Yield Planet has just awarded an initial project of $510,000 to Warren Powell in the Department of Operations Research and Financial Engineering to develop online adaptive learning algorithms to dynamically optimize prices for hotel rooms for over 4,000 hotels around the world (a number that is growing quickly). The project will provide access to data for over 100,000 hotels to study consumer demand patterns, allowing us to study how people around the world respond to a range of controllable (prices) and uncontrollable (e.g. weather reports) factors. The project will provide a tremendous source of data to drive new research in statistical machine learning. The focus of the research is the development of online stochastic optimization algorithms that handle both the dynamics of the customer booking process and the uncertainty of the market response, enabling hotels to maximize the use of their resources.
You are here
Amir Ali Ahmadi has received the 2014 Air Force Office of Scientific Research (AFOSR) Young Investigator Program (YIP) Award. The YIP program is the Department of Defense version of the NSF CAREER awards and is open to scientists and engineers at research institutions across the United States who received Ph.D. or equivalent degrees in the last five years and who show exceptional ability and promise for conducting basic research.
The award will support Amir Ali's research at the interface of optimization and control and was given for his proposal titled: "Scalable Algorithms with Formal Guarantees for Lyapunov Analysis of Control Systems via Algebraic Optimization."
ORFE Major, Max Kaplan, Class of 2016, used linear programming in order to find the optimal NFL road trip as described in the article that was recently published on NFL.com titled “32 Teams in 47 days: Planning the perfect NFL road trip in 2014”.
The first DataFest at Princeton was held on March 28-30, 2014 in Sherrerd Hall. DataFest is a data analysis competition where teams of up to five undergraduates have a weekend to attack a large and complex dataset. This year’s event consisted of 46 participants with 13 teams competing. The competition was sponsored by the Operations Research & Financial Engineering department, along with the Princeton Statistics Laboratory, the Computational Stochastic Optimization and Learning Department of Operations Research, RJMetrics, and the IBM Academic Initiative. It was organized Professors Philippe Rigollet, Han Liu, and Deborah Nolan.
Professor Robert Vanderbei finds academic inspiration through the lens of his camera in this video of "Catching Snowflakes". Vanderbei is a mathematician with a specialized, artistic hobby. His hobby involves the creative use of camera lenses and image-enhancing software.
Jianqing Fan has been awarded the Guy Medal in Silver of Royal Statistical Society for 2014 for his path-breaking research in high-dimensional statistical learning and inferences, important contributions to non-parametric and semi-parametric statistics, and his service to the international statistical community.