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Purdue Mitch Daniels School of Business logo

Daniels School Faculty

Zhan Pang

Zhan Pang

Lewis B. Cullman Rising Star Professor of Management

Education

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

CV

Dr. Pang is Lewis B. Cullman Rising Star Professor of Management at Purdue Business, Purdue University Faculty Scholar,  and  Purdue Innovation and Entrepreneurship Fellow.   He is the coordinator of the doctoral program in Supply Chain and Operations Management (SCOM) at Krannert.   

Research: His research interests include statistical learning and decision theory, healthcare delivery systems, supply chain risk management, and pricing and revenue management. He is a senior editor for Production and Operations Management , associate editor for IISE Transactions, and a founding editor of Journal of Blockchain Research. 

Teaching: He teaches Operations Management, Supply Chain Management, Logistics, and Strategic Sourcing and Procurement.  He was named as one of Purdue's Experiential Education Champions for 2023-2024.  To facilitate experiential learning,  he formed partnerships with many world-leading corporations and created real-world projects as course projects in the class, which integrated classroom learning and corporate project based experiential learning and allow students to be exposed to the real world challenges and apply what they learn in the class to the real world problems.   

Industry Experience: He has rich industry experience as entrepreneur and management consultant. Since he joined Purdue, he has formed research and experiential learning partnerships with many corporations including Dow Chemical, Corteva and Wabash. He is also working closely with healthcare service organizations including a non-for-profit home healthcare service provider to help them improve efficiency and quality of care.  He as served the board of directors for China Titans Energy Technology Group Co., Ltd. from 2015-2023. As one of Purdue's Innovation and Entrepreneurship Fellows, he works with other fellows across campus to help connect Purdue innovators with novel paths for entrepreneurship and commercialization to take the innovations to the world. 

PhD Student Recruitment:  I am looking for highly motivated and self-driven PhD students with solid foundations in mathematics and statistics and strong interests in Statistical Learning and Stochastic Dynamic Optimization, and Data and Decision Sciences. Research topics include but not limited to healthcare operations management and health policies, supply chain operations and risk management, smart mobility service operations, and blockchain and crytocurrancies.  Interested students are welcome to get in touch with me and submit your application to the SCOM PhD proram. 

Journal Articles

  • Li D, Pang Z, Qian L (2023). "Bid-price controls for car rental network revenue management." Production and Operations Management vol. 32 (1), 261-282. | Related Website |
  • Pang Z, Xiao YX (2023). "Inventory control under corporate income tax and accrual accounting." IISE Transactions vol. 55 (8), 833-845. | Related Website |
  • Qian LX, Pang Z, Soopramanien D (2022). "Influences of car sharing and car license plate lottery policy on consumer preference and accessibility in urban mobility system: A stated choice experiment in Beijing." Journal of Cleaner Production vol. 362 | Related Website |
  • Pang Z, Zhao XY, Xiao WQ (2021). "Preorder price guarantee in e-commerce." Manufacturing and Service Operations Management vol. 23 (1), | Related Website |
  • Liu J, Pang Z, Qi LQ (2020). "Dynamic pricing and inventory management with demand learning: A Bayesian Approach." Computers & Operations Research vol. 124 105078. | Related Website |
  • Jiang H, Pang Z, Savin S (2020). "Performance incentives and competition in healthcare markets." Production and Operations Management vol. 29 (5), 1145-1164. | Related Website |
  • Kouvelis P, Pang Z, Ding Q (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 X, Gao XY, Pang Z (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 D, Pang Z (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 Y, Pang Z (2017). "Smart data pricing: The value of shared data plans." Service Science vol. 8 (4), 386-405. | Related Website |
  • Del Granado PC, Pang Z, Wallace S (2017). "Synergy of smart grids and hybrid distributed generation on the value of energy storage." Applied Energy vol. 170 476-488. | Related Website |
  • Del Granado PC, Pang Z, Wallace S (2016). "The impact of wind uncertainty on the strategic valuation of distributed electricity storage." Computational Management Science vol. 13 (1), 5-27. | Related Website |
  • Zhao X, Pang Z, Stecke KE (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 |
  • Pang Z (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 |
  • Pang Z, Berman O, Hu M (2015). "Up then down: Bid-price trends in revenue management." Production and Operations Management vol. 24 (7), 1135-1147. | Related Website |
  • Pang Z, Chen FY (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 |
  • Chen X, Pang Z, Pan LM (2014). "Coordinating inventory control and pricing strategies for perishable products." Operations Research vol. 62 (2), 284-300. | Related Website |
  • Pang Z, Shen HC, Cheng TCE (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 |
  • Del Granado PC, Wallace S, Pang Z (2014). "The value of electricity storage in domestic homes: A smart grid perspective." Energy Systems vol. 5 (2), 211-232. | Related Website |
  • Pang Z, Chen FY, Feng YY (2012). "On the structure of joint inventory-pricing control with leadtimes." Operations Research vol. 60 (3), 581-587. | Related Website |
  • Jiang H, Pang Z, Savin S (2012). "Performance-based contracts for outpatient medical services." Manufacturing and Service Operations Management vol. 14 (4), 654-669. | Related Website |
  • Chen LX, Chen FY, Pang Z (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 |
  • Rao L, Liu X, Xie L, Pang Z (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 |
  • Jiang H, Pang Z (2011). "Network capacity management under competition." Computational Optimization and Applications vol. 50 (2), 287-326. | Related Website |
  • Pang Z (2011). "Optimal dynamic pricing and inventory control with stock deterioration and partial backordering." Operations Research Letters vol. 39 (5), 375-379. | Related Website |
  • Shen HC, Pang Z, Cheng TCE (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 |
  • Feng YY, Pang Z (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 YY, Ou JH, Pang Z (2008). "Optimal control of price and production in an assemble-to-order system." Operations Research Letters vol. 36 (4), 506-512. | Related Website |
  • Jiang H, Pang Z, Savin S (2024). "Horizontal consolidation in healthcare markets: Can performance incentives preserve access to care?"
  • Pang Z, Qi L (2024). "Information disclosure and pay for performance in hospital markets."
  • Pang Z, Qi L (2024). "Information disclosure and payment incentives in hospital markets under quality competition."
  • Feng Y, Pang Z (2024). "On the optimality of modified (generalized) (s, S) policies for capacitated inventory systems."
  • Pang Z, Qi L (2024). "Price competition in service markets: A rational expectations equilibrium approach."
  • Pang Z, Xiao Y, Zhao X, J Zhang (2024). "Pricing and information control for new products with online product review."
  • Pang Z, Yang QL (2024). "Risk references in a cumulative prospect theoretic paradigm: A robust elicitation approach."
  • Wang C-H, Pang Z (2024). "Thompson Sampling for Convex Bandits: Optimism from convexity."
  • Pang Z, Wang S, Zhao J (2024). "Wasserstein Risk-Sensitive Appointment Scheduling under Delay Constraints."

Contact

zpang@purdue.edu
Phone: (765) 494-4489
Office: KRAN 505