Frank Kelly
Frank Kelly is a prominent mathematician and academic known for his contributions to the field of applied probability and network theory. He is a professor at the University of Cambridge and a fellow of the Royal Society.
Early Life and Education[edit | edit source]
Frank Kelly was born in England. He attended St John's College, Cambridge, where he earned his BA in Mathematics. He later completed his PhD at the University of Cambridge under the supervision of David Kendall.
Academic Career[edit | edit source]
Kelly began his academic career as a lecturer at the University of Cambridge. He has held various positions within the university, including serving as the head of the Statistical Laboratory and the Department of Pure Mathematics and Mathematical Statistics.
Research Contributions[edit | edit source]
Frank Kelly's research primarily focuses on applied probability, stochastic networks, and optimization. He is particularly known for his work on the Kelly criterion, a formula used to determine the optimal size of a series of bets. His contributions have had significant impacts on the fields of telecommunications and internet traffic management.
Kelly Criterion[edit | edit source]
The Kelly criterion is a formula used to determine the optimal size of a series of bets to maximize the logarithm of wealth. It has applications in gambling, investment, and portfolio management.
Network Theory[edit | edit source]
Kelly has made substantial contributions to network theory, particularly in the modeling and analysis of communication networks. His work has influenced the design and management of modern telecommunication systems.
Awards and Honors[edit | edit source]
Frank Kelly has received numerous awards and honors for his contributions to mathematics and applied probability. He is a fellow of the Royal Society and has been awarded the CBE (Commander of the Order of the British Empire) for his services to mathematics.
Personal Life[edit | edit source]
Frank Kelly resides in Cambridge, England. He is married and has children.
See Also[edit | edit source]
References[edit | edit source]
External Links[edit | edit source]
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