DataFramed #284 How Optimization Powers Decision Intelligence with Duke Perrucci & Ed Klotz, CEO and Senior Mathematical Optimization Specialist at Gurobi Optimization
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Feb 17, 2025 Duke Perrucci, CEO of Gurobi Optimization, brings over 25 years of experience in analytics, while Ed Klotz, a Senior Mathematical Optimization Specialist, boasts 30 years in the field. They dive into how optimization drives decision intelligence in industries like logistics and finance. The duo emphasizes the importance of clean data and collaboration when implementing optimization techniques. They also discuss the fusion of optimization with machine learning, the transformative impact of generative AI, and the need for effective change management in rapidly evolving environments.
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Optimal Decisions
- There's a significant difference between making a good decision and making the optimal decision.
- Gurobi aims to help businesses make optimal decisions by considering all variables and constraints.
McDonald's Scheduling
- Duke Perrucci gives an example of scheduling a McDonald's workforce to illustrate optimization's complexity.
- Factors like employee availability, overtime costs, and break guidelines must be considered.
Power Grid Optimization
- Power distribution in the U.S. presents another complex optimization challenge.
- Independent System Operators (ISOs) manage power production and distribution across large grids.