10th Anniversary Celebration
About ORFE
Welcome to the Department of Operations Research & Financial Engineering, part of the School of Engineering and Applied Science at Princeton University. ORFE is engineering for business, commerce, and industry.
Our students are innovators and entrepreneurs. They acquire the skills to become leaders in finance, information technology, management consulting, operations planning and insurance. Our researchers develop tools used to make better decisions, improve performance of complex systems, and manage resources efficiently.
The Department was formed in 1999 and traces a distinguished history to activities at Princeton between 1930 and 1960.
CASTLE Laboratory receives the 2009 Daniel H. Wagner Prize presented at INFORMS 2009.
Hugo Simao and Warren Powell were recipients of the 2009 Wagner Prize awarded by Informs for applications which make a methodological contribution. Their work addressed the problem of modeling the fleet operations of Schneider National, one of the largest truckload motor carriers in the U.S. The work developed algorithms for solving infinite-dimensional stochastic, dynamic programs. The resulting model was shown to accurately replicate the collective intelligence of a team of dispatchers, making it possible for Schneider to study the impact of changes in policies. See www.castlelab.princeton.edu/wagner.htm for more information
ORFE Major Evans Xiang '10 awarded the George B. Wood Legacy Junior Prize
At Opening Exercises on September 13th, 2009, Yu (Evans) Xiang '10 was announced as a co-recipient of
the university's George B. Wood Legacy Junior Prize, which is given to a member of the senior class in recognition of exceptional academic achievement during the junior year. Evans' research interests are in probability theory and statistics, especially theory of stochastic processes, robust parameter estimation and their applications to economics and finance. In his junior year, he did independent work on an optimal stopping problem involving nonhomogeneous Poisson processes. For his senior thesis, he plans to study stochastic volatility models and their applications to options pricing and hedging.
The full story is here
Junior Wins $100,000 Grant for Diabetic iPhone App
"[Matthew] Connor, a rising Princeton junior majoring in operations research and financial engineering, worked with his brother Michael, a 2007 graduate of Washington University in St. Louis, to develop an iPhone application to help diabetics manage their disease.
Now, Connor has been awarded a $100,000 grant to expand their initial application into a Web-based tool to help diabetics stay healthy, and make it easier for doctors to monitor diabetic patients and for researchers to study treatments for the disease."
Read more, News at Princeton