Prof. Panos Kouvelis

Prof. Panagiotis Kouvelis

Olin Business School

Washington University in St. Louis, USA

Professor for Operations and Manufacturing Management



1988 Ph.D., Industrial Engineering and Engineering Management, Stanford University, USA

1985 M.S., Business Administration and Industrial and Systems Engineering, University of Southern California, USA

1983 B.S., Mechanical Engineering, National Technical University of Athens, Greece


Books, Book Chapters, Dissertation

  1. Kouvelis, P.; Boyabatli, O.; Dong, L.; Li, R. (2012) Handbook of Integrated Risk Management in Global Supply Chains, Wiley, New York.
  2. Kouvelis, P.; Su, P. (2007) On the Structure of Global Supply Chains: The Design and Location of Sourcing, Production and Distribution Facility Networks for Global Markets, Research Monograph for book series on Foundations and Trends in Technology, Information and Operations Management, NOW, Boston-Delft.
  3. Dornier, P. P.; Ernst, R.; Fender, M.; Kouvelis, P. (1998) Global Operations and Logistics: Text and Cases, Wiley, New York.
  4. Kouvelis, P.; Yu, G. (1997) Robust Discrete Optimization and its Applications, Research monograph for book series on Non-Convex Optimization and Its Applications, Dordrecht, The Netherlands, Kluwer.


  1. Kouvelis, P.; Zhao, W. (2016) Supply Contract Design under Financial Constraints and Bankruptcy Costs, Management Sci., 62(8), 2341-2357.
  2. Bolandifar, E.; Kouvelis, P.; Zhang, F. (2016) Delegation versus Control in Supply Chain Procurement and Competition, Prod Oper Manage, 25(9), 1528-1541.
  3. Ding. Q.; Kouvelis, P.; Milner, J. (2016) Inventory Rationing for Multiple Class Demand Under Continuous Review, Prod Oper Manage 25(8), 1344-1362.
  4. Kouvelis, P.; Xiao, Y.; Yang, N. (2015) PBM Competition in Pharmaceutical Supply Chain: Formulary Design and Drug Pricing, Manuf Serv Oper Manage 17(4), 511-526.
  5. Turcic, D.; Kouvelis, P.; Bolandifar, E. (2015) Hedging Commodity Procurement in a Bilateral Supply Chain, Manuf Serv Oper Manage, 17(2), 221-235.
  6. Dong, L.; Kouvelis, P.; Wu, X. (2014) The Value of Operational Flexibility in the Presence of Input and Output Uncertainties with Oil Refining Applications, Management Sci., 60(12), 2908-2926.
  7. Tang, Y.; Kouvelis, P. (2014) Pay-Back-Revenue Sharing Contract in Coordinating Supply Chains with Random Yield, Prod Oper Manage, 23(12), 2089-2102.
  8. Kouvelis, P.; Tian, Z. (2014) Flexible Capacity Investments and Product Mix: Optimal Decisions and Value of Postponement Options, Prod Oper Manage, 23(5), 861-876.
  9. Kouvelis, P.; Li, R.; Ding, Q. (2013) Inventory Management and Financial Hedging of Storable Commodities, Manuf Serv Oper Manage, 15(3), 507-521.
  10. Wu, X.; Kouvelis, P.; Matsuo, H. (2013) Horizontal Capacity Coordination for Risk Management and Flexibility: Pay Ex Ante or Commit a Fraction of Ex-Post Demand, Manuf Serv Oper Manage, 15(3), 458-472.
  11. Kouvelis, P.; Munson, C. L.; Yang, S. (2013) Robust Structural Equations for Designing and Monitoring Strategic International Facility Networks, Prod Oper Manage, 22(3), 535-554.
  12. Kouvelis, P.; Li, J. (2013) Off-shore Outsourcing, Yield Uncertainty and Contingency Responses, Prod Oper Manage, 22(1), 164-177.
  13. Kouvelis, P.; Zhao, W. (2012) Financing the Newsvendor: Supplier vs. Bank, and the Structure of Optimal Trade Credit Contracts, Oper Res, 60(3), 566-580.
  14. Kouvelis, P.; Tang, Y. (2012) On Optimal Expediting Policy for Supply Systems with Uncertain Lead Times, Prod Oper Manage, 21(2), 309-330.
  15. Kouvelis, P.; Li, J. (2012) Contingency Strategies in Managing Supply Systems with Uncertain Lead Times, Prod Oper Manage, 21(1), 161–176.
  16. Kouvelis, P.; Zhao, W. (2012) The Newsvendor Problem and Price-only Contract When Bankruptcy Costs Exist, Prod Oper Manage, 20(6), 921–936.
  17. Tang, Y.; Kouvelis, P., (2011) Supplier Diversification Strategies in the Presence of Yield Uncertainty and Buyer Competition, Manuf Serv Oper Manage, 13(4), 439-451.
  18. Chayet, S.; Kouvelis, P. and Yu, D. Z. (2011) Product Variety and Congested Production Systems: Capacity Investments and Vertical Differentiation, Manuf Serv Oper Manage, 13(3), 390–403.
  19. Dong, L.; Kouvelis, P.; Su, P., (2010) Global Facility Network Design with Responsive Pricing, Manuf Serv Oper Manage, 12(2), 278–298.
  20. Dong, L.; Kouvelis, P.; Tian, Z. (2009) Dynamic Pricing and Inventory Control of Substitute Products, Manuf Serv Oper Manage, 11(2), 317–339.
  21. Xia, Y.; Chen, B.; Kouvelis, P. (2008) Market-based Supply Chain Coordination by Matching Suppliers Cost Structures with Buyers’ Order Profiles, Management Sci, 54(11), 1861-1875.
  22. Kouvelis, P.; Li, J. (2008) Flexible Backup Supply and the Management of Lead Time Uncertainty, Prod Oper Manage, 17(2), 184–199.