Vivek Farias (Patrick J. McGovern (1959) Professor and Professor of Operations Management), along with several students in his research group and a team at Anheuser-Busch InBev, has received the 2022 Daniel H. Wagner Prize for Excellence in the Practice of Advanced Analytics and Operations Research from the Institute for Operations Research and the Management Sciences (INFORMS). This award recognizes the successful use of operations research, analytics, and innovative mathematics in practice.
Farias' winning paper, “Generalized Synthetic Control for TestOps at ABI: Models, Algorithms, and Infrastructure,” was co-authored with MIT students Tianyi Peng, Luis Costa, Patricio Foncea, and Jingyuan (Donna) Gan; and from Anheuser-Busch InBev, Ivo Rosa Montenegro, Ayush Garg, Dusan Popovic, and Kumarjit Pathak.
More information about their work that “results in millions in monthly revenue” with its “profound applications of analytics and O.R. to understand experimental power relative to alternatives using physical retail experiments and the platform, ‘TestOps’,” is in the prize announcement.
The award was presented in October during the INFORMS Annual Meeting in Indianapolis, IN.