Drug Delivery, Uncertainty, the Mom and Pop, and More - MIT CTL at INFORMS
Why we need operations and management research
From malaria testing to micro-retail stores to global business operations, a clear understanding of what is happening in the supply chain is essential to exist and succeed. Observation of operations and knowledge of human actions alone are not enough. According to W. Edward Demming, "The world is drowning in information but is slow in the acquisition of knowledge." MIT CTL and SCALE researchers take aim at the deluge of information and translate it into working knowledge with their applied research.