Research on credit risk modeling recognized

[img_inline align=”right” src=”http://padnws01.mcmaster.ca/images/romankodn1.jpg” caption=”Oleksandr Romanko, a PhD candidate in computer science in the Faculty of Engineering, has placed second at this year’s Mathematics for Information Technology and Complex Systems (MITACS) Annual Conference poster competition.”]Oleksandr Romanko, a PhD candidate in computer science in the Faculty of Engineering, placed second at this year's Mathematics for Information Technology and Complex Systems (MITACS) Annual Conference poster competition.

Romanko has won poster prizes at MITACS conferences in each of the last three years, competing against more than 50 graduate students from across Canada every year.

The poster, titled Credit Risk Portfolio Optimization, addresses credit risk modeling and the development of optimization techniques for reducing the credit and market risk impact on financial institutions and industrial enterprises.

The research project was performed while Romanko was on a four-month MITACS Accelerate Internship at Algorithmics Incorporated in Toronto. Algorithmics is a world leader in developing software for enterprise risk management. Romanko worked on developing optimization algorithms and applying them to real-world problems in risk management and finance.

“Our work is important for a number of reasons,” said Romanko. “We are using techniques from mathematical sciences and operational research to find practical solutions while establishing links between McMaster and industry that can result in long-term collaboration.”

Romanko attributes his success to the help of his supervisors, including Antoine Deza, associate professor in computing and software. Romanko also actively promotes the visibility of McMaster research potential in Canada and internationally and is a member of McMaster's Advanced Optimization Laboratory.

He was also a member of the McMaster team that was among the winners of the Canadian Operational Research Society student simulation competition in 2007 and 2008 and he won first place at the Forum-Competition of Young Researchers in St. Petersburg, Russia in 2008 and 2009.

MITACS is a federally-funded Network of Centres of Excellence. It brings together academia, industry and the public sector through research and training initiatives to develop cutting edge tools vital to the knowledge-based economy. MITACS Accelerate is a national internship program that connects Ontario industry with academia in order to help grow our knowledge economy and create new jobs.

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[img_inline align="right" src="http://padnws01.mcmaster.ca/images/romankodn1.jpg" caption="Oleksandr Romanko, a PhD candidate in computer science in the Faculty of Engineering, has placed second at this year's Mathematics for Information Technology and Complex Systems (MITACS) Annual Conference poster competition."]Oleksandr Romanko, a PhD candidate in computer science in the Faculty of Engineering, placed second at this year&#039;s Mathematics for Information Technology and Complex Systems (MITACS) Annual Conference poster competition. <br />
<br />
<p>Romanko has won poster prizes at MITACS conferences in each of the last three years, competing against more than 50 graduate students from across Canada every year.<br />
<br />
<p>The poster, titled Credit Risk Portfolio Optimization, addresses credit risk modeling and the development of optimization techniques for reducing the credit and market risk impact on financial institutions and industrial enterprises.<br />
<br />
<p>The research project was performed while Romanko was on a four-month MITACS Accelerate Internship at Algorithmics Incorporated in Toronto.  Algorithmics is a world leader in developing software for enterprise risk management.  Romanko worked on developing optimization algorithms and applying them to real-world problems in risk management and finance. <br />
<br />
<p>"Our work is important for a number of reasons," said Romanko. "We are using techniques from mathematical sciences and operational research to find practical solutions while establishing links between McMaster and industry that can result in long-term collaboration."<br />
<br />
<p>Romanko attributes his success to the help of his supervisors, including Antoine Deza, associate professor in computing and software. Romanko also actively promotes the visibility of McMaster research potential in Canada and internationally and is a member of McMaster&#039;s Advanced Optimization Laboratory. <br />
<br />
<p>He was also a member of the McMaster team that was among the winners of the Canadian Operational Research Society student simulation competition in 2007 and 2008 and he won first place at the Forum-Competition of Young Researchers in St. Petersburg, Russia in 2008 and 2009.<br />
<br />
<p>MITACS is a federally-funded Network of Centres of Excellence. It brings together academia, industry and the public sector through research and training initiatives to develop cutting edge tools vital to the knowledge-based economy. MITACS Accelerate is a national internship program that connects Ontario industry with academia in order to help grow our knowledge economy and create new jobs.<br />
<br />

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