Profit From Science
Business Laboratory was founded in 2009 with the idea that businesses can profit from science. Here we use science, most commonly mathematics, to help organizations understand the dimensions of complex business problems that come their way every day. We use simulation models to guide the path toward more informed decision-making and strategy.
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Case Studies
Optimization of Jet Fuel Costs
The Problem
A US national air carrier sought to complete by becoming the smartest jet fuel buyer in the industry.
Our Solution
Create a simulation model of the route system so that intricate buying/refueling strategies could be developed and tested.
Marine Logistics
The Problem
Offshore energy production facilities require a steady stream of materials delivered by boat. A missed or late delivery could have a substantial cost impact.
Our Solution
A simulation model was created as a shared collaboration between the service provider and the offshore customer. Each contributed to the "lean service" optimization of the logistics fleet.
Pandemic Flu Outbreak
The Problem
Key flu outbreaks in 2008 caught federal and state health agencies by surprise, resulting in shortages of equipment and delays in patient care.
Our Solution
We simulated a hypothetical outbreak in Alabama to allow state and federal health officials to role play a series of outbreaks to identify barriers to response.