Associate Professor S. Raghavan (BGMT/ISR) and his former Ph.D. student Robert Day have won the INFORMS Computing Society Prize for the best paper in the operations research/computer science interface. The prize was awarded for their paper, "Fair Payments for Efficient Allocations in Public Sector Combinatorial Auctions," which was published in the journal Management Science in September 2007.
Day is currently an assistant professor in Operations and Information Management at the University of Connecticut's School of Business. It is the second time Raghavan has won the award; he is one of only two people to have done so.
The paper developed a methodology developed for determining the payments that winners in a combinatorial auction should make. This methodology is likely to be used in upcoming U.S. government auctions for airport landing slots, as well as U.K. and Dutch government spectrum auctions.
The pair were presented with the award at the annual INFORMS National Meeting in Washington, D.C. in October. INFORMS is the Institute for Operations Research and the Management Sciences. It is the largest professional society in the world for those in the field of operations research.
October 22, 2008