April 2012 Spencer C. Schantz Distinguished Lecture Series

Arthur Veinott Arthur F. Veinott Jr. ’56
Professor Emeritus of Operations Research
Stanford University

Public Lecture - Thursday, April 19, 2012
3:30 p.m. Neville Auditorium 001

Title: Optimal and Near Optimal Supply Policy for Deterministic Multiperiod Supply Networks


To view the abstract, please click here.

Technical Talk - Wednesday, April 18, 2012
8:00 p.m. Mohler Lab room 451

Title: Polytime Computation of Strong and n-Present-Value Optimal Policies in Markov Decision Chains


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Arthur "Pete" Veinott took a B.S. in Industrial Engineering and a B.A. in Arts and Science from Lehigh University in 1956 and an Eng.Sc.D. in Industrial Engineering (specializing in operations research) from Columbia University in 1960 under Cyrus Derman. He served in the USAF as a 1st Lieutenant and Operations Analyst during 1960-62. He joined Stanford University in Industrial Engineering in 1962. He became a founding member of the Operations Research Department in 1967 and served as Chair from 1975-1985. He was on leave at IBM Research-Yorktown Heights (1968-1969), Yale University (1972-73), and IBM Research-Almaden (1989-90). Stanford merged Operations Research and Engineering-Economic Systems in 1996 and then with Industrial Engineering and Engineering Management in 2000 to form Management Science and Engineering. He became Professor Emeritus on June 1, 2009.

Pete was elected to the National Academy of Engineering (1986) and awarded the John von Neumann Theory Prize by INFORMS (2007). He was selected as a Guggenheim Fellow (1978-79), an Inaugural Fellow of INFORMS (2002), and a Fellow of the Institute of Mathematical Statistics (1970). He was also elected to Phi Beta Kappa and Tau Beta Pi at Lehigh.

Pete has served as Founding Editor of Mathematics of Operations Research (1974-1980), Vice President-Publications of the Institute of Management Sciences (1973-76) and Council Member of both the Institute of Management Sciences (1971-73) and the Operations Research Society of America (1983-86). He is a member of INFORMS. His research interests span several areas of operations research and management science including optimization, stochastic systems and competitive analysis. He has been most active in dynamic programming, lattice programming, supply-chain optimization and network optimization. Six of his 27 Ph.D. students have earned major INFORMS honors, viz., 5 INFORMS Fellows, 3 Lanchester Prizes and 2 Edelman Prizes.

About Spencer C. Schantz

This lecture series is endowed in the name of the late Spencer C. Schantz, who graduated from Lehigh in 1955 with a B.S. in Industrial Engineering. Following progressive responsibilities with several electrical manufacturing companies, in 1969 he founded U.S. Controls Corporation and became its first CEO and President. The Spencer C. Schantz Distinguished Lecture Series was established by his wife Jerelyn as a valuable educational experience for faculty, students and friends of Lehigh’s Industrial and Systems Engineering department.

Click here for an archive of past events in this series