2024 Winner(s)
- Itai Ashlagi , Stanford University
- Mark Braverman, Princeton University
- Yash Kanoria, Columbia University
- Jacob Leshno, Columbia University
- Peng Shi,
USC Marshall School of Business
These papers have advanced the field of market design by providing fundamental insights into the performance of two-sided matching markets. By introducing a novel theoretical approach, they resolve a long-standing empirical puzzle: why the set of stable matchings is small in many practically important matching markets. Moreover, by creatively integrating match recommendations and signaling strategies, they demonstrate how to reduce congestion in these markets. These contributions have profoundly impacted both methodological work and practical applications focused on the conduct and organization of centralized and decentralized markets.
2024 Winner(s)
- Anatoli Juditsky, Université Grenoble-Alpes
- Arkadi Nemirovski, Georgia Institute of Technology, School of ISyE
This book provides a modern perspective on the connection between convex optimization and high-dimensional statistics, commonly used in machine learning. The authors propose a convex optimization-based approach to address some of the critical challenges in modern data science by focusing on establishing performance limits for statistical procedures under the key assumption of computational tractability. This innovative approach lays the groundwork for a scalable, principled framework to efficiently achieve near-optimal performance in high-dimensional statistics, supplying both optimization-based theoretical tools and an algorithmic toolbox for statistical analysis.
Purpose of the Award
Committee Chair
The Lanchester prize is awarded for the best contribution to operations research and the management sciences published in English in the past five years (i.e. 2018 or more recent). For a group of publications, at least one publication of the group must have been published during that same five-year period. The prize includes a commemorative medallion and a U.S. $5,000 cash award. The award is given each year at the fall INFORMS Annual Meeting.
Application Process
To be eligible for the Lanchester Prize, a paper, a book, or a group of books or papers must meet the following requirements:
- It must be on an operations research/management science subject.
- It must have been published in in the past five years (i.e. 2018 or more recent). For a group of publications, at least one publication of the group must have been published during that same five-year period.
- It must be written in the English language, and
- It must have appeared in the open literature.
The submission deadline will be June 15, 2024. The award will be presented at the 2024 Annual INFORMS Meeting.
About the Award/Namesake
Frederick Lanchester, 1868-1946
In 1896 Lanchester and his brother built the first petrol car in England. Lanchester redesigned and re-built the engine the next year into a two cylinder horizontally opposed version using his new wick carburetor design to improve both performance and speed. His true interest remained mechanical flight, which he had been studying since the early 1890s. He developed a model for the vortices that occur behind wings during flight, which included the first full description of lift and drag. During World War I he was particularly interested in predicting the outcome of aerial battles. In 1916 he published Aviation in Warfare: The Dawn of the Fourth Arm, which included a description of a series of differential equations that are today known as Lanchester's Power Laws...