Suresh Sethi

Eugene McDermott Chair
Endowed Professorship - Management
Director of Center for Intelligent Supply Networks,
sethi@utdallas.edu
972-883-6245
SOM3401
Home Page
Tags: Supply Chain Operations Management

Professional Preparation

Ph.D. - Industrial Administration
Carnegie Mellon University - 1972
Ph.D. - Major: Operations Research Minor: Industrial Administration
Carnegie Mellon University - 1972
M.S.I.A.
Carnegie Mellon University - 1971
M.S. - Busness Adminstration
Washington State University - 1969
M.B.A. - Production Management
Washington State University - 1969
B. Tech. - Major: Mechanical Engineering Minor: Industrial Engineering
Indian Institute of Technology - 1967

Research Areas

Research Interests
  • Supply Chain Management
  • Partially Observed Inventory Models
  • Hierarchical Decisions in Dynamic Stochastic Manufacturing Systems
  • Dynamic and Stochastic Competitive Advertising Models
  • Optimal Pricing, Development and Maintenance of Software
  • Decision, Forecast, and Rolling Horizons in Dynamic Optimization Problems
  • Scheduling and Sequencing in Robotic Cells
  • Mathematical Finance
  • Genuine Savings and Value of Population
Teaching Interests

Supply Chain Management
Optimal Control Theory and Applications
Management Science/Operations Research

Graduate Courses Taught (1997-present)
MAS8V25 Research Seminar on Optimal Control Applications
OPRE6363 Inventory Control
OPRE7320 Optimal Control Theory
OPRE7351 Seminar in Operations Management

Current and Future Research Interests
  • Supply Chain Management
  • Partially Observed Inventory Models
  •  Hierarchical Decisions in Dynamic Stochastic Manufacturing Systems
  •  Dynamic and Stochastic Advertising Models
  • Optimal Pricing, Development and Maintenance of Software
  • Decision, Forecast, and Rolling Horizons in Dynamic Optimization Problems
  • Scheduling and Sequencing of Robotic Cells
  • Mathematical Finance
  • Genuine Savings and Value of Population
Short Bio

Suresh P. Sethi is Eugene McDermott Professor of Operations Management and Director of the Center for Intelligent Supply Networks at The University of Texas at Dallas. He has written 7 books and published nearly 400 research papers in the fields of manufacturing and operations management, finance and economics, marketing, and optimization theory. He teaches a course on optimal control theory/applications and organizes a seminar series on operations management topics. He initiated and developed the doctoral programs in operations management at both University of Texas at Dallas and University of Toronto. He serves on the editorial boards of several journals including Production and Operations Management and SIAM Journal on Control and Optimization. He was named a Fellow of The Royal Society of Canada in 1994. Two conferences were organized and two books edited in his honor in 2005-6. Other honors include: IEEE Fellow (2001), INFORMS Fellow (2003), AAAS Fellow (2003), POMS Fellow (2005), IITB Distinguished Alum (2008), SIAM Fellow (2009), POMS President (2012).

Publications

Sethi, S.P. and Thompson, G.L., Optimal Control Theory: Applications to Management Science and Economics, Third Edition, Springer. forthcoming - Publication
Sethi, S.P. and Thompson, G.L., Solution Manual for Optimal Control Theory: Applications to Management Science and Economics, Third Edition, Springer. forthcoming - Publication
Bensoussan, A., Chen, S. and Sethi, S.P., Linear-Quadratic Differential Games with Mixed Leadership: The Open-Loop Solution, in Numerical Algebra, Control and Optimization, Special Edition to honor Professor George Leitmann, K.L. Teo and B.S. Goh (Eds.), forthcoming. forthcoming - Publication
Bensoussan, A., Chen, S., and Sethi, S.P., Feedback Stackelberg Solutions of Infinite-Horizon Stochastic Differential Games, A volume dedicated to Professor Charles Tapiero, Fouad El Ouardighi and Konstantin Kogan (Eds.), forthcoming. forthcoming - Publication
Prasad, A. and Sethi, S.P., Dynamic Advertising, Springer. forthcoming - Publication
Bensoussan, A. akanyildirim, M., and Sethi, S.P., Inventory Control with Partial Observations, SIAM. forthcoming - Publication
Chand, S. and Sethi, S.P., Multi-period Lot-sizing with Stationary Demand: Extension to Forecast Horizons, Handbook of EOQ Inventory Problems: Stochastic and Deterministic Models and Applications, Jason Choi (Ed.), Springer, New York, 2013, forthcoming. 2013 - Publication
Bardhan, A.K., Dawande, M., Gavirneni, S., Mu, Y., and Sethi, S.P., Forecast and Rolling Horizons under Demand Substitution and Production Changeovers: Analysis and Insights, IIE Transactions, 2012, forthcoming. 2012 - Publication
Chutani, A. and Sethi, S.P., "Cooperative Advertising in a Dynamic Retail Market Oligopoly," Dynamic Games and Applications, 2012, forthcoming. 2012 - Publication
Prasad, A., Sethi, S.P., and Naik, P., Understanding the Impact of Churn in Dynamic Oligopoly Markets, Automatica, 48, 2012, 2882-2887. 2012 - Publication

Appointments

Eugene McDermott Professor of Operations Management
The University of Texas at Dallas [2011–Present]
Charles & Nancy Davidson Distinguished Professor
[2006–2011]
University of Texas at Dallas
Visiting Professor
GREQAM [2005–2005]
Visiting Professor
Bilkent University [2003–2003]
Visiting Professor
Helsinki School of Economics and Business Administration [2002–2002]
Visiting Professor
University of Toronto [2001–2001]
Visiting Professor
University of Siena [2000–2000]
Visiting Professor
University of Vienna [1999–1999]
Visiting Professor
Curtin University [1998–1998]
Ashbel Smith Professor of Operations Management
[1997–2006]
University of Texas at Dallas

Additional Information

Honors and Awards

2012

President, Production and Operations Management Society (POMS), a leading international society in the area with over 2000 members. INFORMS Financial Services Section Best Student Research Paper Award (Second Place), at the 2012 INFORMS Annual Meeting in Phoenix, AZ (October 14-17)

2011    

President Elect, Production and Operations Management Society (POMS)

2009      

Fellow, Society for Industrial and Applied Mathematics (SIAM) Citation: For contributions in optimal control applied to the management sciences and economics. Best Paper Award at the 13th IFAC Symposium on Information Control Problems in Manufacturing, Moscow, Russia (June 3-5)

2008      

Outstanding Student Paper Award – Nominating Professor, Portland International Center for Management of Engineering and Technology 2008 Conference(PICMET), Cape Town, South Africa (July 27-31) Citation:  PICMET is pleased to award this certificate to Professor Suresh Sethi in recognition of outstanding student mentoring for the paper “Cooperative Advertising and Pricing in a Dynamic Stochastic Supply Chain: Feedback Stackelberg Strategies” by Xiuli He. Distinguished Alumnus Award, Indian Institute of Technology Bombay Citation:  Presented to Dr. Suresh Pal Sethi in recognition of his extraordinary accomplishments in Optimal Control Theory and its Applications in Operations Research and Management Science. (March 10)

2006

International Conference on Management Sciences: Optimization Models and Applications in Honor of Professor Suresh Sethi, University of Texas at Dallas, Richardson, TX, May 20-22, 2006.

2005  

POMS Fellow Optimal Control and Dynamic Games: Workshop in Honor of Suresh Sethi, Aix en Provence, France, June 2-6, 2005, resulting in publication of Optimal Control and Dynamic Games, Applications in Finance, Management Science and Economics, Series: Advances in Computational Management Science, Vol. 7, C. Deissenberg and R.F. Hartl (Eds.), Springer, Netherlands, 2005. (344 pages - ISBN: 978-0-387-25804-1)

2004

Wickham-Skinner Best Paper Award at The 2nd World Conference on POM, 15th Annual Production and Operations Management Conference, Cancun, Mexico, April 30 - May 3, 2004.

2003 

INFORMS Fellow Institute for Operations Research and the Management Sciences (INFORMS) Citation AAAS Fellow American Association for the Advancement of Science (AAAS) Citation

2001

 IEEE Fellow Institute of Electrical and Electronics Engineers (IEEE) Citation Outstanding Contribution in Education Award, Greater Dallas Indo- American Chamber of Commerce Senior Member, Operational Research Society of India (ORSI) First listed in Marquis Who's Who in the World. First listed in Marquis Who's Who in the America. 2000 Senior Research Fellow of the IC2 Institute. 1999 Fellow of the New York Academy of Sciences. New York Academy Citation 1997 First listed in Canadian Who's Who, U. of T. Press. 1997 Guest Professor, Patel Institute of Management and Information Technology, Bishanpura, Sector-58, Noida-201301, India. 1996 Award of Merit of Canadian Operational Research Society (CORS)  CORS Citation Honorary Professor, Zhejiang Univ. of Technology, Hangzhou, China 1995  Senior Member, The Inst. of Electrical and Electronics Eng. (IEEE)  Distinguished Visiting Professor, Department of Systems Engineering, Chinese Univ. of Hong Kong (May - June) 1994 Fellow of The Academies of Arts, Humanities and Sciences of Canada (FRSC) - (also known as the Royal Society of Canada) Royal Society Citation  Municipal Chair Professor, University of Lyon 1 (April - June) 1992 Best Paper Award at POM-92 (second prize), The 3rd Annual Meeting of Production and Operations Management Society held in Orlando, FL (Oct. 18-21) POM Citation "Presented to S. Sethi, M. Taksar, and Q. Zhang for their paper 'Capacity and Production Decisions in Stochastic Manufacturing Systems; An Asymptotic Optimal Hierarchical Approach,' which develops a new paradigm for linking the strategic capacity decision and operational decisions." 1991 Erskine Fellow (Feb. - March) University of Canterbury, Christchurch, NZ 1990 Full Member, Operations Research Society of America (ORSA)   1988-92 General Motors Research Professor, University of Toronto

1984-85 Connaught Senior Research Fellow, University of Toronto

1971 Phi Kappa Phi (National Honor Society in all fields)

1969 Beta Gamma Sigma (National Honor Society in Business Administration)

 1969-72 GSIA and Mellon Fellowships

1967-69 Teaching A ssistantships

1961-67 Merit Scholarships

Nominations
  • 2001 Nominated for the SIAM's Ralph E. Kleinman Prize.
  • 1999 Nominated to be an MSOM Fellow.
  • 1998 Nominated to be a Foreign Fellow in the Indian National Science Academy.
  • 1996
  • Nominated to be a Foreign Member in the National Academy of Engineering (USA) .
  • Nominated for the Sir John William Dawson Medal of the Royal Society of Canada (awarded for important and sustained contribution by one individual in at least two different domains in the general area of interest of the Royal Society of Canada or in a broad domain that transcends the usual disciplinary boundaries); decision pending.
  • The 1994 Sethi-Zhang book nominated for the 1996 INFORMS Award for the Best Research Publication in Applied Probability.
  • 1995 Nominated for a University Professorship at University of Toronto.
COMMUNITY SERVICE

Judge, Plano Independent School District Science Fair, 1998-00

News Articles

Jindal School Study Explores Impacts of Strategic Customer Behavior
A new study from the Naveen Jindal School of Management at UT Dallas examines how companies that push product innovation can persuade consumers to purchase the latest gear.

Dr. Metin Cakanyildirim, professor of operations management, and Dr. Suresh Sethi, Eugene McDermott Chair of Operations Management, are co-authors of the study, which was published online in Production and Operations Management.

“When people know that a new version of a product is coming, they either wait to buy the new one, or when the new one comes, they buy the old one at a discounted price,” Sethi said. “Some people just want to have the newest products. Others wait until the new product becomes bug-free or less expensive.”

Funding

Theory and Applications to Operations Management
- (Leave Fellowship) [2018–2018]
Statistical Updating Methods In Risk and Decision Analysis: Applications to Supply Chains (with A. Bensoussan and Metin Cakanyildirim)
$79,000 - ARP [2006–2008]
Inventory Control with Partial Observations and Inspections (with A. Bensoussan and Metin Cakanyildirim)
$200,000 - NSF [2005–2008]
Research in Operations Mgmt.
$175,000 - Ashbel Smith/UTD [1997]
Renewal
$245,000 - NSERC [1997]