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Zhan Pang

Zhan Pang

Associate Professor of Management
Operations Management


B.S. in Mathematics
M.S. in Mathematics
Ph.D. in Operations Research

Professor Pang is an associate professor in supply chain and operations management at Krannert School of Management. Prior to Purdue, he was a faculty member of City University of Hong Kong and Lancaster University while holding an adjunct position at Norweigian School of Economics (NHH).  

His research interests include decision analysis under risk and uncertainty, supply chain and service operations, pricing and revenue management and healthcare operations management. His publications have appeared in Operations Research, Production and Operations Management, Manufacturing and Service Operations Management, IEEE Transactions on Automatic Control, Applied Energy, etc. He is a senior editor of Production and Operations Management.

He has rich industrial experience. He has consulted extensively for various companies across the world, including Astra Zeneca, Shop Direct Group (UK), Pentland and HNA Qianhai Supply Chain, etc. He was also a continuous entrepreneur and management consultant.  He is current serving the board of directors of China Titans Energy Technology (HKEx 2188).

Journal Articles

  • Kouvelis, Panos; Pang, Zhan; Ding, Qing (2018). Integrated commodity inventory management and financial hedging: A dynamic mean-variance analysis. Production and Operations Management, vol. 27 (6), 1052-1073. | Related Website |
  • Chen, Xin; Gao, Xiangyu; Pang, Zhan (2018). Preservation of structural properties in optimization with decisions truncated by random variables and its applications. Operations Research, vol. 66 (2), 340-357. | Related Website |
  • Li, Dong; Pang, Zhan (2017). Dynamic booking control for car rental revenue management: A decomposition approach. European Journal of Operational Research, vol. 256 (3), 850-867. | Related Website |
  • Jin, Yue; Pang, Zhan (2017). Smart data pricing: The value of shared data plans. Service Science, vol. 8 (4), 386-405. | Related Website |
  • Crespo Del Granado, Pedro; Pang, Zhan; Wallace, Stein W. (2017). Synergy of smart grids and hybrid distributed generation on the value of energy storage. May 2016; In: . Vol. 170, pp. 476-488. Applied Energy, (170), 476-488. | Related Website |
  • Zhao, X.; Pang, Z.; Stecke, K.E. (2016). When does a retailer's advance selling capability benefit manufacturer, retailer, or both?. Production and Operations Management, vol. 25 (6), 1073-1087. | Related Website |
  • Del Granado, Pedro Crespo; Wallace, Stein W.; Pang, Zhan (2016). The impact of wind uncertainty on the strategic valuation of distributed electricity storage. Computational Management Science, vol. 13 (1), 5-27. | Related Website |
  • Pang, Zhan; Berman, Oded; Hu, Ming (2015). Up then down: Bid-price trends in revenue management. Production and Operations Management, vol. 24 (7), 1135-1147. | Related Website |
  • Pang, Zhan (2015). Optimal control of a single-product assemble-to-order system with multiple demand classes and backordering. IEEE Transactions on Automatic Control, vol. 60 (2), 480-484. | Related Website |
  • Crespo Del Granado, Pedro; Wallace, Stein W.; Pang, Zhan (2014). The value of electricity storage in domestic homes: A smart grid perspective. Energy Systems, vol. 5 (2), 211-232. | Related Website |
  • Pang, Zhan; Shen, Houcai; Cheng, T. C E (2014). Inventory rationing in a make-to-stock system with batch production and lost sales. Production and Operations Management, vol. 23 (7), 1243-1257. | Related Website |
  • Chen, Xin; Pang, Zhan; Pan, Limeng (2014). Coordinating inventory control and pricing strategies for perishable products. Operations Research, vol. 62 (2), 284-300. | Related Website |
  • PANG, ZHAN; Chen, Frank Y. (2014). Coordinated pricing and inventory control with batch production and erlang leadtimes. Probability in the Engineering and Informational Sciences, vol. 28 (4), 529-563. | Related Website |
  • Pang, Zhan; Chen, Frank Y.; Feng, Youy (2012). On the structure of joint inventory-pricing control with leadtimes. Operations Research, vol. 60 (3), 581-587. | Related Website |
  • Jiang, Houyuan; Pang, Zhan; Savin, Sergei (2012). Performance-based contracts for outpatient medical services. Manufacturing and Service Operations Management, vol. 14 (4), 654-669. | Related Website |
  • Rao, Lei; Liu, Xue; Xie, Le; Pang, Zhan (2011). Hedging against uncertainty: A tale of Internet data center operations under smart grid environment. IEEE Transactions on Smart Grid, vol. 2 (3), 555-563. | Related Website |
  • Shen, Houcai; Pang, Zhan; Cheng, T. C E (2011). The component procurement problem for the loss-averse manufacturer with spot purchase. International Journal of Production Economics, vol. 132 (1), 146-153. | Related Website |
  • Jiang, Houyuan; Pang, Zhan (2011). Network capacity management under competition. Computational Optimization and Applications, vol. 50 (2), 287-326. | Related Website |
  • Chen, Liuxin; Chen, Youhua; Pang, Zhan (2011). Dynamic pricing and inventory control in a make-to-stock queue with information on the production status. IEEE Transactions on Automation Science and Engineering, vol. 8 (2), 361-373. | Related Website |
  • Pang, Zhan (2011). Optimal dynamic pricing and inventory control with stock deterioration and partial backordering. Operations Research Letter, vol. 39 (5), 375-379. | Related Website |
  • Feng, Youyi; Pang, Zhan (2010). Dynamic coordination of production planning and sales admission control in the presence of a spot market. Naval Research Logistics, vol. 57 (4), 309-329. | Related Website |
  • Feng, Youyi; Ou, Jihong; Pang, Zhan (2008). Optimal control of price and production in an assemble-to-order system. Operations Research Letters, vol. 36 (4), 506-512. | Related Website |
  • Shen, Houcai; Xu, Jing; Pang, Zhan (2004). Decision analysis for order-specific component procurement with loss-averse utility. Chinese Journal of Management Science, vol. 7 (6), 37–45. | Related Website |

Working Papers

  • Qian, Lixian; Pang, Zhan; Soopramanien, Didier (2019). Can on-demand car rental disrupt private car ownership? A conjoint study on consumer mobility choice.
  • Yang Qiulin; Pang, Zhan; Huang, James (2018). Strong risk aversion in cumulative prospect theory: The choice-theoretic characterizations and applications.
  • Yang, Qiulin; Huang, James; Pang, Zhan (2018). Downside risk aversion in cumulative prospect theory.
  • Yang, Qiulin; Pang, Zhan (2018). Robust risk measures and cumulative prospect theory.
  • Jiang, Houyuan; Pang, Zhan; Savin, Sergei (2018). Performance incentives and competition in healthcare markets.
  • Zhao, Xuying; Pang, Zhan; Xiao, Wenqiang (2018). Preorder price guarantee in e-commerce.
  • Zhao, Xuying; Pang, Zhan; Zhang, Jie (2018). Dynamic pricing and online reviews of new products: Do reviews benefit a firm?.
  • Qian, Lixian; Pang, Zhan; Soopermanien, Didier (2018). On-demand car rental and consumer mobility choice: A conjoint study in Beijing.
  • Li, Dong; Pang, Zhan (2018). Dynamic car rental network revenue management.

Phone: (765) 49-44489
Office: KRAN 505