WhyMIT

Why MIT?

Dimitris Bertsimas

Operations Research CenterMIT

April, 2013

Dimitris Bertsimas (MIT) Why MIT? April, 2013 1 / 20

Outline

1 Quality

2 Placement

3 Structure

4 Creation of New Knowledge

5 Recognition

6 Character

7 Boston

8 Values


Quality

Quality of the faculty

Members of the National Academy of Engineering among ORCfaculty: 8 (Barnhart, Bertsekas, Bertsimas, Magnanti, Larson, Odoni,Little, Tsitsiklis)Winners of the Lanchester prize: 3 (Larson, Magnanti, Orlin)Winners of the Erlang prize: 3 (Bertsimas, Gamarnik, Shah)Winners of the SIAM optimization prize: 2 (Bertsimas, Goemans)Winners of the PYI, Careers award: 13 (Ashlagi, Barnhart, Bertsimas,Daskalakis, Farias, Goemans, R. Levi, Perakis, Orlin, Ozaglar, Rudin,Shah, Tsitsiklis)INFORMS presidents: 4 (Barnhart, Larson, Little, Magnanti)MIT Institute Professors: 2/14 (Little, Magnanti)


Quality

New Hires in the Last 7 years

Tauhid ZamanJuan-Pablo VielmaKaren ZhengCynthia RudinItai AshlagiVivek FariasRetsef LeviPablo ParriloDevraat ShahCostis DaskalakisCarolina OsorioMaria Gonzalez


Quality

Quality of students

From 1989-2011, the number of winners (first, second prizes, honorable mention)for the Nicholson prize, the major research prize for students in OperationsResearch, out of 70:

MIT: 27, 39%

Stanford: 13, 19%

Columbia: 9, 13%

Georgia Tech: 3, 4%

CMU: 2, 3%

Purdue: 2, 3%

Harvard: 2, 3%

Austin, Cornell, Clemson, Lehigh, Northwestern, U. Penn, Princeton,Bilkent, Ohio State, Michigan, Berkeley, Holland: 1,

2007-2012: MIT: 8, Columbia: 4, Stanford: 4, Georgia Tech: 2, Purdue: 1,Harvard: 1, Lehigh: 1, Cornell: 1, Austin: 1, Ohio State U.: 1, Bilkent: 1.


Placement

Placement

Academia in Business schools: 40%Academia in IEOR department: 20%Finance Industry (Goldman Sachs, Morgan Stanley, Assetmanagement, etc.): 15%Consulting Companies (McKienzie, BCG, etc.) 7%Enterpreneuship (Analytics, Alpha Dynamics, Dynamic Ideas, DIHealth) 5%Revenue Management (Oracle, Pros, Sabre) 3%Supply chain (Amazon, etc.) 2%Research Labs (IBM, Lincoln Labs, Google, etc.) 5%Other, 2%


Placement

Academic

IEOR department at Columbia University, 5 MIT graduates/postdocs:(Bienstock, Kachani, Sethuraman, Stein. Goyal)Business school at Columbia, 2 MIT graduates : (van Ryzin, Stier)MIT: 11 MIT graduates: (Barnett, Barnhart, Bertsekas, Bitran,Bertsimas, Jaillet, Gamarnik, Goemans, Larson, Odoni, Tsitsiklis)Stanford: 7 MIT graduates: (Bimpikis, Brandau, Chiu, Iancu, Johari,van Roy, Zenios)


Placement

2008-2011

28 positions available in top business and engineering schools.MIT: 11Stanford: 5Harvard: 3Wharton: 2Insead: 1, UBC: 1, Columbia: 1, Yale: 1, Princeton: 1, Michigan: 1.


Placement

Academic market 2012

We had 3 students in the academic marketChaitanya: Northwestern (Kellog).Joline: MIchigan Business school.Yehua: Duke Business school.


Structure

1st year

FallResearch15.081J/6.251J Linear Optimization15.085J/6.436J Fundamentals of Probability

January: ORC Student led: Computational tools class (Optimizationsoftware: CPLEX, Gurobi; Statistical software: R, Visualization software,Cloud computing, ...)

SpringResearch15.084J Nonlinear Optimization or 15.094J Robust Modeling andOptimization or 15.082J Network Flows6.262 Discrete Stochastic Processes15.071 The Analytics Edge

June-July: Research or internship

August: Qualifying Exam (Optimization and Probability)


Structure

2nd year

Fall

Research15.083J Discrete Optimization15.070 Advanced Stochastic Processes or 6.431 Dynamic Programmingor 15.073 Urban OR

Spring

Research15.084J Network Flows or 15.094J Robust Modeling and Optimizationor 15.082J Nonlinear Optimization15.097 Machine Learning or ... or ...

May: General Exams: Presentation of Research Oriented paper and researchpaper.

Summer: Research or internship


Structure

3rd year

Fall:ResearchElectiveTeaching assistanship (to prepare you for a carrer in academia)

Spring:ResearchElective

Summer: Research or internship


Structure

4th year

Fall:

ResearchApplication for jobs

January-February: Interviews

Spring

ResearchWriting the dissertation

May: Defense

June: Graduation!!!

July: Job begins


Structure

Flexibility

Well structured course programOptions: OM, Networks, GeneralFlexibilityRigor and Relevance


Creation of New Knowledge

Books

15.081J: Bertsimas-Tsitsiklis book is used: it is the dominant book forlinear optimization around the world.15.082J: Ahuja-Orlin-Magnanti book is used: it is the dominant bookfor network flows around the world.15.083J: Bertsimas-Weismantel book is used: one of the major booksfor discrete optimization.15.084J: Bertsekas book is used: one of the major books in nonlinearoptimization.6.431: Bertsekas-Tsitsiklis book is used: one of the major books inprobability.15.073: Larson-Odoni book is used: the dominant book in applicationsof OR around the world.15.071: Analytics Edge, Bertsimas-O’ Hair-Pulleyblank: new book,first of its kind15.094: Robust Modeling and Optimization: Bertsimas: new book.


Recognition

Recognition

MIT name recognition.Program recognition-This is where OR started as an academic field(Philip Morse) (first PhD in OR in the world: Little).MIT is an exciting, dynamic, vibrant place.OCW and MITx.


Character

Character

Fantastic community.Extremely supportive+friendly atmosphere for our students.Andrew, Laura

Over thirty five years of experienceCare deeply for the studentsExceptionally capable

The physical environment invites interaction.


Boston

Boston

Very attractive city.Cultural center.Red Sox, Boston Celtics, New England Patriots.


Values

Values

To matter, to improve the human condition.Research is a serious business, that can change the world.Key currency at MIT: Research (we start right away).What Research is Important?Intellectual, Caring and Friendly environment.


Values

See you in September


WhyMIT

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