Suresh P. Sethi

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Suresh P. Sethi
Suresh-sethi-1.JPG
Citizenship United States
Alma mater Carnegie Mellon University
Washington State University
IIT Bombay
Known for Sethi model, Sethi-Skiba point, K-convexity in Rn
Awards Society for Industrial and Applied Mathematics Fellow (2009), IIT Bombay Distinguished Alum (2008)
Scientific career
Fields Operations management, optimal control, Manufacturing, Operations Research, Finance, Economics, Marketing,Industrial Engineering, Optimal Control
Institutions University of Texas at Dallas, University of Toronto, Rice University, Weyerhaeuser Company, Omark Industries, Hindustan Motors, Bhilai Steel Plant
Patrons Eugene McDermott
Thesis Applications of Optimal Control Theory in Management Science and Economics
Doctoral advisor Gerald L. Thompson, Timothy McGuire, Charles Newman,
Other academic advisors George Dantzig
Notable students Subodha Kumar, Steef van de Velde
Website http://www.utdallas.edu/~sethi

Suresh P. Sethi is an Indian-American mathematician who is the Eugene McDermott Chair of Operations Management and Director of the Center for Intelligent Supply Networks at the University of Texas at Dallas.

Contents

He has worked as departmental editor of Production and Operations Management , [1] corresponding editor of SIAM Journal on Control and Optimization , and associate editor of Operations Research, Manufacturing & Service Operations Management , and Automatica .

Education

Sethi received his PhD in operations research from Carnegie Mellon University and was a post-doctoral fellow at Stanford University under the supervision of George B. Dantzig. He obtained a B.Tech. with honors in Mechanical Engineering from the Indian Institute of Technology Bombay, a M.S. in Industrial Administration from Carnegie Mellon University, and a Master of Business Administration from Washington State University. [2]

Published books

Research works

Sethi's publications have been cited 31850 times in total, with 86 h-index and 334 i10-index. [3] He has contributed in the fields of manufacturing [4] and operations management, [5] [6] finance [7] and economics, [8] [9] marketing, [10] industrial engineering, [11] [12] operations research, [13] and optimal control. [14] He is known for his developments of the Sethi advertising model and Sethi-Skiba point, and for his textbook on optimal control. [15]

Notable works

Sethi is known for his accomplishments in unifying many theories and concepts in Sethi model, Sethi-Skiba point, K-convexity in Rn Decision and Forecast Horizons, [16] and Supply Chain Coordination with Risk Averse Agents. [17]

Sethi model

The Sethi model describes the process of how sales evolve over time in response to advertising. The model assumes that the rate of change in sales depend on three effects: response to advertising that acts positively on the unsold portion of the market, the loss due to forgetting or possibly due to competitive factors that act negatively on the sold portion of the market, and a random effect that can go either way.[ citation needed ] The following are related journal publications over the years that established and generalized Sethi model.

  1. Naik, P. A.; Prasad, A.; Sethi, S. P. (2008). "[[doi:10.1287/mnsc.1070.0755|Building Brand Awareness in Dynamic *Naik, Prasad A.; Prasad, Ashutosh; Sethi, Suresh P. (January 2008). "Building Brand Awareness in Dynamic Oligopoly Markets" . Management Science. 54 (1): 129–138. doi:10.1287/mnsc.1070.0755. ISSN   0025-1909.

Sethi-Skiba point

Sethi-Skiba points arise in optimal control problems that exhibit multiple optimal solutions. A Sethi-Skiba point is an indifference point in an optimal control problem such that starting from such a point, the problem has more than one different optimal solutions.[ citation needed ]

Honors and awards

Sethi has been elected to Production and Operations Management Society (POMS) Fellow in 2005, [18] one of eight individuals up to that time to be honored with that distinction in the field of Operations Management.

He is the recipient of the 2015 Tepper Alumni Achievement Award [19]

Two conferences have been organized in his honor, at Aix-en-Provence in 2005 [20] and at University of Texas at Dallas in 2006. [21] Also, two books have been edited in his honor. [22] [23]

YearHonor/Award
1984-85Connaught Senior Research Fellow, University of Toronto [24]
1996Award of Merit, Canadian Operational Research Society (CORS) [25]
2000Senior Research Fellow, IC2 Institute [26]
2003 IEEE Fellow, [27] INFORMS Fellow, AAAS Fellow [28]
2004 Wickham-Skinner Best Paper Award in Production and Operations Management [29]
2005 Production and Operations Management Society Fellow [30]
2008 IIT Bombay Distinguished Alum [2]
2009 SIAM Fellow, Society for Industrial and Applied Mathematics [31]
2012President, Production and Operations Management Society (POMS) [32]
2015Alumni Achievement Award (Tepper School of Business, Carnegie Mellon University) [33] [19]
2020Sushil K Gupta Production and Operations Management Distinguished Service Award [34]
2024Best Paper Award Named After Suresh Sethi (Production and Operations Management Society) [35]
2021Asia-Pacific Artificial Intelligence Association Fellow [36]
2023 Journal of Operations Management Ambassador Award [37]

References

  1. ↑ "Editorial Board: Production and Operations Management".
  2. 1 2 "Dr. Suresh Pal Sethi". Indian Institute of Technology Bombay. Retrieved 2024-08-01.
  3. ↑ "Suresh Sethi". scholar.google.com. Retrieved 2024-08-21.
  4. ↑ Sethi, Suresh P.; Zhang, Qing (1994). Hierarchical Decision Making in Stochastic Manufacturing Systems. doi:10.1007/978-1-4612-0285-1. ISBN   978-1-4612-6694-5.
  5. ↑ Haruvy, Ernan; Sethi, Suresh P.; Zhou, Jing (2008). "Open Source Development with a Commercial Complementary Product or Service" . Production and Operations Management. 17 (1): 29–43. doi:10.3401/poms.1070.0004. ISSN   1059-1478.
  6. ↑ Markovian Demand Inventory Models. International Series in Operations Research & Management Science. Vol. 108. 2010. doi:10.1007/978-0-387-71604-6. ISBN   978-0-387-56563-7.
  7. ↑ Sethi, Suresh P. (1997). Optimal Consumption and Investment with Bankruptcy. doi:10.1007/978-1-4615-6257-3. ISBN   978-1-4613-7871-6.
  8. ↑ Arrow, Kenneth J.; Bensoussan, Alain; Feng, Qi; Sethi, Suresh P. (2007). "Optimal savings and the value of population". Proceedings of the National Academy of Sciences. 104 (47): 18421–18426. Bibcode:2007PNAS..10418421A. doi: 10.1073/pnas.0708030104 . PMC   2141792 . PMID   17984059.
  9. ↑ Boucekkine, Raouf; Hritonenko, Natali; Yatsenko, Yuri, eds. (2013). Optimal Control of Age-structured Populations in Economy, Demography, and the Environment. doi:10.4324/9780203844557. ISBN   9781136920936.
  10. ↑ Sethi, Suresh P. (1983). "Deterministic and stochastic optimization of a dynamic advertising model". Optimal Control Applications and Methods. 4 (2): 179–184. doi:10.1002/oca.4660040207. S2CID   123673289.
  11. ↑ Throughput Optimization in Robotic Cells. International Series in Operations Research & Management Science. Vol. 101. 2007. doi:10.1007/0-387-70988-6. ISBN   978-0-387-70987-1. S2CID   60059332.
  12. ↑ Sethi, Suresh P.; Bogataj, Marija; Ros-Mcdonnell, Lorenzo, eds. (2012). Industrial Engineering: Innovative Networks. doi:10.1007/978-1-4471-2321-7. ISBN   978-1-4471-2320-0.
  13. ↑ Bes, C.; Sethi, S. P. (1988). "Concepts of Forecast and Decision Horizons: Applications to Dynamic Stochastic Optimization Problems". Mathematics of Operations Research. 13 (2): 295–310. doi:10.1287/moor.13.2.295. S2CID   5840100.
  14. ↑ "Suresh P. Sethi". Production and Operations Management. 20 (6): xi–xii. 2011. doi:10.1111/j.1937-5956.2011.01187.x.
  15. ↑ Sethi, S.P. and Thompson, G.L., Optimal Control Theory: Applications to Management Science and Economics, Second Edition, Springer, 2000. ISBN   0-387-28092-8 and ISBN   0-7923-8608-6.
  16. ↑ Rempala, Ryszarda; Sethi, Suresh (July 1992). "Decision and forecast horizons for one-dimensional optimal control problems: Existence results and applications" . Optimal Control Applications and Methods. 13 (3): 179–192. doi:10.1002/oca.4660130302. ISSN   0143-2087.
  17. ↑ Gan, Xianghua; Sethi, Suresh P.; Yan, Houmin (June 2004). "Coordination of Supply Chains with Risk-Averse Agents" . Production and Operations Management. 13 (2): 135–149. doi:10.1111/j.1937-5956.2004.tb00150.x. ISSN   1059-1478.
  18. ↑ "UTD's Dr. Suresh Sethi Is Elected POMS Fellow". News Center. Retrieved 2024-09-04.
  19. 1 2 TepperCMU (2016-04-12). Suresh Sethi, Ph.D '72 | Recipient of the 2015 Tepper Alumni Achievement Award . Retrieved 2024-07-31– via YouTube.
  20. ↑ Optimal Control and Dynamic Games: Workshop in Honor of Suresh Sethi, Aix en Provence, France, June 2–6, 2005.
  21. ↑ 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.
  22. ↑ M1 Stochastic Processes, Optimization, and Control Theory: Applications in Financial Engineering, Queueing Networks, and Manufacturing Systems: A Volume in Honor of Suresh Sethi; Series: International Series in Operations Research & Management Science, Vol. 94, H. Yan, G. Yin, and Q. Zhang (Eds.), Springer, 2006. (360 pages – ISBN   978-0-387-33770-8)
  23. ↑ 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)
  24. ↑ "MINIMIZING MAKESPAN IN FLOWSHOPS" (PDF).
  25. ↑ "Award of Merit | Canadian Operational Research Society". www.cors.ca. Retrieved 2024-07-31.
  26. ↑ "IC2 Institute 2018 Fellows Directory" (PDF). Retrieved 31 July 2024.
  27. ↑ "IEEE Elects UTD Professor Sethi as Fellow". News Center. Retrieved 2024-07-31.
  28. ↑ "UTD's Suresh Sethi Elected Fellow of American Association for the Advancement of Science". News Center. Retrieved 2024-07-31.
  29. ↑ "Wickham Skinner Award Recipient - 2004 - Best Paper Award 4 | Production and Operations Management Society". www.poms.org. Retrieved 2024-07-31.
  30. ↑ "POMS Fellows Award Recipients Suresh Sethi 2005 | Production and Operations Management Society". www.poms.org. Retrieved 2024-07-31.
  31. ↑ "Fellows Directory | SIAM". Society for Industrial and Applied Mathematics. Retrieved 2024-07-31.
  32. ↑ "PRODUCTION AND OPERATIONS MANAGEMENT SOCIETY 2012 Officers and Board Members" (PDF). Retrieved 31 July 2024.
  33. ↑ University, Carnegie Mellon. "Alumni Awards - Tepper School of Business - Carnegie Mellon University". www.cmu.edu. Retrieved 2024-07-31.
  34. ↑ "Sushil K Gupta Award Recipient Suresh P Sethi 2020 | Production and Operations Management Society". www.poms.org. Retrieved 2024-07-31.
  35. ↑ "Invited Speaker: Suresh P. Sethi – SOR '25" . Retrieved 2024-07-31.
  36. ↑ "Asia-Pacific Artificial Intelligence Association". www.aaia-ai.org. Retrieved 2024-07-31.
  37. ↑ Journal of Operations Management Award Winners. Wiley. Retrieved 31 July 2024.
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