Analytics Magazine Analytics Magazine, November/December 2014 - Page 55

Members of the AOE Consultant and Analyst team, including CEO Tom Svrcek (front row, fourth from right), founder Mitchell Burman (back row, eighth from right) and co-founder Jim Schor (front row, second from right). and improve the balance sheets at their portfolio companies. By conducting sophisticated analyses at the most detailed level, AOE leverages big data to identify profitable improvements with the highest confidence and precision. In addition to delivering insights and analyses, AOE often produces custom-made software solutions for clients to use in their strategic, tactical and operational decision-making processes. Company History Mitchell Burman and James Schor founded AOE in 1994 while they were graduate students under the guidance of a na l y t i c s Dr. Stanley Gershwin at MIT, working together on real-time scheduling projects for manufacturers including Johnson & Johnson, Boeing and Hewlett-Packard. These projects included building a capacity-evaluation model that ran in seconds instead of months for the HP inkjet-printer division. This allowed Burman and his HP associates to identify bottlenecks that were disrupting production and to propose changes to sharply improve production with little added cost. With the demand for printers exploding, their solution resulted in $280 million in increased sales, and the project was a finalist for the 1997 Edelman Prize. This n o v e m b e r / d e c e m b e r 2 014 | 55