The John von Neumann Theory Prize of the Institute for Operations Research and the Management Sciences (INFORMS) is awarded annually to an individual (or sometimes a group) who has made fundamental and sustained contributions to theory in operations research and the management sciences. It is regarded the "Nobel Prize" of the field.
The Prize named after mathematician John von Neumann is awarded for a body of work, rather than a single piece. The Prize was intended to reflect contributions that have stood the test of time. The criteria include significance, innovation, depth, and scientific excellence.
The award is $5,000, a medallion and a citation.
The Prize has been awarded since 1975. The first recipient was George B. Dantzig for his work on linear programming....LESS