PINAKI MAJUMDAR
Jamshedpur, May 27: Tata Steel has been awarded the prestigious Franz Edelman Finalist Award by the Institute for Operations Research and Management Sciences (INFORMS), USA.
Recognised as the world’s leading Operations Research and Analytics Award, this accolade celebrates successful industrial applications of operations research.
Optimisation of Continuous Annealing Process project
Tata Steel’s project on the Optimisation of Continuous Annealing Process was selected as a finalist after a rigorous three-month assessment by INFORMS Society assessors.
In the steel industry, continuous annealing is crucial for controlling the quality of cold-rolled steel strips through heat treatment.
The project demonstrated significant improvements in quality, reduction in specific fuel consumption, and decreased carbon-di-oxide emissions.
Also Read- Jharkhand Tender Scam: Key decision-makers, beneficiaries linked to Minister under ED scanner
The Tata Steel team, with support from their academic consultant, IIT Bombay, successfully implemented this innovative solution, showcasing the power of analytical decision-making in industrial processes.
Tata Steel, IIT Bombay inducted as members of Franz Edelman Academy
This achievement places Tata Steel alongside esteemed global organisations such as American Airlines, McDonald’s China, ALDI Süd Germany, Molslinjen Denmark, and Transvision Netherlands, all of whom were finalists.
During the Edelman Gala night, Tata Steel and IIT Bombay were inducted as members of the prestigious Franz Edelman Academy.
Membership in the Franz Edelman Academy signifies a distinguished contribution to the field of analytics and inspires other organisations to explore opportunities for improvement through innovative applications of analytics.
