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ACES Internship Presentations
FRIDAY - October 26, 2007
12:00 noon
Physics Research Building - PRB595
3 Cummington Street
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Scott Robertson
Boston University - Mathematics & Statistics
Internship performed at Bocconi School, Institute for Quantitative 
Methods - Milan, Italy

"Utility Maximization in the Long Term Limit - A Large Deviations Approach"

In finance, one often wishes to invest in portfolio's of risky assets 
where the assets display a dependence upon one or more latent factors. 
In this setup, our goal is to construct an optimal investment portfolio 
based upon an investor's desire to maximize his/her utility from the 
terminal wealth as the investment horizon becomes large. This talk will 
highlight both the role of Large Deviations and the computational 
aspects in solving this problem. At the end of the talk I will
speak about my time in Milan, Italy and how it advanced this project.

And

Tommy Vitolo
Boston University - Manufacturing Engineering
Internship performed at Jointown Group Company, Limited in Wuhan, China

"Warehouse Inventory Management Project for Jointown Group Co., Ltd, 
Wuhan, China"

Jointown Group Co, Ltd is a pharmaceutical company with over 20,000 
products, shipping daily to pharmacies, retailers, and medical centers 
across China. Their distribution system is complex, utilizing shipping 
direct to customers and intermediate warehouses, shipping product to 
customers in pallets, cases, or as individually wrapped items. Their 
ordering system at warehouses formerly consisted of daily ad hoc visual 
estimates by an inventory manager. We implemented a modified (s, S) 
inventory system in the Wuhan warehouse, resulting in lower on-hand 
inventories, less frequent stock outs, higher safety standards, improved 
customer satisfaction, and greater profitability.

Cheryl Endicott
Administrative Assistant
Boston University
Computational Science
3 Cummington Street
Boston, MA 02215
tel: 617-358-1470
fax: 617-358-2487
http://ccs.bu.edu

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