The winning proposal, “CAP: Infrastructure Support for an Interdisciplinary Research Center,” outlined four application ar eas (mathematical and computational finance, stochastic networks, logistics and distribution, and population dynamics), and four methodological areas (control and optimization, stochastic analysis, numerical methods, and statistical inference), with exten sive cross linkage, as CAP's focal areas for building research and educational programs.

The proposing team is led by Chris Heyde and David Yao, and includes Sid Browne, Joel Cohen, Awi Federgruen, Paul Glasserman, Ioannis Karatzas, Perwez Shahabuddin, Larry Shepp, and Karl Sigman. Their many honors and awards include: Membership in the U.S. National Academy of Science and the Australian Academy of Science, MacArthur Fellowship, Guggenheim Fellowship, George B. Pegram Distinguished Fellowship, Pitman Medal, Hannan Medal, Lyle Medal, Paul Levy Prize, IEEE Distinguished Scientist Award, Disting uished Statistical Ecologist Award, Mindel C. Sheps Award, Mercer Award, Presidential/NSF Young Investigator Awards, NSF Faculty Career Award, and George E. Nicholson Awards. Jointly, the team holds over 30 positions on the editorial board of more than a dozen leading journals in applied probability and related fields, including Advances in Applied Probability, Annals of Applied Probability, Journal of Applied Probability, Management Science, Mathematical Finance, Operations Research, Queueing Systems, an d SIAM Journal of Control and Optimization.

Additional funding is provided by Columbia University's Office of the Vice Provost for Research, the Dean's Office of the Graduate School of Business and the Dean's Office of the School of Engineering and Applied Science