Applied Math Faculty Win Dean's Awards for ResearchTwo Applied Math faculty members won the 2009 College of Science and Letters Dean's Awards for Excellence in Research at a banquet held November 24, 2009 on the IIT Main Campus.
Assistant Professor Shuwang Li won the Junior Faculty Research Award for his publication in the journal Physical Review Letters on branching patterns in viscous fluids. This paper was featured on the cover of the May 1st issue of Physical Review Letters, an international letters journal covering topics in all fields of general physics. The paper, Li's first publication as a member of the IIT faculty, explores how shape instabilities can be controlled when a fluid system is out of equilibrium.
Professor Tomasz Bielecki won the Senior Faculty Research Award for his work in credit risk analysis and valuation. The Director of the Mathematical Finance Professional Master's program, Bielecki's research explores how finance institutions value credit products and evaluate the risk involved in their investments. CSL Dean Russel Betts, on introducing Bielecki, said, "He's the guy who foresaw what was happening in the finance world."
Also honored at the ceremony, Jae Kwan Li (AMATH 4th year) was recognized for his CSL Summer Research Stipend work with Professor Jinqiao Duan on manifold perbutations.