The Institute for Operations Research and the Management Sciences (INFORMS) has selected Ruth Williams and Martin Reiman to jointly receive the 2016 INFORMS Von Neumann Theory Prize.

The John von Neumann Theory Prize is awarded annually to a scholar (or scholars in the case of joint work) for fundamental, sustained contributions to theory in operations research and the management sciences. The award was presented at a ceremony on November 13 at the INFORMS Annual Meeting in Nashville, Tennessee.

Ruth and Marty were selected in recognition of their fundamental work on the theory and applications of stochastic networks and their diffusion approximations.

The Institute for Operations Research and the Management Sciences (INFORMS) is the largest society in the world for professionals in the field of operations research (O.R.), management science, and analytics. See https://www.informs.org/Recognize-Excellence/INFORMS-Prizes-Awards/John-von-Neumann-Theory-Prize.