EURO Excellence in Practice Award

In 1995 EURO introduced the EURO Excellence in Practice Award (EEPA) for outstanding accomplishments in the practice of OR. All interested authors are invited to submit a description of an application of OR with a real impact on practice, with original features, whether in methodology, application or implementation. A short-list of finalists are invited to present their work in a special session of the EURO-k Conference. The winner is determined by the jury at the end of the special session and is announced by the chair of the jury during the closing session of the EURO-k Conference. Only one award may be made on each occasion.

PURPOSE

The purposes of the competition are to:
  • recognise outstanding accomplishments in the practice of OR,
  • attract more application-oriented papers to EURO-k Conferences,
  • promote the practice of OR in general.

The winners of the 2018 EURO Excellence in Practice Award are:

Martin Bichler, Technical University of Munich

Douglas Ferrell, Department of Primary Industries, Fisheries Analysis

Vladimir Fux, TUM

Jacob Goeree, Business School, University of New South Wales

A combinatorial exchange for fishery access rights

We present the design and implementation of a combinatorial exchange for trading catch shares in New South Wales (NSW). The market provided a market-based response to a substantial policy problem in fisheries worldwide: the reallocation of catch shares among fishers in a cap-and-trade system designed to prevent overfishing.
The design needed to address several key challenges to overcome a long struggle about the right way to reallocate shares.
Participants wanted to be able to submit all-or-nothing package bids. Also, prices were required to be anonymous and linear such that sellers of two identical packages would get the same payment. These features were crucial for the adoption of the market design but difficult to accommodate in a market design. The requirements led to a computationally challenging allocation and pricing problem that addressed the key concerns of the stakeholders.
The market was organized in summer 2017 by the government and successfully put the shares into the hands of those who needed them most. The design nicely illustrates how computational optimization can provide new policy tools, able to solve complex policy problems that were considered intractable only a few years ago.

 

The EEPA 2018 jury consisted of Ulrich Dorndorf (chair), Erik Demeulemeester, John Poppelaars, Adam Ouorou, and Karl Dörner.

The award was presented at the closing session of the EURO 2018 Conference in Valencia (Spain).


The period for nominations for the 2019 EEPA is not yet open. It will be announced in October 2018.



Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 3.0 International License and the GNU Free Documentation License (unversioned, with no invariant sections, front-cover texts, or back-cover texts).

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