Ilya O. Ryzhov

IlyaRyzhov

Ilya Ryzhov is an Associate Professor of Operations Management in the Department of Decision, Operations and Information Technologies. He received his Ph.D. in Operations Research and Financial Engineering from Princeton University in 2011. His research deals with the role of information in decision analysis, exploring the way in which new information influences and improves decision-making strategies. Information has an economic value that can be measured and balanced against other economic concerns as part of the decision-making process. Dr. Ryzhov develops efficient ways to achieve this balance, with applications in pricing, revenue management, and optimization of energy costs. His work has appeared in Operations Research.

Finding the Best Path to Your Target

Political candidates, manufacturers and even online game designers can hit their performance targets with increased regularity using a new algorithm developed by professor Ilya O. Ryzhov at the University of Maryland’s Robert H. Smith School of Business.

The prediction model works best in situations where decision makers have a complex set of variables to consider and a predetermined target — rather than a general desire to maximize results as much as possible.

Ilya Ryzhov

Ilya Ryzhov is an Associate Professor of Operations Management in the Department of Decision, Operations and Information Technologies. He received his Ph.D. in Operations Research and Financial Engineering from Princeton University in 2011. His research deals with the role of information in decision analysis, exploring the way in which new information influences and improves decision-making strategies. Information has an economic value that can be measured and balanced against other economic concerns as part of the decision-making process. Dr.

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