Directory

Jo Min

  • Associate Chair of Undergraduate Education
  • Associate Professor
  • Industrial & Manufacturing Systems Engineering

Main Office

3030 Black Engr
Ames, IA 50011-2164
Phone: 515-294-8095
Fax: 515-294-3524




Education

  • PhD,  Industrial Engineering and Operations Research, University of California-Berkeley, 1990
  • MS, University of California-Berkeley, Industrial Engineering and Operations Research, 1985
  • BS (Summa Cum Laude), University of California-Los Angeles, Math-Systems Science, 1984

Interest Areas

Dr. Min’s research areas are economic decisions under uncertainties (risk management, engineering valuation, real options), design of economic systems and policies, operational and strategic improvement in productivity. Application areas are in energy, materials, environmental, production, education, and government systems. Examples are: the planning of transmission networks under uncertainty (read the paper), the renewable power generation expansion, the management of closed-loop supply chains with remanufacturing, the environmental stewardship on emission control and product reuse, and educational, industrial, and governmental outcomes assessment and continuous improvement.” Dr. Min, with Dr. Jackman, recently started an NSF project titled, “Critical Life-Cycle Decision Making in Complex Engineering Projects for Engineering Economy Courses” (see more details at http://www.nsf.gov/awardsearch/showAward?AWD_ID=1504912&HistoricalAwards=false).

Selected Publications

  • Shi, W. and K. J. Min, 2015, “Remanufacturing Decisions and Implications under Material Cost Uncertainty,” International Journal of Production Research – Special Issue on Green Manufacturing, Vol. 53, pp. 6421-6435.”
  • Shi, W. and K. J. Min, “Product Remanufacturing and Replacement Decisions Under Operations and Maintenance Cost Uncertainties,” The Engineering Economist – Special Issue on Engineering Economics in Reliability, Replacement and Maintenance, Part 1, Vol. 59, pp. 154-174, 2014.
  • Shi, W. and K. J. Min, “Product Remanufacturing: A Real Options Approach,” IEEE Transactions on Engineering Management, Vol. 61, pp. 237-250, 2014.
  • Min, K. J., J. Jackman, and D. Gemmill, “Assessment and Evaluation of Objectives and Outcomes for Continuous Improvement of an Industrial Engineering Program,” International Journal of Engineering Education, Vol. 29, pp. 520-532, 2013.
  • Wang, C. and K. J. Min, “Electric Power Plant Valuation Based on Day-Ahead Spark Spreads,” The Engineering Economist, Vol. 58, pp. 157-178, 2013; An accompanying article in IE Magazine (2013).
  • Daniel, S., C. Lou, and K. J. Min, “Economic Models for Cogeneration Facilities and Host Utilities under the Right to Sell Provision,” Electric Power Systems Research, Vol. 103 pp. 214– 222,2013.
  • Shi, W. and K. J. Min, “A Study of Product Weight and Collection Rate in Closed-Loop Supply Chains with Recycling,” IEEE Transactions on Engineering Management, Vol. 60, pp. 409-423, 2013.
  • Min, K. J., C. Lou, and C. Wang, “An Exit and Entry Study of Renewable Power Producers: A Real Options Approach,” Engineering Economist, vol. 57, pp. 55-75, 2012An accompanying article in IE Magazine (2012).
  • Wang, C. and K. J. Min, “Improving Financial Performance with Hedging Via Forwards for Electric Power Generation Companies,” Engineering Economist, Vol. 55, pp. 246–267, 2010; An accompanying article in IE Magazine (2010). An accompanying article in IE Magazine (2010).
  • Wang, C. and K. J. Min, “Short-Term Electric Power Trading Strategies for Portfolio Optimization,” The Engineering Economist, Special Issue on Energy Economics, Vol. 53, pp. 365-379, 2008.
  • Li, J., K. J. Min, T. Otake, and Van Voorhis, “Inventory and Investment in Setup and Quality Operations under Return on Investment Maximization,” European Journal of Operational Research, Vol. 185, pp. 593-605, 2008.
  • Wang, C. and K. J. Min, “Electric Power Generation Planning for Inter-Related Projects: A Real Options Approach,” IEEE Transactions on Engineering Management, Vol. 53, pp. 312-322, 2006.”