Analytics Magazine Analytics Magazine, March/April 2014 | Page 61

In 2005, GM won the Franz Edelman Award from INFORMS for its work on production throughput analysis and optimization. Even when overall industry production capacity is above demand, it is usually the case that demand for certain “hot” vehicles exceeds planned plant capacities. In such cases, an increase in production capacity will generate larger profits via more sales revenue and/or overtime cost avoidance. GM’s operations research team analyzed production throughput using math models and s