The College Application Problem, in Korean

I gave a brief presentation about the college application problem at a research fair hosted by our department. English subtitles are included.

College Application on arXiv

In advance of a conference I will be attending with my labmates next month in Jeju, my thesis advisor and I have posted a preliminary version of “The College Application Problem” on arXiv. Here’s the abstract:

This paper considers the maximization of the expected maximum value of a portfolio of random variables subject to a budget constraint. We refer to this as the optimal college application problem. When each variable's cost, or each college's application fee, is identical, we show that the optimal portfolios are nested in the budget constraint, yielding an exact polynomial-time algorithm. When colleges differ in their application fees, we show that the problem is NP-complete. We provide four algorithms for this more general setup: a branch-and-bound routine, a dynamic program that produces an exact solution in pseudopolynomial time, a different dynamic program that yields a fully polynomial-time approximation scheme, and a simulated-annealing heuristic. Numerical experiments demonstrate the algorithms' accuracy and efficiency.

Rolling updates to the paper as well as various slideshows presenting the research are available on GitHub.