Math-to-Industry Boot Camp V
Advisory: Application deadline is February 28, 2020
Organizers: The Math-to-Industry Boot Camp is an intense six-week session designed to provide graduate students with training and experience that is valuable for employment outside of academia. The program is targeted at Ph.D. students in pure and applied mathematics. The boot camp consists of courses in the basics of programming, data analysis, and mathematical modeling. Students work in teams on projects and are provided with training in resume and interview preparation as well as teamwork.
There are two group projects during the session: a small-scale project designed to introduce the concept of solving open-ended problems and working in teams, and a "capstone project" that is posed by industrial scientists. Last year's industrial sponsors included Cargill, D-Wave Systems, Exxonmobil, Gro Intelligence, ITM TwentyFirst LLC, World Wide Technology.
Weekly seminars by speakers from many industry sectors provide the students with opportunities to learn about a variety of possible future careers.
Applicants must be current graduate students in a Ph.D. program at a U.S. institution during the period of the boot camp.
The program will take place at the IMA on the campus of the University of Minnesota. Students will be housed in a residence hall on campus and will receive a per diem and a travel budget, as well as an $800 stipend.
To apply, please supply the following materials through the link at the top of the page:
- Statement of reason for participation, career goals, and relevant experience
- Unofficial transcript, evidence of good standing, and have full-time status
- Letter of support from advisor, director of graduate studies, or department chair
Selection criteria will be based on background and statement of interest, as well as geographic and institutional diversity. Women and minorities are especially encouraged to apply. Selected participants will be contacted in April.
|Nawaf Alansari||Department of Mathematics||The Pennsylvania State University|
|Gabrielle Angeloro||Department of Mathematics||Iowa State University|
|Skye Binegar||School of Mathematics||Georgia Institute of Technology|
|Nicole Bridgland||World Wide Technology|
|Cameron Cook||Department of Mathematics||University of Tennessee|
|Ryan Coopergard||Department of Mathematics||University of Minnesota, Twin Cities|
|Erica de la Canal||Department of Mathematics||The University of Texas at Austin|
|Kari Eifler||Department of Mathematics||Texas A & M University|
|Nazar Emirov||Department of Mathematics||University of Central Florida|
|Alexander Estes||Institute for Mathematics and its Applications||University of Minnesota, Twin Cities|
|Adeyemi Fagbade||Department of Mathematics and Statistics||University of Wyoming|
|Jasmine Foo||School of Mathematics||University of Minnesota, Twin Cities|
|Priyanga Ganesan||Department of Mathematics||Texas A & M University|
|Alketa Henderson||University of North Carolina, Greensboro|
|Thomas Hoft||Department of Mathematics||University of St. Thomas|
|Ruihao Huang||OCP/Division of Pharmacometrics||FDA|
|Yu-Li Huang||Health Care Systems Engineering||Mayo Clinic|
|Alicia Johnson||Department of Mathematics, Statistics, and Computer Science||Macalester College|
|Marshall Lagani||Securian Financial|
|Kevin Leder||Department of Industrial System and Engineering||University of Minnesota, Twin Cities|
|Chang Li||Department of Mathematics||University of Central Florida|
|Sarah Miracle||Department of Computer and Information Sciences||University of St. Thomas|
|Liban Mohamed||Department of Mathematics||University of Wisconsin, Madison|
|Dhir Patel||Department of Mathematics||The Ohio State University|
|Hansen Pei||Department of Mathematical Sciences||University of Delaware (Newark, DE, US)|
|John Portin||Department of Mathematics||University of Kansas|
|Nilay Shah||Kern Center for the Science of Health Care Delivery||Mayo Clinic|
|David Shuman||Department of Mathematics, Statistics and Computer Science||Macalester College|
|Daniel Spirn||University of Minnesota||University of Minnesota, Twin Cities|
|Yanru Su||Department of Applied and Computational Mathematics||University of Kansas|
|Radmir Sultamuratov||Department of Mathematics||Wayne State University|
|Jidong Wang||Department of Mathematics||University of Oregon|
|Katherine Weber||Department of Mathematics||University of Minnesota, Twin Cities|
|Zhimin Wu||School of Mathematical and Statistical Sciences||Arizona State University|
Projects and teams
Project 1: Modeling equity-linked insurance benefits
- Mentor Marshall Lagani, Securian Financial
- Gabrielle Angeloro, Iowa State University
- Adeyemi Fagbade, University of Wyoming
- Priyanga Ganesan, Texas A & M University
- Chang Li, University of Central Florida
- Liban Mohamed, University of Wisconsin, Madison
- Radmir Sultamuratov, Wayne State University
- Jidong Wang, University of Oregon
It has become commonplace for insurance companies to offer products that link benefit guarantees to stock market indices, such as the S&P 500. Modeling the risks inherent in such a product requires a strong understanding of mathematical finance as well as significant computational resources. Derivatives instruments, primarily futures, options, and swaps, can be used to hedge the liability, providing an effective mitigation of product risks.
Participants will learn about variable annuities, a common equity-linked product, as well as some of the common derivatives instruments used to hedge the risks in these products. We will explore some of the techniques used to model the liabilities they generate and develop methods to create proxy models, allowing us to monitor risks and rebalance hedge positions intraday as the markets move in between model runs. This project assumes little to no background in mathematical finance and should be of interest to participants who are interested in computational statistics, quantitative finance, and Python.
Project 2: Optimizing warehouse operations
- Mentor Nicole Bridgland, World Wide Technology
- Cameron Cook, University of Tennessee
- Erica de la Canal, The University of Texas at Austin
- Kari Eifler, Texas A & M University
- Nazar Emirov, University of Central Florida
- Hansen Pei, University of Delaware (Newark, DE, US)
- John Portin, University of Kansas
- Katherine Weber, University of Minnesota, Twin Cities
Supply chain operations motivate many data science and optimization problems. From a demand and pricing perspective, one might ask: how much of item X do we anticipate selling? How much do we expect it to pay for it, depending on when we buy it? From a storage and operations perspective, one might ask how we best store it in warehouses to get it to where it's going. Do we have enough warehouse space for all the stuff we will need to store in the near future? What are the error bars on that space usage estimate? There's plenty of questions from a purely operational perspective as well. For example, in a busy warehouse, forklift traffic can cause significant slowdowns. A forklift at one load or drop-off location may block access to several locations in the warehouse. Forklifts waiting to enter one row could block the major paths through the warehouse. This project is directed at optimizing internal warehouse transit operations, through any of storage location choices, job scheduling, or pathing choices.
Project 3: Bone marrow transplant process modeling and optimization
- Mentor Yu-Li Huang, Mayo Clinic
- Nawaf Alansari, The Pennsylvania State University
- Skye Binegar, Georgia Institute of Technology
- Ryan Coopergard, University of Minnesota, Twin Cities
- Alketa Henderson, University of North Carolina, Greensboro
- Dhir Patel, The Ohio State University
- Yanru Su, University of Kansas
- Zhimin Wu, Arizona State University
Bone Marrow Transplant (BMT) is an effective treatment for many hematological malignancies. This modality has become integral to the management of many patients resulting in a dramatic increase in the volume of patients undergoing the procedure. The volume of patients coming for transplant (about 500 patients undergo this highly complex procedure annually at Mayo Clinic Rochester) has progressively increased over the past decade leading to many innovative solutions to adapt to this challenge. Over the past two decades the infrastructure has been developed to allow a majority of patients to undergo many components of the procedure as an outpatient visit despite the highly complex nature of the patients and associated risk of complications. Ultimately we have reached maximum safe capacity with our current workflow. This has posed major stresses on many areas including patient scheduling, stem cell collection, outpatient visit, human cellular therapy laboratory, hospital based outpatient facility, and inpatient facility. BMT practice has recently implemented a predictive model for stem cell collections. This model is expected to increase capacity by 20% with the same resources. The practice also adopted pre scheduling concept to plan for entire patient transplant itinerary starting from stem cell collections, pre-chemo visits, to chemo treatment and stem cell infusion. There are uncertainties in all three stages due to patient conditions, resource constraints, and process complexity. This short term project will focus on modeling and optimizing the stochastic nature of these three stages which could potentially provide recommendations for scheduling policy and resource planning.