Promising new 2013

Although the economy is still in a difficult situation and I don’t dare to predict or forecast how it’ll be for 2013, I already know that for me, as an OR-er will be a promising year. During these years I have been nurturing leads and building my reputation and skills: that’s called investment; I hope 2013 will be the year when a return will be seen.

I don’t know if you are aware, but last October I moved to London, where I’m lecturing Economics in a sessional basis at GSM London. At the same time, I’m trying to feed a new company, Business Research & Applications, devoted to the application of OR to the small businesses; at the moment I’m focused in the mobile app development. Further, I’m engaging in a very entertaining project related to social media strategy (I’ll talk to you in the following months about it).

And, of course, I can’t forget my Spanish work-in-progress with SocialMediaBlog.es¬†about Social Media ROI, with K|P|K and Econcult about Impactrimonio, and my PhD thesis about the economic value of culture.

So, don’t you think 2013 seems promising?

Social Media for Researchers and Consultants

During all these years I have been using social media as another tool for researching. Now it is the time for sharing all what I have learned and show the no initiated researcher and consultant to start using it for helping with the researching process, the dissemination of the results (if needed), and the enhancement of the personal or corporate brand.

 

 

The OR Society has agreed to consider it under its umbrella and the course will be offered as part of the 2013 Training Guide as a full-day hands-on session. You can find more information and register at the official website: http://www.theorsociety.com/Pages/Training/Courses/3241.aspx

Scaling down OR is an opportunity

A lot of researchers and practitioners make good use of Operational Research (OR) in order to optimise, solve problems and real life issues, and help make better decisions. However, I have been concerned about the scale of the projects that are being publicised; maybe it is that only the big guys problems or the massive OR deployments are the ones that get to be known. Or maybe, as OR-ers we are losing the big opportunity to use our knowledge for the good of the small and medium businesses (SMBs).


Taking this into account, from Matter of BIZ I have started to develop small software apps that bring ‘old models’ to the mobile phones of SMBs owners and managers. Take for instance, our first two apps:

 

  • Simple Z-Score Calculator; an implementation of Altman’s Z-score index to help estimate business default.

Android app on Google Play

  • Simple EOQ Calculator; it calculates the optimal order size either when demand is certain (EOQ model) or uncertain (Newsvendor model).

Android app on Google Play

 

As you see, last century models; ‘oldies but goldies’, models that are taught at introductory OR and management courses alike, but that, as far as I know, SMBs do not use even when they could obtain better efficiencies. So, what do you think? Is scaling down OR a real opportunity? Is this the best way to promote OR within small businesses?

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