t!!lsENG SCHOOL OF
ENGIHUIIHG
DEPARTMENT OF
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INDUSTRIAL ENGINEERING AND LOGISTICS MANAGEMENT
Special Edition for Teaching and Learning Innovation
Teaching and Research Excellence impact the as World University Ranl
standards - ranked top 20 in the world and No. 1
celebrates excellence, integrity and academic
in Greater China in Statistics and Operational
freedom. Within the short span of two decades,
Research, and 31 in the world and No. 1 in Hong
HKUST has rapid ly risen in the global academic
Kong in the Manufacturing field, according to
arena and has been ranked Asia's number one in
the latest QS World University Rankings by Subject
the QS University Rankings in 2013 and QS Top 50
2015. Our real appreciation goes to the dedicated
Universities Under 50. Being an integral part of the
and committed IELM faculty for their continua l
School of Engineering, the top Engineering
inspiration
School in Hong Kong and ranked No. 14 in the
excellence w hich supports the Department in
QS World University Rankings by Faculty 2015 -
achieving greater goals.
in
both teaching
and
Engineering and Technology, IELM Depart ment
continues its efforts in pursuit of the highest
Pr ofessor Fugee Tsung Head of Industrial Engineering and Logistics Management
research
Financial Engineering Option Attracting tomorrow's talent to safeguard the future Fina ncia l Eng ineering (FE) is a multidisciplinary field
Mr. Quentin Tsui, one of the outstanding i ELM graduates
where engineering methodologies and quantitative tools
in 2015, shares his work experience in the investment
are applied to solve various financial problems arising in
banking industry. Prior to his graduate position as an
practice. With the aim of providing a systematic training
Analyst, Corporate Finance - Technology, Media and
to students who aspire to pursue a career in
Telecommunication in Deutsche Bank, one of the Bulge
finance-related areas in industry or pursue a further
Bracket investment banks, Quentin spent his last summer
degree in FE, the Financial Eng i n eer ing Option is
there as an intern. With an exceptional performance
launched in Fall 2015/16.
during his internship, he was given a returning offer at the end of the program, thus securing his graduate job.
Professor Ning Cai, FE Option coordinator comments that
"Financial Engineering is critical to Hong Kong's
He commented that during h is 10-week internship, he
development in its role as a major international financial
had Uthe opportunity to work on transactions involving
center and the l argest offshore center for renminbi
acquisitions, private placements, potential iPOs,
investment. By taking this option, students are trained to
privatizations, strategic investments etc. with
apply industria l engineering and operations research
experienced bankers who have led well-known IPOs and
techniques to build financial models and to make use of
Debt issuance including Alibaba and Tencent." This was a
engineering methodologies to solve finance-related
truly rewa rding experience for him, as not only did this
problems quantitatively.
internship prepare him to be a junior banker, his soft skills, including multitasking ski l ls , business
"We are happy to see that quite a number of our alumni
communications and the ability to work under severe
are now working in the banking industry," Prof. Cai adds.
pressure were also enhanced.
"We had meetings with various investment banks, and they were interested in recruiting Industrial Engineers to
When asked to comment about how IELM prepared him
their companies." IELM students are trained with a strong
to be an "ibanker'; Quentin focused on the fact that ulELM
mathematical background and analytical skills - which are
trained me to tackle cha llenging tasks in the evolving
certainly invaluable assets to employers. To further train
business environment. These included: 1) thorough
the students for a promising career in the financial
attention to detail and sensitivity to numbers; 2) the
industry, IELM department offers the FE Option
ability to raise critical questions; 3) to communicate
exclusively for IELM students from September 2015
efficiently and professionally; 4) the ability to learn fast;
onwards. Students taking this option will be equipped
5) a comprehensive knowledge of business operations
with foundational knowledge include derivatives pricing,
and finally, gain an entrepreneurial mindset for new
portfolio management, financial data analysis, and r isk
solutions." However, as always, opponunities are only
management in various financial markets.
given to those who plan ahead and prepare well in advance. To know more about the FE Option, please visit IELM website at http://ielm.ust.hk.
Jumping for Joy: When Technology Meets Art (
[email protected] Product and service design and devel opment is one of the most exciting and rapidly growing areas in the Hong Kong and Pearl River Delta area. To be a really imaginative and innovative product designer, both areas of aesthetics and functionality should be incorporated when designing a new product. With the aim of raising students' interest in product design and inspiring their creativity, IELM has organized va rious design competition s and courses,
blending art with engineering. A lighter moment of the eight instructors in the course
Design Thinking (Summer 2015) The IELM 4320 Design Thinking course was an exciting
With the theme of " Technology Meets Art~ the joint
col l aboration between a v ery experienced group of
course between HKUST and CAA celebrated its thi rd year.
HKUST lecturers led by Professor Ravindra Goonetilleke,
This year, students had to design products with the ai m of
Professor Emily Au , Professor Huamin Qu and
assisting senior citizens t o maintain their physical and
Professor Pedro Sander who, with their counterparts of
mental health. With a visit to one of the centers at the
Ch i na Academy of Art (CAA), offered a number of
start of the course, students had the opportunity to talk
stimulating , thought provoking and motivational
with residents and see first-hand thei r needs. They then
sessions.
transl ated their creative ideas developed in Hangzhou into aesthetically-pleasing prototypes at HKUST.
One of the final highlights was a visit of over 40 senior citizens from The Sun Chui Lutheran Centre for the Elderly
Our visitors gave concrete feedback on the range of novel
and The Mr. and Mrs. Lawrence Wong Second Lutheran
exhibits, which was inva luable for students to further
Home for the Elderly on August 4 2015. Our visitors had an
enhance the user experience of these interactive
enjoyabl e morning with HKUST instructors and students
products. It is hoped that these enhanced prod ucts will
at the HKUST Lee Shau Kee Library where they inspected
soon be in use in many residences specially designed for
and tried out each of the innovative and original products
older people.
on disp l ay. These were designed by a group of 40 outstanding students from both HKUST and CAA, who took part in the 4-week Design Th i nking course this summer.
My Toy Design Competition
Science Toy Design Competition The Science Toy Design Competition was first hel d in
2014. With the generous support from NSI International Inc., a leading designer and manufacturer of scientific
educational toys in the US with their leading products carrying the famous Smithsonian brand, this competition aims to promote creativity and encourage students to transfer their in-depth knowledge of science and technology to an educational toy. The competition was officially launched on April 23 2015, The My Toy Design Competition 2014- 15 was concluded
with Professor Ravindra Goonetilleke, Associate Head of
with an Award Presentation Ceremony on May 29 2015 at
/ELM and Mr. Brian Waldman, Senior Vice President of NS/
The Langham Hotel. Mrs. Janet Chu, Assistant Head of
International Inc. hosting the ceremony. The selected
Create Hong Kong, HKSAR Government was the Guest of
winner's products, which will be announced in the
Honor. Thirteen awards, including Gold Award, Silver
Presentation Ceremony in October 2015, will be taken to
Award and Bronze Award in each group, were presented
market using NSl 's expertise. The competition is a rea l
during the ceremony; and a team of young participants
platform for promising designers to showcase their
aged 15 years old in the Student Group was awarded with
talents and take advantage of networking opportunities
a Specia l Award as an encouragement. Both Bronze
within this growth industry. Please visit
Awards in the Student Group went to HKUST. Two ECE
http://d esign.ust.hk/com petition/sciencetoy for more
undergraduate students, WONG Tak Hei and YEUNG Tin
information about the competition.
Lam won the Bronze Award of the Toys with Smart Device Apps category with their toy Spiderbot; while Big Money,
designed by two SBM undergraduate students, CHIU Wing and CHOI Yuk Hei Jeffrey, gained the Bronze Award
in the Traditional Toys category. Jointly organized by IELM Department and various Toy Association s in Hong Kong, the overal l aims of My Toy Design Competition 2014-15 were to nurture students' creativity and discover the potential of local talented designers. Chair of the organizing committee, H KU ST's Professor Ravindra Goonetilleke, noted that the success of the
competition was due to a very successful collaboration with Create HK as a major sponsor, and many other local companies who had generously agreed to participate in the event. This had definitely taken the competition to another level and he felt confident that with this type of partnership and level of support, it would ensure further success in the future. For more info rmation on this Competition, please visit http://mytoydesign.ust.hk.
IE Global Experts Propose Ideas Exchange on Innovation and Logistics
The 6th International Conference on Systematic
Hon. Frankie Chi - Ming Vick, Legislative Councillor,
Innovation (ICSI) & the 5th Global Competition on
Functional Constituency - Transport of HKSAR Government.
Systematic Innovation (GCSI) was successfully held on
This 3-day conference fostered the exchange of ideas on
July 15-17 2015. Nearly 70 delegates gathered at HKUST,
the latest devel opments in the field of logisti cs and
exchanging their Ideas on theoretical and technologica l
maritime systems and Its Impact on the g loba l supply
advances in Systematic Innovation (SI).
chain among 120 representatives from universities and
Professor Fu gee Tsung, co-chair of the conference, gave a
related industries.
warm welcome to all delegates at the Opening Ceremony.
Th is year, the theme of the conference is "Ocean
This was then followed by the Welcome Address g iven by
T ransport Logistics: Making Gl obal Supply Chain
Mr. Gregory So, Secretary for Commerce and Economic
Effective." Two keynote speakers, Professor Hau Lee of
Development of the HKSAR Government, Ir, Dr, Hon
Stanford University, USA and Professor Jan Fransoo of
Wai-kwok Lo , Legislative Councillor, Functional
Eindhoven University of Technology, Netherlands w ere
Constituency - Enginee rin g of the HKSAR Government,
invited to give a speech on "View from the Top: What
Professor Way Kuo, President of City University of Hong
Supply Chain Leaders Are Th inki ng About" and " Loca l
Kong and Dr. Eden Woon, Vice-President for Institutional
Hinterland Logistics: A Critical Enabler for Globa l Ocean
Advancement of HKUST.
Transport" respectively. Industry panel discussion and
The conference consisted of two keynote speeches (Mr. Darrell Mann, CEO of Systematic Innovation Limited on Systematic Innovation: Past, Present and Future and
parallel presentation sessions were also arranged, providing further insights on the recent research and trend in the logistics and maritime systems.
Professor Toru Nakagawa, Professor Emeritus, Osaka
An optional visit to the Hongkong International
Gakuin University on Six-Box Scheme: New Paradigm for
Terminals (HIT) was organized on the last day of the
Creative Problem Solving Methodology) as well as parallel
conference. Delegates were impressed by the modern
technical sessions. This annual meeting prov i ded a
management techniques and the state-of-the art IT
platform for scholars around the globe to share their
systems at HIT, and they were able to contribute both
views on the recent development in the field of SI.
their expertise and knowledge of container port
Meanwhile, the 5th International Conference on Logistics and Maritime Systems (LOGMS201 S) was launched at HKUST on August 27 2015 in the presence of Professor Chung-Vee Lee, Conference Chair of LOGMS20 75, Professor Wei Shyy, Provost of HKUST and
operations in their home cou ntry. This was truly a significant o ccasion for all logistics experts to gather and share their ideas and thoughts on the latest advancements in maritime transport.
IELM Mentorship Program Offering Expertise from Industry Leaders and Alumni It has been another rewarding year for both IELM mentors
We were extreme l y g r ateful to the six executive
and students. The IELM Mentorship Program 2014/ 1 S
committee members of MTMAA who agreed to take part
attracted 43 mentors - almost double last year's number
in the group mentoring program this year. With their
as well as nearl y 100 mentees to participate in this
wide-ranging experience in various aspects of logistics,
meaningful program. Apart from the continuous support
trading and manufacturing, they arranged numerous
from our outstanding alumni and successful industry
activities for our students, including site visits and an
executives, HKUST's Master of Technology Management
interview skills workshop. All these activities provided an
Alumni Association (MTMAA) played a vital role in this
excellent learning opportunity for our students and really
year's program.
assisted them to better preparation for their future careers.
Mr. Simon Law, President of MTMAA initiated the Group Mentoring Program . Instead of the usual practi ce of
Jointly organized by IELM Department and IELM
assigning 3 mentees to 1 mentor, the program now
Students' Society, the IELM Mentorship Program provides
comprises 3 mentors with different expertise and
a significant platform for our students to gain insight into
exposure who form a group and lead 3 mentees during
actual busi ness and industrial practices. Not only can
the w hole program. In this way, mentees will gain a much
they expand their social network outside university, they
broader overview of various logistics industries as w ell as
can al so seek advice from mentors on career planning
acquire more practical career knowledge from different
and personal development. At the same time, mentors
mentors.
can gain insight into the thoughts and views of young engineers who may inspire them with new ideas and offer a different perspective on current industry practices. This is certainly a mutually beneficial program for both
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IELM Newsletter Editor Department of Indust rial Engineering and Logistics Management The Hong Kong University o f Science and Technology Clear Water Bay, Kowloon, Hong Kong
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