Stephen Chick, President of the Society, called the meeting to order at 5:18pm.

Each person at the meeting introduced themselves (name and affiliation).

Stephen Chick thanked the council and committees for their excellent work. Young-Jun Son announced the I-Sim/ACM-SIGSIM best student paper awards winners and presented certificates to all PhD colloquium participants. He thanked Theresa Roeder and Jack Chen for their organization efforts.

Mike Kuhl gave the Vice President’s report and made announcements of the upcoming meetings. Shane Henderson commented on the 1st INFORMS Simulation Society Research Workshop focusing on simulation in decision making in France, and Russell Barton commented on the 2007 WSC meeting in Washington DC. Russell Barton also announced a call for nominations for a special 40th anniversary session that will be held at the WSC'07. In this session, a panel will discuss twelve influential papers from WSC’s four decades. Nominations should be sent to the session chair, Nilay Argon (E-mail: nilay@unc.edu), by February 28^th, 2007.

Stephen Chick gave the Secretary’s report on behalf of Nilay Argon. The society has 570 members as of November 22^nd, 2006, and the society has a diverse mix.

Seong-Hee Kim gave the Treasurer's report. The financial situation is very healthy.

Journal reports were then given by Michael Fu (Management Science), Shane Henderson (Operations Research), Susan Sanchez (INFORMS Journal on Computing), and Jim Wilson (ACM TOMACS). In addition to general statistics on submissions, Jim Wilson announced that ACM TOMACS has been accepted by ISI and will be included starting January 2007. Jim is reappointed as the Editor-in-Chief for ACM TOMACS. Christos Alexopoulos encouraged colleagues to submit papers to the IIE Transactions.

Barry Nelson gave an update on the WSC finances. The WSC Board returned $8,500 to each of the sponsoring societies from the surplus of WSC '05. This may be considered to consist of I-Sim's $4,000 seed money plus a $4,500 return. WSC does not anticipate requesting any seed money in the future. He confirmed that the IEEE Computer Society dropped the sponsorship for WSC. The decision had nothing to do with the quality and the financial situation of the conference.

Theresa Roeder gave an update on the Committee of Underrepresented Minorities and Women (CUMW). The committee is pursuing funds from industry. This year one award was presented and the recipient is Elham Yavari of UC Berkeley.

Stephen Chick gave an update on the simulation glossary project and asked the audience to take a look at the proposal and volunteer to work on the project.

Jim Wilson gave the Communication Committee’s report. He commented that the I-Sim website has good traffic. He encouraged people to work with the committee to improve the society’s website, especially the Simulation Links and Information section, and the Society Information section.

Dave Goldsman commented that no nominations were received for the Distinguished Service Award. Jack Kleijnen gave a report on the Lifetime Professional Achievement Award. He noted that no new nominations were received this year, and committee did not choose to make an award based upon a nomination from a previous year. Hence no award was presented this year.

Peter Haas presented the I-Sim 2006 Outstanding Simulation Publication Award to Justin Boesel, Seong-hee Kim, and Barry Nelson, for "Using Ranking and Selection to 'Clean up' After Simulation Optimization," Operations Research 51(5), 2003.

During the new business session, Jim Wilson announced that Pierre L'Ecuyer was elected an INFORMS fellow.

The meeting adjourned at 6:00pm.