Kyung (Jo) Min


John B. Slater Fellow in Sustainable Design & Manufacturing, Associate Professor
Associate Chair of Undergraduate Education
Industrial & Manufacturing Systems Engineering


3030 Black Engr
2529 Union Dr
Ames, IA 50011-2030




  • 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, 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. For example, with Dr. MacKenzie, Dr. Min is conducting a project on solar and wind energy using engineering economics theory (SWEEET at Other examples can be found here and here.


Kucuksayacigil, F. and K. J. Min, 2021, “The value of jumboization in transportation ships: A real options approach,” IISE Transactions, Design and Manufacturing, (online published).

Min, K. J. and J. Jackman, 2021, “Real Option-Based Decision Model for Fuel Saving Devices in Transportation Vehicles under Flexible Design,” accepted by The Engineering Economist.

Kucuksayacigil, F. and K. J. Min, 2021, “A Lattice Method for Jump-Diffusion Process Applied to Transmission Expansion Investments under Demand and Distributed Generation Uncertainties,” Energy Systems, Vol. 12, pp. 773-800.

Min, K. J., L. Lilienkamp, J. Jackman, and C. Wang, 2020, “Supply Contracts for Technology-Oriented Critical Materials of High Volatility and Their Ramifications for Supply Chains,” The Engineering Economist, Vol. 65, pp. 266-287.

Zhao, Z. and K. J. Min, 2020, “Traceability Valuation in Blockchain-Based Supply Chains for Perishable Agricultural Products Under Demand Uncertainty,” International Journal of Operations Research and Information System, Vol. 11, pp. 1-32.

Wang, C. H. and K. J. Min, 2020, “Transition from Coal-Based to Natural Gas-Based Power Plants under Market-Based Permits for Carbon Dioxide Emission: A Real Options Approach,” International Journal of Sustainable Economy, Vol. 12, pp. 344-363.

Malladi, S., W. Shi, Z. Zhao, and K. J. Min, 2020, “The Impacts of Product Life and Recyclability on Landfill Disposal in Closed Loop Supply Chains,” International Journal of Sustainable Economies Management, Vol. 9, pp. 59-77.

Kucuksayacigil, F. and K. J. Min, 2018, “Expansion Planning for Transmission Network under Demand Uncertainty: A Real Options Framework,” The Engineering Economist, Vol. 63, pp. 20-53.

Shi, W., Tianke Feng, and K. J. Min, 2016, “Remanufacturing Decision and Sustainability Under Product Life Cycle Uncertainty,” The Engineering Economist – Special Issue on Engineering Economics and Sustainable Systems, Vol. 61, pp. 223-243.

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.