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Profile
He admits that this research is at an early all airline stocks rise at the same speed. We have the industry. They don’t publish, because if
Green Engineering
stage and the models are actually still quite days when all stocks crash in price, but rarely what they are doing is successful they don’t
small in terms of participants and securities are there days when they all rise and when they want other people copying it, and if it’s not
compared to a major fi nancial trading system. do it is not in proportion to their profi ts. then they want to forget it.’
MEASURE IT – FIX IT
But interest is growing and when the markets ‘We are getting some interest in our research Maringer is hoping that he can build
recover from the latest troubles he expects to from central banks which want to understand relationships with the Swiss fi nancial
fi nd many banks beating a path to his door. more of the macroeconomic consequences and institutions and international organisations
He adds: ‘What we have not quite the way that things are changing. I get phone based in the country. For example the
understood is how things correlate; traditional calls every now and then from hedge funds and Bank for International Settlements HQ is
linear correlations don’t work, because we don’t people from banks, but at the moment people a short walk from his offi ce. He is hoping
have a normal distribution. We don’t have a from the industry do not really know what to do to inspire not just computer scientists, but
correlation that is constant, because things with these methods. Economists often believe also mathematicians looking for new and
change over time and sometimes things are their work will have a dramatic effect on the interesting problems to work on.
strongly correlated and sometimes they are not. industry, but in fact it’s usually many years He says: ‘Our approach does not circumvent
But we do know that correlation is stronger for before new ideas become accepted and widely or avoid mathematics, it creates a need for new
negative events and that it is not symmetrical. used, then people fl ock to their offi ce door. mathematics that you would not see if you only
For example, when oil prices rise, airline stocks ‘Having said that it is very diffi cult to did pen and paper work. The mathematicians
go down, but when the oil price falls again, not fi nd out offi cially what people are doing in and the computer scientists in economics
have traditionally been a bit suspicious of
La Selva Biological Station developed a wireless Nucor Steel optimized its steel melting process
PEOPLE Send your ‘People’ news to editor.scw@europascience.com
each other, in that the computational people
sensor system to monitor the rain forest ecosystem. to drastically reduce electricity consumption.
think the mathematicians make too many
● InforSense founder Professor Yike Guo Massa as VP of strategic planning and
assumptions and the mathematicians think
is to move from ceO to the position of chief corporate communications.
technology offi cer and head of innovation, ● Carole Goble, Professor in the School
we are not creating real solutions. Hopefully
with David Bennett being promoted to chief of computer Science at the university of
we can go some way towards closing this
executive with immediate effect. manchester, has been awarded the inaugural
difference and use modelling to steer us
● LmS International has appointed Stefaan Jim Gray eScience award at the 2008
towards mathematical methods.’
Goossens as VP of simulation, and Bruno microsoft eScience Workshop in Indianapolis.
John Murphy
Chemical Data Management
Software That Fits
CEMS Engineering built a control system to reduce Vehicle Projects created a complex control system
energy use of industrial air chillers by 30 percent. for a zero-emission, fuel-cell-powered locomotive.
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MEASURE IT FIX IT
• Define access levels for data handling,
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• Create viable workflows, text and structure searches,
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from any sensor with signal Web interfaces, and systems hardware you choose
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