Challenge website at http://m3challenge.siam.org and are now available for viewing.
This year's M3 Challenge problem, "Solving the Social Security Stalemate," asked students to "develop a mathematical analysis of the issues, and present one or more approaches that would guarantee the integrity of the system for at least 75 years." Students had just 14 hours to download the problem, research, write, and then upload their solution papers. Some of the solutions ranged from increasing the retirement age to imposing a higher income tax. While many of the entries provided insight into this very timely problem, the top six were chosen for their originality, ingenuity, and creative implementation of mathematical modeling.
Of the 129 teams (572 students) that submitted viable solutions, the top six that were awarded scholarship prizes and whose papers are available to view on the M3 Challenge website are:
Summa Cum Laude Team Prize -- Staples High School, Westport, Connecticut
Magna Cum Laude Team Prize-- Immaculata High School, Somerville, New Jersey
Cum Laude Team Prize-- Herricks High School, New Hyde Park, New York
Meritorious Team Prize-- Great Neck North High School, Great Neck, New York
Exemplary Team Prize-- Manalapan High School, Manalapan, New Jersey
First Honorable Mention-- High Technology High School, Lincroft, New Jersey
The Moody's Foundation is a charitable foundation established by Moody's Corporation. Moody's Corporation (NYSE: MCO) is the parent company of Moody's Investor Service, a leading provider of credit ratings, research, and analysis covering debt instruments and securities in the global capital markets, and Moody's KMV, the leading provider of market-based quantitative services for banks and investors in credit-sensitive assets serving the world's largest financial institutions. The corporation employs approximately 2,500 people worldwide and maintains offices in 19 countries. Further information is available at www.moodys.com.
SIAM, headquartered in Philadelphia, PA, is an international community of over 10,000 individual members, including applied and computational mathematicians, computer scientists, and other scientists and engineers. The Society advances these fields through a series of premier journals and a wide selection of conferences. With over 500 academic and corporate institutional members, SIAM serves the disciplines of applied mathematics and computational science by publishing a variety of books and prestigious peer-reviewed research journals, by conducting conferences, and by hosting activity groups in various areas of mathematics. SIAM supports regional sections and student chapters that provide many opportunities for students. One of the primary goals of SIAM is to increase the pipeline of students into applied math studies and careers. More information about SIAM is available at www.siam.org.
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