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Because its time to go from good to great.

AS OF DECEMBER 2014

SUBJECT TO CHANGE

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Simon Business School Course Catalog 2014-2015

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CAMPUS AND AREA MAPS

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COURSE CATALOGAcademic Year 20142015

Table of Contents

Campus and Area Maps ........................................................................................................................................ 2

Administration ....................................................................................................................................................... 4

Full-Time Faculty ................................................................................................................................................... 5

Adjunct Faculty .....................................................................................................................................................16

MBA Requirements and Core-Course Sequences ...............................................................................................21

Part-Time MBA Programs (PMBA and Flex) ........................................................................................................ 23

ConcentrationsMBA .........................................................................................................................................25

Master of Science Programs ...............................................................................................................................30

Joint- and Specialized-Degree Programs ...........................................................................................................40

Courses .................................................................................................................................................................41

International Exchange Programs .......................................................................................................................66

Admissions and Financial Aid .............................................................................................................................. 67

Student Services .................................................................................................................................................65

University of Rochester Equal Opportunity Statement

and Contact Information ................................................................................................................................... 69

Information in this publication is current as of December 2014 and is subject to change.

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THE ADMINISTRATION

ANDREW AINSLIEDean and Professor of Marketing

As dean of Simon Business School, AndrewAinslie will lead efforts to differentiate andstrengthen the Schools curriculum, attract andretain faculty of the highest caliber, improvethe student experience, and develop strong

relationships with alumni and the businesscommunity.

Before joining Simon, he served as senior asso-ciate dean for the full-time MBA program at theUCLA Anderson School of Management from2010 to 2014. While at UCLA, Ainslies respon-sibilities included admissions, student services,and career placement. In the four years Ainsliewas at Anderson, the school increased itsadmissions more than 60 percent, increasedplacements more than 20 percent, and revisedits curriculum to better meet the demands ofthe market and the needs of the students.

In addition to his duties as Andersons seniorassociate dean, Ainslie was associate professorof marketing at UCLA Anderson, and previouslywas assistant professor of marketing from2000 to 2005. Prior to his time at Anderson,Ainslie was assistant professor of marketing atCornell Universitys Johnson Graduate Schoolof Management From 1997 through 2000.

Dean Ainslies major research interests are ineconomic and statistical models of consumerbehavior and in direct marketing. In particular,he is focused on developing variance compo-nents models for a variety of environments.Topics he has investigated include: new prod-

ucts and movie diffusion, model performance,and consumer behavior uncovered throughchoice modeling. Most recently, he is studyingthe effect of store characteristics on consumerpurchasing behavior.

Ainslie received a BSc in electrical engineeringfrom the University of Cape Town and an MBAin marketing from Cape Town. He received aPhD in marketing and statistics from ChicagoBooth.

RONALD W. HANSEN

Senior Associate Dean for ProgramDevelopment; William H. MecklingProfessor of Business Administration;Director of the Bradley Policy ResearchCenter

Dean Hansen oversees the Executive andPart-time programs, the Schools Marketingand Communications area, and leads Simonsinvolvement in the undergraduate business

program and the Technical Entrepreneurshipand Management (TEAM) MS program. He isresponsible for Simons international programdevelopment and serves as area coordinatorfor the concentrations of Business Environmentand Public Policy and International Manage-ment.

He became director of the Systems AnalysisProgram in 1972, and from 1977 to 1986 hewas the associate director of the Center forResearch in Government Policy and Business,now the Bradley Policy Research Center. Hebriefly left the Simon School to become the firstrecipient of the Merrell Dow Professorship ofPharmaceutical Administration in the College ofPharmacy at The Ohio State University (198688). Prior to his current Simon School appoint-ment, he served as senior associate dean forfaculty and research for 21 years.

Hansen is widely recognized for his scholarlyresearch in drug-development policy and in

the regulation of the pharmaceutical industry.He helped to establish and collaborates onresearch with the Tufts Center for the Studyof Drug Development. Hansen was on theeditorial board of theJournal of Research inPharmaceutical Economics. He was a memberof the National Advisory Council on Health CareTechnology Assessment (198588) and theCommittee on the Childrens Vaccine Initiative,Institute of Medicine, National Academy ofSciences (199293).

Hansen earned a BA degree in mathematicsfrom Northwestern University, and an MA

degree in economics and a PhD in economicsfrom the University of Chicago.

RON GOETTLERSenior Associate Dean for Facultyand Research; James N. Doyle Sr.Professor of Entrepreneurship;Professor of Economics, Marketing, andEntrepreneurship

Professor Goettlers research spans quanti-tative marketing, industrial organization, andfinance, with an emphasis on structural econo-metric methods to understand consumer and

firm behavior. He is particularly interested inhigh-tech industries, focusing on the relation-ship between competition and innovation andon the marketing of new products.

Goettlers research has been published in var-ious academic journals including the Journalof Political Economy, the RAND Journal ofEconomics, and theJournal of MarketingResearch. His paper, Equilibrium in a Dynamic

Limit Order Market, which appeared in theJournal of Finance, was nominated for the jour-nals Smith-Breeden Prize and won the NYSEaward for the best paper on equity trading atthe 2004 Western Finance Association Meeting

Before joining the Simon School in 2012,Goettler was an assistant professor of market-

ing at the University of Chicago.Goettler received his BA in economics fromMiami University, and his PhD also in econom-ics from Yale University.

DAVID TILSONAssociate Dean of the Full-Time MBAProgram; Clinical Associate Professor ofComputers and Information Systems

Professor Tilsons research explores technicalstandards and mobile computing as well asdigital platforms and infrastructure. In anotherresearch stream he strives to improve oper-ational efficiency in Health Care settings. Histeaching interests include strategic and busi-ness systems consulting, information systems,and business statistics. He has led and men-tored dozens of student teams consulting withlocal businesses of all sizes. He teaches in theSimon Executive MBA program and has taughtcustomized executive courses on teamworkand project management. His industry experi-ence includes three years in strategy consult-ing, mostly with McKinsey & Company, alongwith a decade in R&D and project managementin the telecom, high-tech and media industries.He has consulted for clients in financial ser-vices, insurance, telecom, software and energyHis track record of accomplishments includesa Royal Television Society (British equivalentto an Emmy) for broadcast technology. Havinglived and worked on three continents gives himan understanding of business and collaborationin an international context.

BEng, Electrical and Electronic Engineering,Queens University of Belfast (UK)

MSc, Telecommunications Engineering,University of London (UK)

MBA, Information Systems andEntrepreneurship, University of Texas at Austin

PhD, Information Systems, Case WesternReserve University

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THE FACULTY

GUY ARIEAssistant Professor of BusinessAdministration

Professor Aries research interests include thestudy of employee incentives, strategic compe-tition between firms, and the design of employ-ee roles in firms.

His current research focuses on the internaldesign of firms and employee incentives whenthe employees task becomes harder witheffort.

He is investigating how these ideas can helpsoftware producers improve the productivityand profitability of software testing. Anotherapplication of this research is the design andcompensation of sales forces.

Aries research on strategic competitionbetween firms focuses on firms that operatein many markets. His research explains howlarger firms airlines can appear to be colluding

while actually competing. The research alsoshows why international firms may seem moreproductive than local firms, while the conversemay be true.

Other research by Arie studies the effect ofswitching costs on markets and shows that,contrary to the accepted wisdom, marketsin which consumers suffer a small cost whenswitching between brands may be less profit-able to firms than markets without such costs.

Prior to pursuing his PhD, Arie worked as anR&D engineer and manager in large defenseand communication firms.

BSc, Computer Science and Philosophy, Tel AvivUniversity, Israel

MSc, Management Science, Tel Aviv University,Israel

PhD, Managerial Economics and Strategy,Kellogg School of Management, NorthwesternUniversity, Evanston, IL

JAMES A. BRICKLEYGleason Professor of BusinessAdministration; Area Coordinator,Economics & Management Group

Professor Brickley has research and teachinginterests in the economics of organizations,corporate governance and compensationpolicy, corporate finance, franchising andbanking. His papers have been published intheJournal of Business, theJournal of Law andEconomics, The Journal of Finance, theJournalof Accounting and Economics, theJournal ofFinancial Economics, theJournal of EconomicPerspectives, theJournal of EconomicBehavior and Organization, theJournal of Riskand Insurance, theJournal of Financial andQuantitative Analysis, Financial Management

and the Journal of Corporate Finance. Thefifth edition of Managerial Economics andOrganizational Architecture(authored byBrickley, Clifford W. Smith Jr. and Jerold L.Zimmerman) was published by McGrawHill/Irwin in 2009. The sixth edition is scheduled for2015. Brickley, Smith, Zimmerman and JaniceWillett authored a trade version of this text enti-tled Designing Organizations to Create Value,published by McGraw-Hill in 2003. Brickley hasserved as an associate editor of finance andaccounting journals. Several studies report thatBrickley is among the most cited researchersin the areas of Corporate Governance andFinance. In 2002, three of his published papersreceived theJournal of Financial EconomicsAllStar Paper Award (based on number of citationsthrough 2001).

From 1989 to 1991, he was chairman of thefinance department and research directorat the University of Utahs Garn Institute of

Finance. Prior to his position at the Universityof Utah, Brickley was an associate professor ofeconomics at the Simon School. He has servedas chairman of the Simon Faculty CurriculumCommittee and as Area Coordinator forStrategy and Organizations.

Brickley is a past winner of the Simon SchoolsDistinguished Teaching Award. He has alsobeen listed multiple times on the SchoolsTeaching Honor Roll.

In addition to his academic achievements,Brickley has been a consultant to major corpo-rations and law firms on organizational, fran-

chising, valuations and antitrust issues. He hasalso held various positions in government in thestate of Oregon, including executive director ofthe Jackson-Josephine County CETA Program,public transportation planner for the RogueValley Council of Governments and economicanalyst for an economic development district.

BS, Economics, University of Oregon

MS, Economics, University of Oregon

PhD, Finance, University of Oregon

DELORES CONWAYProfessor of Real Estate Economics andStatisticsProfessor Conway focuses on the SimonSchools planning activities and represents theschool in external engagement which includesenhancing corporate relations both domesti-cally and internationally. Her research interestsinclude statistics, real estate, health care man-agement, finance, law and labor markets andher papers have appeared in many academicjournals.

Prior to joining the Simon School, Conway was

a tenured faculty member at the University ofSouthern California (USC) Marshall School ofBusiness and the director of the Casden RealEstate Forecast at the USC Lusk Center for ReaEstate. While teaching statistics in the MBACore, she received USCs highest teachinghonor, the University Associates Award forTeaching Excellence, which is awarded eachyear to only two of the universitys faculty.Before her USC appointment, she served onthe faculty of the Booth School of Business atthe University of Chicago. She is an elected fel-low of the American Statistical Association anda former chair of the Business and EconomicsStatistics Section. She has also served on theeditorial boards of major academic journalsincluding theJournal of the American StatisticaAssociation.

In addition to her research in statistics andfinancial modeling, she is widely respected forher research reports on the commercial and

residential real estate markets in SouthernCalifornia. She is frequently interviewed bythe national news media for her viewpointson the real estate markets and within the lastcouple of years was quoted by The Wall StreetJournal, the New York Times, Bloomberg,BusinessWeek, Forbes, the Chicago Tribune,the Los Angeles Times,the Washington Post,Investors Business Dailyand the San FranciscoChronicle, and has appeared on CNN, the CBSEvening News, the Today Show, MarketWatchand CNBC. Recently, Real Estate Southern CAMagazinelisted her as one of the 50 Womenof Influence in Real Estate in California.

Conway earned two undergraduate degrees inmathematics, statistics and computer sciencefrom the University of WisconsinMadison andMasters and PhD degrees in statistics fromStanford University.

GEORGE R. COOKFaculty Director of MS in BusinessAdministration with a Concentrationin Marketing; Executive Professor ofBusiness Administration

Professor Cooks teaching interests are in theareas of marketing, management, sales man-

agement, marketing communications, servicesmarketing, industry/vertical marketing, industrial/organizational psychology and TeleBusiness.

He has taught at Boston University, NazarethCollege, St. John Fisher College, RobertsWesleyan College, SUNY Geneseo, KeukaCollege and Rochester Institute of Technology(RIT), where he has served as the evening chair-person for the Marketing Program. He was adistinguished professor at RIT. He instructs bothat the undergraduate and graduate level.

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Cook was employed by the Ford Division of theFord Motor Company for 10 years in variousmarketing and management assignments bothin the operations side of the business and in theHeadquarters Marketing Staff.

He recently retired from the Xerox Corporationafter 30 years of service in numerous sales, mar-keting and customer service assignments includ-ing: district manager, division manager, industry

marketing, general manager, customer servicesmarketing, division manager of national accountservice and marketing manager, TeleBusiness.

He has served as a president of the Rochester,NY, chapter of the American MarketingAssociation and serves on the new businessbooks review board of theJournal of ConsumerMarketing. Cook has recently completed a mar-keting case study on JOLT, Americas OriginalEnergy Drink! that should be published soon.He has served as a member of the BusinessAdvisory Council for the John Wiley School ofBusiness at SUNY Geneseo. He was a memberof the RIT Presidents Speakers Bureau andspeaks on the subjects of quality, customer sat-isfaction, customer services marketing, affinitymarketing and telebusiness.

He recently coauthored an article in the ChiefMarketing Officer Journal, Volume 2, withPaulo Albuquerque, assistant professor of mar-keting at the Simon School, entitled The (un)Importance of Marketing and the CMO in theAmerican Auto Industry.

Cook was formerly a board member of theLandmark Society of Western New York Inc.and currently is a board member of RandyHenderson Ford/Lincoln in Webster, NY.

He was also a member of the Sounding Boardof Contributors of the Democrat and Chronicle(Rochester, NY)and has been asked to serveas the Simon School faculty advisor for AlphaKappa Psi, the new business fraternity at theUniversity of Rochester.

BS, Business Administration, Indiana University

MBA, Marketing The Ohio State University

RICHARD G. COUCHExecutive Professor, and AssociateDirector and Career Advisor for the Full-Time MS Finance ProgramMr. Couch has over 30 years of corporate,executive and turnaround management expe-rience, covering over 500 assignments in abroad variety of businesses, in a total of 14countries.

Since 1984, Mr. Couch has been the Founder,Chairman of the Board, CEO, and ManagingPrincipal of the Diablo Management Group(DMG), a nationwide management consultingcompany based in the San Francisco (East Bay)

area that provides services primarily to com-panies, investment firms, banks, and creditorswhich are involved in mergers, acquisitions,turnarounds, workouts, reorganizations, andsales (of equity and assets). Through DMG, hehas served in various interim executive and/oradvisory capacities in companies experiencingmanagerial, financial, or operational difficulties.

In addition, Mr. Couch has handled numerous

assignments as a Chapter 11 bankruptcy trusteeand as a Trustee (Assignee) in Assignments-for-the-Benefit-of-Creditors (ABCs).

Prior to founding DMG, Mr. Couch foundedand managed RGC Associates, which operat-ed troubled companies, usually in an InterimPresident/CEO capacity. Mr. Couch was also aSenior Vice-President and Principal with INCOVenture Capital Management where heassisted in the selection, growth and transitionof early-stage companies.

Following a 9-year career at Xerox in manage-rial and vice president roles in both the copier

manufacturing and printing systems groups, hisearly executive experience included generalmanagement roles in two mid-sized compa-nies, which he ultimately sold to internationalbuyers..

In addition to his crisis management experi-ence, Mr. Couch has been a board member ofseveral startup companies. He is also the pastExecutive Director of the Tri-Valley TechnologyEnterprise Center (TTEC] an early-stageIncubator and Technology Transfer organizationworking with Lawrence Livermore Labs andNorthern California Private Equity groups. Heperiodically accepts counselor/advisor/men-

tor roles with CEOs who are managing rapidchange in their own companies.

Mr. Couch received the Simon SchoolDistinguished Alumni Award at the Universityof Rochester, and has served on the SimonExecutive Advisory Board and was the firstChairman of the Simon Alumni Advisory Board.

He is a frequent panelist/presenter at industryconferences and has taught numerous execu-tive lecture series programs in graduate busi-ness schools.

Mr. Couch is a Navy Veteran, and lives with hiswife, Deborah, and two children, Aliyah andZachary, in Fairport, New York.

BS, Social Sciences, University of Buffalo

MS, Education, University of Rochester

MBA, University of Rochester

RAJIV M. DEWANXerox Professor of Operations andManagement

Professor Dewan is responsible for facultyaffairs, faculty research, and faculty recruitingand development.

He has teaching and research interests inelectronic commerce, organizational issues inmanagement of information systems, the infor-mation technology industry, and financial infor-mation systems. He has won three Best PaperAwards for research, done in collaborationwith his colleagues at the Simon School, in theuse of information systems standards in orga-nizations, redesign of business processes andmanagement of Web sites. His current researchinterests include marketing on the Internet, theInternet industry, strategic use of technology,the use of standards in managing informationsystems, and accounting and financial infor-mation systems. His papers have appearedin the Journal of Computing, Management

Science, Decision Support Systems and IEEETransactions on Computers, among other jour-nals.

Prior to joining the Simon School, Dewan wasa faculty member at Northwestern UniversitysKellogg Graduate School of Management. Heis a member of INFORMS, the Association forInformation Systems, and Beta Gamma Sigma.

Dewan earned a BTech degree from the IndianInstitute of Technology, New Delhi; an MSdegree with concentrations in Computers andInformation Systems and Operations Researchfrom the University of Rochester; and a PhD inBusiness Administration from the University ofRochester.

GREGORY DOBSONXerox Associate Professor of OperationsManagement

Professor Dobsons current work concentrateson the application of process improvementprinciples to health care and other industries.The methodology employed is known asSix Sigma, which refers to a set of tools fordoing fact-based decision making in processimprovement. He teaches an elective courseon Six Sigma and Lean as well as the coreOperations course. He remains interested inthe interface of operations and marketing.Examples include work on the managementof product variety, product line design, andthe interface of production and distribution.His past work was in job shop schedulingand batch manufacturing. His articles haveappeared in Management Science, MarketingScience, Operations Research, Manufacturingand Service Operations Management,andTransportation Science. He is associate editorfor Interfaces and a member of the editorial

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board of the International Journal of Servicesand Operations Management and OperationsManagement Education Review. He is a mem-ber of INFORMS, ASQ, and Beta Gamma Sigma.

BS, Operations Research and IndustrialEngineering, Cornell University

PhD, Operations Research, Stanford University

PAUL ELLICKSONProfessor of Economics and ofMarketing

Professor Ellicksons research interests lie atthe intersection between quantitative market-ing and industrial organization, with a focus onusing structural modeling to understand theforces that drive strategic interaction and opti-mal decision making. He is particularly interest-ed in modeling the importance of dynamic andspatial competition in retail trade.

Ellicksons research has been published invarious academic journals including the RAND

Journal of Economics, Marketing Science,Marketing Lettersand the International Journalof Industrial Organization.

Before joining the Simon School in 2009,Ellickson was an assistant professor of eco-nomics at Duke University.

AB, Economics and Mathematics, University ofCalifornia at Berkeley

PhD, Economics, Massachusetts Institute ofTechnology

MARSHALL FREIMER

Professor of Management Science andof Computers and Information Systems(retired)

Professor Freimer has teaching and researchinterests in applied probability and optimiza-tion. He currently utilizes some of this workin the analysis of problems in informationsystems and marketing. His work appears inmanagement, engineering, economics, statis-tics and mathematics journals. He is co-author,with Leonard S. Simon, of the bookAnalyticalMarketing. He has held a Ford FoundationFaculty Fellowship and has won the SimonSchool Superior Teaching Award.

AB (summa cum laude), Mathematics, HarvardUniversity

PhD, Mathematics, Harvard University

HARRY GROENEVELTAssociate Professor of OperationsManagement

Professor Groenevelt has interests in health careoperations, logistics and supply chain manage-ment (including reverse logistics); service system

management and design; and quality manage-ment. He has been a consultant on operationsmanagement issues for numerous manufacturingand service companies (including hospitals andother health care providers), as well as the cityof Amsterdam, the Netherlands. He has had arti-cles published in Management Science, OperationsResearch, theJournal of Applied Probability,theEuropean Journal of Operations Researchand

other journals. He wrote the chapter on The Just-in-Time System for Volume 4 of the Handbooksin Operations Research and Management Scienceon logistics of production and inventory.

BS, Econometrics, Vrije Universiteit,Amsterdam, The Netherlands

MS, Econometrics, Vrije Universiteit

PhD, Operations Research, Columbia University

AVERY HAVIVAssistant Professor of Marketing

Professor Havivs research interest is primarily

in the development and application of dynamic,structural models to identify, diagnose andsolve marketing challenges.

Haviv has explored optimal consumer pack-aged goods pricing policies in the face ofchanging seasonal demand and developed adynamic consumer inventory model to explaincounter-cyclic pricing phenomena, wherein theprice of some packaged goods are observedto drop during their peak selling season. Inanother joint work on brand building, he mod-eled the impact of firms advertising invest-ments on their brand equity, and demonstratedthat changes in brand value depend not only

on a firms advertising, but also on the adver-tising strategy of the firms competitors. Inanother methodological research initiative,Haviv has worked on the development ofdynamic models that relax the assumption,rejected by research in consumer behavior andeconomics, that consumers think of the futurein a purely rational way.

Haviv has taught at the Rotman School ofManagement and the Statistics Department atthe University of Toronto, where he receiveda Teaching Assistant Award for Excellence. Hehas also worked as a consultant in the market

research industry where he developed newmethodologies and advanced statistical modelson projects in the telecommunications, fastfood, banking and public sectors.

BMath, Statistics, University of Waterloo

MSc, Statistics, University of Toronto

PhD, Quantitative Marketing, University ofToronto (Rotman School of Management)

DAN HORSKYBenjamin L. Forman Professor ofMarketing and Area Coordinator,Marketing

Professor Horsky has primary research inter-ests in the analysis of consumer and firmbehavior as they relate to marketing activities.He has applied stochastic models to describeconsumers brand-switching behavior. He has

conducted studies of sales response to adver-tising and salesforce efforts, examined optimaladvertising and salesforce policies and studiedthe estimation of multiattribute models and theoptimal positioning of new brands. Horskysresearch on the effects of price, income andinformation on the diffusion of new durableproducts has been funded by the NationalScience Foundation.

Horskys publications have appeared inManagement Science, Marketing Science, theJournal of Marketing Researchand theJournalof Business. In 1991, Horsky and his co-author,

Moshe Givon, received the John D. C. LittleAward for Untangling the Effects of PurchaseReinforcement and Advertising Carryover,which was selected as the best market-ing-related paper published in 1990 in eitherMarketing Science or Management Science.Horsky received the John D. C. Little Awardagain in 1993 joint ly with his co-author, PaulNelson, for New Brand Positioning and Pricingin an Oligopolistic Market. Horsky is a memberof the editorial board ofMarketing Science.

Horsky has taught in MBA and ExecutiveMBA programs in the US, the Netherlands,Switzerland, Australia and Israel. Based on

his achievements in research and teaching,Horsky has been named a University Mentorand received the Executive Development(MBA) Program Class of 1987 Superior TeachingAward. He has consulted on marketing-relatedtopics, in particular on consumer multiattributebrand choice and on life cycles of new consumer durables, with firms worldwide.

BS, Industrial Engineering, Technion, IsraelInstitute of Technology

MS, Operations Research, Technion, IsraelInstitute of Technology

PhD, Industrial Administration, Purdue

University

GLENN D. HUELSClinical Associate Professor ofAccounting

Professor Huels has served as vice presidenttax at Bausch + Lomb and as the head of thecorporate tax department at Goulds Pumps Inc.In both roles, he had overall responsibility forthe leadership, management, administration,and direction of all aspects of the corporate

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tax function. This included responsibility forglobal tax planning strategies and workingclosely and collaboratively with operationsand the corporate accounting, M&A, legal andtreasury functions to determine and implementoptimum legal, debt, and equity structures, andto maximize after-tax cash flows to the parentcorporations through dividend planning andother repatriation strategies.

He has also served as Bausch + Lombs directorof external tax reporting, responsible for thecompanys income tax accounting and financialreporting requirements, and as a director inBausch + Lombs corporate treasury depart-ment, continuing to work closely with opera-tions and other corporate functions regardingglobal cash flow strategies, debt compliance,accounting for derivatives and other externalreporting requirements, and the minimization offoreign exchange exposures and risks.

Huels is a Certified Public Accountant licensedin New York State, and was a manager at thepublic accounting firm of Deloitte prior to hiscorporate experience. Before joining SimonBusiness School as a full-time associate profes-sor, his teaching experience included instruct-ing various courses for Deloitte junior staff atfirm-wide national training sessions, lecturingin SUNY at Buffalos Graduate Tax CertificateProgram, and teaching accounting and taxcourses at Finger Lakes Community Collegeand the former St. John Fisher College Mastersin Taxation program.

BS, Business Administration, State University ofNew York at Buffalo

MBA, Rochester Institute of Technology

OLGA ITENBERGAssistant Professor of Finance

Olga Itenberg has earned her doctorate inEconomics from the University of Pennsylvaniain 2014. In her dissertation titled Essays in FirmFinancing and Innovation Activity, Olga quan-tifies the effect of floatation cost and dividendtax drops on manufacturing firms observedincreased use of external equity and the real-location of R&D and patenting efforts fromlarge to small firms since the 1970s. Duringher graduate studies, Olga received an EdwinMansfield Prize for excellence in teaching andspent a summer at the Federal Reserve Bankof New York as a CSWEP Fellow. Olga earneda BS in Business Administration with a major inEconomic Theory from Leonard N. Stern Schoolof Business, New York University.

BS, Business Administration with a major inEconomic Theory, NYU (Stern)

PhD, macroeconomics, University ofPennsylvania (Wharton)

THOMAS H. JACKSONDistinguished University Professor andPresident Emeritus

Thomas H. Jackson, president of the Universityof Rochester from 1994 to 2005, holds facultypositions in the William E. Simon GraduateSchool of Business Administration and in theUniversitys Department of Political Science.

Before he became Rochesters ninth president,Jackson was vice president and provost ofthe University of Virginia, which he first joinedin 1988 as dean of Virginias School of Law.He had been professor of law at Harvardfrom 1986 to 1988 and served on the StanfordUniversity faculty from 1977 to 1986.

A 1972 graduate of Williams College, Jacksonearned his law degree from Yale in 1975. Hefirst clerked for U.S. District Court Judge MarvinE. Frankel in New York in 197576, and then forSupreme Court Justice (and, later, Chief Justice)William H. Rehnquist in 197677.

Jackson is the author of bankruptcy and com-mercial law texts used in law schools acrossthe country, and served as Special Master forthe U.S. Supreme Court in a dispute involvingevery state in the country over the dispositionof unclaimed dividends held by brokeragehouses.

BA, American Studies, Williams College

JD, Yale University

GREGG A. JARRELLProfessor of Finance and Economics

Professor Jarrell has been a professor offinance and economics at the Simon Schoolsince 1988, where he also was assistant profes-sor from 1977 to 1981. Jarrell served as directorof the Simon Schools Managerial EconomicsResearch Center from 1988 to 1990, and asdirector of the Bradley Policy Research Centerfrom 1990 to 1994. Also, he was the A.T.&T.Foundation Resident Management Fellow atthe Simon School from January to June 1987. Inaddition, Jarrell was a Research Fellow underProfessor George J. Stigler at the University ofChicagos Center for Study of the Economy andthe State from 1981 to 1983, as well as a senior

economist with Lexecon Inc., a Chicago eco-nomics consulting firm specializing in Antitrustand Securities litigation from 1983 to 1984.

Jarrell served as the chief economist of theUS Securities and Exchange Commission (SEC)from April 1984 to January 1987. Before that, hewas a member of the SEC Advisory Committeeon Tender Offer Policy from February throughJuly 1983. He has consulted with the FederalTrade Commission and has served as anadjunct professor at Georgetown UniversitySchool of Law.

Jarrell has published dozens of articles on eco-nomic and finance topics in scholarly academicjournals, as well as the popular media, and isan expert on mergers and acquisitions, hos-tile takeovers, the economics and regulationof financial markets, financial valuation andmicroeconomic theory and application. Jarrellfrequently serves as an expert witness onfinancial-economic issues in business litigation,

including financial valuation of publicly tradedsecurities, securities fraud, contract damagesand criminal inside-trading cases.

BS, Business Administration, University ofDelaware

MBA, Economics and Finance, University ofChicago

PhD, Business Economics, University of Chicago

SUDARSHAN JAYARAMANAssociate Professor of Accounting

Professor Jayaraman has research interests

in corporate governance and the effects ofaccounting information in financial markets. Hiswork on corporate governance has examinedhow large shareholders discipline managersvia the threat of exit, and the role that stockmarket liquidity plays in the design of executivecompensation contracts. He is currently inter-ested in the functioning of financial institutionsand the propagation of shocks between thebanking and industrial sectors.

Professor Jayaramans publications haveappeared in Journal of Accounting &Economics, Journal of Accounting Research,Journal of Finance, Review of Accounting

Studies and The Accounting Review. His workis presented not only at academic conferenceswithin the U.S. and around the world, but alsoat regulatory bodies such as the EuropeanCentral Bank and the Federal Reserve Bank ofNew York.

In addition to teaching a PhD seminar,Professor Jayaraman teaches ManagerialAccounting in the Masters of Finance and theExecutive MBA programs. Prior to joining Simonin 2014, he was at the Olin Business School ofWashington University in St. Louis.

MBA, Bentley College

PhD, University of North Carolina, Chapel Hill(Kenan-Flagler)

GARRETT JOHNSONAssistant Professor of Marketing

Professor Johnsons research on InternetMarketing examines the market for onlinedisplay advertising. His research uses exper-imental and structural methods to measuread effectiveness, understand the welfareimplications of consumer tracking, and quantify

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consumer demand for ads. Prof. Johnson workswith Internet companiesincluding Facebookand Yahoo!to answer these questions withInternet-scale data. Prof. Johnson received hisPhD in Economics from Northwestern Universityand BA from the University of British Columbia.

BA, Economics, University of British Columbia,Vancouver

PhD, Economics, Northwestern University

ROY JONESClinical Assistant Professor ofComputers and Information Systems

Professor Joness current research studiesmarkets for information goods and the impactof development costs and the complexity of thedevelopment process on market structure. Heis broadly interested in the information indus-tries, in particular the economics of informationsystems, electronic commerce, and the evolu-tion of the information technology industry.

Before pursuing his PhD, Jones was a lecturerfor the Stanford University computer sciencedepartment. In addition, he founded a relation-al database consulting firm. In this capacity, heworked with Fortune500 firms and start-ups.

BA, History, Stanford University

MS, Computer Science, Stanford University

PhD, Operations, Information and Technology,Stanford University

RON KANIELJay S. and Jeanne P. Benet Professor of

Finance; Chairman of the PhD ProgramProfessor Kaniel has research interests in theareas of asset pricing, financial intermediationand investments. His research is focused onunderstanding mutual funds investment deci-sions and how they impact security prices, theimpact of endogenous community effects oninvestors investment decisions and equilibriumprices, and the predictive role of changes intrading volume and investors order flow onsecurity returns.

Kaniel has published articles in The Journalof Finance, Journal of Financial Economics,Review of Financial Studies, Journal ofBusiness, Operations Research,andMathematical Finance.His work has been citedmultiple times in The Wall Street Journal,theNew York Timesand the Washington Post.

Prior to joining the Simon School in 2011, Kanielwas a faculty member at Duke University andthe University of Texas at Austin, and was a vis-iting scholar at Stanford University.

BSc, Mathematics and Computer Science,Hebrew University Jerusalem

MSc, Computer Science, Hebrew University of

Jerusalem

PhD, Finance, Wharton School, University ofPennsylvania

DENNIS KESSLEREdward J. and Agnes V. Ackley ClinicalProfessor of Entrepreneurship

Professor Kessler is co-owner of KesslerRestaurants LLC, a Rochester, NY-based ownerand operator of 21 Burger King restaurants.Kessler has 30 years experience in restaurantownership, real estate and human resourcedevelopment. He employs about 700 workersin central and western New York State. He hasowned and operated a number of differentfranchise concepts including Friendlys wherehe was the largest Friendlys franchise restau-rant owner in the country. He has led a numberof successful start-up companies and is amember of the Council of Advisors for GersonLehrman Group Inc., an international associa-tion of academic and industry thought leaders

consulting for leading investment professionalsworldwide.

Kessler is a former member of the board oftrustees of the University of Rochester MedicalCenter and past chair and commissioner of theCity of Rochester Civil Service Commission. Heis currently a member of the board of ExcellusBlue Cross/Shield of Western New York,President of the Rochester Police Foundation,former founding board member of the YoungWomens College Prep Charter School ofRochester and a founding board member ofthe Rochester Education Foundation. He isalso a founding member and Vice President

of the Monroe County Sheriffs Foundationand a member of the Farash Foundation GrantReview Board.

BS, City University of New York

MA, Sociology, John Jay College of CriminalJustice

MSL, Yale University Law School

LLM, Northwestern University School of Law

Certificate of Business Administration, Institutode Empresa, Madrid, Spain

JAEWOO KIM

Assistant Professor of AccountingProfessor Kims research interests includefinancial reporting, auditing, tax avoidance, andcorporate investment. He is particularly inter-ested in understanding the interaction betweenaccounting information and corporate decisions(e.g., investment, financing, and liquidity man-agement). His current working papers examinethe role of accounting for business combina-tions in explaining the asset growth anomaly,the effect of accounting conservatism on corpo-rate investment, and the effects of CEO career

concerns on risk-taking. His teaching interestsare in financial and managerial reporting.

Prior to pursuing his PhD, Professor Kim workedas a financial and managerial accountant in alarge life insurance firm in Seoul, South Korea.

BA, Economics, Korea University

MBA, Korea Advanced Institute of Science &

Technology (KAIST)PhD, University of Iowa

LEONARD KOSTOVETSKYAssistant Professor of Finance

Professor Kostovetskys main interests arein financial economics. Several of his papersfocus on the way that political beliefs and con-nections affect the decisions of financial inves-tors and corporate managers. In addition, he isalso conducting research on the fast-growingindustry of socially responsible investing andhas written on recent changes in the asset

management industry.

AB, Economics, Princeton University

MA, Economics, Princeton University

PhD, Economics, Princeton University

PHILLIP J. LEDERERAssociate Professor of OperationsManagement

Professor Lederer has research interests inoperations management and its integrationwith economic theory. His current researchfocuses on three areas: the financial justifica-

tion of manufacturing technology, performanceevaluation in operations and competitionin network-based industries. His work hasappeared in Econometrica, the InternationalJournal of Flexible Manufacturing Systems,theJournal of Manufacturing and OperationsManagement, theJournal of Operations Man-agement, Operations Research, OperationsResearch Letters, Regional Science and UrbanEconomicsand Transportation Science. Ledereis associate editor of the International Journalof Production Economicsand an occasionalreferee for Econometrica, theJournal ofAccounting and Economics, Management Sci-

ence, Operations Researchand the Review ofEconomic Studies. He is a former assistant pro-fessor of business administration at the DardenGraduate School of Business Administration atthe University of Virginia.

BS, Physics, State University of New York atStony Brook

MS, Applied Mathematics, NorthwesternUniversity

PhD, Applied Mathematics, NorthwesternUniversity

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JOHN B. LONG JR.Frontier Communications/RochesterTelephone Professor of BusinessAdministration; Professor of Finance andEconomics; Area Coordinator, AppliedEconomics

Professor Long has research interests primarilyin the area of financial economics. In his pub-lished articles, he has addressed many of the

financial decision problems faced by individualsand firms. These include total savings and port-folio-selection decisions (with particular empha-sis on income tax implications and the per-formance of sophisticated portfolio-selectiontechniques), investment-project evaluationand dividend-policy choice. In other articles,he addresses the behavior of relative assetprices, the measurement of abnormal assetreturns, the implications of taxes and inflationfor common stock prices and the term structureof interest rates. With Charles I. Plosser, Longhas done theoretical and empirical research onfundamental interpretations of fluctuations in

economic activity (business cycles). Long is apast editor and advisory editor of theJournalof Financial Economics and a member of BetaGamma Sigma.

BA, Mathematics, Rice University

PhD, Industrial Administration, Carnegie MellonUniversity

MITCHELL J. LOVETTAssociate Professor of Marketing

Professor Lovetts research develops quan-titative models of consumers and firms to

understand marketing phenomenon. Hisresearch studies targeted advertising, advertis-ing content and schedule choices, online andoffline word-of-mouth, social media listening,and consumer learning. One stream of Lovettsresearch examines the antecedents and con-sequences of social engagement and word-of-mouth. Recent projects in this stream evaluatethe relative importance of paid, earned, andowned media in building new entertainmentbrands, how brand characteristics influenceword-of-mouth online and offline, and howthese two channels differ in their content anduse. A second stream of Lovetts research

focuses on applying and developing empiricalmethods for political marketing. Current proj-ects in this stream study the dynamics behindwhy candidates go negative in their politicaladvertising, how candidates can improve theirtargeting of political ads, and the role of socialmedia in influencing voter sentiment.

Lovetts research has been published in topmarketing journals including Marketing Scienceand the Journal of Marketing Research;received research grants and awards, includingthe Institute for the Study of Business Markets

Research Grant Silver Medalist Award; andgarnered national media attention in relevanttrade publications such as the New York Times,Ad Age, MSI Insights, and Marketing News.

At the Simon School, Lovett teaches marketingresearch and advanced marketing topics andhas taught advertising and consumer behavior.He was the Sheth Doctoral Consortium Fellowfor Duke University where he earned his PhD.

BA, Mathematics, Economics, German, OhioWesleyan University

MBA, Boise State University

PhD, Business Administration, Duke University

RAVINDRA N. MANTENAClinical Associate Professor of Computerand Information Systems

Professor Mantena studies economics of digitaland information-rich products. His researchexplores how the increasing informationtechnology content in products alters compe-

tition, strategy and market structure. Recentresearch has focused on issues of pricing,product design and entry in converging dig-ital markets, and also on price and demandevolution in network industries. In addition, healso has research interests in measuring deci-sion performance, revenue management andinformation economics. Prior to pursuing hisPhD in information systems, Mantena workedas a sales manager for a consumer goodsmultinational firm and founded an aquaculturecompany in India.

BE (honors), Electrical Engineering, Birla

Institute of Technology and Science (India)MBA, Business Management, Indian Institute ofManagement (India)

M.Phil, PhD, Information Systems, New YorkUniversity

LAWRENCE J. MATTESONExecutive Professor of BusinessAdministration

Professor Matteson brings to the Simon Schoolover 25 years of experience in technology andmanufacturing management and in strategydevelopment in large corporations. He teaches

corporate strategy, Competitive Strategy, mar-keting strategy and negotiation theory andpractice in both the regular MBA and ExecutiveMBA programs. Matteson was previously seniorvice president and manager of electronicimaging at Eastman Kodak Company, which hejoined in 1965. He holds an MS degree in elec-trical engineering from Rensselaer PolytechnicInstitute and received the Hugh H. WhitneyAward for highest academic honors from theSchools Executive MBA Program in 1979. Heserves on several boards and is active as amanagement consultant.

BS, Electrical Engineering, Union College

MS, Electrical Engineering, RensselaerPolytechnic Institute

MBA, Executive Development Program,University of Rochester

ANDRS MIKLSClinical Assistant Professor

Professor Mikls has research interests in busi-ness ethics, medical ethics and health policy.Prior to joining the Simon School, he was apostdoctoral fellow at Harvard University, andheld fellowships at the European UniversityInstitute, the University of Oxford and theUniversity of Oslo. His research has been pub-lished or is to appear in Utilitas, Public HealthEthics and Public Reason.

MA, Political Science, Central EuropeanUniversity

PhD, Political Science, Central EuropeanUniversity

JEANINE MIKLSTHALAssistant Professor of Economics and ofMarketing

Professor Mikls-Thals research interestsinclude industrial economics, marketing andthe economics of organizations. She is particu-larly interested in the impact of marketing deci-sions on customers quality perceptions, thecompetitive implications of common contractuaarrangements in the grocery industry, and theincentive effects of contests.

Mikls-Thals research has been published or

is to appear in theJournal of the EuropeanEconomic Association,the International Journaof Industrial Organizationand EconomicTheory.

Her main teaching interest lies in pricing andindustrial economics. Prior to joining the SimonSchool, Mikls-Thal taught at the University ofMannheim, Germany. She was also a postdoc-toral fellow at the European University Institutein Florence, and a visiting scholar at the MITSloan School of Management.

Propaedeuse, International Economic Studies,Maastricht University

Propaedeuse, Econometrics, MaastrichtUniversity

MA, Economics, Maastricht University

DEA, Economic Theory and Econometrics,University of Toulouse 1

PhD, Economics, University of Toulouse 1

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DUNCAN T. MOOREVice Provost for Entrepreneurship,Rudolf and Hilda Kingslake Professorof Optical Engineering, Professor ofBiomedical Engineering, Professorof Business Administration, and AreaCoordinator, Entrepreneurship

Professor Moore was appointed vice provostfor entrepreneurship at the University in

2007. In this role, he oversees the Center forEntrepreneurship and managed the KauffmanCampus Initiative ($10.6M over five years).Moore is also the Rudolf and Hilda KingslakeProfessor of Optical Engineering and professorof business administration at the University ofRochester.

From 2002 until 2004, he served as thepresident and chief executive officer of theInfotonics Technology Center. From 1995 to1997, Moore was dean of engineering andapplied sciences at the University. From 1997until 2000 he served as associate director for

technology, White House Office of Scienceand Technology Policy, Executive Office of thePresident.

Moore teaches an entrepreneurship course toa combined class of engineering graduate stu-dents and MBAs.

BA, Physics, University of Maine at Orono

MS, Optics, University of Rochester

PhD, Optics, University of Rochester

PAUL NELSONClinical Professor of Marketing

Professor Nelsons teaching and researchinterests are concentrated on the multi-attrib-ute model of consumer behavior, brand man-agement, product positioning and pricing,outsourcing and the Internet. Nelson directsthe Brand Management Program at Simon.He recently had marketing articles publishedin Marketing Science, Management Scienceand theJournal of Retailingas well as phi-losophy and information systems journals.He has served as a reviewer for numerousjournals, including Marketing Science, Man-agement Scienceand theJournal of ConsumerResearch. Nelson and his co-author, DanHorsky, won the John D. C. Little Award for thebest paper published in 1992 in ManagementScience or Marketing Science, for their paper,New Brand Positioning and Pricing in anOligopolistic Market. Nelson has also won theFrank M. Bass Award for the best publishedmarketing paper based on a dissertation. Nel-son previously taught at the Krannert GraduateSchool of Management at Purdue University.He has been inducted into Beta Gamma Sigma,Omicron Delta Epsilon, Pi Mu Epsilon and PhiBeta Kappa.

BA, Mathematics, Economics and Business,Macalester College

MS, Business Administration, University ofRochester

PhD, Business Administration, University ofRochester

ROBERT NOVYMARXLori and Alan S. Zekelman Professor of

FinanceProfessor Novy-Marxs research focuses pri-marily on asset pricing, both theoretical andempirical, though he also works in industrialorganization, public finance and real estate.

Novy-Marx earned the American Real Estateand Urban Economics Association DissertationAward in 2005 and the Western FinanceAssociations Trefftz Award in 2004 for AnEquilibrium Model of Investment UnderUncertainty. His Hot and Cold Markets wonthe 2010 Mills Prize for the best paper in realestate economics.

Novy-Marx is also a former professional tri-athlete, a member of the National Bureau ofEconomic Research and taught at the BoothSchool of Business before coming to the SimonSchool.

BS, Physics, Swarthmore College

PhD, Finance, University of CaliforniaBerkeley(Haas School of Business)

DAVID J. OLIVEIRIExecutive Professor of BusinessAdministration

Professor Oliveiri has held several executivepositions over a 30-year career in publishingand law.

He most recently served as group vice pres-ident of legal education for West Group (anoperating arm of Thomson-Reuters) and presi-dent of Foundation Press.

He has held positions as senior vice presidentand publisher, vice president of business devel-opment, vice president of product systems,and general manager/chief operating officerfor various Thomson subsidiaries and operatinggroups.

Oliveiri began his career at LawyersCooperative Publishing in Rochester, NY, wherehe was a managing editor, and later, an edi-torial director. He has also served as generalcounsel at Theatre Confections Inc. and wasassistant counsel at Central Trust Bank.

He is a member of the New York State andMonroe County Bar Associations, Beta GammaSigma, the Scribes Society of Legal Writers, andthe Academy of Legal Studies in Business. Heis licensed to practice law before the courts of

New York State and the Federal Court of theWestern District of New York.

Oliveiri is the author of the revised edition ofNimmers Commercial Asset-Based Financing(Thomson/West), a leading legal treatise. Hisresearch interests are in the areas of law andeconomics as interrelated disciplines, and inparticular how the legal environment affectscomparative advantage.

BS, Accounting, University at Buffalo

JD, University at Buffalo


DMITRY ORLOVAssistant Professor of Finance

Dmitry has research interests in several areasof finance and economics including employ-ee performance evaluations, markets forrepurchase agreements, and coherent riskmeasurement. He also studies market micro-structure models and general equilibrium assetpricing. Orlovs research has been publishedin the Journal of Finance and MathematicalFinance. Prior to earning a PhD from theStanford Graduate School of Business, heearned a degree in Mathematics from MoscowState University and a degree in Data Analysisfrom the Moscow Institute of Physics andTechnology.

MICHAEL A. RAITHAssociate Professor of Economics andManagement

Professor Raith joined the Simon School in2002 and teaches MBA and MS courses inorganizational and competitive strategy, forwhich he was named to the Teaching HonorRoll three times. His research interests parallelhis teaching interests, and include organiza-tional economics and industrial economics.Professor Raith has worked on pricing strate-gies in the presence of market uncertainty, theeffects of financial constraints on firms behav-ior in product markets, incentive contractingand performance evaluation in organizations,and the interaction between incentives andcommunication in various organizational situ-ations. Raiths work has been published in theAmerican Economic Review, RAND Journal ofEconomics, American Journal of Economics,Journal of Economic Theory, InternationalJournal of Industrial Organization, Journal ofLaw, Economics and Organization and Journalof Financial and Quantitative Analysis.

Prior to joining the Simon School faculty, Raithtaught at the Graduate School of Business ofthe University of Chicago. During 200506, hevisited the University of Southern CaliforniasMarshall School of Business, where he received

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a Golden Apple teaching award. In Fall 2011,he visited MITs Sloan School of Management,where he taught organizational economics.

Vordiplom, Economics, University of Bielefeld

Vordiplom, Computer Science, FernuniversittHagen

Diplom, Economics, University of Bonn

PhD, Economics, London School of Economics

ROBERT READYAssistant Professor of Finance

Professor Readys research interests are inasset pricing, macrofinance, and internationalfinance. His recent research focuses primarilyon commodity prices. His current projectsinclude studying how changes in productionconditions lead to changes in the riskinessof commodity derivatives, and examining therelation between commodity price risk andcurrency risk.

BA, Economics, Carnegie-Mellon UniversityPhD, Finance, University of Pennsylvania

HUAXIA RUIAssistant Professor of Computers andInformation Systems

Professor Ruis research interests include socialmedia, economics of electronic commerce,health IT, and contract theory.

His current research focuses on social mediaanalytics, online word of mouth, and onlineadvertising.

BE, ME, Control Science and Engineering,Tsinghua University

PhD, Information Management, The Universityof Texas at Austin (McCombs School ofBusiness)

WERNER SCHENKClinical Assistant Professor ofComputers and Information Systems

Professor Schenk has professional and teach-ing interests in computers and informationsystems as applied to end-user computing,documentation and training, and applications

development for office and manufacturingautomation. Prior to joining the faculty, heworked as a principal information specialist andmanager of programming services for XeroxCorporation. He now consults independentlyon information systems. He was a visiting pro-fessor of management information systems atSt. John Fisher College and has held adjunctteaching positions at the Rochester Instituteof Technology and the State University ofNew York at Brockport. He has been a mem-ber of the ANSI Committee for ProgrammingLanguage Standardization and is a co-author of

the American National Standards for Informa-tion Systems Programming Languages-Fortran.

Professor Schenk is also a member if theInternational Standards Organization (ISO) aspart of a sub-committee defining programmingstandards for Computer-integrated manufac-turing systems (CIMS) and Computer numericalcontrol (CNC)

Professor Schenk is an arbitrator for the

American Arbitration Association and a memberof the Financial Industry Regulatory Authority(FINRA) Board of Arbitrators.

BA, Mathematics, University of California


RONALD M. SCHMIDTJanice M. and Joseph T. Willett Professorof Business Administration for Teachingand Service

Professor Schmidt developed the ExecutiveDevelopment (MBA) Program at Erasmus

University in the Netherlands and served as itsfirst chairman. His teaching areas include eco-nomics, statistics, marketing, organizations andcorporate strategy.

Schmidt received Superior Teaching Awardsfrom the MBA Classes of 1974, 1976, 1983 and1991; the Executive Development (MBA) Classesof 1984, 1985 and 1988; the Rochester-ErasmusMBA Class of 1987 and the Rochester-Nyen-rode Classes of 2000 and 2001. His publica-tions include papers on pricing, regulationand management compensation. His currentresearch activities include an examination of

the relationship between pay and performancefor CEOs and an investigation of the impact ofcontractual provisions on the performance ofmajor-league baseball players. He has servedas a consultant to Eastman Kodak Company,Xerox Corporation, Bausch & Lomb, SchlegelCorporation, Croon Electrotechniek and severalother corporations.

BA, Economics, The Ohio State University

MA, Economics, The Ohio State University

BRYCE SCHOENBERGERAssistant Professor of Accounting

Received his doctoral degree in Accountingfrom the University of Southern California. Hisresearch interests lie in financial accountingwith specific interest in asset impairments,option markets, and earnings quality. He holdsan active CPA license in Colorado followingwork experience at PricewaterhouseCoopers inthe audit support practice.

G. WILLIAM SCHWERTDistinguished University Professor andProfessor of Finance and Statistics

Professor Schwert has research and teachinginterests in portfolio and capital-market theory,corporate finance and control, econometricsand time-series analysis, and in the effectsof public regulation on business. From 1978until 1982, his research was sponsored by the

National Science Foundation. During 1982,he was the first CRSP Distinguished ResearchScholar at the University of Chicago. Hereceived a Batterymarch Research Fellowshipfor the 198283 academic year. In 1990, hewon the Graham and Dodd Plaque for the bestpaper (Stock Market Volatility) published inthe Financial Analysts Journal, and he wona Smith-Breeden Distinguished Paper Awardfor one of the best papers (Why Does StockMarket Volatility Change Over Time?) pub-lished in The Journal of Finance.

Schwert has been an editor of theJournalof Financial Economicssince 1979 and themanaging editor since 1995. He was an asso-ciate editor ofThe Journal of Financefrom19832000, and he is an advisory editor of theJournal of Monetary Economics. His currentresearch deals with the pricing of initial publicofferings of stock, the effects of insider tradingon the market for corporate control, the effectsof anti-takeover devices on takeover activity,and on stock market volatility.

AB (honors), Economics, Trinity College

MBA, Finance, Econometrics, University ofChicago

PhD, Finance, Econometrics, University ofChicago

ABRAHAM SEIDMANNXerox Professor of Computers andInformation Systems; and AreaCoordinator, Computers and InformationSystems, and Operations Management

Professor Seidmann is the author of over100 research articles, which appear in manyof the leading scientific journals, and hasbeen the founding department editor oninterdisciplinary management research andapplications in Management Science for 10years. He is also an associate or area editorfor IIE Transactions, the International Journalof Flexible Manufacturing Systems, ProductionPlanning and Controls, theJournal of IntelligenManufacturing, theJournal of ManagementInformation Systems, andProduction andOperations Management. His current researchand consulting activities include medical infor-matics, electronic commerce, online auctions,information systems, health care management,business process design, project managementand optimal resource allocation, strategic

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manufacturing systems, information econom-ics, stochastic processes and performancemodeling for capacity planning and pricing. InOctober 2012 Professor Seidmann was nameda Distinguished Fellow by the Institute ofOperations Research and the ManagementSciences (INFORMS) and the InformationSystems Society of INFORMS. The award wasgiven to Seidmann, in recognition of his contri-butions to the information systems discipline.Seidmann is the first faculty member at theUniversity of Rochester to win that honor. InOctober 2011, he also won the WITS 2012 BestInstructional Technology award for developingthe highly interactive www.TradewindBusiness.com business simulation software. This soft-ware has been in use by dozens of leadinguniversities around the globe.

Seidmann has consulted with many of theleading industrial and service corporations andpresented numerous research and executiveseminars on four continents. He has wonteaching awards from the MBA and Executive

MBA classes at the Simon School, as well asfrom the Rochester-Nyenrode Class of 2003,and the MBA Classes of 1989 and 2009. Hisresearch was cited twice on the front page ofThe Wall Street Journal, and he was grantedseveral prestigious prizes at international con-ferences for publishing outstanding researchpapers in the areas of information systems,information economics and electronic com-merce. These include the Award for BestResearch Paper at the 16th International Con-ference on Information Systems, presentedin Amsterdam, the Netherlands. He also wonthe best paper award at the 1998 Hawaii

International Conference on Systems Sciences,in Kohala, Hawaii. In 1999, the Workshop onInformation Systems and Economics gave hima special award for writing The Best Paperon Information Systems and Economics. Heis currently working with clinical teams fromthe University of Rochester Medical School,University of Texas Medical School and JohnHopkins University on the development of inno-vative ways for treating various Neurologicaldisorders including Chronic Headaches andParkinson Disease using special protocols andcare maps for Telemedicine. He also workson the www.3rdFriday.com application that is

designed to match medical students with therespective medical schools that they plan tovisit for their residency.

BSc, Industrial and Management Engineering,Technion, Israel Institute of Technology

MSc, Operations Research, Technion, IsraelInstitute of Technology

PhD (cum laude), Industrial Engineering, TexasTech University

JOEL SELIGMANPresident, University of Rochester

Joel Seligman, president of the University ofRochester since July 1, 2005, also holds facultypositions in the Universitys Department ofPolitical Science and in the William E. SimonGraduate School of Business Administration.

Before he became the University of Rochesterstenth president, Seligman was dean of

Washington Universitys School of Law since1999. He was dean and Samuel M. FegtlyProfessor of Law at the University of ArizonaCollege of Law from 1995 to 1999. He alsoserved on the faculty at the University ofMichigan Law School, George Washington Uni-versity Law School and Northeastern UniversityLaw School.

A graduate of Harvard University, Seligman isone of the nations leading experts on secu-rities law, and is the co-author, with the lateLouis Loss and Troy Paredes, of the 11-volumeSecurities Regulation,the leading treatise in

the field, and author of The Transformationof Wall Street: A History of the Securitiesand Exchange Commission and ModernCorporation Finance.

He also has served as reporter for the NationalConference of Commissioners on Uniform StateLaws, Revision of Uniform Securities Act (19982002); as chair of the Securities and ExchangeCommission Advisory Committee on MarketInformation (20002001); and as a memberof the American Institute of Certified PublicAccountants Professional Ethics ExecutiveCommittee. He is currently a member of theboards of the Financial Industry Regulatory

Authority (FINRA) and the Eastman KodakCompany.

He is the author or co-author of 21 books andover 40 articles on legal issues related to secu-rities and corporations.

AB, Political Science, University of California atLos Angeles

JD, Harvard University

GREG SHAFFERWesray Professor of BusinessAdministration; Professor of Economics

and Management and of MarketingProfessor Shaffer teaches the course onpricing policies to full-time and part-timeMBA students. He has been named to theTeaching Honor Roll numerous times and wasawarded the Superior Teaching Award fromthe MBA classes of 2001 and 2004. Shaffersresearch employs game theoretic models toexamine pricing-related issues in IO and anti-trust economics. His specialty is in the area ofvertical restraints, including exclusive dealing,bundling, slotting allowances, market-share-

based contracts and resale price maintenance.He has received research grants from theUS National Science Foundation, the SocialScience Research Council (USA) and the SocialResearch Council (UK).

Shaffers work has appeared in theAmericanEconomic Review; Economic Journal; the RANDJournal of Economics; Journal of Economicsand Management Strategy; Journal of Law and

Economics; Journal of Law, Economics andOrganization; Journal of Industrial Economics;International Journal of Industrial Organization;Marketing Science; and Management Science.He received Emerald Management ReviewsCitation of Ex-cellence Award as the authorof one of the top 50 management articles of2002.

Shaffer is a co-editor of theJournal of Eco-nomics and Management Strategyand anassociate editor of theJournal of Economicsand Business. He has served as a visitingscholar in the two U.S. government anti-trust agencies: the Antitrust Division of the

US Department of Justice and the Bureauof Economics at the U.S. Federal TradeCommission. Shaffer participated in the writingof the 2001 Federal Trade Commissions reporton slotting allowances (payments for retail shelspace), and he has twice given invited testi-mony on their competitive effects, serving ona three-member panel investigating this prac-tice at the Hearings on Global and InnovationBased Competition(1995) and again at theFederal Trade Commissions sponsored work-shop on slotting allowances (2000).

Prior to joining the Simon School in 1997,

Shaffer taught in the economics departmentsat Indiana University (Bloomington, Ind.) andthe University of Michigan (Ann Arbor, Mich.).He has held an appointment at Princeton Uni-versitys Woodrow Wilson School, and he hasbeen a visiting scholar in the marketing depart-ment at Northwestern Universitys KelloggSchool of Management.

In addition to his teaching and research dutiesat the Simon School, Shaffer has an appoint-ment in the School of Management at theUniversity of East Anglia (Norwich, UK). He isalso the founder of the Center for Pricing.

BA (high honors), Economics and Mathematics,Swarthmore College

MA, Economics, Princeton University


CLIFFORD W. SMITH JR.Louise and Henry Epstein Professor ofBusiness Administration and Professorof Finance and Economics

Professor Smith has research interests in thefields of corporate financial policy, derivative

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securities and financial intermediation. Hehas published 16 books and over 90 articlesin leading finance and economics journals.Students in the Executive MBA Program havegiven him their Superior Teaching Award 21times; students in the MBA Program have givenhim their Superior Teaching Award 16 times.In 2003, he received the FMA Fellows Awardby the Financial Management Association

International. He was named DistinguishedScholar by the Southern Finance Association in2000, and Distinguished International VisitingScholar by the British Accounting Associationin 1991. In 1986, he was given the first SpecialAward for a Perfect Teaching Rating by theSchool; in 1983, he was chosen a UniversityMentor in recognition of his scholarship andteaching.

He is currently chairman of the board of HomeProperties, a multifamily real estate investmenttrust (REIT) with operations primarily alongthe East Coast of the United States, and wasformerly chair of the compensation committee,

chair of the governance committee, and leaddirector.

Smith has served as president of the RiskTheory Society, president of the FinancialManagement Association National HonorSociety, vice president for Global Servicesof the Financial Management AssociationInternational, vice president of the InternationalEconomics and Finance Society, a memberof the board of advisors of the InternationalAssociation of Financial Engineers, and a mem-ber of the board of directors of the FinancialManagement Association and the Southern

Finance Association. He is an advisory editorof theJournal of Financial Economics;anassociate editor of theJournal of Risk andInsurance,Financial Practice and Education,theReview of International Economics, theJournal of Financial Services Research, theJournal of Derivatives,and theJournal ofFinancial Research;a member of the editorialboard of the Review of International Econom-ics;and a member of the advisory board oftheJournal of Applied Corporate Finance,The Financier, Contemporary Finance Digest,and The Arbitrageur. His paper, TradingCost for Listed Options: The Implications for

Market Efficiency (with Susan M. Phillips), wasawarded the Pomerance Prize for Excellencein Options Research by the Chicago BoardOptions Exchange for 1980; his paper, Onthe Convergence of Insurance and FinanceResearch, was awarded the Alpha KappaPsi-Spangler Award by the American Risk andInsurance Association for 1996.

BA, Economics, Emory University

PhD, Economics, University of North Carolina atChapel Hill

ERIN SMITHAssistant Professor of BusinessAdministration

earned her doctorate in Finance from the SternSchool of Business in 2013. In her dissertation,Do Shareholders Want Less Governance?Smith uses over-voting as a novel instrumentalvariable that increases the likelihood of passinganti-takeover provisions, finding that such pro-

visions increase shareholder value.

She has been awarded the Best Finance PhDDissertation in Honor of Stuart Greenbaumby Washington University in St. Louis and theEdwin Elton Prize for Best Job Market Paper byNew York University, Stern School of Business.Smith will be visiting the Securities andExchange Commission for most of this academ-ic year and will join the Simon faculty full timein fall 2014.

She earned a BA in Engineering and Economics

from Dartmouth College.

TOLGA TEZCAN

Associate Professor of OperationsManagement

Professor Tezcan has research interestsin management of service operations. Hestudies robust design and control of servicesystems, such as call centers and health caresystems, operating under demand uncer-tainty. He has won the NSF CAREER award in2009. His research articles have appeared inManagement Science, Operations Research,

Math of Operations Research, Annals ofApplied Probabilityand Queueing Systems.

Prior to joining Simon School in 2010, he taughtcourses in Engineering Economy and DecisionMaking, and Statistical Process Control atUniversity of Illinois at Urbana-Champaign.Before obtaining his PhD, he worked at the UPSCustomer Service Center.

BS, Industrial Engineering, Bilkent University,Turkey,

MS, Industrial and Systems Engineering,Colorado State UniversityPueblo

MS, Mathematics, Georgia Institute of

TechnologyPhD, Industrial and Systems Engineering,Georgia Institute of Technology

VERA TILSONAssociate Professor of OperationsManagement

Professor Tilsons research interests are insupply chain management, stochastic sched-uling and health care operations. Her teachinginterests are in production and operations man-agement, management science and business

statistics. Previously, she taught operationsmanagement at the Weatherhead Schoolof Management at Case Western ReserveUniversity. She has 14 years of industrial experi-ence as a software engineer and project man-ager in telecommunications, medical instru-mentation, supply chain software and financialindustries. She has published articles in theEuropean Journal of Operations Research,

Mathematical Social Sciences, InternationalJournal of Revenue Managementand theProduction and Operations ManagementJournal.

SB, Electrical Engineering, MassachusettsInstitute of Technology

MS, Applied Mathematics, Colorado School ofMines

PhD, Operations Management, Case WesternReserve University

HEIDI TRIBUNELLAFaculty Director of MS in Accountancy;

Clinical Associate Professor ofAccounting

Professor Tribunella has served as an auditorfor two national firms, Deloitte & Touche andPricewaterhouseCoopers LLP. At those firms,she served clients in the health care industry aswell as midsized firms. Tribunella, also a NewYork State Certified Public Accountant, spentover five years in industry as a manager offinancial reporting for two different health carecompanies. Prior to joining the Simon Schoolfaculty, she taught a variety of business andaccounting courses at various colleges.

Tribunella has an interest in accounting andauditing research and has published articleswith in theCPA Journal, theJournal of Businessand Economics Research, theJournal ofCollege Teaching and Learning, The Reviewof Business Information Systems, and theAccounting Information Systems EducatorJournal.

Tribunella has received Best Paper Awardsat the International Business and EconomicsResearch Conference and the AccountingInformation Systems Educators Conferences.

BS, Accounting, State University of New York atGeneseoCertified Public Accountant, New York StateLicense

MS, Accountancy, State University of New YorkInstitute of Technology

JEROLD B. WARNERFred H. Gowen Professor of BusinessAdministration; Professor of Finance andArea Coordinator, Finance

Professor Warner has teaching and research

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interests in portfolio theory, capital markets andcorporate finance. He is currently an associateeditor of theJournal of Financial Economics.He is a former member of the faculty of theUniversity of Chicago Graduate School ofBusiness.

BS, Economics, University of Pennsylvania

MA, Operations Research, Yale University

MBA, Economics and Finance, University ofChicago

PhD, Economics and Finance, University ofChicago

CHARLES E. WASLEYJoseph and Janice Willett DistinguishedScholar; Area Coordinator, Accounting

Professor Wasleys teaching interest is thefinancial reporting area. His research interestsencompass the role of accounting information incapital markets. He currently serves as an asso-ciate editor of theJournal of Accounting and

Economics.His current research focuses onthe rational pricing of earnings, cash flows, andaccruals; measuring real activity management;the role of management earnings forecastsin the bond market; management cash flowforecasts; information externalities in capitalmarkets; the determinants of insider tradingwindows; and the role of materiality as a deter-minant of firms disclosure decisions.

Recent publications include Soft-TalkManagement Cash Flow Forecasts: Verifiability,Credibility, and Stock Price Effects, forthcomingin Contemporary Accounting Research, 2012and Information Externalities along the Supply

Chain: The Economic Determinants of SuppliersStock Price Reaction to Their Major CustomersEarnings Announcements, ContemporaryAccounting Research, 2011.

Wasleys research has been published in theJournal of Accounting and Economics, TheAccounting Review, the Journal of AccountingResearch, theJournal of Finance, theJournal ofFinancial Economics, Contemporary AccountingResearch, theJournal of Accounting,Auditing and Finance, theJournal of PortfolioManagement, and the Review of QuantitativeFinance and Accounting.

Prior to his appointment at the Simon School,Wasley was a faculty member at WashingtonUniversity in St. Louis and The University ofIowa.

BS, Accounting, State University of New York atBinghamton

MS, Accounting, State University of New York atBinghamton

PhD, Accounting, The University of Iowa

GERARD J. WEDIGAcademic Director of Health CarePrograms; Associate Professor ofBusiness Administration

Professor Wedigs research interests involve theapplication of corporate finance, governance,organizational economics and incentives tothe health care industry. He has studied theinvestment and financing decisions of hospi-

tals and nonprofit entities, incentive paymentsystems for physicians and hospitals, and avariety of other issues in health economics,including the incentive effects of Medicare andMedicaid payment systems on costs, insurancecoverage and charity care. His current researchfocuses on the organizational economics of themanaged care industry. Wedigs publicationshave appeared in The Journal of Finance, theJournal of Business, the Review of Economicsand Statistics, theJournal of Health Economics,Health Affairs, Medical Care Research andReviewand other journals. In addition, he hasbeen the recipient of numerous research grantsfrom the Centers for Medicare and MedicaidServices (formerly HCFA) and the Robert WoodJohnson Foundation.

Wedig teaches courses in organizational eco-nomics as well as the corporate finance andgovernance of health care organizations. Hehas consulted to numerous medical organi-zations including hospitals, HMOs, physiciangroups, pharmaceutical firms and consultingfirms on issues of health care finance. Priorto joining the Simon School, Wedig taught atBoston Universitys School of Management,the Wharton School at the University of Penn-

sylvania and Indiana Universitys Kelley Schoolof Business.

BS (summa cum laude), Economics, WashingtonUniversity (St. Louis)

MA, Economics, Harvard University

PhD, Economics, Harvard University

TONI M. WHITEDMichael and Diane Jones Professor ofBusiness Administration and Professor ofFinance; Co-Chairperson, PhD Program

Professor Whited was named the first Michael

and Diane Jones Professor of Business Admin-istration on February 24, 2009.

Previously, Whited was the Kuechenmeister-Bascom Professor at the Wisconsin Schoolof Business at the University of Wisconsin,Madison. She earned a BA from the Universityof Oregon, majoring in French literatureand economics, and a PhD from PrincetonUniversity in economics, working with BenBernanke. Professor Whited worked at theFederal Reserve Board and was on the facultyof the University of Pennsylvania, Northwestern

University, the University of Michigan and theUniversity of Iowa before joining the Universityof Wisconsin in 2003.

Whited has taught in a wide variety of areas infinance, macroeconomics and econometrics athe undergraduate, MBA and doctoral levels.She has published over 20 articles and hastwice won a Brattle Prize for one of the toparticles in theJournal of Financein corporate

finance. Her research deals primarily with theeffects of financial markets on firm capitalbudgeting decisions. She has also conductedresearch in the areas of theoretical economet-rics, asset pricing, macroeconomics and cor-porate debt policy. She serves on the editorialboards of theJournal of Financial Economicsand the Review of Financial Studies.

BA, French Literature and Economics, Universiof Oregon


KURT WOJDATClinical Assistant Professor of Accountin

Professor Wojdat gained public accountingexperience working for two years as an auditowith Peat Marwick and Mitchell. A certifiedpublic accountant, he spent five years at WarnLambert engaged in internal auditing, costaccounting, financial analysis and treasuryactivities. He then performed financial planninand analysis functions at Xerox Corporation fothree years. After receiving his doctoral degrehe taught at Syracuse University for one yearbefore joining the Simon School faculty.

BS, Accounting, State University of New York aAlbany

MBA, Finance, University of Rochester

PhD, Accounting, University of Buffalo

JOANNA SHUANG WUSusanna and Evans Y. Lam Professor ofAccounting

2014-2015_Course_Catalog_122914

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