Gregory P. Prastacos is the Dean at the Howe School of Technology Management of Stevens Institute of Technology, where he also serves as Professor of Management Science. Before joining Stevens he was Professor of Management Science and Rector of the Athens University of Economics and Business, Athens, Greece. He has been educated at Columbia University, where he received a B.Sc. in Computer Science, an M.Sc. in Computer Science, and a Ph.D. in Operations Research (OR). He was previously on the faculties of the University of Pennsylvania’s Wharton School, and Columbia University’s Business School, and has held visiting appointments at a number of Universities and Research Institutes in France, Spain, Switzerland, Austria, India, China, and elsewhere.
Professor Prastacos' professional interests are in the areas of Management Science, Information Technology, and their use for Innovation and Business Transformation in the Information Society. He has published 10 books and approximately 70 papers in international academic journals and edited volumes. His papers have appeared in some of the top journals in his field, such as Management Science, Operations Research, Journal of Management, Journal of the OR Society, Computers and OR, Annals of OR, Journal of Knowledge Management, Information & Management, European Management Journal, Long Range Planning, International Journal of Production Economics, Applied Economics, Omega, Public Administration, Personnel Review, and others. One of his recent books on “Managerial Decision Making” has been translated in Chinese and published by Tsinghua University Press (2011).
For his work on the logistics of perishable inventory he has been awarded the Edelman Award by TIMS/INFORMS. For his work on financial management modeling, he has been awarded the 1st prize of the Hellenic OR Society. His work on blood inventory management has been cited in the centennial issue of Science as exemplary OR work internationally. His work on competency modeling has been used worldwide as a basis for successful HR practice. His work on absorptive capacity has been selected among the best papers of the Academy of Management. In 2008, INFORMS honored him with an Honorary Medal for significant achievements in Operations Research. He has received several teaching excellence and exceptional contribution awards (2002, 2003, 2005, 2008, 2010).
Professor Prastacos possesses significant academic leadership experience. As Dean at Stevens (since 2012) he has initiated a number of initiatives, that relate to the development of a strategic plan of the Business School, the growth, rebranding and accreditation of the School, the launching of new majors and programs, the revamping of existing programs, the development of international collaborations, the development of research focus and excellence, etc.
As Rector of AUEB (2007-11) he spearheaded the internationalization of the University, increased the number of graduate programs offered, updated the organization of the University, increased the research activity through internal funding, established the alumni association of the University, established the Business Confucius Institute of Athens (fully funded by the government of China, Hanban), launched the International Entrepreneurship Chair (fully funded by the government of India, ICCR), established a number of joint programs with European Universities through the EU program Hermes, increased significantly the fundraising, and more.
Prior to becoming Rector at AUEB, he was the Founding Director (1999-2007) of AUEB’s International MBA Program (www.imba.aueb.gr), widely considered as the No. 1 MBA program in Greece. During his term, the program was accredited by AMBA (2005), gained international visibility, appeared in international rankings (2006), and grew to attract students from more than 25 countries. In 2010 the school was awarded “The Most Innovative Business School in Southern Europe, 2010”. Professor Prastacos was also the Founding Director of AUEB’s Management Science Laboratory (www.msl.aueb.gr), a leading ISO-certified management research center in Europe, the Founding Chairman of the Business Confucius Institute of Athens, a joint initiative between Greece and China.
Professor Prastacos also has significant consulting experience. As an independent consultant, as well as an ex-Senior Partner and Chairman of Deloitte’s Management Consulting Practice in Greece (1997-2002), he has helped numerous organizations to develop strategies and systems and improve performance through organizational restructuring, IT systems and strategy, personnel development, balanced scorecard strategies, etc. The organizations he has worked with include major companies in banking, insurance, airline, airport management, postal services, health, mining, Internet service providers, and municipalities. Some of his most recent engagements include the evaluation of the economic impact of the Athens International Airport, the privatization of a large lignite ore, the development of an assets-and-liabilities management system for a commercial bank, the development of optimal pension systems for a bank, the development of balanced scorecard strategies for a major bank, and others.
Professor Prastacos is on the editorial board of several academic journals. He has previously served as an evaluator to the European Commission, and has been on the Board of Directors (BoD) of the Hellenic Management Association, the BoD of the Hellenic OR Society, the Scientific Council of the Greek National Economic Research Institute, as well as the BoD’s of a number of companies. He is an elected Fellow of the Washington Academy of Sciences, and a member of the Board of his home school, Athens College. He is a frequent speaker to conferences, and an advisor to government organizations and private industry.