Professor Laureano F. Escudero received the PhD. Degree in Economics from the Universidad de Deusto, Bilbao, Spain, in 1974 and a degree in Computer Science from Universidad Politecnica de Madrid, Spain, 1972. He has been Professor of Statistics and Operations Research at the Universidad Rey Juan Carlos, Spain, 2007-2013. In the period 2003-04 he was the President of EURO (Association of European Operational Research Societies). He has worked at IBM Research, Scientific and Development Centers in Madrid (Spain), Palo Alto (California), Sindelfingen (Germany) and Yorktown Heights (NY), 1972-1991. He taught Mathematical Programming at the Mathematical Sciences School, Universidad Complutense de Madrid, Spain, 1992-2000 and Stochastic Programming at the Universidad Miguel Hernandez, Spain, 2000-2007. He is the author of 5 books, has co-edited 5 others, and has published over 135 scientific papers in leading journals and over 30 chapters in edited books. He has worked in different mathematical programming fields (linear, integer, nonlinear, stochastic) and its risk management applications to finance, energy, supply chain management and air traffic, among other sectors.