Department of Management Sciences
AACSB International EQUIS - European Quality Improvement System

Funded Projects

Here is a list of external grants that have recently been awarded to MS faculty in support of their research.

ECS = Early Career Scheme, Hong Kong Research Grants Council
GRF = General Research Fund, Hong Kong Research Grants Council
NSFC = National Natural Science Foundation of China 
TRS = Theme-based Research Scheme, Hong Kong Research Grants Council

Year 2020

Principal Investigator Grant Type Project Title Award Amount (in HK$, unless stated otherwise)
Prof Frank Chen GRF New and Short-life-cycle Product Procurement Decisions: Machine Learning and Risk Control 580,004
Dr Zhi Chen ECS The Hurwicz Criterion for Data-Driven Decision-Making under Uncertainty 599,000
Prof David Li GRF Online Assortment Planning with Ranking-based Choice Models 536,000
Prof Guangwu Liu GRF Machine Learning Methods for Portfolio Risk Measurement 750,656
Dr Venus Lo ECS Multi-Stage Assortment Optimization for an Omnichannel Retailer 460,000
Dr Zhankun Sun GRF Investigation of Patient Prioritization Behaviors in Hospital Emergency Departments 651,380

Year 2019

Principal Investigator Grant Type Project Title Award Amount (in HK$, unless stated otherwise)
Prof Frank Chen GRF On Demand Estimation and Newsvendor Ordering Decisions under Stockout-based Substitution 492,954
Prof Kevin Chiang GRF Managing Product Differentiation and Cannibalization with Con-textual and Temporal Price-Quality Effects 192,808
Prof Alan Wan GRF Statistical Inference After Model Averaging 420,000
Prof Alan Wan NSFC 模型平均方法在计量经济学和统计学中的新研究 RMB 500,000

Year 2018

Principal Investigator Grant Type Project Title Award Amount (in HK$, unless stated otherwise)
Dr Gavin Feng ECS A Deep-Learning Approach in Asset-Pricing Anomalies 373,349
Prof David Li GRF Robust Dual Sourcing with Two Spot Market Supplies 449,100
Prof Guangwu Liu GRF Measuring the performance of simulation metamodel 446,231
Dr Stephen Shum GRF Dynamic Sourcing Management with Quality Uncertainty and Consumer Learning 530,985
Dr Yimin Yu GRF Robust Salesforce Compensation with Inventory Considerations 385,200

Year 2017

Principal Investigator Grant Type Project Title Award Amount (in HK$, unless stated otherwise)
Prof Guangwu Liu GRF A Likelihood Ratio Method for Nested Simulation 449,599
Prof Ye Lu GRF Operational Impact of Stockout Service Level in Dynamic Inventory System 385,778
Dr Zhankun Sun ECS Prediction and Optimal Control of Triage Nurse Ordering: A Data-Driven Approach to Improve Patient Flow in Hospital Emergency Departments 483,340
Dr Geoffrey Tso GRF Operations-driven Analytics for Multifunctional Call Centres’ Outbound Services: Automated Workforce Performance Evaluation 408,183
Prof Houmin Yan GRF Pricing Game for Customers with Performance-Price Ratio Utility: Theoretic Analysis and Empirical Calibration 457,962

Year 2016

Principal Investigator Grant Type Project Title Award Amount (in HK$, unless stated otherwise)
Dr William Chung GRF Approximate Dantzig-Wolfe decomposition for solving a class of variational inequality problems 640,371
Prof Guangwu Liu GRF Joint Chance Constrained Programming: A Gradient Perspective 558,790
Prof Ye Lu GRF Robust Price-setting Newsvendor Problem 458,994
Dr Biying Shou GRF Social Network Effects in Retail Supply Chain Management 520,000
Dr Stephen Shum GRF Inventory Management with Scarcity Effect and Lost-Sales 655,525

Year 2015

Principal Investigator Grant Type Project Title Award Amount (in HK$, unless stated otherwise)
Prof David Li GRF Blood Platelet Inventory Control for a Blood Center with Limited Supply 525,000
Prof Ye Lu GRF K-approximate Convexity and Its Applications 466,000
Dr Yimin Yu GRF Managing Capacitated Multi-Echelon Supply Chains 351,600

Year 2014

Principal Investigator Grant Type Project Title Award Amount (in HK$, unless stated otherwise)
Prof Frank Chen TRS Delivering 21st Century Healthcare in Hong Kong - Building a Quality-and-Efficiency Driven System 20,450,000
Prof Frank Chen GRF On a Random Yield Problem with Non-zero Lead Times 880,800
Prof Frank Chen NSFC 面向經濟、社會和環境協調發展的物流系統基礎理論  
Prof Kevin Chiang GRF Strategic Intertemporal Pricing with Heterogeneous Risk Attitudes for Efficient Product Evaluation, Learning and Adoption 451,277
Prof Guangwu Liu GRF An Optimal Stopping Approach to Portfolio Risk Measurement 451,959
Dr Stephen Shum GRF Just-in-Time, Cost Uncertainty and Strategic Customers 331,702
Prof Alan Wan GRF Quantile Regression Analysis with Missing and Length-biased Data 219,575
Prof Houmin Yan NSFC 基於顧客選擇行為的團購商業運作模式與庫存優化研究  
Dr Yimin Yu GRF Managing Perishable Food Processing Supply Chains 378,789