WEBINAR 2: A Universal Framework for Sequential Decision Problems - The Next Generation of AI
Prof. Powell will present a universal modeling framework that can be used for any sequential decision problem in the presence of different sources of uncertainty.
📅 November 8th, 2023 🕒 3:00 - 4:00 p.m. CET
WHO IS OUR GUEST:
Warren B. Powell, Professor Emeritus, Princeton University / Chief Innovation Officer, Optimal Dynamics
Warren B. Powell is Professor Emeritus at Princeton University, where he taught for 39 years, and is currently the Chief Innovation Officer at Optimal Dynamics. He was the founder and director of CASTLE Lab, which focused on stochastic optimization with applications to freight transportation, energy systems, health, e-commerce, finance and the laboratory sciences, supported by over $50 million in funding from government and industry. He has pioneered a new universal framework that can be used to model any sequential decision problem, including the identification of four classes of policies that spans every possible method for making decisions. He is the 2021 recipient of the Robert Herman Lifetime Achievement Award from the Society for Transportation Science and Logistics, the 2022 Saul Gass Expository Writing Award. He is a fellow of Informs, and the recipient of numerous other awards.
«Sequential decision problems are an almost universal problem class, spanning dynamic resource allocation problems, control problems, optimal stopping/buy-sell problems, active learning problems, as well as two-agent games and multiagent problems.
These problems have been addressed in the research literature using a variety of modeling and algorithmic frameworks, including (but not limited to) dynamic programming, stochastic programming, stochastic control, simulation optimization, stochastic search, approximate dynamic” (W.B. Powell)
Moderator :
Bariş Tan, Professor of Operations Management and Industrial Engineering at Koç University, Istanbul, Türkiye.
Barış Tan is a Professor of Operations Management and Industrial Engineering at Koç University, Istanbul, Turkey. He served as Vice President for Academic Affairs, Dean of the College of Administrative Sciences and Economics, and the Director of the Graduate School of Business at Koç University. His areas of expertise are in the design and control of production systems, supply chain management, and business model innovation. Professor Tan is a member of the advisory boards of Kyoto University Graduate School of Management and Nottingham Business School and an independent board member of Migros, Anadolu Efes, and Anadolu Isuzu. He served as the chair of the ISM University of Management and Economics Senate and on the boards of the European Foundation for Management Development (EFMD), EQUIS Awarding Body, CEMS Global Alliance in Management Education, Turkish Quality Association (KalDer), and Turkish Operations Research Society.
He is also a member of the KOÇ University’s AUTO-TWIN team.
