The Franz Edelman Award, the Oscar at the Academy Awards of the OR world, is named after the founder of the Operations Research division within RCA.
Transvision has been nominated as a finalist for prestigious Franz Edelman Award 2024, which recognizes exceptional contributions to advanced analytics, operations research and management science. This nomination marks a significant achievement for Transvision, a progressive mobility solutions company, in collaboration with CQM and Geodan. Their joint project, aimed at improving the mobility of people with mobility disabilities in the Netherlands, has generated significant social impact.
The development of an advanced algorithm and simulation applications by Transvision, in collaboration with CQM and Geodan, has revolutionized the way older people and people with physical disabilities travel in the Netherlands. The implementation of this technology has led to a significant improvement in the punctuality of transport services, reduction of travel times and an impressive 50 percent increase in passenger satisfaction. Since its introduction in 2020, no less than 75 million driving kilometers have been saved, which corresponds to a reduction of 7.500 metric tons of CO2 emissions. Furthermore, the COVID pandemic has proven the robustness, flexibility and scalability of the algorithm, making it considered future-proof.
The Franz Edelman Award, also known as the Oscar of the operations research world, is presented by INFORMS, the world's largest association for decision and data sciences. Named for Franz Edelman, a pioneer in integrating operations research into business processes at RCA, the award recognizes significant contributions that save lives, save money and solve complex problems. Previous winners include leading organizations such as Walmart, the Government of Chile, the UN World Food Program, Intel and the Louisville Metropolitan Sewer District, highlighting the prestigious nature of the award.
The competition for the Franz Edelman Award 2024 is impressive, with other renowned finalists including ALDI SÜD Germany, American Airlines, McDonald's China, Molslinjen, and Tata Steel Limited.
The competition for the 2024 edition of the Franz Edelman Award is impressive, with finalists such as ALDI SÜD Germany, American Airlines, McDonald's China, Molslinjen and Tata Steel Limited, all of whom have made revolutionary contributions in their fields. Despite previous attempts, in which CQM came close to winning in 2004 with a project for Philips, and despite the successes of former CQM members Hein Fleuren and Dick den Hertog who previously won the prize, the ambition to win the main prize this time is strong present within the team.
With the final in sight, which will take place during the INFORMS Analytics Conference in Orlando, Florida, from April 14 to 16, 2024, Transvision is busy preparing. These include writing a scientific article for the INFORMS Journal on Applied Analytics, presenting and producing a finalist-worthy video for the gala. The team secretly dreams of the moment when they can take the stage to receive the award, a testimony to their hard work and dedication to socially relevant innovations.
