{"id":1846,"date":"2022-02-23T15:19:49","date_gmt":"2022-02-23T15:19:49","guid":{"rendered":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/speakers\/filippo-focacci-copy\/"},"modified":"2022-02-23T16:10:53","modified_gmt":"2022-02-23T16:10:53","slug":"thomas-willemain","status":"publish","type":"page","link":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/speakers\/thomas-willemain\/","title":{"rendered":"Thomas Willemain"},"content":{"rendered":"\n
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Thomas Willemain<\/h1>\n

Co-founder at Smart Software, Inc., Professor Emeritus of Industrial and Systems Engineering at Rensselaer Polytechnic Institute <\/h5>\n

Tom is co-founder of Smart Software, Inc. of Belmont, MA and Professor Emeritus of Industrial and Systems Engineering at Rensselaer Polytechnic Institute. He has served as Distinguished Visiting Professor at the Federal Aviation Administration and as Expert Statistical Consultant at the National Security Agency. He holds the BSE degree (summa cum laude) from Princeton and the Ph.D. degree from MIT.<\/p> <\/div>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n

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Executive<\/p> <\/div>\n<\/div>\n\n

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Track: Supply Chain Analytics<\/h6> <\/div>\n<\/div>\n\n
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Dominating the Inventory Battlefield: Fighting Randomness With Randomness<\/h2>\n

Inventory management is a constant war against randomness in demand and supply. This is true whether the inventory owner is a manufacturer, distributor, or MRO organization. This presentation shows how next-generation analytics provide the tools to dominate this battlefield, including (1) regime change filtering to maintain data relevance against sudden shifts in the operating environment, (2) bootstrapping methods to generate large numbers of realistic demand and lead time scenarios to fuel models, (3) discrete event simulations to process the input scenarios and expose the links between management actions and key performance indicators, (4) stochastic optimization based on simulation experiments to tune each item for best results. Without the analytics, inventory owners have two choices: sticking with rigid operating policies usually based on invalid rules of thumb and probably well beyond their sell-by dates, or resorting to guesswork that may not help and does not scale.<\/p> <\/div>\n<\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n","protected":false},"excerpt":{"rendered":"

Thomas Willemain Thomas Willemain Co-founder at Smart Software, Inc., Professor Emeritus of Industrial and Systems Engineering at Rensselaer Polytechnic Institute Tom is co-founder of Smart Software, Inc. of Belmont, MA and Professor Emeritus of Industrial and Systems Engineering at Rensselaer Polytechnic Institute. He has served as Distinguished Visiting Professor at the Federal Aviation Administration and […]<\/p>\n","protected":false},"author":1001094,"featured_media":1607,"parent":256,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"class_list":["post-1846","page","type-page","status-publish","has-post-thumbnail","hentry","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"acf":[],"yoast_head":"\nThomas Willemain - 2022 INFORMS Business Analytics Conference<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/speakers\/thomas-willemain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Thomas Willemain\" \/>\n<meta property=\"og:description\" content=\"Thomas Willemain Thomas Willemain Co-founder at Smart Software, Inc., Professor Emeritus of Industrial and Systems Engineering at Rensselaer Polytechnic Institute Tom is co-founder of Smart Software, Inc. of Belmont, MA and Professor Emeritus of Industrial and Systems Engineering at Rensselaer Polytechnic Institute. 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He has served as Distinguished Visiting Professor at the Federal Aviation Administration and as Expert Statistical Consultant at the National Security Agency. He holds the BSE degree (summa cum laude) from Princeton and the Ph.D. degree from MIT.<\/p>\n<p>Executive<\/p>\n<h6>Track: Supply Chain Analytics<\/h6>\n<h2>Dominating the Inventory Battlefield: Fighting Randomness With Randomness<\/h2> <p>Inventory management is a constant war against randomness in demand and supply. This is true whether the inventory owner is a manufacturer, distributor, or MRO organization. This presentation shows how next-generation analytics provide the tools to dominate this battlefield, including (1) regime change filtering to maintain data relevance against sudden shifts in the operating environment, (2) bootstrapping methods to generate large numbers of realistic demand and lead time scenarios to fuel models, (3) discrete event simulations to process the input scenarios and expose the links between management actions and key performance indicators, (4) stochastic optimization based on simulation experiments to tune each item for best results. Without the analytics, inventory owners have two choices: sticking with rigid operating policies usually based on invalid rules of thumb and probably well beyond their sell-by dates, or resorting to guesswork that may not help and does not scale.<\/p>","_links":{"self":[{"href":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/wp-json\/wp\/v2\/pages\/1846","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/wp-json\/wp\/v2\/users\/1001094"}],"replies":[{"embeddable":true,"href":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/wp-json\/wp\/v2\/comments?post=1846"}],"version-history":[{"count":5,"href":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/wp-json\/wp\/v2\/pages\/1846\/revisions"}],"predecessor-version":[{"id":1884,"href":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/wp-json\/wp\/v2\/pages\/1846\/revisions\/1884"}],"up":[{"embeddable":true,"href":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/wp-json\/wp\/v2\/pages\/256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/wp-json\/wp\/v2\/media\/1607"}],"wp:attachment":[{"href":"https:\/\/meetings.informs.org\/wordpress\/analytics2022\/wp-json\/wp\/v2\/media?parent=1846"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}