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Daniels School Faculty

Zhan Pang

Zhan Pang

Professor of Management

CV

Dr Zhan Pang is Professor of Management and Purdue University Faculty Scholar in Supply Chain and Operations Management (SCOM) within the Business School, where he also serves as the faculty coordinator for the SCOM discipline in the Management PhD Program. Prior to joining Purdue, he held faculty appointments at the City University of Hong Kong and Lancaster University, served as an adjunct professor at the Norwegian School of Economics (NHH), and held research fellowships at the University of Calgary, the University of Cambridge, and the University of Toronto.

Research
Dr. Pang’s research focuses on the theories and methodologies of statistical learning and decision theory, with applications spanning mechanism design, healthcare delivery, supply chain and logistics, cloud computing, renewable energy and the circular economy, financial risk management, and pricing and revenue management. He serves as a Senior Editor for Production and Operations Management , associate editor for IISE Transactions, and co-editor of Journal of Blockchain Research.  

Prospective PhD Students
Dr. Pang is actively recruiting highly motivated, self-driven PhD students who have a strong foundation in mathematics and statistics and keen research interests in statistical learning and decision theory.

Teaching
He teaches courses in Operations Management, Supply Chain Management, Logistics, Strategic Sourcing and Procurement, Operations Analytics, and Supply Chain and Operations Analytics Consulting. Named a 2023–2024 Experiential Education Champion, Dr. Pang bridges classroom theory and industry practice by partnering with global corporations to integrate live, project-based consulting challenges into his courses.

Industry Engagement
Drawing on an extensive background as an entrepreneur and management consultant, Dr. Pang has established research and experiential learning partnerships at Purdue with leading corporations including Dow Chemical, Corteva, and Wabash. He served on the Board of Directors for China Titans Energy Technology Group Co., Ltd. (2015–2023) and was appointed a Purdue Innovation and Entrepreneurship Fellow (2021–2025).

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 |

Forthcoming Publications

  • Jiang H, Pang Z, Savin S (2025). "Horizontal consolidation in healthcare markets: Can performance incentives preserve access to care?" Production and Operations Management
  • Pang Zhan, Wang Shuming, Zhao Jia (2025). "Wasserstein Risk-Sensitive Appointment Scheduling under Delay Constraints." INFORMS Journal of Computing
  • Wang C-H, Pang Z (2025). "Optimistic online learning and dynamic pricing."
  • 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."

Contact

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

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