Prof. YAN Houmin
嚴厚民教授
Chair Professor of Management Sciences
PhD - Operations Management (University of Toronto)
MSc - Electronic Engineering (Tsinghua University)
BSc - Electronic Engineering (Tsinghua University)

Research Areas

Risk modeling and analysis
Machine learning and algorithms
Stochastic models
Supply chain management

Biography

Professor Houmin Yan is Chair Professor of Management Sciences, and director of MSc in Accounting and Finance with AI and Fintech Applications, City University of Hong Kong and Beijing National Accounting Institute.  He is also the Director, Hong Kong Laboratory of AI-Powered Financial Technologies, Ltd. He was Dean of the College of Business at the City University of Hong Kong from Jan. 2013 to June 2020 (Acting Dean June 2019-June 2020) . Prior to joining CityU he served as Professor at the Chinese University of Hong Kong, and as Associate Director and Science Advisor for the Hong Kong R&D Center for Logistics and Supply Chain Management Enabling Technologies. He has also worked as a tenured Associate Professor at the School of Management, University of Texas at Dallas.

Professor Yan's main research areas are stochastic models, machine learning and algorithms, risk modeling and analysis, and supply chain management. He has published in journals such as Operations Research, Manufacturing and Service Operations Management, IIE Transactions, Production and Operations Management, Journal of Optimization: Theory and Applications, and IEEE Transactions. Professor Yan's work has won widespread recognition. In a commissioned citation study by Journal of Operations Management on the knowledge evolution in Operations  Management over last thirty years, his research work in supply chain coordination has been recognized as part of general knowledge structure for Operations Management of 2000s. In 2004, his paper (co-authored with Gan and Sethi) "Coordination of Supply Chains with Risk-Averse Agents" (POM, Vol. 13, 2004, 135 -149) received the Wickham-Skinner Best paper Award from the 2nd World Conference on Production and Operations Management and the Society of Production and Operations Management (POMs). In 2005, his paper (co-authored with Lee and Tan) "Designing An Assembly Process with Stochastic Material Arrivals" (IIE Transactions, Vol. 35, 2003, 803-815) has been awarded the Best Paper Award for "the focus issues on Operations Engineering for 2003-2004" from the Institute of Industrial Engineers(IIE). In 2012, his paper (co-authored with Buzacott and Zhang) "Risk Analysis of Commitment-Option Contracts with Forecast Updates" (IIE Transactions, Vol. 43, 2011, 415-431) has been awarded the Best Paper Prize in Scheduling and Logistics from the Institute of Industrial Engineers(IIE).

He received his BSc. and MSc. from Tsinghua University, both in electrical engineering, and his Ph.D. from the University of Toronto in business. He is a member of Hongkong Academy of Finance, he is also a member of EQUIS Committee, EFMD,  and a member of CIR Committee, AACSB.

Awards

Award TitleInstitution
The Best Paper Awardthe Institute of Industrial Engineers (IIE)
The Best Paper Award for the focus issues on Operations Engineeringthe Institute of Industrial Engineers (IIE)
The Wickham-Skinner Best Paper AwardThe Production and Operations Management Society and The 2nd World Conference on Production and Operations Management

Publications

Xie, Yangyang; Xie, Lei; Lu, Meng; Yan, Houmin / Performance-Price-Ratio Utility: Market Equilibrium Analysis and Empirical Calibration Studies. May 2021; In: Production and Operations Management. Vol. 30, No. 5, pp. 1442–1456
Bensoussan, Alain; Xie, Yangyang; Yan, Houmin / Joint Inventory-pricing Optimization with General Demands: An Alternative Approach for Concavity Preservation. September 2019; In: Production and Operations Management. Vol. 28, No. 9, pp. 2390-2404
Yan, Houmin; Yano, Candace Arai; Zhang, Hanqin / Inventory Management under Periodic Profit Targets. June 2019; In: Production and Operations Management. Vol. 28, No. 6, pp. 1387–1406
Lu, Meng; Sethi, Suresh; Xie, Yangyang; Yan, Houmin / Profit Allocation, Decision Sequence and Compliance Aspects of Coordinating Contracts: A Retrospect. May 2019; In: Production and Operations Management. Vol. 28, No. 5, pp. 1222-1237
Wang, Haifeng; Liang, Xiaoying; Sethi, Suresh; Yan, Houmin / Inventory commitment and prioritized backlogging clearance with alternative delivery lead times. July 2014; In: Production and Operations Management. Vol. 23, No. 7, pp. 1227-1242
Buzacott, John; Yan, Houmin; Zhang, Hanqin / Risk analysis of commitment-option contracts with forecast updates. June 2011; In: IIE Transactions (Institute of Industrial Engineers). Vol. 43, No. 6, pp. 415-431
Wang, Haifeng; Yan, Houmin / Inventory management for customers with alternative lead times. November 2009; In: Production and Operations Management. Vol. 18, No. 6, pp. 705-720
Sethi, Suresh P.; Yan, Houmin; Zhang, Hanqin; Zhou, Jing / A supply chain with a service requirement for each market signal. May 2007; In: Production and Operations Management. Vol. 16, No. 3, pp. 322-342
Feng, Qi; Sethi, Suresh P.; Yan, Houmin; Zhang, Hanqin / Are base-stock policies optimal in inventory problems with multiple delivery modes?. July 2006; In: Operations Research. Vol. 54, No. 4, pp. 801-807
Gan, Xianghua; Sethi, Suresh P.; Yan, Houmin / Channel coordination with a risk-neutral supplier and a downside-risk-averse retailer. March 2005; In: Production and Operations Management. Vol. 14, No. 1, pp. 80-89
Gan, Xianghua; Sethi, Suresh P.; Yan, Houmin / Coordination of supply chains with risk-averse agents. June 2004; In: Production and Operations Management. Vol. 13, No. 2, pp. 135-149
Lee, Chung-Yee; Tan, Sitong; Yan, Houmin / Designing an assembly process with stochastic material arrivals. September 2003; In: IIE Transactions (Institute of Industrial Engineers). Vol. 35, No. 9, pp. 803-815
Sethi, Suresh P.; Yan, Houmin; Zhang, Hanqin / Inventory models with fixed costs, forecast updates, and two delivery modes. March 2003; In: Operations Research. Vol. 51, No. 2
YAN, Houmin; LIU, Ke; HSU, Arthur / Optimal ordering in a dual-supplier system with demand forecast updates. March 2003; In: Production and Operations Management. Vol. 12, No. 1, pp. 30-45
MILTENBURG, John; CHENG, Chun Hung; YAN, Houmin / Analysis of wafer fabrication facilities using four variations of the open queueing network decomposition model. March 2002; In: IIE Transactions (Institute of Industrial Engineers). Vol. 34, No. 3, pp. 263-272
Sethi, S. P.; Yan, H.; Zhang, H.; Zhang, Qing / Optimal and hierarchical controls in dynamic stochastic manufacturing systems: A survey. March 2002; In: Manufacturing and Service Operations Management. Vol. 4, No. 2, pp. 133-170
Feng, Youyi; Yan, Houmin / Optimal production control in a discrete manufacturing system with unreliable machines and random demands. December 2000; In: IEEE Transactions on Automatic Control. Vol. 45, No. 12, pp. 2280-2296
Yan, Houmin; Lou, Sheldon; Sethi, Suresh P. / Robustness of various production control policies in semiconductor manufacturing. June 2000; In: Production and Operations Management. Vol. 9, No. 2, pp. 171-182
Yan, Houmin; Zhou, Xun Yu; Yin, G. / Approximating an optimal production policy in a continuous flow line: Recurrence and asymptotic properties. July 1999; In: Operations Research. Vol. 47, No. 4, pp. 535-549
Cheng, Feng; Yan, Houmin; Yang, Jun / Production scheduling of continuous flow lines: Multiple products with setup times and costs. December 1998; In: Production and Operations Management. Vol. 7, No. 4, pp. 387-400
Yan, H.; Zhang, Q. / A numerical method in optimal production and setup scheduling of stochastic manufacturing systems. 1997; In: IEEE Transactions on Automatic Control. Vol. 42, No. 10, pp. 1452-1455