensuring fair distribution among the different counties. We will show how the proposed optimization model performs in the different counties in the state of Massachusetts.
(The MIT-Cassandra team includes in addition to myself my students (current and former): Amine Bennouna, David Nze-Ndong, Boyan Peshlov, Divya Singhvi, Omar Skali-Lami, Yiannis Spantidakis, Leann Thayaparan, Asterios Tsiourvas, Shane Weisberg)

Biography


Georgia Perakis is the William F. Pounds Professor of Management and a Professor of Operations Research, Statistics and Operations Management at the MIT Sloan School of Management. She has been on the faculty at MIT Sloan since July 1998.
Perakis teaches courses and performs research in analytics, optimization, machine learning with applications in pricing, revenue management, supply chain and healthcare among others. At MIT over the years, she has taught in a variety of programs such as undergraduate, MSc, PhD, MBA and EMBA programs across MIT. For her teaching, Perakis won the Graduate Student Council Teaching Award in 2002 as well as the Jamieson Prize in 2014 for excellence in teaching and the Teacher of the Year award (among all faculty at the MIT Sloan School) in 2017.
In her research, she investigates the theory and practice of analytics. She is particularly interested on how to solve complex and practical problems in pricing, revenue management, supply chains, healthcare and energy applications among many others. She has widely published in some of the flagship journals of the field such as Operations Research, Management Science, M&SOM, Mathematics of Operations Research, Mathematical Programming and POM among others.
She has received the CAREER Award from the National Science Foundation and the PECASE Award from the Office of the President on Science and Technology. In 2016, she was elected as an INFORMS Fellow, and in 2021 as Distinguished MSOM Fellow. Both of these recognize individuals for lifetime achievement to the field. In addition, her work has received recognition with awards such as the TSL Best Paper Award, the Best Paper competition of the Informs Service Science Section several times as well as Best Application of Theory Award from NEDSI (Northeast Decision Sciences Institute) Conference among others. Her work on promotions with the Oracle RGBU was a finalist at the Practice Award of the RMP Section of INFORMS in 2015. In addition, her work on predicting demand for new products with Johnson & Johnson won first place at the Applied Research Challenge Competition in 2018. Her paper with Oracle as well as her work with Wayfair both received honorable mentions in the M&SOM practice based best paper competitions in 2019 and 2021 respectively. Her work was also a finalist at the JD.com competition at the 2019 POM conference as well as in the IAAA (Innovative Applications of Analytics Award). Her paper on subsidies received the 2019 best paper award published in Management Science in the last three years. Finally, her work with her PhD students has also been recognized with several awards including the MSOM Society best student paper award, the Service Science best student paper award, the RMP best dissertation award, the CBOM best student paper award and the POM Supply Chain best student paper award.
Perakis has passion supervising PhD, masters and undergraduate students and builds lifelong relationships with them. So far, she has graduated twenty-seven PhD and fifty-two Masters students. In 2012, she received the Samuel M. Seegal Award for inspiring student to achieve excellence.
Currently, and since July 2019, she has been serving as the faculty co-director of the Operations Research Center (interdepartmental PhD program at MIT reporting to the Schwartzman College of Computing and MIT Sloan). In addition, since July 2017, she has also been serving as the faculty director of the Executive MBA (EMBA) program at MIT Sloan. In the past, from 2009 to July 2015, Perakis served as the Sloan faculty co-director of the Leaders for Global Operations (LGO, former LFM) Program at MIT (joint program between the Sloan School and the School of Engineering). She has also served as the group head of the Operations Management group at MIT Sloan School from 2010-2017.
Perakis is currently the Editor in Chief of the M&SOM journal. She has also served as America’s editor in chief of the Journal of Pricing and Revenue Management. She has served as Department Editor for the journal Service Science in the area of Analytics and as an Associate Editor for the flagship journals of the field: Management Science, Operations Research, MSOM, the INFORMS Journal on Optimization, and as a senior editor for POM. She has served as the chair of the RMP Section of INFORMS and as the VP of Meetings of the MSOM Society of INFORMS.
Perakis holds a BS in mathematics from the University of Athens as well as an MS in applied mathematics and a PhD in applied mathematics from Brown University.

Keynote Speech 2: Lessons from the COVID-19 Pandemic for Production and Operations Management

 

Professor John Birge

Professor John Birge
Editor-in-Chief, Operations Research

Abstract


The COVID-19 pandemic has affected human activity over the past two years in many ways. Changes have been particularly strong for mobility, communication, logistics, and the application of rational decision making, which form the core of production and operations management (POM). This talk will review some of these changes and the lessons they provide for the future development of POM.


Biography


Professor John R. Birge earned a Bachelor’s degree in mathematics from Princeton University in 1977 and a Master’s degree and a PhD in operations research from Stanford University in 1979 and 1980, respectively. He joined the Chicago Booth faculty in 2004, and is currently the Jerry W. and Carol Lee Levin Professor of Operations Management at the University of Chicago Graduate School of Business. Previously, he was Dean of the McCormick School of Engineering and Applied Science and Professor of Industrial Engineering and Management Sciences at Northwestern University (1999-2004). He also served as Professor and Chair of Industrial and Operations Engineering and chair and founder of the Financial Engineering Program at the University of Michigan (1993-99).
Professor Birge was the 6th President of the Institute for Operations Research and the Management Sciences (INFORMS), and is currently the Editor-in-Chief of Operations Research, which is a flagship journal for the operations research community since its inception in the 1950s. He is also a member of the INFORMS, the Mathematical Programming Society, the Mathematical Association of America, and Sigma Xi.
Professor Birge studies mathematical modeling of systems under uncertainty, especially for maximizing operational and financial goals using the methodologies of stochastic programming and large-scale optimization. He was first drawn to this area by a need to use mathematics in a useful and practical way. Professor Birge explains, “my research has shown how special problem structure can allow for efficient solution of complex problems of decision making under uncertainty.” This research has been supported by the National Science Foundation, the Ford Motor Company, General Motors Corporation, the National Institute of Justice, the Office of Naval Research, the Electric Power Research Institute, and Volkswagen of America.
Professor Birge has published widely and is the recipient of the Best Paper Award from the Japan Society for Industrial and Applied Mathematics, the Institute for Operations Research and the Management Sciences Fellows Award, and the Institute of Industrial Engineers Medallion Award. He was also elected to the National Academy of Engineering. Professor Birge has worked as a consultant for a variety of firms including the University of Michigan Hospitals, Deutsche Bank, Allstate Insurance Company, and Morgan Stanley, and he uses cases from these experiences in his teaching.