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@optimizeyou-blog
Creating SIPs from Forecasts
Creating SIPs from Forecasts
Sam Savage, author of "The flaw of averages" explains why we underestimate risk in the face of uncertainty. This is the third video of three on which Sam Savage demonstrates how probability management can cure the flaw of averages.
First Lady of South Africa, Miss Bongi Ngema-Zuma, presents the Global Business Action on Health Award to ORTEC Consulting Group CEO, Lambert van der Bruggen.
Short movie about COMETS the, GBC award winning, tool ORTEC developed for North Star Alliance.
Recently, during ORTEC’s CEE Customer Day in Bucharest, Romania, North Star Alliance’s Executive Director, Luke Disney, had an opportunity to address ORTEC staff and customers to explain a bit about North Star’s work, and how our partnership with ORTEC has ensured access to health care for some of Africa’s most hard-to-reach populations.
The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty II
Probability Management in Action
Sam Savage, author of "The flaw of averages" explains why we underestimate risk in the face of uncertainty. This is the second video of three on which Sam Savage demonstrates how probability management can cure the flaw of averages.
The Flaw of Averages: Why We Underestimate Risk in the Face of Uncertainty
Sam Savage, author of the flaw of averages explains why we underestimate risk in the face of uncertainty
“For decision-making factories today, the key raw material is information. The contemporary transformation, occurring in an environment of Big Data, is called Big Optimization.”
Steve Sashihara from Princeton Consultants on Big Data and Big Optimization.
Have you ever been to your local grocery store and get paid at the checkout instead of paying for the contents of your shopping cart? In the European electricity markets this was the case a couple of times in the past few years. Electricity prices turned negative due to excess supply of electricity and low demand. In Europe, electricity comes from various sources. A mix of coal, gas nuclear, hydro and a rising number of wind and solar power plants provide the electricity. Current technology doesn’t allow storing electricity efficiently yet, so demand and supply must be matched at all times, with price as the principle mechanism to steer supply. On the electricity market, the lowest bidder looking to supply the grid with electricity wins. Since wind and sun come at no cost, subsidies for wind or solar power production allow for bids below €0 per unit while the electric company is still making a profit. Also because nuclear, hydro and coal fired power plants can’t be shut down without considerable cost, electric companies sometimes bid below €0 per unit, simply because the cost of shutting down and restarting is higher.
ORTEC Consulting Group Recognized as Finalist in 2013 Business Action on Health Award
Gouda, The Netherlands: ORTEC Consulting Group announced today that it has been selected as a finalist for the 2013 GBCHealth Business Action on Health Awards in recognition of its contribution to optimizing the logistical processes of North Star Alliance (North Star), a not-for-profit organization established in 2006 to build a network of roadside health clinics across Africa. The GBCHealth Business Action on Health Award recognizes companies that exemplify a spirit of innovation and help set the agenda for addressing today's most important global health challenges. The awards represent a key opportunity to recognize success and best practices, while providing powerful examples that inspire others to redouble their own efforts.
We are thrilled and excited with this selection. This means much to us and to North Star Alliance. Being a finalist for the 2013 GBCHealth Business Action on Health Awards means recognition on the highest possible platform.” With optimization techniques you can achieve more with less or, so-to-say, much, much more with the same. In the field of humanitarian logistics this means simply saving more lives, reaching more people with aid and healthcare and contributing to the welfare of communities.” Lambert van der Bruggen, CEO ORTEC Consulting Group North Star works to establish a network of drop-in health clinics, called Roadside Wellness Centers along major transport corridors in low-income communities across Africa. The clinics offer healthcare and health information to mobile populations and corridor community members who are often unable to access conventional community or in-company-based health services. ORTEC Consulting Group supports North Star on a pro bono basis with the development of a customized client health registration and passport system, called COMETS. COMETS creates an electronic file for each visiting client enabling each person’s information to be exchanged between the various centers, so treatments can be continued across different locations. COMETS is accessible for staff without advanced computer skills and is resilient to common operational challenges like power outages and breaks in connectivity. The latest version will help Medical Officers diagnose medical conditions and prescribe appropriate treatment. In the future, innovations such as biometric identification will be introduced. In addition to COMETS, ORTEC Consulting Group launched a new system in 2011 called POLARIS, which combines information from a wide range of sources including COMETS data, traffic flows, commodity flows, and costs to improve North Star’s planning and decision-‐making on the ground. The system helps to ensure that future and existing Roadside Wellness Centers are strategically placed, and that the mix of health and safety services is optimal. In 2012, 218,762 people visited North Star clinics to receive counselling, testing, treatment and essential health information. Each of these patients health information was stored, monitored, and evaluated using COMETS.
Patterns
On March 19th John Poppelaars will be lecturing about patterns at Museum Gouda.
The lecture is called: “Patterns from tile to buying behavior.”
John Poppelaars is director of consulting of ORTEC Consulting Group, one of the partners of Museum Gouda. In the 23 years of his career he upheld his motto: "improving the quality of decisions" by using mathematics to analyze and improve the performance of organizations
Next to his work at ORTEC, John is chairman of the Dutch Society of Operations Research, and a keen blogger about optimization: http://john-poppelaars.blogspot.nl/ The lecture is called: Patterns from tile to buying behavior. “…The tiles on the floor of the main hall or the parquet in the other rooms of the museum form a visually recognizable pattern. They divide the floor into small repeating units. From a mathematical standpoint, the pattern is simple: squares and or rectangles. Still, with some of these simple shapes and a few colored tiles, patterns are made with a breathtaking beauty and enormous complexity. Such as the patterns in the Moorish buildings from the Middle Ages. It’s the math that allows for this complexity. Patterns are not only useful for designing floors. Recognizing patterns in large sets of data: data mining has soared over the last few years. Or the search for patterns in behavior that predict terrorist plans,informs banks and shops about your creditworthiness and even what we will buy in the supermarket next week.
Please visit the site of Museum Gouda (Dutch) to find out more about this lecture.
Alhambra Palace, Granada, Spain from Victoria and Albert Museum on Vimeo.
"...Managers today face an apparent contradiction. On one hand, austerity in the developed world and intense competition push them to cut costs and drive efficiencies. On the other, the increasing pace of change means they need to emphasize innovation.
Resolving this contradiction requires ambidexterity—the ability to both explore new avenues and exploit existing ones. Companies need ambidexterity when operating in diverse environments that require different styles of strategy simultaneously, or in dynamic environments that require them to transition between styles over time. Companies need to be ambidextrous when operating in both emerging and developed markets, when bringing new products and technologies to market while exploiting existing ones, when integrating startups into their existing business, and in a range of other circumstances...."
"Allied scientists during World War II produced radar and other breakthroughs still in use today. Marc Levinson reviews Stephen Budiansky's "Blackett's War."
Patton. Yamamoto. Montgomery. Zhukov. Rommel. Nimitz. Seven decades later, the names of the men who commanded the armies and navies in the great battles of World War II are still familiar. But as Stephen Budiansky shows persuasively in "Blackett's War," the outcome of the war hung on the work of a far more obscure group of fighters: the physicists, biologists and mathematicians who applied scientific thinking to battlefield problems. By teaching Allied military leaders to use their resources effectively and asking hard questions to challenge established wisdom, the scientists revolutionized warfare and contributed mightily to Germany's defeat. In the process, they created a new discipline, operations research, which plays a vital role in business to this day."
ORTEC Consulting Group is a core partner of North Star Alliance.
ORTEC Consulting Group supports North Star with the development of a customized client health registration and passport system, called COMETS. COMETS creates an electronic file for each visiting client enabling each person’s information to be exchanged between the various centers, so treatments can be continued across different locations.
COMETS is accessible for staff without advanced computer skills and is resilient to common operational challenges like power outages and breaks in connectivity. The latest version will help Medical Officers diagnose medical conditions and prescribe appropriate treatment. In the future, innovations such as biometric identification will be introduced.
In addition to COMETS, ORTEC Consulting Group launched a new system in 2011 called POLARIS, which combines information from a wide range of sources including COMETS data, traffic flows, commodity flows, and costs to improve North Star’s planning and decision-‐making on the ground. The system helps to ensure that future and existing Roadside Wellness Centres are strategically placed, and that the mix of health and safety services is optimal.
Restoration Erasmus Portrait Completed
One of the special pieces in Museum Gouda is a 16th-century portrait of Desiderius Erasmus. The great philosopher spent his childhood in Gouda.
The portrait is painted on terracotta and mounted on an oak plaque, which is painted black and signed in with the dates of the birth and death of Erasmus. Remarkably the text mentions that Erasmus was conceived in Gouda and born in Rotterdam. After months of restoration by restorer Patricia Ortiz the portrait is on exhibiotion again. On January 31 Gouda’s Mayor Schoenmaker and ORTEC Consulting Group CEO Lambert van der Bruggen officially unveiled the restored portrait.
ORTEC Consulting Group is an official partner of Museum Gouda and facilitated the restoration of the Erasmus portrait.
A nicely illustrated video that details Value Chain Management.
