The Mathematical Contest in Modeling (MCM) is coming up in a couple of weeks. With the idea that the competition is ultimately about teaching students to become better at mathematical modeling, I was wondering if anyone else on the site who has participated in the MCM or who coaches would be willing to share strategies they have for preparing for the competition. Since I'm bringing up the question, I'll start.
For those who aren't familiar with the MCM, the Wikipedia page also gives a brief overview.
The core of the preparation at my university (where I have coached the MCM teams the past few years) is a zero-credit, pass-fail, weekly seminar each fall semester. Students spend about three weeks each on three or four old MCM problems, and then we look at an outstanding solution and possibly the judges' commentary on each problem. (These are published in one of the UMAP Journal issues from that year.) We also spend a little time on software that may be useful during the competition, such as LaTeX and Mathematica.
I also go through this paper, Quest for the MCM, written by three students from the University of Colorado who received the top designation in the competition three years in a row. It's got a lot of good advice.