Navigation Links
Innovative R&D prioritization tool earns Baxter the 2009 INFORMS Decision Analysis Award
Date:11/2/2009

The Institute for Operations Research and the Management Sciences (INFORMS) today announced that Baxter Healthcare is the winner of the INFORMS Decision Analysis Society Practice Award.

The 2009 award was presented for "SPRINT: A Decision Analysis Based System for Prioritizing R&D Investments at Baxter Healthcare," by Phil Beccue of Baxter Healthcare and Chris Dalton of Syncopation Software.

"The Baxter submission excelled in both its scope and impact," said J. Eric Bickel, chair of the award committee and a professor of operations research and industrial engineering at the University of Texas Austin. "The testimonials regarding the benefits of decision analysis were truly exceptional."

Baxter invests nearly $1 billion annually on innovative science to develop specialty therapies and medical products. Baxter developed SPRINT to bring financial rigor and insights to the tradeoffs required in the company's global research and development decision making. As a portfolio system combining Excel spreadsheets and DPL decision analysis software, SPRINT captures technical and commercial uncertainty, and is based on an efficient web-based design to collect, manage, and analyze R&D data.

The INFORMS Decision Analysis Practice Award is given annually to the best decision analysis application, as judged by a panel of Society members. The intent of this award is to recognize, promote, and publicize good decision analysis practice. It includes a cash prize of $750 and assistance in getting the work published in a suitable journal such as Decision Analysis or Interfaces if the winner so desires. Previous publication of the work does not preclude it from consideration for this award.

The finalists also included "Decision Support for Patients at the UCSF Breast Care Center," by Jeff Belkora, Shelley Volz, Meredith Loth, and Alexandra Tang of the University of California San Francisco and "Modular Influence Diagrams and Warranty Cost Reduction" by Robert Bordley of General Motors.

The INFORMS Decision Analysis Society Practice Award was presented last month at the INFORMS annual meeting, which took place in San Diego. More than 4,000 professionals and academics attended the annual conference.


'/>"/>

Contact: Barry List
barry.list@informs.org
443-757-3560
Institute for Operations Research and the Management Sciences
Source:Eurekalert

Related biology news :

1. Innovative civil engineering application promises cleaner waters
2. M2SYS Partners With Gnosis Medical Services to Provide Accurate Patient Identification in Developing Countries Through Innovative Biometrics Solution
3. NIST announces 56 new awards for innovative technology research and development
4. BIO-key International Showcasing Innovative Public Safety Solutions at 2007 IACP Conference
5. Einstein researchers receive grants totaling $700,000 for innovative breast cancer research
6. Raydiance collaborates with Rutgers, MTF to develop innovative tissue processing approaches
7. JDRF awards University of Copenhagen professor with grant to conduct innovative diabetes research
8. Innovative model connects circuit theory to wildlife corridors
9. Web-Hosted Attendance on Demand(R) Introduces Innovative Web Time Clock
10. Colorado Engineering Firms Win NASA Grant to Develop Innovative Insulation for Next Generation Spacecraft - Super-Insulation May Allow Future Energy Efficient Appliances
11. Geisinger piloting innovative laboratory specimen processing instrument
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2016)... IRVINE, Calif. , May 24, 2016 Ampronix facilitates superior patient care ... LMD3251MT  3D medical LCD display is the latest premium product recently added to ... ... ... Sony 3d Imaging- LCD Medical Display- Ampronix News ...
(Date:5/9/2016)... 9, 2016 Elevay is currently ... expanding freedom for high net worth professionals seeking travel ... globally connected world, there is still no substitute for ... duplicate sealing your deal with a firm handshake. This ... taking advantage of citizenship via investment programs like those ...
(Date:4/26/2016)... BANGALORE, India and LONDON ... Infosys Finacle, part of EdgeVerve Systems, a ... ), and Onegini today announced a partnership to ... banking solutions.      (Logo: http://photos.prnewswire.com/prnh/20151104/283829LOGO ... banks to provide their customers enhanced security to ...
Breaking Biology News(10 mins):
(Date:6/23/2016)... ... June 23, 2016 , ... ... launch of the Supplyframe Design Lab . Located in Pasadena, Calif., the ... future of how hardware projects are designed, built and brought to market. , ...
(Date:6/23/2016)... (PRWEB) , ... June 23, 2016 , ... In a ... Hospital in Denmark detail how a patient who developed lymphedema after being treated for ... The results could change the paradigm for dealing with this debilitating, frequent side effect ...
(Date:6/23/2016)... June 23, 2016  Blueprint Bio, a company dedicated ... the medical community, has closed its Series A funding ... . "We have received a commitment from ... we need to meet our current goals," stated ... the runway to complete validation on the current projects ...
(Date:6/23/2016)... On Wednesday, June 22, 2016, the NASDAQ Composite ... Jones Industrial Average edged 0.27% lower to finish at 17,780.83; ... has initiated coverage on the following equities: Infinity Pharmaceuticals Inc. ... NKTR ), Aralez Pharmaceuticals Inc. (NASDAQ: ARLZ ), ... more about these stocks by accessing their free trade alerts ...
Breaking Biology Technology: