Professor Dimitris Bertsimas

Education
Academic Appointments
Research & Papers
Awards
Professional Activites
Industrial Experience
Thesis Supervision
Publications

Education

Massachusetts Institute of Technology
Ph.D. in Operations Research and Applied Mathematics, 1988
Thesis: Probabilistic Combinatorial Optimization Problems

Massachusetts Institute of Technology
M.S. in Operations Research, 1987
Thesis: An Analytic Approach to the G/G/s Queue

National Technical University of Athens (N.T.U.A.), Greece
Diploma in Electrical Engineering, 1985

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Academic Appointments

Co director,
Operations Research Center, MIT, 2006-present

Miller Visiting Professor,
University of California, Berkeley, 2002

Boeing Professor of Operations Research,
Sloan School of Management, MIT, 1997-present

Visiting Professor,
Stanford University, 1996

Professor of Operations Research,
Sloan School of Management, MIT, 1995-1997

E. Pennell Brooks Professor of Operations Research,
Sloan School of Management, MIT, 1993-1994

Associate Professor of Operations Research,
Sloan School of Management, MIT, 1992-1993

Assistant Professor of Management Science,
Sloan School of Management, MIT, 1988-1992

Research & papers

Principal Research Interests
Operations Research: Continuous, Discrete, Robust, Stochastic Optimization, Applied Probability and Stochastic Processes, Applications of OR, Data Mining

Finance: Dynamic Portfolio Theory, Asset Allocation, Risk Management, Nonparametric Estimation, Optimal execution, Derivative Pricing.

Health Care: Prediction of health care risk, quality in health care, drug surveilance, multidrug therapies in cancer.

For futher details please refer to the research and papers sections of the website.

Awards

INFORMS fellow, 2007
Member of the National Academy of Engineering, 2005
OR Gold medal for Greek Scientists, Greek OR society, 2004
Miller fellowship, University of California, Berkeley, 2002
Samuel M. Seegal Prize awarded annually to an MIT faculty who excels in inspiring students to pursue and achieve excellence, 1999
Bodossaki prize awarded every two years to most distinguished Greek scientist under 40, 1998
Finalist in Edelman competition of INFORMS for best implemented work, 1998
Erlang prize awarded every three years to the outstanding applied probabilist below 35, 1996
SIAM Optimization Prize awarded every three years for best paper in optimization, 1996
Presidential Young Investigator award sponsored by the National Science Foundation, 1991-1996
First prize in the George E. Nicholson student paper competition sponsored by the Operations Research Society of America (ORSA), 1989
First prize in the dissertation competition sponsored by the Transportation Science section of ORSA, 1989
Applied Mathematics Fellowship from MIT, 1985-1987
Karidogiannis Prize (awarded to the best student in the department of Electrical Engineering at N.T.U.A., 1983-1985
Third Prize in the national competition in Mathematics for high school students, Greece, 1981
Second Prize in the national competition in Mathematics for high school students, Greece, 1980

Professional Activites

Member of the board for mathematical sciences of the National Research Council, 2001-2004.
Member of the board for the Institute of Mathematics and its Applications (IMA), 2001-2004.
Member of the committee to select the EURO Gold award, 2005.
Chairman of the Lanchester prize committee of INFORMS,2000-2001.
External reviewer for the Risk Lab, ETH, Switzerland, 2003, and for the Department of IE/MS, Northwestern University, 2004.
Chairman of the Edgerton prize committee of MIT,2006-2007.
Member of
1. Institute for Operations Research and Management Sciences (INFORMS),
2. American Mathematical Society (AMS),
3. Society of Industrial and Applied Mathematics (SIAM),
4. Mathematical Programming Society,
5. The Econometrics Society,
6. American Finance Society,
7. Institute of Mathematical Statistics.

Journal Service

Area Editor for Financial Engineering, Operations Research.
Associate Editor for Operations Research, Mathematics of Operations Research, Networks and Queueing Systems.
Referee for several journals .

Industrial Experience

Asset Management, Riversource Investments, 2002-present, head of the quantitative division of Riversource Investments; managing over nince billion dollars of assets in US large, medium and small capitalization companies, international developed markets, asset allocation strategies and hedge funds.
Consulting senior portfolio manager, American Express, Managing over $1.5 billion in assets, 2002-present.
Founder of Dynamic Ideas, LLC, 1998-2002. Company's assets were sold to Ameriprise Financial in 2002. The company produced optimization software for asset management companies.
Founder of Dynamic Ideas press, a publishing company, 2004-present.
Consultant for over twenty leading asset management and e-commerce companies, 1991-2002.
Member of the board of the company D2Hawkeye, a medical data mining company.

Thesis Supervision

Completed PhD theses
Current PhD theses
Masters theses

Completed PhD Theses

Michel Goemans, Probabilistic and worst case analysis of LP relaxations for a class of connectivity problems, 1990 (Tucker prize of Mathematical Programming Society, 1991, 2nd prize in Nicholson competition of INFORMS, 1991).
Daisuke Nakazato, Transient distributional results in queues with applications to queueing networks, 1990.
Garrett van Ryzin, Dynamic vehicle routing problems, 1991 (2nd prize in Transportation dissertation competition of INFORMS, 1992, honorable mention in Nicholson competition of INFORMS, 1991).
Peter Vranas, Ground holding strategies for a network of airports in air traffic control, 1992 (2nd prize in Transportation dissertation competition, 1992).
Michael Peterson, Transient congestion phenomena in air transportation, 1992.
Carolyn Haibt-Norton, Topics in discrete optimization, 1993.
Haiping Xu, Optimal policies for stochastic and dynamic vehicle routing problems, 1994.
Zhihang Chi, Dynamic and network effects in airline yield management, 1994.
Georgia Mourtzinou, An axiomatic approach to queueing systems, 1995 (2nd prize in Nicholson competition of INFORMS, 1996).
Jose Ni\~no-Mora, Optimal resource allocation in a dynamic and stochastic environment: a mathematical programming approach, 1995.
Michael Ricard, Optimization of queueing networks: a linear control approach, 1995.
Joe Millner, A market approach to airtraffic control, 1995.
Andrew Luo, Continuous linear programming: Theory, algorithms and applications, 1995.
Chung-Piaw Teo, Constructing approximation algorithms via linear programming relaxations: primal dual and randomized rounding techniques, 1996 (honorable mention in Nicholson competition of INFORMS, 1996).
John Paschalidis, Large deviations in high speed communication networks, 1996 (2nd prize in Nicholson competition of INFORMS, 1997).
Sarah Stock, Stochastic and dynamic models for airtraffic flow management, 1997 (1st prize in Transportation Dissertation of INFORMS, 1997, 2nd prize in Dantzig award, 1997).
David Gamarnik, Stability and performance of multiclass queueing networks, 1997.
Thalia Chryssikou, Multiperiod portfolio optimization in the presence of transaction costs, 1998.
Ioana Popescu, Applications of optimization in probability, finance and revenue management, 1999.
Jay Sethuraman, A stochastic control approach for multiclass queueing networks, 1999(honorable mention in Nicholson competition of INFORMS, 2000).
Leon Hsu, The bottleneck phenomenon in transportation systems,1999.
Ramazan Demir, Approximate dynamicprogramming for integer programming problems, 2000.
Dessi Pachamanova, A robust optimization approach to finance, 2002.
Sanne de Boer, Pricing and revenue management in a network environment, 2003 (2nd prize in Nicholson competition of INFORMS, 2003).
Adam Mersereau, Adaptive and dynamic models in marketing, 2003.
Romy Shioda, An Integer programming approach to data mining,2003.
Natasha Busheva, Finance without price dynamics, 2003.
Jeff Hawkins, A Lagrangean decomposition method for dynamci optimization and its applications, 2003.
Karthik Natarajan, Probabilistic Combinatorial Optimization: Moments, Semidefinite Programming and Asymptotic Bounds, (Honorable mention in Nicholson competition of INFORMS, 2003), Singapore-MIT-Alliance, 2004.
Melvyn Sim, Robust optimization, 2004 (2nd prize in Nicholson competition of INFORMS, 2002), 2004.
Aurelie Thiele, A robust optimization approach to supply chains and revenue management, (1st prize in Nicholson competition of INFORMS, 2003), 2004.
Michele Aghassi, Robust Optimization, game theory and variational inequalities, 2005.
David Brown, Risk and Robust optimization, 2006 (2nd prize in Nicholson competition of INFORMS, 2005).
Constantine Caramanis, Adaptive optimization, 2006.
Kwong Meng Teo, Nonconvex Robust Optimization, 2007.
David Czerwinski, Assessing quality of health care, 2008.

Dmitriy Rogoshnikov, New algorithms for integer programming.
Margret Bjarnadottir, A dynamic optimization approach to financial planning.
Hamed Mamani, The price of anarchy in game theory.

Phillip Chervi, A computational approach to probabilistic routing problems, 1989.
Meng-Huai Chen, Optimal cash allocation in bank branches, 1991.
Michael Ricard, Algorithms for the 0-1 integer programming problem, 1991.
John Paschalidis, Bounds for multiclass queueing networks, 1992.
Angela Chiu, Stochastic inventory and distribution problems, 1993.
Elaine Chew, Multiperiod portfolio optimization: Feynmann diagrams and approximat dynamic programming, 1998.
Ed Wike, Supply chain management: an approximate dynamic programming approach, 1998.
Constantine Tsiligakis, Portfolio construction through mixed integer programming, 1999.
Mark Coumeri, Pricing in a competitive environment: a learning approach,2000.
Zhang Yi, A discrete optimization approach to classification (MIT-Singapore alliance), 2001.
Constantine Caramanis, Bounds on linear partial differentail equations via semidefinite optimization, 2001.
Cheong Foong Soon, Hedging Strategy and Effect of Transaction Costs for American Options in an Incomplete Market, Singapore-MIT-Alliance, 2002.
Premal Shah, Optimal bounds for American options, 2006.
Su Hua, A robust optimization approach to optimization of queueing networks, 2006.
Yun Lu, A robust optimization approach to network equilibrium, 2007.
Clay Noyes, Optimizing the operations of the emergency department at the Beth Israel Hos pital via simulation, 2008.

Publications

Please refer to the books and Papers section of the website.

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CV
	Home Research Papers Books Teaching Students CV Talks Dynamic Ideas	Education Academic Appointments Research & Papers Awards Professional Activites Industrial Experience Thesis Supervision Publications Education Massachusetts Institute of Technology Ph.D. in Operations Research and Applied Mathematics, 1988 Thesis: Probabilistic Combinatorial Optimization Problems Massachusetts Institute of Technology M.S. in Operations Research, 1987 Thesis: An Analytic Approach to the G/G/s Queue National Technical University of Athens (N.T.U.A.), Greece Diploma in Electrical Engineering, 1985 Back to top Academic Appointments Co director, Operations Research Center, MIT, 2006-present Miller Visiting Professor, University of California, Berkeley, 2002 Boeing Professor of Operations Research, Sloan School of Management, MIT, 1997-present Visiting Professor, Stanford University, 1996 Professor of Operations Research, Sloan School of Management, MIT, 1995-1997 E. Pennell Brooks Professor of Operations Research, Sloan School of Management, MIT, 1993-1994 Associate Professor of Operations Research, Sloan School of Management, MIT, 1992-1993 Assistant Professor of Management Science, Sloan School of Management, MIT, 1988-1992 Back to top Research & papers Principal Research Interests Operations Research: Continuous, Discrete, Robust, Stochastic Optimization, Applied Probability and Stochastic Processes, Applications of OR, Data Mining Finance: Dynamic Portfolio Theory, Asset Allocation, Risk Management, Nonparametric Estimation, Optimal execution, Derivative Pricing. Health Care: Prediction of health care risk, quality in health care, drug surveilance, multidrug therapies in cancer. For futher details please refer to the research and papers sections of the website. Back to top Awards INFORMS fellow, 2007 Member of the National Academy of Engineering, 2005 OR Gold medal for Greek Scientists, Greek OR society, 2004 Miller fellowship, University of California, Berkeley, 2002 Samuel M. Seegal Prize awarded annually to an MIT faculty who excels in inspiring students to pursue and achieve excellence, 1999 Bodossaki prize awarded every two years to most distinguished Greek scientist under 40, 1998 Finalist in Edelman competition of INFORMS for best implemented work, 1998 Erlang prize awarded every three years to the outstanding applied probabilist below 35, 1996 SIAM Optimization Prize awarded every three years for best paper in optimization, 1996 Presidential Young Investigator award sponsored by the National Science Foundation, 1991-1996 First prize in the George E. Nicholson student paper competition sponsored by the Operations Research Society of America (ORSA), 1989 First prize in the dissertation competition sponsored by the Transportation Science section of ORSA, 1989 Applied Mathematics Fellowship from MIT, 1985-1987 Karidogiannis Prize (awarded to the best student in the department of Electrical Engineering at N.T.U.A., 1983-1985 Third Prize in the national competition in Mathematics for high school students, Greece, 1981 Second Prize in the national competition in Mathematics for high school students, Greece, 1980 Back to top Professional Activites Member of the board for mathematical sciences of the National Research Council, 2001-2004. Member of the board for the Institute of Mathematics and its Applications (IMA), 2001-2004. Member of the committee to select the EURO Gold award, 2005. Chairman of the Lanchester prize committee of INFORMS,2000-2001. External reviewer for the Risk Lab, ETH, Switzerland, 2003, and for the Department of IE/MS, Northwestern University, 2004. Chairman of the Edgerton prize committee of MIT,2006-2007. Member of Institute for Operations Research and Management Sciences (INFORMS), American Mathematical Society (AMS), Society of Industrial and Applied Mathematics (SIAM), Mathematical Programming Society, The Econometrics Society, American Finance Society, Institute of Mathematical Statistics. Journal Service Area Editor for Financial Engineering, Operations Research. Associate Editor for Operations Research, Mathematics of Operations Research, Networks and Queueing Systems. Referee for several journals . Back to top Industrial Experience Asset Management, Riversource Investments, 2002-present, head of the quantitative division of Riversource Investments; managing over nince billion dollars of assets in US large, medium and small capitalization companies, international developed markets, asset allocation strategies and hedge funds. Consulting senior portfolio manager, American Express, Managing over $1.5 billion in assets, 2002-present. Founder of Dynamic Ideas, LLC, 1998-2002. Company's assets were sold to Ameriprise Financial in 2002. The company produced optimization software for asset management companies. Founder of Dynamic Ideas press, a publishing company, 2004-present. Consultant for over twenty leading asset management and e-commerce companies, 1991-2002. Member of the board of the company D2Hawkeye, a medical data mining company. Back to top Thesis Supervision Completed PhD theses Current PhD theses Masters theses Completed PhD Theses Michel Goemans, Probabilistic and worst case analysis of LP relaxations for a class of connectivity problems, 1990 (Tucker prize of Mathematical Programming Society, 1991, 2nd prize in Nicholson competition of INFORMS, 1991). Daisuke Nakazato, Transient distributional results in queues with applications to queueing networks, 1990. Garrett van Ryzin, Dynamic vehicle routing problems, 1991 (2nd prize in Transportation dissertation competition of INFORMS, 1992, honorable mention in Nicholson competition of INFORMS, 1991). Peter Vranas, Ground holding strategies for a network of airports in air traffic control, 1992 (2nd prize in Transportation dissertation competition, 1992). Michael Peterson, Transient congestion phenomena in air transportation, 1992. Carolyn Haibt-Norton, Topics in discrete optimization, 1993. Haiping Xu, Optimal policies for stochastic and dynamic vehicle routing problems, 1994. Zhihang Chi, Dynamic and network effects in airline yield management, 1994. Georgia Mourtzinou, An axiomatic approach to queueing systems, 1995 (2nd prize in Nicholson competition of INFORMS, 1996). Jose Ni\~no-Mora, Optimal resource allocation in a dynamic and stochastic environment: a mathematical programming approach, 1995. Michael Ricard, Optimization of queueing networks: a linear control approach, 1995. Joe Millner, A market approach to airtraffic control, 1995. Andrew Luo, Continuous linear programming: Theory, algorithms and applications, 1995. Chung-Piaw Teo, Constructing approximation algorithms via linear programming relaxations: primal dual and randomized rounding techniques, 1996 (honorable mention in Nicholson competition of INFORMS, 1996). John Paschalidis, Large deviations in high speed communication networks, 1996 (2nd prize in Nicholson competition of INFORMS, 1997). Sarah Stock, Stochastic and dynamic models for airtraffic flow management, 1997 (1st prize in Transportation Dissertation of INFORMS, 1997, 2nd prize in Dantzig award, 1997). David Gamarnik, Stability and performance of multiclass queueing networks, 1997. Thalia Chryssikou, Multiperiod portfolio optimization in the presence of transaction costs, 1998. Ioana Popescu, Applications of optimization in probability, finance and revenue management, 1999. Jay Sethuraman, A stochastic control approach for multiclass queueing networks, 1999(honorable mention in Nicholson competition of INFORMS, 2000). Leon Hsu, The bottleneck phenomenon in transportation systems,1999. Ramazan Demir, Approximate dynamicprogramming for integer programming problems, 2000. Dessi Pachamanova, A robust optimization approach to finance, 2002. Sanne de Boer, Pricing and revenue management in a network environment, 2003 (2nd prize in Nicholson competition of INFORMS, 2003). Adam Mersereau, Adaptive and dynamic models in marketing, 2003. Romy Shioda, An Integer programming approach to data mining,2003. Natasha Busheva, Finance without price dynamics, 2003. Jeff Hawkins, A Lagrangean decomposition method for dynamci optimization and its applications, 2003. Karthik Natarajan, Probabilistic Combinatorial Optimization: Moments, Semidefinite Programming and Asymptotic Bounds, (Honorable mention in Nicholson competition of INFORMS, 2003), Singapore-MIT-Alliance, 2004. Melvyn Sim, Robust optimization, 2004 (2nd prize in Nicholson competition of INFORMS, 2002), 2004. Aurelie Thiele, A robust optimization approach to supply chains and revenue management, (1st prize in Nicholson competition of INFORMS, 2003), 2004. Michele Aghassi, Robust Optimization, game theory and variational inequalities, 2005. David Brown, Risk and Robust optimization, 2006 (2nd prize in Nicholson competition of INFORMS, 2005). Constantine Caramanis, Adaptive optimization, 2006. Kwong Meng Teo, Nonconvex Robust Optimization, 2007. David Czerwinski, Assessing quality of health care, 2008. Back to top, Back to thesis Current PhD Theses Dmitriy Rogoshnikov, New algorithms for integer programming. Margret Bjarnadottir, A dynamic optimization approach to financial planning. Hamed Mamani, The price of anarchy in game theory. Back to top, Back to thesis Masters Theses Phillip Chervi, A computational approach to probabilistic routing problems, 1989. Meng-Huai Chen, Optimal cash allocation in bank branches, 1991. Michael Ricard, Algorithms for the 0-1 integer programming problem, 1991. John Paschalidis, Bounds for multiclass queueing networks, 1992. Angela Chiu, Stochastic inventory and distribution problems, 1993. Elaine Chew, Multiperiod portfolio optimization: Feynmann diagrams and approximat dynamic programming, 1998. Ed Wike, Supply chain management: an approximate dynamic programming approach, 1998. Constantine Tsiligakis, Portfolio construction through mixed integer programming, 1999. Mark Coumeri, Pricing in a competitive environment: a learning approach,2000. Zhang Yi, A discrete optimization approach to classification (MIT-Singapore alliance), 2001. Constantine Caramanis, Bounds on linear partial differentail equations via semidefinite optimization, 2001. Cheong Foong Soon, Hedging Strategy and Effect of Transaction Costs for American Options in an Incomplete Market, Singapore-MIT-Alliance, 2002. Premal Shah, Optimal bounds for American options, 2006. Su Hua, A robust optimization approach to optimization of queueing networks, 2006. Yun Lu, A robust optimization approach to network equilibrium, 2007. Clay Noyes, Optimizing the operations of the emergency department at the Beth Israel Hos pital via simulation, 2008. Back to top, Back to thesis Publications Please refer to the books and Papers section of the website. Back to top Back to top