• Director, Boeing Center for Technology, Information and Manufacturing

Panos Kouvelis

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• Ph.D. at Stanford University
• Master's Degree at University of Southern California
• M.B.A. at Stanford University
• Bachelor's Degree at National Technical University of Athens

News Stories & Tip Sheets:

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Cruise control Expert advises automakers to take it slow on road to recovery Nov. 13, 2009 -- GM releases its first quarterly results post-bankruptcy on Nov. 16. U.S. auto sales in October equaled an annualized rate of 10 million vehicles. That's a steep drop from the 17 million cars sold each year from 1991-2007. Not even a robust recovery from the recession is expected to boost sales near previous highs. Bailouts, bankruptcies and cash for clunkers have helped keep the industry afloat this year. Yet, the reality of too many factories and workers remains as demand continues to dip. Supply chain expert Panos Kouvelis says auto makers need to keep the brakes on production and proceed with caution. Video available.

Battling the recession and slashing costs on the high seas New study shows how shipping business can stay afloat in sinking economy Feb. 26, 2009 -- Kouvelis Download A new study from the Boeing Center for Technology, Information and Manufacturing (BCTIM) at the Olin Business School, calls on shipping companies to increase their use of full-container loads with specific delivery dates to reduce costs and counter the effects of the recession on global trade. Panos Kouvelis, BCTIM director and distinguished professor of operations and manufacturing management at Washington University in St. Louis - Olin Business School, co-authored the study with Jian Li. In their paper, "Managing the New Uncertainty," they recommend the changes in the shipping supply chain as the "logical next step" for ocean freight services.

Managing the supply chain How the Gap could have avoided entanglement with child labor Nov. 21, 2007 -- If it is a surprise to Gap Inc. that some of its clothing manufactured in India was made by young children, then the company didn't do a thorough job investigating the pros and cons of international outsourcing, according to Panos Kouvelis, the Emerson Distinguished Professor of Operations and Manufacturing Management at the Olin Business School at Washington University in St. Louis.

Advancing competitively requires firms to be self-aware and capable to implement plans, business professors say Business innovation is not dependent on creative people Oct. 9, 2006 -- American companies continue to grapple with staying competitive in the global economy. Increasingly, companies and business gurus are citing innovation as the key to sustaining American business' strength. What's not clear is what it means for a company to be innovative. Washington University business professors say the best way to infuse innovation into a company is not by hiring creative people, but by managing innovation in a systematic way. More...

Professor to speak on whether the USGA system levels the playing field Golf handicapping:Good for the strong, not the weak Sept. 11, 2006 -- Research indicates that the system for computing golfers' handicaps favors strong, steady players. The professor will present his findings on Friday, September 15. 10:30 a.m., at the Charles F. Knight Center on Washington University's campus. The lecture is sponsored by the Boeing Center for Technology, Information and Manufacturing at the Olin School of Business.

Why China is a threat to American companies Low price doesn't always mean low quality, but it could mean a challenge to high-end products June 8, 2006 -- Low quality threatens the high end. What company wouldn't attribute its profits to the quality product it produces? The answer might be: the company that competes on price. According to research from Washington University in St. Louis, producers of lower quality products actually have better prospects for gaining market share and improving their bottom line. The findings indicate the Chinese manufacturers could easily gain an edge over American producers. More...

Olin School of Business at forefront of building models to help businesses coordinate decisions Globalization forces companies to align financial and operational departments, WUSTL professor says July 5, 2005 -- In the global economy, running a business is especially risky when finance and operations are ignorant of the other's business. The risk factors go beyond the usual challenges of matching supply and demand to include unanticipated commodity price shocks, volatile exchange rates, and unexpected supply disruptions as a result of forces beyond our controls, such as physical disasters and terrorist attacks. Rather than let companies discover the perils the hard way, Professor Panos Kouvelis of the Olin School of Business at Washington University in St. Louis is spearheading efforts in academia to create models of how finance and operations can work together to achieve maximum success.

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Areas of Expertise: Marketing - E-Commerce; Operations & Manufacturing Management - Facility Layout; Inventory Control, Production Planning, and Scheduling; Operations Strategy; Quality; Intenational Business; Management Science - Math Programming; Management Strategy

Research interests: International operations, supply chain management, e-business and e-fulfillment strategies, marketing/manufacturing interfaces, manufacturing strategy, lean manufacturing, project management, cyclic scheduling, manufacturing system design and discrete optimization

Selected Publications:

• "Flexible and Risk Sharing Supply Contracts Under Price Uncertainty," Management Science, with C.L.Li, 1999
• "The Effects of Selling Packaged Goods on Inventory Decisions," Management Science, with R. Ernst, 1999
• "Global Operations and Logistics: Text and Cases,"John Wiley & Sons, 1998
• "The Newsvendor Problem in a Global Market: Optimal Centralized and Decentralized Control Policies for a Two Market Stochastic Inventory System," Management Science, with G. J. Gutiemez, 1997
• "Robust Discrete Optimization and Its Applications,"Kluwer Academic Publishers, with G. Yu, 1996

Academic/professional activities:

• Department Editor: IIE Transactions
• Associate Editor: Supply Chain Management in Management Science

Awards/honors:

• Reid MBA Teaching Award, 1998, 2000
• EM3 Program Teaching Award, 1998, 1999
• Ranked as the seventh most productive researcher of POM in US business schools in period 1989-1993