Subject to: Erling D. Andersen
Summary
Erling Anderson, co-founder and CEO of the Danish company Mosak APS, discusses his journey from a farm in Denmark to becoming a leading developer of optimization software. Born in 1966, Anderson's early life included farming and an introduction to programming in 1981-1983 using Sedex 80/81 computers. He pursued a degree in business administration and economics, where he rediscovered linear programming. His master's thesis focused on implementing the primal-dual interior point algorithm. After completing his PhD in 1992, which included significant work on pre-solving and basis identification, he transitioned to conic optimization during a postdoc in the Netherlands. This led to the creation of Mosak optimization software, officially launched on April 24, 1999, which now serves a diverse global customer base, with 60% of its revenue from financial institutions.
Key takeaway
For optimization software developers and researchers, focus on building robust, theoretically grounded solutions like Mosak's conic optimizer. Prioritize continuous performance improvements for existing features, as this significantly benefits your customer base. Consider offering academic licenses to cultivate a broad user community and identify future talent, and ensure your team structure includes redundancies to maintain long-term project sustainability and knowledge transfer.
Key insights
Mosak's success stems from a deep theoretical foundation, robust conic optimization, and a customer-centric pricing and support strategy.
Principles
- Conic optimization offers superior robustness over general convex solvers.
- Direct internet sales enable competitive pricing and broad reach.
- Building software requires deep theoretical knowledge and early specialization.
Method
Mosak's development strategy prioritizes continuous improvement of existing software for speed and stability, rather than solely chasing novel algorithms, while maintaining a strong academic connection.
In practice
- Utilize conic optimization for robust problem-solving in practice.
- Develop specialized teams with redundancy for long-term sustainability.
- Offer academic licenses to foster community and future talent.
Topics
- Mosak Optimization Software
- Conic Optimization
- Interior Point Methods
- Linear Programming
- Operations Research
Best for: AI Scientist, Software Engineer, Research Scientist
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Editorial summary, takeaway, and curation by AIssential. Original article published by Subject to.