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.
Launch of SIAM Journal on Financial Mathematics
The SIAM Journal on Financial Mathematics launched January 21, 2010.
ORFE Professors Rene Carmona and Ronnie Sircar are Editors-in-Chief of this latest journal that brings together theoretical developments in financial mathematics as well as breakthroughs in the computational challenges they encompass. It provides a common platform for scholars interested in the mathematical theory of finance as well as practitioners interested in rigorous treatments of the scientific computational issues related to implementation. On the theoretical side, the journal seeks papers with demonstrable mathematical developments motivated by models of modern finance. On the computational side, it publishes works introducing new methods and algorithms representing significant (as opposed to incremental) improvements on the existing state of affairs of modern numerical implementations of applied financial mathematics.
This journal features continuous electronic publication. For further information on members of the board, Editorial Policy, manuscript submission, and peer review is available at http http://www.siam.org/journals/sifin.php. Questions regarding manuscript submission and peer review can be directed to Mitch Chernoff, SIAM Publications Manager, at chernoff@siam.org. To submit your work, go to http://sifin.siam.org.
Operations Research at UPS
The "OR/MS Today" newsletter (for Informs) included an article about operations research at UPS. To see a copy of the article click here.
The article touches on the work that UPS is funding at CASTLE Lab, where we are building an optimization module that is part of a load planning tool (plans how shipments are routed through the network to maximize utilization of trucks). The load planning tool is now running at the 100 largest hubs at UPS.
ORFE's Professor Kornhauser *71 is keynote speaker at computer festival
Professor Alain Kornhauser gave the keynote address at the 34th Trenton Computer Festival and Hamfest, the longest continuously running personal computer show in the world. He spoke on "The Car of Tomorrow", a truly autonomous highway vehicle that can drive itself. Professor Kornhauser is the lead faculty advisor to the PAVE team (Princeton Autonomous Vehicle Engineering) and the Prospect 12 project. For new and exciting information on Princeton's autonomous vehicle projects please visit the Team's webpage at http://pave.princeton.edu/.