Abraham Charnes
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Abraham Charnes (September 4, 1917 – December 19, 1992) was an American mathematician who worked in the area of
operations research Operations research () (U.S. Air Force Specialty Code: Operations Analysis), often shortened to the initialism OR, is a branch of applied mathematics that deals with the development and application of analytical methods to improve management and ...
. Charnes published more than 200 research articles and seven books, including ''An Introduction to Linear Programming''. His works influenced the development of
Data envelopment analysis Data envelopment analysis (DEA) is a nonparametric method in operations research and economics for the estimation of production frontiers.Charnes et al (1978) DEA has been applied in a large range of fields including international banking, econom ...
(DEA) method. In his 1953 article with William W. Cooper he developed the
chance constrained programming Chance Constrained Programming (CCP) is a mathematical optimization approach used to handle problems under uncertainty. It was first introduced by Charnes and Cooper in 1959 and further developed by Miller and Wagner in 1965. CCP is widely used in ...
method for solving optimization problems in the presence of uncertainty. Charnes received his bachelor's degree in 1938, master's degree in 1939, and PhD degree (with a thesis entitled ''Wing-Body Interaction in Linear Supersonic Flow'') in 1947 from the University of Illinois. Charnes taught at the
Carnegie Institute of Technology Carnegie Mellon University (CMU) is a private research university in Pittsburgh, Pennsylvania, United States. The institution was established in 1900 by Andrew Carnegie as the Carnegie Technical Schools. In 1912, it became the Carnegie Institu ...
,
Purdue University Purdue University is a Public university#United States, public Land-grant university, land-grant research university in West Lafayette, Indiana, United States, and the flagship campus of the Purdue University system. The university was founded ...
,
Northwestern University Northwestern University (NU) is a Private university, private research university in Evanston, Illinois, United States. Established in 1851 to serve the historic Northwest Territory, it is the oldest University charter, chartered university in ...
, and at the
University of Texas at Austin The University of Texas at Austin (UT Austin, UT, or Texas) is a public university, public research university in Austin, Texas, United States. Founded in 1883, it is the flagship institution of the University of Texas System. With 53,082 stud ...
since 1968. In 1975 Charnes was shortlisted for the Nobel Prize in economics. In 1982 he was awarded (jointly with William W. Cooper and Richard Duffin) the John von Neumann Theory Prize. In 1989 he received the Harold Larnder Prize of the Canadian Operations Research Society. In 2006 he received (jointly with William W. Cooper) the
INFORMS The Institute for Operations Research and the Management Sciences (INFORMS) is an international society for practitioners in the fields of operations research Operations research () (U.S. Air Force Specialty Code: Operations Analysis), often s ...
Impact Prize. Charnes also received the Distinguished Public Service medal from the U.S. Navy for his contributions as a research physicist and operations analyst during World War II.


See also

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Chance-constrained portfolio selection Chance-constrained portfolio selection is an approach to portfolio selection under loss aversion. The formulation assumes that (i) investor's preferences are representable by the expected utility of final wealth, and that (ii) they require that th ...


References


External links

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Biography of Abraham Charnes
from the Institute for Operations Research and the Management Sciences (INFORMS) {{DEFAULTSORT:Charnes, Abraham 20th-century American mathematicians 1917 births John von Neumann Theory Prize winners 1992 deaths Fellows of the Econometric Society