INFORMS News: Glasserman presented with Saul Gass Expository Writing Award

Paul Glasserman, recipient of the Saul Gass Expository Writing Award.

Paul Glasserman, recipient of the Saul Gass Expository Writing Award.

Paul Glasserman of Columbia University was named the 2016 recipient of the Saul Gass Expository Writing Prize. Committee Chair Shane Henderson announced the award at the INFORMS Annual Meeting in Nashville, Tenn.

Named in honor of the late Saul Gass, an O.R. pioneer and an extraordinary and prolific writer, the prize recognizes an operations researcher/management scientist whose publications demonstrate a consistently high standard of expository writing.

The citation read in part:

Professor Glasserman has heavily influenced the operations research and operations management community with his research contributions in simulation and applied probability and their applications in a variety of fields. His work has spanned simulation and gradient estimation, applied probability, production-inventory systems and operations management, and financial engineering and risk management. He has authored more than 110 journal articles and 11 book chapters. He has written three books and edited two more.

Professor Glasserman’s first book, “Gradient Estimation via Perturbation Analysis,” is a standard reference in simulation with more than 700 citations. His book “Monte Carlo Methods in Financial Engineering” is a standard reference not just within financial engineering circles, but also in simulation. The book, widely known among practitioners, was recently translated into Chinese, and has more than 3,700 citations.

Professor Glasserman has striven to reach not just the research community, but also practitioners, as evidenced by his “research briefs” written for the Office of Financial Research in the Treasury Department, and by his article, co-authored with Mike Giles for Risk Magazine, “Smoking Adjoints: Fast Monte Carlo Greeks.”

Professor Glasserman’s written work is invariably lucid, precise, illuminating and persuasive. It is no wonder that his work is heavily cited and extremely influential, not just within academic circles, but also in practice.