Junmin Shi
Junmin Shi
(Jim Shi) Professor, MT School of Management
4012 Central Avenue Building (CAB)
About Me
Dr. Jim Shi is the Leir Chair Professor at NJIT. Previously, he held the Hurlburt Chair professorship (2019-2022). His research interests lie in Supply Chain Management (SCM), Business Data Sciences (BDS), Financial Technology (FinTech), Logistics, Disruptive Technology (e.g., Blockchain) for SCM, Crowdsourcing Economics, Supply Chain Risk, Resiliency and Sustainability, Healthcare Operations, etc. Some of his current research is on the interface between Finance, Supply Chain Management, and Marketing.
Jim Shi is a recipient of IBM Faculty Award (2019), Excellence in Teaching Award (NJIT University- and College-wide), Robert W. Van Houten Award for Teaching Excellence, Outstanding Faculty Research Award (NJIT University- and College-wide). His teaching excellence has awarded him as the Master Teacher Designation 2022 (the highest teaching recognition at NJIT). Nationally, he has been selected as one of the Poets & Quants' 50 Best Undergraduate Professors for 2021. Internationally, Dr. Shi is the receipt of 2022 INFORMS Prize for Teaching OR/MS Practice.
His research appears at numerous scholarly top-tier journals (e.g., FT50 and UTD24) such as Operations Research (OR), Manufacturing & Service Operations Management (MSOM), Production and Operations Management Society (POMS), Decision Sciences Journal (DSJ), Naval Research Logistics (NRL), European Journal of Operations Research (EJOR), Transportation Research Part E, Computers & Industrial Engineering (CAIE), International Journal of Production Economics (IJPE), Annals of Operations Research, Omega (the International Journal of Management Science), Operations Research Letter (ORL), etc. His research has been funded by USDA, IBM, Leir Charitable Foundations, NYSHEX, etc. Dr. Jim Shi has been serving for multiple editorial roles. He is currently serving as Associate Editor for Decision Sciences Journal (DSJ), Omega, and Data Science and Management (DSM). He also serves as a member of the Editorial Board for Production and Operations Management, and the International Journal of Business Analytics (IJBAN).
Dr. Shi’s teaching interests include Financial Technology (FinTech), Data Analytics, Business Analysis, Business Statistics, Management Science, Decision Science, Supply Chain Management, Operations Management, etc. He has taught at several institutes including NJIT, Robinson College of Business at GSU, Rutgers Business School, Hong Kong University of Science and Technology (HKUST).
Associate Editor : Decision Sciences Journal (DSJ), OMEGA,
Data Science and Management (DSM).
Guest Editor : FinTech
Guest Editor : Mathematics
Editorial Board : POMS, DSJ, OMEGA, IJBAN, FIN.
Board and Co-Chair: CSCMP NY/NJ Round Table
Jim Shi is a recipient of IBM Faculty Award (2019), Excellence in Teaching Award (NJIT University- and College-wide), Robert W. Van Houten Award for Teaching Excellence, Outstanding Faculty Research Award (NJIT University- and College-wide). His teaching excellence has awarded him as the Master Teacher Designation 2022 (the highest teaching recognition at NJIT). Nationally, he has been selected as one of the Poets & Quants' 50 Best Undergraduate Professors for 2021. Internationally, Dr. Shi is the receipt of 2022 INFORMS Prize for Teaching OR/MS Practice.
His research appears at numerous scholarly top-tier journals (e.g., FT50 and UTD24) such as Operations Research (OR), Manufacturing & Service Operations Management (MSOM), Production and Operations Management Society (POMS), Decision Sciences Journal (DSJ), Naval Research Logistics (NRL), European Journal of Operations Research (EJOR), Transportation Research Part E, Computers & Industrial Engineering (CAIE), International Journal of Production Economics (IJPE), Annals of Operations Research, Omega (the International Journal of Management Science), Operations Research Letter (ORL), etc. His research has been funded by USDA, IBM, Leir Charitable Foundations, NYSHEX, etc. Dr. Jim Shi has been serving for multiple editorial roles. He is currently serving as Associate Editor for Decision Sciences Journal (DSJ), Omega, and Data Science and Management (DSM). He also serves as a member of the Editorial Board for Production and Operations Management, and the International Journal of Business Analytics (IJBAN).
Dr. Shi’s teaching interests include Financial Technology (FinTech), Data Analytics, Business Analysis, Business Statistics, Management Science, Decision Science, Supply Chain Management, Operations Management, etc. He has taught at several institutes including NJIT, Robinson College of Business at GSU, Rutgers Business School, Hong Kong University of Science and Technology (HKUST).
Associate Editor : Decision Sciences Journal (DSJ), OMEGA,
Data Science and Management (DSM).
Guest Editor : FinTech
Guest Editor : Mathematics
Editorial Board : POMS, DSJ, OMEGA, IJBAN, FIN.
Board and Co-Chair: CSCMP NY/NJ Round Table
Education
Ph.D.; Rutgers Business School, Rutgers University, NJ ; Supply Chain Management; 2010
M.B.A.; Rutgers Business School, Rutgers University, NJ ; Finance; 2008
M.E.; City University of New York; Electrical Engineering; 2006
M.S.; Shanghai Jiaotong University; Applied Mathematics; 2004
M.B.A.; Rutgers Business School, Rutgers University, NJ ; Finance; 2008
M.E.; City University of New York; Electrical Engineering; 2006
M.S.; Shanghai Jiaotong University; Applied Mathematics; 2004
Awards & Honors
2023 DSI Best Paper Award 2023, Decision Sciences Institute (DSI)
2022 INFORMS Prize for Teaching OR/MS Practice (International) 2022, INFORMS
2022 Excellence in Research Award, MTSM, NJIT
2022 Excellence in Teaching Award, MTSM, NJIT
2022 Master Teacher Designation (the highest teaching recognition at NJIT), NJIT
2022 Poets & Quants' list of the 50 Best Undergraduate Professors (Nationally / Internationally), Poets & Quants
2022 INFORMS Prize for Teaching OR/MS Practice (International) 2022, INFORMS
2022 Excellence in Research Award, MTSM, NJIT
2022 Excellence in Teaching Award, MTSM, NJIT
2022 Master Teacher Designation (the highest teaching recognition at NJIT), NJIT
2022 Poets & Quants' list of the 50 Best Undergraduate Professors (Nationally / Internationally), Poets & Quants
Office Hours
Appointments
Website
2024 Spring Courses
BDS 725 - INDEPENDENT STUDY I
MGMT 316 - BUSINESS RESEARCH METHODS
FIN 306 - BLOCKCHAIN TECH FOR BUSINESS
BDS 792B - PRE-DOCTORAL RESEARCH
BDS 790A - DOCTORAL DISSERTATION & RES
MGMT 316 - BUSINESS RESEARCH METHODS
FIN 306 - BLOCKCHAIN TECH FOR BUSINESS
BDS 792B - PRE-DOCTORAL RESEARCH
BDS 790A - DOCTORAL DISSERTATION & RES
Teaching Interests
FinTech, Business Data Analytics, Production and Operations Management, Supply Chain management, Inventory theory,
Business Analytics;
Transportation and Logistics,
Business Statistics, Business Modeling With Excel, ERP/ SAP, etc.
Business Analytics;
Transportation and Logistics,
Business Statistics, Business Modeling With Excel, ERP/ SAP, etc.
Past Courses
FIN 306: BLOCKCHAIN TECHNOLOGY FOR BUSINESS
FIN 310: DATA-DRIVEN FINANCIAL MODELING
MGMT 216: BUSINESS DATA ANALYTICS
MGMT 216: BUSINESS STATISTICS
MGMT 316: BUSINESS RESEARCH METHODS
MGMT 682: BUSINESS RESEARCH METHODS I
FIN 310: DATA-DRIVEN FINANCIAL MODELING
MGMT 216: BUSINESS DATA ANALYTICS
MGMT 216: BUSINESS STATISTICS
MGMT 316: BUSINESS RESEARCH METHODS
MGMT 682: BUSINESS RESEARCH METHODS I
Research Interests
Business Data Sciences, Supply Chain Management, FinTech, Operations Management, Container Shipping Logistics, Blockchain and Supply Chain; Inventory Management, Stochastic Modeling and Optimization, Revenue Management,
Interface between Supply Chain Management and Finance.
Interface between Supply Chain Management and Finance.
Journal Article
Wang, JianJun, & Dai, Zhongli, & Zhang, Wenxuan, & Shi, Junmin (2023). Operating room scheduling for non-operating room anesthesia with emergency uncertainty. Annals of Operations Research (ANOR), 321(1), 565-588.
El-Rayes, Nesreen, & Chang, Aichih Jasmine, & Shi, Junmin (2023). Plastic Management and Sustainability: A Data-Driven Study. Sustainability, 15(9),
Wang, Jian-Jun, & Zhang, Xinmou, & Shi, Junmin (2023). Hospital Dual-channel Adoption Decisions with Telemedicine Referral and Misdiagnosis. Omega, 119, 102875.
Yang, Jian, & Shi, Junmin (2023). Discrete-item Inventory Control involving Unknown Censored Demand and Convex Inventory Costs . Production and Operations Management (POMS), 32(1), 45-64.
Shi, Junmin (2022). Optimal Production/Inventory System Subject to Stock-Out Risk. Annals of Operations Research, 317, 777–804.
El-Rayes, Nesreen, & Chang, Aichih Jasmine, & Shi, Junmin (2023). Plastic Management and Sustainability: A Data-Driven Study. Sustainability, 15(9),
Wang, Jian-Jun, & Zhang, Xinmou, & Shi, Junmin (2023). Hospital Dual-channel Adoption Decisions with Telemedicine Referral and Misdiagnosis. Omega, 119, 102875.
Yang, Jian, & Shi, Junmin (2023). Discrete-item Inventory Control involving Unknown Censored Demand and Convex Inventory Costs . Production and Operations Management (POMS), 32(1), 45-64.
Shi, Junmin (2022). Optimal Production/Inventory System Subject to Stock-Out Risk. Annals of Operations Research, 317, 777–804.
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Conference Proceeding
A Paradigm Shift for Tackling the Plastic Crisis: A Data-Driven Study
DSI Annual Conference Proceeding 2022, January (1st Quarter/Winter) 2023
Plastic Crisis: A Business Data-Driven Study on the Evolution and Comparison of its Practice and Research
NEDSI Annual Conference Proceeding 2022, April (2nd Quarter/Spring) 2022
Blockchain Technology for Agricultural Value Chain
2022 POMS Annual Conference, April (2nd Quarter/Spring) 2022
DSI Annual Conference Proceeding 2022, January (1st Quarter/Winter) 2023
Plastic Crisis: A Business Data-Driven Study on the Evolution and Comparison of its Practice and Research
NEDSI Annual Conference Proceeding 2022, April (2nd Quarter/Spring) 2022
Blockchain Technology for Agricultural Value Chain
2022 POMS Annual Conference, April (2nd Quarter/Spring) 2022
Chapter
Yang, Jian, & Xia, Yusen , & Shi, Junmin (2015). A Game of Competitive Investment: Over-capacity and Under-learning, Supply Chain Management and Logistics: Innovative Strategies and Practical Solutions (Industrial and Systems Engineering Series). CRC Press: Supply Chain Management and Logistics: Innovative Strategies and Practical Solutions (Industrial and Systems Engineering Series)
Lee, C.F., & Shi, Junmin (2010). Application of alternative ODE in Finance and Economics research, Handbook of Quantitative Finance and Risk Management. Handbook of Quantitative Finance and Risk Management
Lee, C.F., & Shi, Junmin (2010). Application of alternative ODE in Finance and Economics research, Handbook of Quantitative Finance and Risk Management. Handbook of Quantitative Finance and Risk Management
Professional
Financial Innovation (FIN)
Editor, Senior Editor, 2021
Omega, The International Journal of Management Science
Editor, Associate Editor, 2021
INFORMS Annual Conference 2021
Chairperson, 2021
The 50th Annual Conference of the Operations Research Society of South Africa (ORSSA)
Chairperson, 2021
2021 INFORMS Conference on Service Science (ICSS2021)
Committee Member, 2021
2021 Post-Pandemic Supply Chain and Healthcare Management Conference
Committee Member, 2021
2021 Dana Knox Student Research Showcase
Committee Member, 2021
Editor, Senior Editor, 2021
Omega, The International Journal of Management Science
Editor, Associate Editor, 2021
INFORMS Annual Conference 2021
Chairperson, 2021
The 50th Annual Conference of the Operations Research Society of South Africa (ORSSA)
Chairperson, 2021
2021 INFORMS Conference on Service Science (ICSS2021)
Committee Member, 2021
2021 Post-Pandemic Supply Chain and Healthcare Management Conference
Committee Member, 2021
2021 Dana Knox Student Research Showcase
Committee Member, 2021