FICO Honors Amazon Team in Competition for Groundbreaking Optimization Research
03 2월 2025 - 10:30PM
Business Wire
FICO® 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
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® 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® 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 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).
Service 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® Xpress Solver, the
Amazon team developed a sophisticated heuristic approach that
solves for thousands of origins and destinations, and more than
100,000 commodities.
“This kind of problem involves half a billion variables and
constraints, and the Amazon team did breakthrough work in this area
at this scale,” said Dr. Timo Berthold, director of
Mixed-Integer Optimization at FICO who co-manages the contest.
“Their 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.”
“The 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,”
said Cristiana L. Lara of Amazon’s Modeling and Optimization
group, who led the Amazon research team. “Our work has direct
application to businesses like ours that rely on massive
distribution networks.”
In 2022, the FICO® Xpress Best Paper Award was introduced to
acknowledge exceptional research in Mathematical Optimization,
Operations Research and related fields. Nominations for the 2025
award are due by February 14.
Recognized as one of the fastest and most powerful optimization
solvers, FICO® Xpress Solver 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.
About FICO
FICO (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® 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.
Learn more at https://www.fico.com/en.
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version on businesswire.com: https://www.businesswire.com/news/home/20250203043427/en/
Julie Huang press@fico.com
Fair Isaac (NYSE:FICO)
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Fair Isaac (NYSE:FICO)
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