Why MIT?

Dimitris Bertsimas
Operations Research Center MIT

April, 2013

Dimitris Bertsimas (MIT)

Why MIT?

April, 2013

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Outline
1 2 3 4 5 6 7 8

Quality Placement Structure Creation of New Knowledge Recognition Character Boston Values

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Why MIT?

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Quality

Quality of the faculty

Members of the National Academy of Engineering among ORC faculty: 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)

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Quality

New Hires in the Last 7 years

Tauhid Zaman Juan-Pablo Vielma Karen Zheng Cynthia Rudin Itai Ashlagi Vivek Farias Retsef Levi Pablo Parrilo Devraat Shah Costis Daskalakis Carolina Osorio Maria Gonzalez
Dimitris Bertsimas (MIT) Why MIT? April, 2013 4 / 20

Quality

Quality of students
From 1989-2011, the number of winners (rst, second prizes, honorable mention) for the Nicholson prize, the major research prize for students in Operations Research, 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.
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Placement

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

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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)

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Placement

2008-2011

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

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Placement

Academic market 2012

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

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Structure

1st year
Fall Research 15.081J/6.251J Linear Optimization 15.085J/6.436J Fundamentals of Probability January: ORC Student led: Computational tools class (Optimization software: CPLEX, Gurobi; Statistical software: R, Visualization software, Cloud computing, ...) Spring Research 15.084J Nonlinear Optimization or 15.094J Robust Modeling and Optimization or 15.082J Network Flows 6.262 Discrete Stochastic Processes 15.071 The Analytics Edge June-July: Research or internship August: Qualifying Exam (Optimization and Probability)
Dimitris Bertsimas (MIT) Why MIT? April, 2013 10 / 20

Structure

2nd year
Fall Research 15.083J Discrete Optimization 15.070 Advanced Stochastic Processes or 6.431 Dynamic Programming or 15.073 Urban OR Spring Research 15.084J Network Flows or 15.094J Robust Modeling and Optimization or 15.082J Nonlinear Optimization 15.097 Machine Learning or ... or ... May: General Exams: Presentation of Research Oriented paper and research paper. Summer: Research or internship
Dimitris Bertsimas (MIT) Why MIT? April, 2013 11 / 20

Structure

3rd year

Fall:
Research Elective Teaching assistanship (to prepare you for a carrer in academia)

Spring:
Research Elective

Summer: Research or internship

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Structure

4th year

Fall: Research Application for jobs January-February: Interviews Spring Research Writing the dissertation May: Defense June: Graduation!!! July: Job begins

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Structure

Flexibility

Well structured course program Options: OM, Networks, General Flexibility Rigor and Relevance

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Creation of New Knowledge

Books
15.081J: Bertsimas-Tsitsiklis book is used: it is the dominant book for linear optimization around the world. 15.082J: Ahuja-Orlin-Magnanti book is used: it is the dominant book for network ows around the world. 15.083J: Bertsimas-Weismantel book is used: one of the major books for discrete optimization. 15.084J: Bertsekas book is used: one of the major books in nonlinear optimization. 6.431: Bertsekas-Tsitsiklis book is used: one of the major books in probability. 15.073: Larson-Odoni book is used: the dominant book in applications of OR around the world. 15.071: Analytics Edge, Bertsimas-O Hair-Pulleyblank: new book, rst of its kind 15.094: Robust Modeling and Optimization: Bertsimas: new book.
Dimitris Bertsimas (MIT) Why MIT? April, 2013 15 / 20

Recognition

Recognition

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

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Character

Character

Fantastic community. Extremely supportive+friendly atmosphere for our students. Andrew, Laura
Over thirty ve years of experience Care deeply for the students Exceptionally capable

The physical environment invites interaction.

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Boston

Boston

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

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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.

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Values

See you in September

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