Grant J. Renier, RedRover's Inventor
NeuroFission and its technologies as the end result of 27 years of research and development by Grant J. Renier. Born in Maine, Mr. Renier earned his BSME in rockets and turbines from Purdue University, as well as his MBA in business, economics and behavioral science from the University of Michigan. He has lived, worked, and lectured across the country as well as abroad and is recorded as having been one of the youngest persons ever to have become CFO of a NYSE-Listed company.
Mr. Renier currently resides in North Carolina where he continues to pursue his personal goals of technological advancement. Due to my strong belief in and advocacy for the utilization of technology to advance human decision-making, my career-long goal has been to use mathematics/computers to simulate the human intuitive process in both individual and group decision-making, with respect to complex problems and systems such as the investment markets. I believe that since the realities of complex systems and problems are a dynamic summation of many human intuitions, my developing an intuitive technology, i.e., a computer technology that accurately can simulate the human intuitive process, successfully will produce superior decision-making results. This particular type of system, (RedRover), through its use of fast and frugal processing, not only successfully will lead the herd in making correct decisions, but also ultimately will accelerate the evolution of complex problems and systems. My personal goal is to have my technology contribute to an understanding of what will be a fruitful interacting with a disparate variety of complex environments, such as the investment markets, which in turn will advance human focus exponentially on the future emerging edges of those very same complex environments.
Career Summary
- Founded five corporations in AI software, hardware, satellite communications, e-commerce, PC applications and automobile components.
- 27-year research and development of NeuroFission, the computer simulation of human decision making for the monitoring and projection of complex systems, replacing conventional, regression analysis methodologies. NeuroFission application areas are: investment markets, pollution, weather, gaming, machinery, economics & statistics, and biotech & robotics.
- Managed team reorganizing South American petroleum operation reducing 3,000 positions.
- CFO/Controller and Director of Corporate Development for a NYSE-listed manufacturer
- Director forty-five computer scientists developing worldwide petroleum products distribution model
- Consultant installing production planning/control system, $100 million firm.
- Raised $20 million from Fortune 100 firms, five VC firms, angels.
- Designed/managed $30 million currency exchange hedging program.
- Featured in Wall Street Journal, Forbes, USA Today, Popular Science, Product Design and Development, Futures Magazine, Delta Airlines Sky Magazine, Wall Street Computer Review, etc.
- Awards: Product Design and Development Magazine International First Place Product of the Year, American Society of Plastics Engineers International First Place Product of the Year, etc.
- Lectured in U.S./seven countries on science of investment management, computer science, analysis of complex systems.
- First commercially available computer system for analysis of non-linear dynamical complex systems.
- First cable television data distribution network for U.S., Southeast Asia, Australia markets, with WTBS.
- Developed only self-contained automotive tire air inflation system.
- Evacuated employees from South American country, during military coup (1969), as reported by the New York Times and Miami Herald.
- Issued patents in U.S. and fifteen foreign countries.
Donald Iglehart, Consulting Partner
Donald Iglehart, eminently well - known in his field of mathematics, is a consulting partner for NeuroFission. He currently is researching and developing future applications for Intuitive Rationality with Grant Renier. "I taught and carried out research in the field of Operations Research at Cornell and Stanford Universities. My research areas include applied probability, inventory theory, queueing theory, simulation methodology, and stochastic processes. Currently I'm exploring with Grant Renier applications of Intuitive Rationality to a variety of economic time series."
Education
1956 B. Engineering Physics, Cornell University
1959 M.S. [Mathematical Statistics], Stanford University
1961 Ph.D. [Mathematical Statistics], Stanford University
1962 Postdoctoral year at Oxford University
Professional Experience
1999-present Professor Emeritus, Stanford University
1996-1999 Professor, Department of Engineering-Economic Systems and Operations Research, Stanford University
1967-1996 Professor, Department of Operations Research, Stanford University
1985-1990 Chairman, Department of Operations Research, Stanford University
1978-1979 Acting Chairman, Department of Operations Research, Stanford University
1964-1967 Associate Professor of Industrial Engineering and Operations Research, Cornell University
1965-1966 Research Staff, Research & Engineering Support Division, Institute for Defense Analyses (on leave from Cornell University)
1962-1964 Assistant Professor of Industrial Engineering and Operations Research, Cornell University
1961-1962 Postdoctoral Fellow, Oxford University
1958-1960 [Summers] Consultant, The RAND Corporation
1956-1958 Ensign and Lieutenant (j.g.), Office of Naval Intelligence, U.S. Navy, Washington, DC
1956-1958 Associate Physicist [part-time], The Johns Hopkins University, Applied Physics Laboratory
Areas of Specialization
Applied probability, queuing theory, simulation methodology, stochastic processes
Honors
- Winner, 2002 John von Neumann Theory Prize, Institute for Operations Research and the Management Sciences
- Fellow, Institute for Operations Research and the Management Sciences
- Member, National Academy of Engineering
- Overseas Fellow, Churchill College, Cambridge
- Fellow, Institute of Mathematical Statistics
- Cornell National Scholarship
- National Academy of Sciences, National Research Council Postdoctoral Research Fellowship [tenure at Oxford University with Professor David G. Kendall]
- Winner of the first Office of Naval Research - The Institute of Management Sciences competition [1962] on the topic ?Multistage Inventory Models and Techniques,? judges Professors R. Howard, J. Kiefer, H. Scarf, and T. Whitin
- Awarded one of the two honorable mentions given for the 1964 Lanchester Prize by the Operations Research Society of America
Regression analysis and forecasting is used to make projections by identifying value drivers and forecasting time series data.
Nonlinear dynamical systems can exhibit a completely unpredictable behavior, which might seem to be random. Examples include the mathematical models that describe the swinging of a clock pendulum, the flow of water in a pipe, and the number of fish each spring in a lake.