Seminar

Accounting for the adverse impact of "non-average" events has become essential in many applications involving decision making under uncertainty. Its implementation through decision models, namely stochastic programs, requires careful measurement of risk that reflects one's concern about uncertain outcomes. Important theories such as convex risk measures outline conditions required for risk measurement but provide little guidance for cases not meeting the conditions. Unfortunately, such cases are more than common in real-life situations.

In creating a new partnership (“syndicate”), what division of uncertain future profit should the parties select? We consider partnerships with no substantial initial investment and no moral hazard. Parties may differ in risk attitudes and beliefs. The common approach is bargaining. We take a different approach: One party proposes to the other a contract, similarly to the principal-agent approach.

Developing trust with my clients and co-workers has been central to my career success since completing my MASc degree. I claim that automating my analytics contributed a surprising amount to developing trust in my work by making it repeatable, audit-able and alterable. In this talk, I’ll speak about those three features of automated analytics and their link to trust in the context of project examples, both successes and failures.

Dr. Taewoo Lee

Assistant Professor of Industrial Engineering
University of Houston
Houston, TX
tlee6@uh.edu

Onur Boyabatli

Associate Professor
Operations Management, Singapore Management University
Singapore
oboyabatli@smu.edu.sg

Laurens G. Debo

Associate Professor of Operations Management
Tuck School of Business, Dartmouth College
Hanover, New Hampshire
Laurens.G.Debo@tuck.dartmouth.edu

Your Waterloo CORS Student Chapter brings you a series of presentations by your peers

Seminar followed by discussion.

Ahmed Saif will be discussing his work on Sterilization Network Design.

Valuing Prearranged Paired Kidney Exchanges: A Stochastic Game Approach

Presented by Murat Kurt

End-stage renal disease (ESRD) is the ninth-leading cause of death in the U.S. Transplantation is the most viable therapy for ESRD patients, but there is a severe disparity between the demand for kidneys for transplantation and the supply. This shortage is further complicated by incompatibilities in blood-type and antigen matching between patient-donor pairs.

Management Sciences will host Sila Cetinkaya from Lyle School of Engineering as she delivers her seminar on Optimization.

We look forward to seeing you there. 

Management Sciences will host Timothy Chan from University of Toronto as he delivers his seminar; Goodness-Of-Fit in Inverse Optimization.

We look forward to seeing you there.