The Seventh Conference on Integrated Risk Management in Operations and Global Supply Chains


McGill University, Montreal

July 30 — August 1, 2011


Conference Program


Saturday, July 30, 2011

4:00pm – 7:00pm

Registration at the entrance of the Desautels Faculty of Management


Note: Desautels Faculty of Management is located just steps away from the conference hotel (Hotel OMNI).



Desautels Faculty of Management

Bronfman Building

1001 Sherbrooke Street West

Montreal, QC, H3A 1G5


Conference Hotel Address:

Hotel OMNI Mont-Royal
1050 Sherbrooke Street West

Montreal, Quebec H3A 2R6



6:30pm – 9:00pm

Reception at the Executive Hall in Desautels Faculty of Management


Note: The welcome reception and conference will be held on 6th floor at the Executive Hall in Bronfman Building.



Sunday, July 31, 2011

8:00 AM -8:30 AM

Breakfast at the Executive Hall in Desautels Faculty of Management


8:30 AM -9:00 AM

Opening Remarks

Jan Jorgensen

Associate Provost, Faculty Affairs & Resource Allocation


9 AM -9:45 AM

Risk-Aversion Happens: Hedging Commodity Material Purchases in a Bilateral Monopoly Supply Chain


Panos Kouvelis*




9:45 AM -10:30 AM

Price-Setting Newsvendor Problems with Uncertain Supply, Recourse, and Risk Aversion

Burak Kazaz*, Scott Webster



10:30 AM -10:45 AM

Coffee Break


10:45 AM -11:30 AM

Risk Management in Supply Chains with Business Interruption Insurance

Lei Xie*, Tamer Boyaci, Mehmet Gumus, Saibal Ray, Dan Zhang




11:30 AM -12:15 PM

Organized Chaos: Emerging Market Trends for Supply Chain Resiliency in the Fragile Global Economy


Gary Lynch*




12:15 PM – 1:15 PM



1:15 PM – 2:00 PM

Medical Nuclear Supply Chain Design: A Tractable Network Model and Computational Approach


Anna Nagurney*, Ladimer S. Nagurney


Discussant: Maqbool Dada






2:00 PM – 2:45 PM

Bundled Procurement for (Free) Technology Acquisition and Future Gain


Yunzeng Wang*, Leon Yang Chu


Discussant: Burak Kazaz




2:45 PM – 3:00 PM

Coffee Break


3:00 PM – 3:45 PM

Risk Mitigation of Production Hedging

John Park*, Burak Kazaz, Scott Webster


Discussant: Goker Aydin




3:45 PM – 4:30 PM

Production Planning under Supply and Quality Uncertainty with Two Customer Segments and Downward Substitution

Tim Noparumpa*, Burak Kazaz, Scott Webster


Discussant: Xiao Huang




7:00 PM

Dinner Reception at L’academie‎


Note: The dinner reception will be held at the Restaurant L’Academie, which is located at the following address: ‎

4051 Rue St-Denis

Montreal, QC H2W 2M7, Canada

Monday, August 1, 2011

8 AM -9:00 AM

Breakfast at the Executive Hall in Desautels Faculty of Management


9:00 AM – 9:45 AM

The Value of Process Improvement under Supply Risk in the Presence of Information Asymmetry

Mohammad Nikoofal*, Mehmet Gumus


9:45 AM -10:30 AM

Comparison of Product Rollover Strategies in the Presence of Strategic Customers

Metin Cakanyildirim*, Chao Liang, Suresh Sethi


10:30 AM -10:45 AM

Coffee Break


10:45 AM -11:30 AM

Value of Options and Forward Contracts to a Firm in the Presence of Logistical Costs

Ankur Goel*, Fehmi Tanrisever


Discussant: Genaro Gutierrez




11:30 AM -12:15 PM

Sourcing for Supplier Effort and Competition

Cuihong Li*


Discussant: Navneet Vidyarthi




12:15 PM – 1:00 PM

Selling Through Priceline? Managing Name-Your-Own-Price and Direct Channels Simultaneously in a Competitive Market

Xiao Huang*, Greys Sosic




1:00 PM – 3:00 PM

Lunch, Poster Presentations and Wrap-up


‪Poster Presentation #1:

Battling Childhood Obesity through Advertising Regulation: A Supply Chain Perspective

Wenqing Zhang*, Shanling Li, Dan Zhang


Poster Presentation #2:

Horizontal Mergers and Supply Chain Performance

Jing Zhu*, Tamer Boyaci and Saibal Ray


Poster Presentation #3:

Risk Management in Multi-tier Supply Chains

Mohammadjavad Samieenia*, Tamer Boyaci, Saibal Ray


Poster Presentation #4:

What would you know about the next terrorist attack? Target Information vs. Rationality of the Attacker

Mohammad Nikoofal*, Mehmet Gumus


Poster Presentation #5:

Admission Policies in a Neurological Hospital Ward

Saied Samiedaluie*, Beste Kucukyazici, Vedat Verter and Dan Zhang


Poster Presentation #6:

Public transportation system improvement:

A new rescheduling approach in minimizing passengers’ waiting time in Montreal Metro.

Ehsanallah Naseri,* Elnaz Kanani Kuchesfehani