MIT professor of civil and environmental engineering, David Simchi-Levi, has been chosen by INFORMS to receive the organization’s prestigious Impact Prize. INFORMS is the leading international association of operations research and analytics professionals. The Impact Prize is presented every two years to an INFORMS member who has played an integral part in the widespread impact of their work in the practice of operations research. Simchi-Levi is the director of the MIT Data Science Lab. He is the current editor-in-chief of the INFORMS journal Management Science and the past editor-in-chief of the INFORMS journal Operations Research.
The recognition highlights Simchi-Levi’s leading role in developing and disseminating a new highly impactful paradigm for the identification and mitigation of risks in global supply chains. The new approach is meant to handle disruptions associated with unforeseen, low-probability, high-impact events. The new Risk Exposure Index approach analyzes supply chain resiliency, identifies hidden risks, and suggests mitigation strategies to address these risks. Simchi-Levi has worked to ensure that the concepts are accessible to a wide audience in academia, industry, and government. It’s already being utilized by the automotive and telecommunications industries, government agencies such as the UN Office for Disaster Risk Reduction, and logistics and consulting companies.
Professor David Simchi-Levi
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