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About The Young Optimization Crackerjack Contest by IEOR @ IITB & McKinsey Knowledge Centre India

Tips for solving the challenge

 

We are conducting help hour Slack session between 8PM and 9PM on 15 and 16 Feb 2018, Join Here.

 

Industrial Engineering and Operations Research at IIT Bombay (IEOR@IITBombay) and McKinsey Knowledge Centre India have partnered to create a challenging competition for people interested in Analytics.

 

Winners of the competition stand to win prizes worth rupees 1 Lakh+.

  • 1st Prize: Ipad pro
  • 2nd Prize: Bose wireless headphone
  • 3rd Prize: Kindle Oasis

 

IEOR Day @ IIT Bombay is a full day event focused on Operations Research and Analytics topics. Academicians and practitioners from the industry, across domains, will come together to discuss the latest and greatest of analytics on this day.

 

Ronald Coase had stated "If you torture the data long enough, it will confess". We hope that this competition will ignite the innovator in you and give you a glimpse of how data analytics techniques are useful in solving real life operations research problems.

 

Final Result (Post Interview Process)

Rank1: shashankjakka
Rank2: Akash063
Rank3: vbabu75

 

 

About McKinsey & Company

McKinsey & Company is a global management consulting firm that serves leading businesses, governments, non-governmental organizations, and not-for-profits. We help our clients make lasting improvements to their performance and realize their most important goals. We take a consistent approach to recruiting and developing our people, regardless of where they are based. This structure ensures that we can quickly deliver the right team, with the right experience and expertise, to every client, anywhere in the world.

 

McKinsey Knowledge Centre India (McKC) is an integral part of McKinsey & Company. Located in Gurgaon and Chennai McKC is the largest hub of global knowledge and analytics talent with over 1000 professionals across research, advanced analytics, digital, IT and other functions. Our analytics professionals work along side our global consulting teams to help our clients make lasting improvements and realize their most important goals. Today over 200 analytics professionals across a range of domains such as Operations, Supply Chain, Marketing & Sales, Risk call McKC their home.

 

About IEOR, IIT Bombay

Industrial Engineering and Operations Research (IEOR) at IIT Bombay focuses on methodologies for efficient system operations and optimal utilization of resources. It is strong in modeling and analysis of complex systems and building practical solutions. IEOR offers programs leading to MTech and Ph.D. degrees where students work on challenging problems related to supply chain management, logistics, pricing of services, etc.

 

Concepts and results from IE & OR are becoming increasingly important these days in almost all sectors of the economy viz., manufacturing, transport, service, agriculture, education, communication etc. With present day technology, various types of data, including the transactional type, are available relatively easily and designing appropriate decision-making algorithms is becoming a realistic goal, sought by competitive and forward-looking organizations in both private and public sector.

 

 

Contest Guidelines

  • The competition starts at 00:00 hours (UTC + 5:30 ) on 10th February, 2018 and closes at 23:59 hours on 19th February, 2017 (UTC + 5:30)
  • Participants can only use free open source software (MS-office is fine)
  • Individual participation only (no team formation)
  • One person cannot participate with more than one user account.
  • External data sets and sources cannot be used in the modeling exercise
  • Setting Final Submission with code file is mandatory for the leaderboard positions.
  • Winners will be required to make a presentation (over skype) to explain the algorithm and methodology of solving this problem

Registration Fee

Free