CATONSVILLE, MD, October 26, 2020—INFORMS, the leading international association of operations research and analytics professionals, announced Dr. David Simchi-Levi, Ph.D., has been awarded the prestigious Impact Prize. Dr. Simchi-Levi is a renowned professor of engineering systems and the director of the Data Science Lab at the Massachusetts Institute of Technology. He is the current editor-in-chief of the INFORMS journal Management Science and the past editor-in-chief of the INFORMS journal Operations Research.
The Impact Prize is presented every two years to an INFORMS member who has played an integral part in the widespread impact of their work in the practice of operations research.
This recognition highlights Dr. Simchi-Levi’s leading role in developing and disseminating a new highly impactful paradigm for the identification and mitigation of risks in global supply chains. The new approach is meant to handle disruptions associated with unforeseen, low-probability, high-impact events. The new Risk Exposure Index (REI) approach analyzes supply chain resiliency, identifies hidden risks, and suggests mitigation strategies to address these risks. Dr. Simchi-Levi has worked to ensure that the concepts are accessible to a wide audience in academia, industry, and government. It’s already being utilized by the automotive and telecommunications industries, government agencies such as the UN Office for Disaster Risk Reduction, and logistics and consulting companies.
Stephen Graves, the Abraham J. Siegel professor of management at MIT and INFORMS President Elect, noted, “David Simchi-Levi's Risk Exposure Model has pioneered a new approach to supply chain resiliency that is practically relevant and academically elegant. The new approach allows companies to quantify and estimate exposure to disruption anywhere in their supply chain and provide insights about mitigation strategies. It also opened up a new line of research that others have followed.”
To learn more about the Impact Prize, click here.
About INFORMS
With more than 12,000 members from around the world, INFORMS is the largest international association of operations research (O.R.) and analytics professionals and students. INFORMS provides unique networking and learning opportunities for individuals and organizations to better understand and use O.R. and analytics tools and methods to save lives, save money, and solve problems.
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Media Contact
Ashley Smith
Public Affairs Coordinator
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Catonsville, MD
[email protected]
443-757-3578