4:00 pm to 6:00 pm
Stevens Institute of Technology, Babbio 122 and online via Blackboard Collaborate
Abstract: Technology has become the center of our daily lives and this digital transformation continues to disrupt business models across industries. Armed with information, customers have higher expectations and freedom to choose alternative products and services. Much of this digital transformation is fueled by Verizon’s Fiber Optic and Wireless broadband services, Global IP networks and Cloud Computing platforms. How do businesses win customers in this new world of digital competition? How do we digitally empower employees to meet and exceed customer expectations? What should the next generation of technologists and engineers prepare for? Roger Gurnani, EVP & CIO at Verizon will share his thoughts on these topics.
Biography: Roger Gurnani is executive vice president and chief information officer, responsible for the information technology strategy, systems development and operations for Verizon Communications. Before being named to his current position in October 2010, Gurnani was senior vice president of new product development for Verizon Wireless and was responsible for the innovation, development and commercialization of consumer and business products. From 2005 to 2008, Gurnani served as the president of the West area for Verizon Wireless, responsible for the company's operations throughout the western United States.
Gurnani was one of the founding officers of Verizon Wireless. Until 2005, he served as vice president and chief information officer, helping to oversee and complete the integration of the domestic wireless operations of Bell Atlantic, Vodafone AirTouch and GTE at the company’s inception in 2000. He had previously served as vice president and chief information officer at Bell Atlantic Mobile.
Gurnani is a graduate of Auburn University and holds bachelor’s and master’s degrees in industrial and systems engineering.
Attendance for this event is open to all Stevens faculty, students, staff and invited guests. Immediately following the lecture, a reception will take place in the Babbio Atrium.
Blackboard Collaborate Information
To access this lecture live on Wednesday, October 29 via Blackboard Collaborate, CLICK HERE.
To only access the teleconference, use the call information below:
Call-in number: 571-392-7703
Participant PIN: 301 959 394 790
"A Case Study Analysis of Inventory Cost and Practices for Operating Room Medical/Surgical Items"
Dr. Ed Pohl
Center for Innovation in Healthcare Logistics
Department of Industrial Engineering - University of Arkansas
ABSTRACT: Health care expenditures in the United States reached $2.6 trillion in 2010, nearly ten times the $256 billion spent in 1980. The rate of growth has decreased slightly recently, but is expected to grow faster than national income levels over the foreseeable future. Hospital care and clinical services account for 51% of the nation’s health expenditure. These facts motivate the need to put more attention on cost efficiency in the health care industry. According to a research study, supply chain costs may account for as much as 40% of the cost of providing care and it is estimated that if demand and inventory are better managed, the cost savings could range from 6% to 13.5% of total healthcare costs.
Through an industry-wide analysis involving the retail and health care sectors, the Center for Innovation in Healthcare Logistics (CIHL) at the University of Arkansas has identified three supply chain practices that can have a significant impact on the healthcare value chain: collaborative planning, forecasting and replenishment (CPFR), education and training for materials management, and improved inventory management practices. A case study for the Mercy Health System indicated that significant cost savings are possible by applying improved inventory management practices to pharmaceutical items.
This project evaluates the potential for cost savings by applying advanced inventory management practices driven by actual usage data in the OR. The focus of the study is on medical/surgical (medsurg) items used in the operating rooms within several Mercy. The medsurg items examined included over 150 items manufactured by Covidien, Inc. The development and adoption of the methodologies used within the case study by the healthcare industry can result in higher fill rates, fewer back orders, higher inventory turns, and decreased overall healthcare inventory costs.
BIO: Dr. Edward A. Pohl is Department Head, Professor and holder of the 21st Professorship in the Department of Industrial Engineering at the University of Arkansas. Prior to his appointment as Department Head, Ed served as the Director of the Operations Management Program, the largest graduate program at the University of Arkansas. Ed currently serves as Director of the Center for Innovation in Healthcare Logistics (CIHL) and the Director of Distance Education in the College of Engineering. He has participated and led several reliability, risk and supply chain related research efforts at the University of Arkansas.
Before joining Arkansas, Ed spent twenty years in the United States Air Force where he served in a variety of engineering, analysis and academic positions during his career. Previous assignments include the Deputy Director of the Operations Research Center at the United States Military Academy, Operations Analyst in the Office of the Secretary of Defense where he performed independent cost schedule, performance and risk assessments on Major DoD acquisition programs, and as a munitions logistics manager at the Air Force Operational Test Center.
Ed received his Ph.D. in Systems and Industrial Engineering from the University of Arizona. He holds a M.S. in Systems Engineering from the Air Force Institute of Technology, and M.S. in Reliability Engineering from the University of Arizona, an M.S. in Engineering Management from the University of Dayton, and a B.S. in Electrical Engineering from Boston University. His primary research interests are in reliability, engineering optimization, supply chain risk analysis, decision making, and quality. Ed is a Fellow of IIE, and a Senior Member of IEEE and ASQ, a member of ASEM, and INCOSE.
5:00 pm to 6:15 pm
The 2014 Nobel Prize in Economics Explained
PROF. HAMED GHODDUSI & PROF. STEFANO BONINI
ASSISTANT PROFESSORS, HOWE SCHOOL
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2013 was awarded to Jean Tirole "for his analysis of market power and regulation. Many industries are dominated by a small number of large firms or a single monopoly. Left unregulated, such markets often produce socially undesirable results – prices higher than those motivated by costs, or unproductive firms that survive by blocking the entry of new and more productive ones. Many industries are dominated by a small number of large firms or a single monopoly. Left unregulated, such markets often produce socially undesirable results – prices higher than those motivated by costs, or unproductive firms that survive by blocking the entry of new and more productive ones. From the mid-1980s and onwards, Jean Tirole has breathed new life into research on such market failures. His analysis of firms with market power provides a unified theory with a strong bearing on central policy questions: how should the government deal with mergers or cartels, and how should it regulate monopolies.”
As an annual tradition of Stevens please join us on Thursday, October 30st, at 5 pm in Babbio 122 for a very special Financial Engineering Seminar to commemorate and explain the work of the 2014 Economics Nobel Laureates. Speakers will include Drs. Bonini and Ghoddusi.
Prof. Ghoddusi is an assistant professor of Finance, Howe School. Prior to joining Stevens he worked as a Postdoctoral Associate of Massachusetts Institute of Technology (MIT). Ghoddusi received his PhD from the Vienna Graduate School of Finance (VGSF) and has been a visiting PhD student of UT Austin and UC Berkeley. He has also been affiliated with Oxford Energy Institute, International Institute for Applied Systems Analysis (IIASA), UNDP, and UNIDO, as a visiting researcher or consultant. His research interests include Macro-Finance/Asset Pricing, Financial Innovation and Contracts, and Energy & Environmental Economics / Policy.
Prof. Bonini’s research focuses on how companies raise and manage capital in financial markets, on the quality of information provided by equity and debt analysts and on the Venture Capital and Private Equity industry. In his research, he has addressed the accuracy of target prices issued by sell-side equity analysts, the efficiency of alternative equity issuing mechanism, the determinants of venture capital investments and the effects of private equity investors on the governance of firms. He has been invited to contribute to the Oxford University Press Venture Capital Handbook, The Elgar Handbook of Research in Entrepreneurship and Governance, and the Springer Book on Entrepreneurship, Finance, Governance and Ethics, and he has received considerable attention in the financial media (WSJ, Fortune, NY Times).
Currently, he is exploring the timing of information revelation in equity and debt ratings, the performance of secondary buyouts and the rational determinants of long serving independent directors. His research has been published on Financial Management, Journal of Business Ethics, Corporate Governance, Journal of Business Finance and Accounting, Small Business Economics and European Financial Management.
He is an assistant professor at the Stevens Institute of Technology, Howe School of Business in New Jersey and a faculty member at Bocconi University in Italy. He has been a visiting faculty at NYU Stern since 2009. Over the past 7 years he has been the recipient of 12 research grants from the European Union and the Italian Government University Research Program.
6:00 pm to 8:00 pm
Felice - La Soffitta, NYC
Financial Services Analytics Graduate Certificate Program
Networking Reception and Information Session
Date: Wednesday, November 5, 2014
Time: 6 - 8:00 p.m.
Venue: Felice - La Soffitta, 15 Gold Street, New York, NY
Join us for an exclusive networking reception with Stevens alumni, faculty, staff and Accenture leadership to learn more about the new Financial Services Analytics (FSA) graduate certificate program being offered in collaboration with Accenture.
Take an in-depth look at analytical competencies, including big data analytics and data visualization, skills that are driving the future of the financial services industry.
At this event, learn about the admissions and application process bringing you one step closer to earning a certificate that will give you an edge in today’s data driven culture and enable you to accelerate your financial services career.
Register for this event by Sunday, November 2.
5:00 pm to 6:15 pm
Hawkes processes in Finance
9:00 am to 5:00 pm
Stevens Institute of Technology
March 17-19, 2015
Hoboken, NJ, United States
The 13th Annual Conference on Systems Engineering Research (CSER 2015) invites authors to submit papers that push the boundaries of systems engineering research and respond to new challenges for systems architecting and engineering. Since its inception, CSER has become the primary conference for disseminating systems engineering research and germinating new research ideas.
Current and prospective doctoral students are also invited to attend the Systems Engineering & Architecting Network for Research (SEANET) workshop on March 17, 2015. Research challenges and strategies for success in graduate research will be discussed.
CALL FOR PAPERS:
We invite original research papers addressing any aspect of systems engineering, to include:
- Theoretical Foundations of Systems Engineering
- Trade Space Exploration
- Innovations in Systems Engineering Education
- Resilience and Flexibility
- Innovations in Modeling and Simulation
- Systems Science
- Trusted Systems
- Complex Logistical Systems
- Digital Thread
Papers are especially solicited for the following applications areas of systems engineering:
- Transportation Systems
- Healthcare Policy and Delivery
- Financial Systems and Systemic Risk
- Urban Systems and Infrastructure Resilience
- Defense and Aerospace Systems
- Sustainable Energy Policy and Systems
- Non-Domain Specific Foundational Topics
Undergraduate Reading Day