|U of M Will Launch Simulation and Optimization Lab March 1
For release: Feb. 27, 2007
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The marriage of simulation and optimization has created the new field of Simulation-Optimization (S-O), producing dramatic gains in business strategic planning and profitability. The University of Memphis’ FedEx Institute of Technology will inaugurate its Enterprise Simulation and Optimization Lab (eSOL) March 1. Activities will begin at 2 p.m. in the Institute’s Methodist Presentation Theatre, followed by a reception at 4 p.m.
Two of the pioneers of S-O and its applications will give the featured presentation – Dr. Fred Glover, chaired professor of systems science at the University of Colorado and chief technology officer of OptTek Systems Inc., and Dr. Jim Kelly, CEO of OptTek Systems. They will describe S-O technology and its growing impact on the businesses world, drawing examples from the fields of healthcare, business process management, capital investment, human resource management, and manufacturing.
Ian Gentis, senior research manager at FedEx Corporation, will give a presentation on optimization at FedEx.
“eSOL is an interdisciplinary research laboratory for advancing simulation and optimization technologies,” said Dr. Mehdi Amini, the lab’s co-director and professor of supply chain management at the U of M. “eSOL partners with academia, industry, and government to expand understanding of modeling, simulation and optimization, to solve business issues, and to develop optimal business strategies. Through collaborative research, development, and client consultation, eSOL produces tailored applications that enable clients to assess current operations, optimize policies and practices, anticipate future requirements, and conduct business case analysis of business opportunities.”
The U of M’s partners in eSOL are Navy Personnel Research, Studies and Technology (NPRST), the University of Colorado (Denver and Boulder campuses), OptTek Systems Inc., and the University of Missouri - St. Louis. David Cashbaugh, director of the Institute for Personnel Planning and Policy Analysis at NPRST, is the other eSOL co-director.
Reservations are requested for the event. To RSVP, call 901-678-3691 or e-mail firstname.lastname@example.org
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