CDR, COSCR and LIDA Seminar: We need to talk about Kevin…
- Date: Wednesday 2 May 2018, 14:00 – 15:00
- Location: Business School Maurice Keyworth SR (1.32)
- Type: Seminars and lectures
- Cost: Free
This seminar is co-hosted by the Centre for Decision Research (CDR), Centre for Operations and Supply Chain Research (COSCR) and Leeds Institute for Data Analytics (LIDA).
Professor Kostas Nikolopoulos will present a brief history of forecasting and predictive analytics. Through a series of cases from his research with industry he will also demonstrate the challenges and gains in using hierarchical – especially temporal – forecasting in practice. There will be a lot of focus on the things that remain under-researched and rarely discussed in the theory and practice of forecasting such as:
- Risk
- Black and grey swans
- Intermittence
- A holistic framework to bring all these together from a risk perspective
The first case study addresses spatiotemporal hierarchies to support preparation and response to major earthquakes, focusing on mitigating risks from rare events, the so-called 'Black Swans'. The second case study looks at insurance application, while the third and fourth come from highly regulated industries in healthcare and food processing.
For further information, please contact The Research Office at Research.LUBS@leeds.ac.uk
About the speaker
Professor Kostas Nikolopoulos holds the Chair in Business Analytics in Bangor Business School and is the Director of the forLAB forecasting laboratory; he also has several years of experience in the UK and Greece as Consultant and Software Engineer in projects with Siemens Healthcare Diagnostics, DoH, RevOil and the Treasury and Home Office (in Greece).
Kostas believes that efficient and effective Decision Making should be driven from accurate Forecasts and an understanding of the Uncertainty around them; he actively researches on the latter two topics.