Advanced Analytics
Model Review & Validation
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Case Study
A leading transportation company sought to evaluate and upgrade its already significant use of advanced analytics. The company retained Princeton Consultants to demonstrate how incorporating new data sources, improved algorithms, and a corresponding shift in business processes will result in better economics, service, nimbleness, consistency, and transparency.
Princeton Consultants evaluated the forecasting and optimization models used in operational decision making. The outputs of the forecasting models were used as inputs to a sequence of optimization models. The review and validation uncovered the following:
The company’s analytics leaders found that the independent nature of Princeton Consultants’ validation and review was important in finding opportunities to improve the use of the models in their operational systems. As a result, they will further contribute to the company’s competitive advantage through analytics.