|
OR/MS Today INFORMS News Posted: 2/17/03 Subdivision Awards The following awards were presented by subdivisions at the INFORMS Meeting in San Jose: College on Simulation Goldsman served as associate proceedings editor for the 25th anniversary of the Winter Simulation Conference in 1992 and as program chair for WSC'95. He currently represents the Institute of Industrial Engineers on the WSC Board of Directors. Goldsman has distinguished himself through his service as Simulation Department editor of IIE Transactions (1993-present), associate editor of the Simulation Department of Management Science (1988-1992) and as associate editor of Operations Research Letters (1990 to present). Goldsman conceived the idea of the College's Lifetime Professional Achievement Award (LPAA) in 1994 and served as the chair of the LPAA Selection Committee during the initial years of its operation. During his term as College on Simulation president, Goldsman initiated the creation and ongoing maintenance of the COS Web site. Another major initiative of Goldsman's tenure as president was to oversee the College's transition during the merger of TIMS and ORSA to INFORMS.
Applied Probability Society Kou was cited for his "high quality work in several areas of applied probability, ranging from important sampling in tandem queues to the analysis of 2X2 contingency tables sin medicine to models in political science and financial engineering." The Prize Committee noted that Kou's work in financial engineering was principally responsible for his winning the Erlang Prize. "In collaboration with his dissertation advisor Joannis Karatzas, [Kou] departed from the traditional frictionless trading assumption to the Black-Scholes model, and showed that when constraints are imposed on trading, the price may no longer be uniquely determined but must fall within a no-arbitrage interval. This work is well-known and highly regarded within the mathematical finance community."
INFORMS Computing Society
CPMS The award recognized the team's outstanding work in the area of managing characteristics of a bank's cardholder portfolio in an optimal manner. The annual percentage rate (APR) and credit line of an account are critical factors that influence card usage and bank profitability. Lower APRs and higher credit lines are more attractive to consumers. However, APRs that are too low may reduce bank profitability, while indiscriminate line increases many dramatically increase credit loss exposure. Bank One's PORTICO (Portfolio Control and Optimization) system selects price points and credit lines for each cardholder that maximizes net present value for the portfolio, given constraints on quantities, such as risk of default. The winning team developed PORRICO using Markov Decision Process methodology. The model outperforms the current methodology and has a potential impact of more than $75 million.
Decision Analysis Society Publication Award: The Decision Analysis Society of INFORMS presented its 2002 Publication Award to Sylvia Jansen, Anne Stiggelbout, Marianne Nooij, Evert Noordijk, Job Kievit and Peter Wakker of the University of Amsterdam for their paper, "Unstable Preferences: A Shift in Valuation or an Effect of the Elicitation Procedure?" Practice Award: The Decision Analysis Society of INFORMS presented its 2002 Practice Award to Jeff Stonebraker of the Bayer Corporation for his work entitled "Commercial Evaluation of a Blood Clot-Busting Drug." Student Paper: The Decision Analysis Society of INFORMS presented its 2002 Paper Competition Award to Veronika Kobberling for the paper, "Strength of Preference and Cardinal Utility."
Health Applications Section Bonder Scholarship: The Health Applications Section of INFORMS presented the 2002 Bonder Scholarship for Applied Operations Research in Health Applications to Xuanming Su of Stanford University.
Military Applications Society Koopman Prize (2001): The Military Applications Society of INFORMS presented the 2001 Koopman Prize to Israel David of Ben-Gurion University of the Negev for his outstanding paper entitled, "Safe Distances." Bonder Scholarship: The Military Applications Society of INFORMS presented the 2002 Bonder Scholarship for Applied Operations Research in Military Applications to Noah Richmond of Stanford University.
Transportation Science Section Dissertation Prize: The Transportation Science Section of INFORMS presented the 2002 Dissertation Prize to Alvin Lim of Johns Hopkins University for the paper, "Transportation Network Design Problems: An MPEC Approach," and to Iris Vis of Erasmus Universiteit Rotterdam for the paper, "Planning and Control Concepts for Material Handling Systems."
Telecommunications Section
Optimization Section
QSR Section
Rail Applications
Technology Management Section Dissertation Award: The Technology Management Section of INFORMS presented the 2002 Best Dissertation Award to C. Annique Un of MIT for the thesis, "Organizational Capabilities, Knowledge and Innovation: Strategies for Developing the Capability to Mobilize and Create Knowledge for Innovation," and to Riitta Katila of the University of Texas at Austin for the thesis, "In Search of Innovation: Search Determinants of New Product Introductions."
Organization Science |