Research & Academics

Research Aims

  • To investigate the Uncertainty involved in investment problem. Mathematical foundation of Fuzzy Set Theory, Grey System Theory, Rough Set Theory and Uncertainty Theory [Liu, 2007] and their applications in this regard.
  • Developing different models for Stock Portfolio Selection in uncertain environments and their solutions.Ø Developing different models for R&D Project Portfolio Selection in uncertain environments and their solutions.
  • To measure the Risk involved in investment analysis in a new way. There are many attempts to measure the risk in portfolio selection problem. But none of them works really fine. The motto will be to define risk in an effective way such that it will be able to overcome the drawbacks of current measurements of risk.
  • To develop a new meta-heuristic/evolutionary algorithm that can overcome the drawback of saturating at local optima and which will be able to search the global optimum with less complexity. To apply the algorithm to large-scale data sets in portfolio selection problems.
  • To propose an overall model (which can be implemented as high-end software) in the form of an Artificial Agent to take decisions automatically in dynamic environment.

Research [Ph.D.] Guidance

    • Mr. Gour Sundar Mitra Thakur on ‘Portfolio Selection by using Fuzzy Expert Systems’, Department of Mathematics, National Institute of Technology, Durgapur, Co-guide: Dr. Seema Sarkar (Mondal).
    • Sk. Ahmed Hossain on ‘Fuzzy Decision Making: Application to Investment Analysis’, Department of Mathematics, National Institute of Technology, Durgapur, Co-guide: Dr. Samarjit Kar.

Conferences

  1. Presented the paper “Merit evaluation of competitors in debate and recitation competitions by fuzzy approach” in the International Conference on Modelling, Optimization and Computing, October 28-30, 2010, National Institute of Technology, Durgapur.
  2. Presented the paper “Mean-variance-skewness portfolio selection model formulation using weighted possibilistic moments” in the International Conference on Optimization and Its Application, February 16-18, 2010, Banaras Hindu University, Varanasi.
  3. Presented the paper “Mean-entropy-skewness portfolio selection model with uncertain returns” in the International Conference on Recent Advances in Mathematics & Applications, January 13-15, 2010, University of Burdwan, West Bengal.
  4. Presented the paper “Methods of Evaluation and Extraction of membership Functions- Review with a new Approach” in the International Conference on computing: Theory and Application, March 5-7, 2007, Indian Statistical Institute, Kolkata.
  5. Attended the National conference “Applications of Operations Research in Management Science”, 26-27 December, 2006 organized by Department of Engineering Science, Haldia Institute of Technology, West Bengal and sponsored by AICTE.
  6. Presented the paper “Fuzzy Membership Functions- Its Properties, A New Evaluation Method by Lagrange’s Method”, in the National Conference “ UNCERTAINTY: A MATHEMATICAL APPROACH” (UAMA-2006), 07- 08 September, 2006, organized by Department of Mathematics, M.U.C. Women’s College, Burdwan, West Bengal and sponsored by UGC, Govt. of India.

Workshops/Short-term Courses

  1. Deliver a talk on ‘Fuzzy Portfolio Selection’ in the International Workshop on “Fuzzy Sets, Rough Sets, Uncertainty Analysis and Applications” in National Institute of Technology Durgapur, 21 - 25 November 2011.
  2. Attended the workshop on ‘Advances in Computational Optimization and Applications’ in National Institute of Technology, Durgapur during November 08-12, 2010.
  3. Attended the Short-term course on ‘Financial Modelling and Risk Management: Theory and Practice’ in Indian Institute of Technology, Kharagpur during May 24- 27, 2010.
  4. Attended the CARISMA-IIM Calcutta workshop of Brunel University, London on ‘Optimization Methods and Its Applications, High Frequency Finance’ during 10-13 March, 2010.
  5. Attended the Workshop on ‘Data Mining and Data Warehousing(DmDw’08)’ organized by the Center for Soft Computing Research of Indian Statistical Institute, Kolkata, India during September 15-20, 2008.

Education

Ph.D. in Mathematics, National Institute of Technology, Durgapur, India, 2011.

  • Dissertation title: Portfolio Optimization in Uncertain Environments.
  • Supervisors: Dr. Samarjit Kar (National Institute of Technology, Durgapur) and Professor Dwijesh Dutta Majumder (Indian Statistical Institute, Kolkata).

Post PG Course in Machine Intelligence and Soft Computing, Indian Statistical Institute, Kolkata, India, 2009.

  • Project title: Measurement of Force Applied to Balance Inverted Pendulum.
  • Supervisor: Professor C. A. Murthy.

M.Sc. in Mathematics, University of Kalyani, Kalyani, West Bengal, India, 2004.

B.Sc. (Honours in Mathematics), University of Kalyani, Kalyani, West Bengal, India, 2002.

Achievements

  • Professor M N Gopalan Award for the best Doctoral Thesis of 2011from The Oerational Research Society of India.
  • Best Teacher Award, Camellia Institute of Engineering and Technology, Budbud, Burdwan, India, 2011.
  • First Class First in B.Sc. (Honours in Mathematics), 2002 in order of merit.
  • Susil Sen Memorial Prize, 2002.
  • Debosri Biswas Memorial Prize, 2002.
  • Nagendranath Bhattacharyya Memorial Prize and scholarship, 2001.
  • National Scholarship, 1996.