Evan L Porteus

Sanwa Bank, Limited, Professor of Management Science, Emeritus

Evan Porteus’ research focuses on supply chain management, including incentive issues in supply chains, management and coordination of supply chains, management of the supplier–buyer relationship, and inventory management. He also studies capacity management and competition of various sorts, including service providers, new product and process development, and online vs. offline retailing.

Bio

Evan L. Porteus is the Sanwa Bank, Limited, Professor of Management Science, Emeritus at the Stanford Graduate School of Business. A graduate of Claremont Men's College and Case Institute of Technology, he has also worked in the Office of the Assistant Secretary of Defense (Systems Analysis) and at RAND Corporation, and was a Fulbright-Hays Senior Research Fellow in 1976-77 in Australia. Professor Porteus has published one book and over 50 articles and book chapters. He has been an associate editor of Management Science, Operations Research, and Manufacturing and Service Operations Management.

He has taught in both the MBA and PhD programs and has been an active PhD dissertation advisor. His teaching currently focuses on CAT, critical analytical thinking. He has served as codirector of the Stanford/Singapore Executive Program and as Area Coordinator of the Operations, Information and Technology group. He was a founding co-director of the Product Development and Manufacturing Strategy Executive Program, a joint venture of the School of Business and the School of Engineering. He was a founding board member of StartUp, now Renaissance Midpeninsula, a nonprofit located in East Palo Alto aimed at identifying, training, and empowering entrepreneurs with under-resourced backgrounds. He served four years as Director of the GSB PhD Program. He was born and raised in Honolulu, Hawaii; is married to Ann Wilson Porteus; and has three children, Matthew, Kimberley, and Bradford.

Academic Degrees

PhD, Case Institute of Technology, 1967, BA, Claremont Men's College, 1964.

Professional Experience

At Stanford since 1970.

Fulbright-Hays Senior Research Award, Australia, 1976-77. Systems Analyst, Office of the Asst. Secretary of Defense, 1967-69; Research Staff, RAND Corp., 1969-70.

Selected Publications

  • Foundations of Stochastic Inventory Theory: Stanford Univ. Press, 2002
  • Feasting on Leftovers: Strategic Use of Shortages in Price Competition Among Differentiated Products (w/ H-D Shin and T. Tunca): Manufacturing & Service Operations Management, 2010
  • An Asset Assembly Problem (w/ A. Angelus): Operations Research, 2008
  • Multistage Inventory Management with Expediting (w/ D. Lawson): Operations Research, 2000
  • Sustaining Technology Leadership Can Require Both Cost Competence and Inovative Competence (w/ G. Schmidt): Manufacturing & Service Operations Management, 2000
  • Undiscounted Approximations of Discounted Regenerative Models: Operations Research Letters, 1985
  • On the Optimality of Generalized (s,S) Policies: Management Science, 1971
  • On Manufacturing/Marketing Incentives: Management Science, 1991
  • Temporal Resolution of Uncertainty and Dynamic Choice Theory: Econometrica, 1978
  • Responsibility Tokens in Supply Chain Management,: Manufacturing & Service Operations Management, 2000

Working Papers

  • 1029: Stochastic Inventory Theory
  • 1033R: On Manufacturing/Marketing Incentives
  • 1137R: An Approach to Single Parameter Process Design
  • 1166: The Case Analysis Section: Analyses of the National Cranberry Cooperative I. Tactical Options
  • 1167: The Case Analysis Section: Analyses of the National Cranberry Cooperative II. Environmental Changes and Implementation
  • 1184R: Optimal Review Frequency in Concurrent Engineering
  • 1333R: Opportunities for Improved Statistical Process Control
  • 1367R2: Stalking Information: Bayesian Inventory Management with Unobserved Lost Sales
  • 1368: Manufacturer-Retailer Contracting Under an Unknown Demand Distribution
  • 1409R: Multi-Stage Inventory Management with Expediting
  • 141R: On the Optimality of Structured Policies in Countable Stage Decision Processes
  • 1419R: Simultaneous Production and Capacity Management under Stochastic Demand for Perishable Goods
  • 1431R: Sustaining Technology Leadership Can Require Both Cost Competence and Innovative Competence
  • 1479R2: Optimal Sizing and Timing of Modular Capacity Expansions
  • 1524R: Responsibility Tokens in Supply Chain Management
  • 1532R: Customer Service Competition in Capacitated Systems
  • 1568: The Impact of an Integrated Marketing and Manufacturing Innovation
  • 1569: Selling to the Newsvendor
  • 1590: Optimal Operating Policies for Multi-Plant Stochastic Manufacturing Systems In a Changing Environment
  • 165: Optimal Design of a Multi-item, Multi-location,Multi-repair Type Repair and Supply System
  • 190: Improved Penalties for the Branch and Bound Algorithm
  • 203: Bounds and Transformations for Finite Markov Decision Chains
  • 209: Extrapolations for Iterative Methods of Solving M-Matrix Equations
  • 212: An Informal Look at the Principle of Optimality
  • 235: Analysis of Linear Programs By Sequential Projection
  • 237: Triangular Factorization and Generalized Upper Bounding Techniques
  • 238: A Class of Methods for Linear Programming
  • 239: Estimating Computational Effort for Linear Programming Algorithms
  • 250: An Experiment in Computing the Expected Discounted Return in a Finite Markov Chain
  • 260: On the Optimality of Structured Policies in Countable Stage Decision Processes, II: Positive and Negative Problems
  • 261: On Optimal Dividend, Reinvestment, and Liquidation Policies for the Firm
  • 265: A Note on the Relation Between the Generalized GUB-Technique and Dantzig-Wolfe Decomposition
  • 275: On the Optimality of Structured Policies in Countable Stage Decision Processes, III: Regular Terminal Value Functions
  • 283: On Optimal Dividend and Liquidation Policies for the Firm, II: Optimality of LRHD Policies
  • 30: Another Method for the Symmetric Positive Semidefinite Linear Complementarity Problem
  • 315: Optimal Extrapolations for Discounted Finite Markov Reward Chains
  • 321: Temporal Resolution of Uncertainty and Dynamic Choice Theory
  • 322: Dynamic Choice Theory and Dynamic Programming
  • 338: Decomposition of Arborescent Linear Programs
  • 35: More on Quadratic Programming
  • 44: Equivalent Formulations of the Stochastic Cash Balance Problem
  • 441: An Adjustment to the Norman-White Approach to Approximating Dynamic Programs
  • 443: Improved Iterative Computation of the Expected Discounted Return in Markov and Semi-Markov Chains
  • 459: Temporal von Neumann-Morgenstern and Induced Preferences
  • 471: Evaluating the Effectiveness of a New Method for Computing Approximately Optimal (s,S) Inventory Policies
  • 488: Overview of Iterative Methods for Discounted Finite Markov and Semi-Markov Decision Chains
  • 501: Easily Computed Inventory Policies for Periodic Review Systems: Shortage Cost and Service Level Models
  • 547: Computing The Discounted Return In Markov And Semi-Markov Chains
  • 556: Conditions for Characterizing the Structure of Optimal Strategies in Infinite Horizon Dynamic Programs
  • 650: Inventory Policies for Periodic Review Systems
  • 651: Inventory Policies for Periodic Review Systems: Supporting Details
  • 727: Investing in Reduced Setups in the EOQ Model
  • 728: Investing in New Parameter Values in the Discounted EOQ Model
  • 743: Optimal Lot Sizing, Process Quality Improvement and Setup Cost Reduction
  • 749: Undiscounted Approximations of Discounted Regenerative Models
  • 842R: Setup Reduction and Increased Effective Capacity
  • 912: Optimal Inspection, Lot Sizing and Setup Reduction
  • 92: On Finite Stage Decision Processes
  • 93: On Infinite Stage Decision Processes
  • 967: Dynamic Process Improvement
  • 97: Bounds and Transformations in the Computational Theory for Finite State and Action Markov Decision Processes

Selected Cases

  • E324: Venture Viability Research

Courses Taught

Centers/Programs

Affiliations

  • Associate Editor: Operations Research (1970 - 2005)
  • Associate Editor: Management Science (1993 - 2002)
  • Faculty Director: Doctoral Program (1999 - 2003)
  • Member of Board of Directors: StartUp, an East Palo Alto Micro-Business Initiative (1994 - 2007)
  • Senior Editor: Manufacturing & Service Operations Management (1996 - 2005)

In The Media

  • The Stanford Graduate Supply Chain, Eyemine