Though the Department is relatively new, Operations Research & Financial Engineering has had a distinguished history at Princeton. In fact, a significant portion of modern ORFE is an outgrowth of activities at Princeton between 1930 and 1960.
Before Katherine Milkman became associate professor at the Wharton School at the University of Pennsylvania and prior to pursuing her doctorate she was a student at Princeton University, specifically an Operations Research and Financial Engineering student.
The Operations Research and Financial Engineering department welcomes Mykhaylo Shkolnikov. Professor Shkolnikov brings his interest in “applying stochastic analysis to problems in random matrix theory and stochastic portfolio theory"(Shkolnikov, 2016).
This scholarship enables its recipients to study at China’s Tsingua University in Beijing. The Schwarzman Scholarship covers the cost of tuition and living expenses associated with the 1 year master’s program.
On March 17-19, 2016, Operations Research and Financial Engineering hosted the 2016 Informs Optimization Society (IOS) conference. The conference featured over 200 research presentations, tutorials and plenaries, which was over 50 percent larger than prior editions of this conference.
ORFE graduate student Raymond Perkins is featured this month on the Princeton University homepage for his research on computational stochastic optimization. Raymond's research has direct application to everyday decision-making in the face of uncertainty, such as how to invest for retirement, manage a power plant, or organize an airline. While his research focuses on highly technical and theoretical aspects, it is intuitively applicable to any enterprise where the future is highly uncertain (Office of Communications, 2016; Photo by Princeton University, Office of Communications, Denise Applewhite).
PhD student Georgina Hall was awarded a 2016 Teaching Award on behalf of the Graduate School this past Tuesday, April 26th, at the Tribute to Teaching Reception.
Welcome to ORFE
ORFE was founded in 1999 at Princeton University with the intention of expanding the institution's distinguished legacy in statistics (Wilks, Tukey), probability (Feller, Hunt), optimization (Kuhn, Tucker), convex analysis (Rockafellar, Gomory), and game theory (Nash, von Neumann, Morgenstern).
While the scales of our research applications and data have grown exponentially since ORFE's founding, our mission has remained steadfast. The faculty are committed to developing and teaching the quantitative theories/models and methods/algorithms needed to face the data challenges of modern society. Our collective specialties include the regulation of financial institutions, energy and the environment (specifically the financialization of commodities, climate change, and emissions control), the transportation systems of the future, and health care.
Due to their unique blend of theory and practice, our courses are among the most popular in Princeton University's School of Engineering and Applied Science. Graduates of our department go on to take leadership positions in academia, industry, and government.
Thank you for visiting our site and taking an interest in ORFE.