The Applied Probability Society of INFORMS offers two prizes each year. One prize is the best student paper prize (started in 2017). One prize alternates between the Best Publication in Applied Probability Award (in odd numbered years) and the Erlang Prize for Early Career Applied Probabilists (in even numbered years).
Best Student Paper Prize
Best Publication in Applied Probability Award
The Erlang Prize for Early Career Applied Probabilists
The list of current and past members of the Prize Committee
can be found here.