{"id":807777,"date":"2025-02-03T08:33:46","date_gmt":"2025-02-03T13:33:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fico-honors-amazon-team-in-competition-for-groundbreaking-optimization-research\/"},"modified":"2025-02-03T08:33:46","modified_gmt":"2025-02-03T13:33:46","slug":"fico-honors-amazon-team-in-competition-for-groundbreaking-optimization-research","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fico-honors-amazon-team-in-competition-for-groundbreaking-optimization-research\/","title":{"rendered":"FICO Honors Amazon Team in Competition for Groundbreaking Optimization Research"},"content":{"rendered":"

<\/p>\n

FICO Honors Amazon Team in Competition for Groundbreaking Optimization Research<\/b><\/p>\n

FICO<\/i>\u00ae Xpress Solver used by Modeling and Optimization group at Amazon to perform important research work on improving the speed and efficiency of massive delivery networks<\/i><\/p>\n

BOZEMAN, Mont.–(BUSINESS WIRE<\/a>)–FICO (NYSE: FICO): <\/b>Global analytics software leader FICO today announced that a research team from Amazon was honored with a distinction in the 2024 FICO\u00ae Xpress Best Paper Award competition, acknowledging their outstanding research. Their academic paper presents research on how to optimize an extremely large delivery network, using FICO\u00ae Xpress Solver to perform the vast calculations required, involving hundreds of millions of variables.<\/p>\n

\nThe paper has been published in the renowned European Journal of Operational Research<\/i>: https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0377221723000371<\/a><\/p>\n

\nMore information: https:\/\/community.fico.com\/s\/blog-post\/a5QQi000002rzU1MAI\/fico5206<\/a><\/p>\n

\nThe growth in online retailing has created the need for extremely large, extremely efficient delivery networks that operate around the clock. The Amazon team studied the design of a low-cost fulfilment network that allows for the fast shipping of packages between origins (e.g., warehouses) and destinations (e.g., customer locations).<\/p>\n

\nService Network Design problems, as they are known, are considered very hard to solve efficiently. Existing research was mostly restricted to cases with a few hundred origins, destinations and commodities. Yet, using the powerful FICO\u00ae Xpress Solver<\/a>, the Amazon team developed a sophisticated heuristic approach that solves for thousands of origins and destinations, and more than 100,000 commodities.<\/p>\n

\n\u201cThis kind of problem involves half a billion variables and constraints, and the Amazon team did breakthrough work in this area at this scale,\u201d said Dr.<\/b>Timo Berthold, director of Mixed-Integer Optimization at FICO who co-manages the contest<\/b>. \u201cTheir work builds on resource-task networks, a modelling framework that is widely used in chemical engineering process design. The Amazon team developed a mixed-integer programming model that is solved by FICO Xpress and has wide applicability for extremely large computational problems with network flow underpinnings.\u201d<\/p>\n

\n\u201cThe potent API of Xpress enabled us to tailor our algorithms precisely to our needs, and the powerful optimization engine of FICO Xpress Solver was indispensable in achieving our results,\u201d said Cristiana L. Lara of Amazon\u2019s Modeling and Optimization group, who led the Amazon research team<\/b>. \u201cOur work has direct application to businesses like ours that rely on massive distribution networks.\u201d<\/p>\n

\nIn 2022, the FICO\u00ae Xpress Best Paper Award<\/a> was introduced to acknowledge exceptional research in Mathematical Optimization, Operations Research and related fields. Nominations for the 2025 award are due by February 14.<\/p>\n

\nRecognized as one of the fastest and most powerful optimization solvers, FICO\u00ae Xpress Solver<\/a> gives business users, data scientists and researchers greater power and flexibility when solving complex problems in supply chain optimization, energy, pricing and many other applications.<\/p>\n

About FICO<\/b><\/p>\n

\nFICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 80 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO\u00ae Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at www.fico.com<\/a>.<\/p>\n

\nLearn more at https:\/\/www.fico.com\/en<\/a>.<\/p>\n

\nJoin the conversation at https:\/\/twitter.com\/fico<\/a> & https:\/\/www.fico.com\/blogs\/<\/a>.<\/p>\n

\nFor FICO news and media resources, visit https:\/\/www.fico.com\/en\/newsroom<\/a>.<\/p>\n

\nFICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250203043427\/en\/<\/a><\/span><\/p>\n

\nJulie Huang
\n
press@fico.com<\/a><\/p>\n

KEYWORDS:<\/b> Montana United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Research Supply Chain Management Online Retail Professional Services Data Management Technology Retail Data Analytics Science Transport Logistics\/Supply Chain Management<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

FICO Honors Amazon Team in Competition for Groundbreaking Optimization Research FICO\u00ae Xpress Solver used by Modeling and Optimization group at Amazon to perform important research work on improving the speed and efficiency of massive delivery networks BOZEMAN, Mont.–(BUSINESS WIRE)–FICO (NYSE: FICO): Global analytics software leader FICO today announced that a research team from Amazon was honored with a distinction in the 2024 FICO\u00ae Xpress Best Paper Award competition, acknowledging their outstanding research. Their academic paper presents research on how to optimize an extremely large delivery network, using FICO\u00ae Xpress Solver to perform the vast calculations required, involving hundreds of millions of variables. The paper has been published in the renowned European Journal of Operational Research: https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0377221723000371 More information: https:\/\/community.fico.com\/s\/blog-post\/a5QQi000002rzU1MAI\/fico5206 The … <\/p>\n

Continue reading “FICO Honors Amazon Team in Competition for Groundbreaking Optimization Research”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-807777","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFICO Honors Amazon Team in Competition for Groundbreaking Optimization Research - Market Newsdesk<\/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:\/\/www.marketnewsdesk.com\/index.php\/fico-honors-amazon-team-in-competition-for-groundbreaking-optimization-research\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FICO Honors Amazon Team in Competition for Groundbreaking Optimization Research - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"FICO Honors Amazon Team in Competition for Groundbreaking Optimization Research FICO\u00ae Xpress Solver used by Modeling and Optimization group at Amazon to perform important research work on improving the speed and efficiency of massive delivery networks BOZEMAN, Mont.–(BUSINESS WIRE)–FICO (NYSE: FICO): Global analytics software leader FICO today announced that a research team from Amazon was honored with a distinction in the 2024 FICO\u00ae Xpress Best Paper Award competition, acknowledging their outstanding research. Their academic paper presents research on how to optimize an extremely large delivery network, using FICO\u00ae Xpress Solver to perform the vast calculations required, involving hundreds of millions of variables. The paper has been published in the renowned European Journal of Operational Research: https:\/\/www.sciencedirect.com\/science\/article\/abs\/pii\/S0377221723000371 More information: https:\/\/community.fico.com\/s\/blog-post\/a5QQi000002rzU1MAI\/fico5206 The … Continue reading "FICO Honors Amazon Team in Competition for Groundbreaking Optimization Research"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/fico-honors-amazon-team-in-competition-for-groundbreaking-optimization-research\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-03T13:33:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250203043427r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fico-honors-amazon-team-in-competition-for-groundbreaking-optimization-research\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fico-honors-amazon-team-in-competition-for-groundbreaking-optimization-research\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"FICO Honors Amazon Team in Competition for Groundbreaking Optimization Research\",\"datePublished\":\"2025-02-03T13:33:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fico-honors-amazon-team-in-competition-for-groundbreaking-optimization-research\\\/\"},\"wordCount\":704,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fico-honors-amazon-team-in-competition-for-groundbreaking-optimization-research\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20250203043427r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fico-honors-amazon-team-in-competition-for-groundbreaking-optimization-research\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/fico-honors-amazon-team-in-competition-for-groundbreaking-optimization-research\\\/\",\"name\":\"FICO Honors Amazon Team in Competition for Groundbreaking Optimization Research - 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