Rick Keller, an MPAS student here at the Mount, presented a paper at the Southeast Decision Sciences Institute (SEDSI) undergraduate student research paper competition held in Williamsburg, VA on February 19, 2016. Rick won first place in the competition, really making the Richard J. Bolte School of Business proud.
Competing in the SEDSI undergraduate student research paper competition is a rigorous process. Rick had to first submit his research paper through a double-blind review process where the reviewers, faculty members and the student’s identity is concealed. In addition to the review process, Rick had to make an oral presentation of his work at the conference.
One of the books used in the Operations and Supply Chain Management class is “The Goal” by Eliyahu Goldratt. The concepts highlighted in this narrative driven book are applied in the context of a manufacturing plant. Rick adopted several concepts from “The Goal” and applied them to his real-estate business. The challenging part of this research problem was being able to clearly delineate between the two contexts: processes in the manufacturing context and the real estate process. For example, process times are typically known and constant; however, in the real estate business, the process times for each stage is different for each buyer.
In his presentation, Rick was able to clearly show how the unique context of the real estate business required modifications to some of the original concepts. By making these adaptations, Rick was able to show marked improvement in his volume processing capacities, his bottom-line, and more importantly the additional available time that he now uses to spend time with his lovely family.
SEDSI is the southern member of the Decision Sciences Institute, a professional organization of academicians and practitioners interested in the application of quantitative and behavioral methods to the problems of society.