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2006 News

Release: Springer Announces Book “Adaptive Business Intelligence”

ADELAIDE, SOUTH AUSTRALIA, 6 December 2006 — Springer has just published the book �Adaptive Business Intelligence� (http://www.springer.com/3-540-32928-5). As most business managers now realize, there is a world of difference between having good knowledge and detailed reports, and making smart decisions, and Dr. Michalewicz is convinced that the future of the business intelligence industry lies in systems that can make decisions, rather than tools that produce detailed reports.

The book’s first author, Dr. Zbigniew Michalewicz, was a keynote speaker at the International Conference on Computational Intelligence for Modelling, Control and Automation, CIMCA 2006, in Sydney last week. CIMCA 2006, organized jointly with the International Conference on Intelligent Agents, Web Technologies and Internet Commerce, brought together researchers and practitioners in the area of computational intelligence, representing an industry of growing importance and relevance to all business enterprises. (More)

Release: McGuigan Simeon Wines Awards Scheduling Optimization Contract to SolveIT Software

ADELAIDE, SOUTH AUSTRALIA, 16 November 2006 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that it has signed a contract with McGuigan Simeon Wines for the delivery of a software system that will optimize crush scheduling.

Under the terms of the agreement, SolveIT Software will use its proprietary optimization platform to develop a crush scheduling system for McGuigan Simeon Wines. Based on a collection of adaptive Artificial Intelligence technologies, the software system will maximize equipment and labor utilization, while also taking into account complex business rules and unexpected changes.

“Our partnership with SolveIT Software is looking to revolutionize the precision of decision–making within such a traditional division of our organization, namely our annual harvest and vintage crush over all our wine production sites.” said Mr. Ryan Klose, Chief Information Officer of McGuigan Simeon Wines. (More)

Article: The Perfect schedule

ADELAIDE, SOUTH AUSTRALIA, 1 October 2006 (In Business Magazine) — Summary — Scheduling problems come in all shapes and sizes, ranging from the scheduling of production lines and human resources, through to transportation and distribution networks. Because scheduling touches upon so many business processes—including production, distribution, transportation, engineering, maintenance, and more—most supply–chain experts consider it to be a mission–critical activity. We don’t need to look far to see just how diverse scheduling problems can be.

For instance, the Detmold Packaging Group, a specialist converter of paper and board–based products and one of the larger manufacturers of paper packaging products in Australia and the Asia regions, produces 7,000 different products through a complex planning and scheduling process. “The products have to be grouped, prioritised, and allocated to machines,” said Tim Welsh, Site Manager at Detmold Packaging. (More)

Release: Dr. Fred Glover Awarded Honorary Doctorate Degree

ADELAIDE, SOUTH AUSTRALIA, 20 September 2006 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that Dr. Fred Glover, world–renowned authority on Artificial Intelligence and a member of the company’s Scientific Advisory Board, has been awarded an Honorary Doctorate Degree from the Ukraine National Academy of Sciences.

“This is certainly a well deserved honor,” said Dr. Zbigniew Michalewicz, SolveIT Software co–founder and Chairman. “Dr. Glover’s contributions to mathematics and operations research are fundamental, and many of his ideas have been implemented in real–world applications in a variety of different areas.” (More)

Article: The Business of Producing a Best Seller

ADELAIDE, SOUTH AUSTRALIA, 1 September 2006 (The Adelaidean) — The notion that the fate of a business may rest with one word – credibility – is both a scary and an exciting prospect. For father and son team, Matthew and Zbigniew Michalewicz, it’s pure commonsense. The fact that their book Winning Credibility topped the best sellers’ list at Dymocks’ Adelaide store in its second week of release, provides solid proof of that belief system. Winning Credibility is the result of a successful formula: mixing the magic ingredients of business nous with technological expertise and adding a dash of pure marketing genius. (More)

Release: Major Intelligent Island Program Proceeds

HOBART, TASMANIA, 8 August, 2006 — The Federal Minister for Communications, Information Technology and the Arts, Senator Helen Coonan, and Tasmanian Premier Paul Lennon today welcomed the appointment of a panel to recommend applications for funding under the Market Access and Partnerships Program (MAPP). The seven person panel includes Matthew Michalewicz, CEO Of SolveIT Software.

“This is an important step in progressing MAPP in Tasmania, an initiative which will benefit both the Tasmanian ICT industry and the wider Tasmanian economy,” Senator Coonan said. “The panel members have been appointed on the basis of their wide–ranging experience and expertise in technology, finance, management and commercialisation.”

Mr Lennon said: “This industry—based panel will assess applications against the Market Access and Partnerships Program’s selection criteria and will make recommendations to the Intelligent Island Project Executive. Their expertise and experience will be instrumental in identifying the best and most promising applications from the Tasmanian ICT industry.” (More)

Release: Intercast & Forge Implements SolveIT Software’s Production Line Scheduling Optimizer

ADELAIDE, SOUTH AUSTRALIA, 7 August, 2006 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today the implementation of its Production Line Scheduling Optimizer at Intercast & Forge. The system is based on SolveIT Software’s proprietary optimization platform, and will be used by Intercast & Forge to maximize production–line utilization and throughput by optimizing the sequence of production orders.

“A fourfold increase in production capacity over the last few years has translated into a tenfold increase in the complexity of our scheduling over the same time period,” said Mr. Michael Amey, Chief Financial Officer at Intercast & Forge. “Going from one production line with one constraint, to three larger lines with multiple constraints, proved to be a real scheduling challenge. Using the system developed by SolveIT Software and tailored specifically to our needs, we will be able to change scheduling from somewhat of a black art, to a more robust solution that will enable us to optimize our production facilities.” (More)

Article: From Rags to Riches, Credibility the Key

ADELAIDE, SOUTH AUSTRALIA, 18 July, 2006 (Advertiser) — Summary — Credibility is the key to building a successful business, says Adelaide–based entrepreneur and academic Matthew Michalewicz. Matthew, who is the Chief Executive Officer of SolveIT Software, and his father, Zbigniew Michalewicz, the Chair Professor of Artificial Intelligence at Adelaide University, will next week launch their book Winning Credibility: A guide for building a business from rags to riches. (More)

Release: SolveIT Software Founders Sign Book Publishing Contract with Springer

ADELAIDE, SOUTH AUSTRALIA, 22 June, 2006 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that several of the company’s founders have signed a publishing contract with international book publisher Springer, headquartered in Heidelberg, Germany. The book, entitled Adaptive Business Intelligence, was authored by SolveIT Software founders Dr. Zbigniew Michalewicz, Dr. Martin Schmidt, Mr. Matthew Michalewicz, and Mr. Constantin Chriac, and will be released in August of this year.

Adaptive Business Intelligence will be showcased by Springer at both the Genetic and Evolutionary Computation Conference (GECCO) in Seattle, Washington on July 8–12, 2006 and the IEEE World Congress on Computational Intelligence in Vancouver, BC, Canada on July 16–21, 2006. Additional information is available on www.AdaptiveBusinessIntelligence.com (More)

Article: Adapting IT to Suit You

ADELAIDE, SOUTH AUSTRALIA, 30 May, 2006 (In Business Magazine) — Summary — For many businesses, adaptive software systems are a necessity. Detmold Packaging Group, a specialist converter of paper and board–based products and one of the larger manufacturers of paper packaging products in Australia and the Asia regions, views adaptability as a highly desired feature in software systems.

“We deal with constant change in our business, and there’s a very real need for software systems that can adapt,” said Tim Welsh, Site Manager at Detmold Packaging. “Ideally, as our organisation undergoes change, our software systems should be able to adapt to this change.” (More)

Release: SolveIT Software CEO Appointed as South Australia Business Ambassador

ADELAIDE, SOUTH AUSTRALIA, 4 May, 2006 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that the company’s Chief Executive Officer, Mr. Matthew Michalewicz, was appointed as a Business Ambassador for the state of South Australia.

The South Australia Business Ambassador Network (SABAN) currently consists of approximately 230 influential business leaders invited by the Premier of South Australia to be Business Ambassadors for the State. Business Ambassadors identify opportunities to promote business migration, tourism and business tourism, attracting and retaining talent, inward investment, importing, exporting and bilateral trade. (More)

Release: Intercast & Forge Awards Scheduling Optimization Contract to SolveIT Software

ADELAIDE, SOUTH AUSTRALIA, 7 March, 2006 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that it has signed a software contract with Intercast & Forge for the delivery of a scheduling optimization system.

Intercast & Forge is Australia’s largest independent iron foundry group with two plants, one in Adelaide, South Australia and the other in Sydney, New South Wales. Under the terms of the agreement, SolveIT Software will use its proprietary optimization platform to develop a production-line scheduling system for Intercast & Forge. The software system will be delivered at the end of June this year, and will be used to maximize production-line utilization and throughput by optimizing the sequence of production orders. (More)

Release: SolveIT Software Signs Three-Year Agreement with Dentsu

TOKYO, JAPAN and ADELAIDE, SOUTH AUSTRALIA, 14 February, 2006 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that it has signed a three-year agreement with Dentsu Inc. (TSE: 4324) headquartered in Tokyo, Japan.

“Under the terms of the agreement, SolveIT Software will provide Dentsu with advanced software solutions and consulting services in the areas of multi-objective optimization and forecasting,” said Dr. Martin Schmidt, Chief Technology Officer, SolveIT Software.

Dentsu Inc., founded in 1901, is the largest advertising company brand and the fifth largest marketing and communications organization in the world. The group has more than 6,000 clients and 15,302 employees* in both Japan and in its offices overseas. Consolidated billings (net sales) for fiscal year 2004 were recorded at 1,910.4 billion yen. *As of March 31, 2005 (More)

Release: Dr. Fred Glover Joins Scientific Advisory Board of SolveIT Software

ADELAIDE, SOUTH AUSTRALIA, 13 February 2006 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that world-renowned authority on Artificial Intelligence, Dr. Fred Glover, has joined the company’s Scientific Advisory Board.

“I am delighted to join SolveIT Software’s eminent Scientific Advisory Board,” said Dr. Fred Glover. “The far-sightedness of SolveIT Software’s founders in creating a board composed of such high caliber individuals is the best assurance I can imagine that the pioneering innovations underlying SolveIT Software will continue to lead the field of practical optimization in the future. It’s a special pleasure to be part of such a team.”

With the addition of Dr. Fred Glover, the Scientific Advisory Board of SolveIT Software now consists of 21 international experts in the field of Artificial Intelligence, who have collectively published thousands of research articles. (More)

Article: Fuzzy Logic to Rank Dutch Giant's Stocks

SYDNEY, NEW SOUTH WALES, 7 February 2006 (The Australian) — Summary — ABP, the world’s second largest pension fund, has awarded a big contract to the University of Adelaide to design an advanced stock market trading system.

The system will be jointly developed with Adelaide firm SolveIT Software, co-founded by evolutionary computation expert and University of Adelaide professor of computer science Zbigniew Michalewicz. The system will be based on adaptive evolutionary algorithms and fuzzy logic.

“Rather than having one trading rule with fixed parameters about when to buy or sell, this system constantly evolves as new information comes into the market to update what the trading rules are,” said Professor Ralf Zurbruegg, from the International Centre for Financial Services. “It is quite novel. Nobody else, as far as we are aware, has developed something like this.” (More)

Article: Planning Your Manufacturing System

ADELAIDE, SOUTH AUSTRALIA, 1 February 2006 (In Business Magazine) — Summary — As manufacturing and production becomes increasingly geared toward global markets, the popularity of Manufacturing Resource Planning (MRP II) systems continues to grow. In simple terms, MRP II systems plan and control the production and material flow in a company. They have their roots in the inventory control systems of the 1950’s, as well as the Material Requirements Planning (MRP) systems of the 1960’s – 1970’s.

When it comes to upgrades, Tim Welsh, Site Manager at the Detmold Packaging Group, makes several great points: “A company should first maximize what it’s got, buy additional technology when growth demands it, and introduce new software at a rate at which the business can absorb it.” These are wise tips for all of us to remember. (More)

Release: SolveIT Software teams with mhm

ADELAIDE, SOUTH AUSTRALIA, 30 January 2006 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that it has entered into a teaming agreement with business advisory firm mhm.

SolveIT Software and mhm will work jointly on projects to provide a “total IT solution” from development through to delivery and application of tailored programs and services.

“We are very excited about the formation of this partnership,” said Mr. Stephen Potter, a Partner with mhm’s Information Services and Strategy (IS&S) division. “We believe our leading business consulting and information management skills, coupled with the unrivalled technical capabilities of SolveIT Software, will deliver a range of outstanding solutions to the Australian market.” (More)

Release: SolveIT Software CEO to Speak at Playford Capital Event

ADELAIDE, SOUTH AUSTRALIA, 16 January, 2006 — SolveIT Software Pty Ltd, a premier provider of Profit Optimization software solutions for Global 1000 companies and government organizations, announced today that the company’s Chief Executive Officer, Matthew Michalewicz, will be a guest speaker at Playford Capital’s first breakfast seminar for the year held on the 15th of February in Adelaide, Australia.

Matthew Michalewicz’s presentation, entitled “Winning sales, investors, and media by making your small business look big,” will discuss many novel and “out of the box” solutions for overcoming the common hurdles that small companies encounter when selling to large clients, raising capital, securing media coverage, and more. (More)