Dec. 22, 2009
FREDERICTON (CNB) - A partnership between the Department of Transportation and the Fredericton-based company Remsoft is among six finalists nominated for the Franz Edelman Award for Achievement in Operations Research and the Management Sciences.
The nomination for the Operations Research component of New Brunswick's Asset Management System was selected from among more than 30 entries, and is the only Canadian entry to make the list of finalists.
Transportation Minister Denis Landry praised department staff, Remsoft and its software, as well as the companies X-Wave and Opus for their contributions to the business framework.
"The fact we are a finalist demonstrates that our province is a leader in innovation," said Landry. "This New Brunswick-built solution is a model for other jurisdictions to manage highway and bridge assets along with potential projects. Our asset management system helps identify the right treatment at the right time to make improvements to our roads at the lowest cost to taxpayers."
The Edelman Award is offered by the Institute for Operations Research and Management Science (INFORMS), based in Hanover, Md.
"We enthusiastically congratulate the Department of Transportation for being a finalist in this strongly contested award that giants HP and IBM were competing for last year," said Steve Palmer, co-chief executive officer of Remsoft. "It is gratifying to see our software recognized globally and implemented locally to sustainably manage our province's infrastructure."
Operations research is a scientific approach to solving management and operational problems. It uses advanced mathematical techniques, often embedded within computer models, to help companies make decisions about organizational structure, the allocation of resources, production and logistics. Since the award's inception, nearly $160 billion in benefits have been tabulated among finalists.
The 2010 Franz Edelman Award will be announced in April after an extensive review involving 28 judges from around the world. Last year's winner was the Hewlett Packard Supply Chain.
MEDIA CONTACTS: Andrew Holland, communications, Department of Transportation 506-453-5634; Sandi MacKinnon, Remsoft Marketing, 506-450-151, ext 231.