A team from the University of Twente has won the MOPTA competition, an international competition in mathematical modeling of optimization problems. The team consists of Victor Reijnders, Martijn Schoot Uiterkamp, and Mike Visser, three master students of applied mathematics, advised by Bodo Manthey.
The team developed a model to manage large portfolios of projects. Their approach consisted of generating a large set of possible combinations of “bad luck” which could impact project planning. Their optimization model incorporated these combinations, helping planners assess things that could possibly happen.
The judges (Boris Defourny, Martin Takac, and Luis Zuluaga from Lehigh University and Peter Nieuwesteeg from AIMMS) decided to award the first prize to team “DOM”, as the team was named, based on the quality of their report, their AIMMS model and their presentation at the conference.
The team was selected as one of only two teams to participate in the finals of the MOPTA Competition, which took place as part of the International Optimization Modeling Conference in Bethlehem, PA, USA on July 21st, 2015.
