Math Honors Kinderlehrer and Kramkov-Mellon College of Science - Carnegie Mellon University

Tuesday, October 27, 2009

Math Honors Kinderlehrer and Kramkov

Two esteemed members of the Department of Mathematical Sciences have been honored with named professorships. David Kinderlehrer received the Alumni Professorship in Mathematical Sciences and Dmitry Kramkov received the Mellon College of Science Professorship in Mathematical Finance.

David Kinderlehrer and Mellon College of Science Professor of Mathematics Irene Fonseca.

“Named professorships are the highest accolade a university can grant to its faculty members. It is a recognition of all a faculty member has done as a researcher, a teacher and a university citizen,” said Carnegie Mellon President Jared Cohon.

The Alumni Professorship was created by the university to honor some of its most esteemed faculty members for their contributions in their respective fields; the Alumni Professorship in Mathematical Sciences was founded in 1992. Kinderlehrer, a professor of mathematical sciences and materials science and engineering, is a leader in the field of applied analysis. He is the co-founder of the highly respected Center for Nonlinear Analysis and the first mathematician to join the Materials Research Science and Engineering Center (MRSEC). He is best known for his contributions to advancing materials science research, in particular as part of the team that discovered a paradigm-changing characterization of microstructure.

President Jared Cohon, Alexander M. Knaster Professor and Mathematical Sciences Department Head Roy Nicolaides, Dmitry Kramkov, and Mellon College of Science Dean Fred Gilman.

The newly established Mellon College of Science Professorship in Mathematical Finance recognizes the department’s preeminent position in mathematical finance and honors a faculty member who possesses an outstanding reputation in that field. Kramkov, a professor of mathematical sciences, is a leader in computational finance, especially as it relates to problems of hedging and optimal investment in incomplete financial models. He is highly regarded for his work on optimal decomposition for supermartingales, asymptotic elasticity condition on utility functions and risk-tolerance wealth processes. He is the co-author of the Kramkov-Schachermayer theorem that addresses the duality of portfolio optimization.

By: Jocelyn Duffy