In 1999, Professors Mulvey, Vanmarcke, Cinlar, Soner, and Carmona sat for a photo to accompany an article by Ken Howard titled “What is risky business”. This article discussed the creation of a new program in the School of Engineering and Applied Science named, “The Program in Financial Engineering”. This program would evolve into a new department coupled with Operations Research to become Operations Research & Financial Engineering (ORFE).
1999, Seated left to right in the Finance Lab: Profs. John Mulvey, Erick Vanmarcke, Erhan Cinlar, Mete Soner, and Rene Carmona; 2019: Mete Soner, Erick Vanmarcke, Erhan Cinlar, Rene Carmona, and John Mulvey. 1999 by Denise Applewhite. 2019 by Frank Wojciechowski.
This fall, all five professors, two of whom are now Emeritus, came together again to re-create the photo with a few updated technology tweaks. This opportunity came about as Professor Soner rejoined Princeton University as a full professor in ORFE.