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{{short description|American mathematician}} | {{short description|Indian-American mathematician}} | ||
{{Multiple issues| | |||
{{BLP sources|date=April 2023}} | |||
{{Third-party|date=April 2023}} | |||
}} | |||
{{Infobox scientist | {{Infobox scientist | ||
|name = Suresh P. Sethi | | name = Suresh P. Sethi | ||
|image = Suresh-sethi-1.JPG | | image = Suresh-sethi-1.JPG | ||
|image_size = 200px | | image_size = 200px | ||
|fields = [[Operations | | citizenship = [[United States]] | ||
|workplaces =[[University of Texas at Dallas]] | | fields = [[Operations management]], [[optimal control]], [[Manufacturing]], [[Operations Research]], [[Finance]], [[Economics]], [[Marketing]],[[Industrial Engineering]], [[Optimal Control]] | ||
|alma_mater = [[Carnegie Mellon University]]<br/>[[Washington State University]]<br/>[[IIT Bombay]] | | workplaces = [[University of Texas at Dallas]], [[University of Toronto]], [[Rice University]], [[Weyerhaeuser Company]], [[Omark Industries]], [[Hindustan Motors]], [[Bhilai Steel Plant]] | ||
|doctoral_advisor = Gerald L. Thompson | | patrons = [[Eugene McDermott]] | ||
| | | alma_mater = [[Carnegie Mellon University]]<br/>[[Washington State University]]<br/>[[IIT Bombay]] | ||
| thesis_title = Applications of Optimal Control Theory in Management Science and Economics | |||
| doctoral_advisor = [[Gerald L. Thompson]], Timothy McGuire, Charles Newman, | |||
| academic_advisors = [[George Dantzig]] | |||
| notable_students = [[Subodha Kumar]], | |||
Steef van de Velde | |||
| known_for = [[Sethi model]], [[Sethi-Skiba point]], [[K-convexity in Rn]] | |||
| website = http://www.utdallas.edu/~sethi | |||
| prizes = [[Society for Industrial and Applied Mathematics]] Fellow <small>(2009)</small>, [[IIT Bombay]] Distinguished Alum <small>(2008)</small> | |||
}} | }} | ||
'''Suresh P. Sethi''' is an [[Indian-American]] mathematician who is the Eugene McDermott Chair of [[operations management|Operations Management]] and Director of the Center for Intelligent Supply Networks at the [[University of Texas at Dallas]]. | |||
'' | He has worked as departmental editor of ''[[Production and Operations Management]]'',<ref>{{cite web | url=https://journals.sagepub.com/editorial-board/pao | title=Editorial Board: Production and Operations Management }}</ref> corresponding editor of ''[[SIAM Journal on Control and Optimization]]'', and associate editor of [[Operations Research (journal)|''Operations Research'']], ''[[Manufacturing & Service Operations Management]]'', and ''[[Automatica]]''. | ||
==Education== | |||
Sethi received his PhD in operations research from [[Carnegie Mellon University]] and was a post-doctoral fellow at [[Stanford University]] under the supervision of [[George B. Dantzig]]. He obtained a [[Bachelor of Technology|B.Tech.]] with honors in [[mechanical engineering|Mechanical Engineering]] from the [[Indian Institute of Technology Bombay]], a [[Master of Science|M.S.]] in [[Industrial administration|Industrial Administration]] from [[Carnegie Mellon University]], and a [[Master of Business Administration]] from [[Washington State University]].<ref name="webpage">{{Cite web |title=Dr. Suresh Pal Sethi |url=https://acr.iitbombay.org/awards/dr-suresh-pal-sethi-3/ |access-date=2024-08-01 |website=Indian Institute of Technology Bombay |language=en-US}}</ref> | |||
== Published books == | |||
*{{Cite book |url=https://link.springer.com/book/10.1007/978-3-319-98237-3 |title=Optimal Control Theory |date=2019 |doi=10.1007/978-3-319-98237-3 |language=en |last1=Sethi |first1=Suresh P. |isbn=978-3-319-98236-6 }} | |||
*{{Cite book |url=https://link.springer.com/book/10.1007/978-94-017-3028-0 |title=Solutions Manual for Optimal Control Theory |date=1981 |language=en |doi=10.1007/978-94-017-3028-0 |last1=Sethi |first1=Suresh P. |last2=Thompson |first2=Gerald L. |doi-broken-date=1 July 2025 |isbn=978-0-89838-074-3 }} | |||
*{{Cite book |url=https://link.springer.com/book/10.1007/978-1-4612-0285-1 |title=Hierarchical Decision Making in Stochastic Manufacturing Systems |date=1994 |language=en |doi=10.1007/978-1-4612-0285-1 |last1=Sethi |first1=Suresh P. |last2=Zhang |first2=Qing |isbn=978-1-4612-6694-5 }} | |||
*{{Cite book |url=https://link.springer.com/book/10.1007/978-1-4615-6257-3 |title=Optimal Consumption and Investment with Bankruptcy |date=1997 |doi=10.1007/978-1-4615-6257-3 |language=en |last1=Sethi |first1=Suresh P. |isbn=978-1-4613-7871-6 }} | |||
*{{Cite book |url=https://link.springer.com/book/10.1007/0-387-29903-3 |title=Optimal Control Theory |date=2000 |doi=10.1007/0-387-29903-3 |isbn=0-387-28092-8 |language=en}} | |||
*{{Cite book |url=https://link.springer.com/book/10.1007/0-387-27615-7 |title=Average-Cost Control of Stochastic Manufacturing Systems |series=Stochastic Modelling and Applied Probability |date=2005 |volume=54 |doi=10.1007/0-387-27615-7 |isbn=0-387-21947-1 |language=en}} | |||
*{{Cite book |url=https://link.springer.com/book/10.1007/b135819 |title=Inventory and Supply Chain Management with Forecast Updates |series=International Series in Operations Research & Management Science |date=2005 |volume=81 |doi=10.1007/b135819 |isbn=978-1-4020-8123-1 |language=en |last1=Sethi |first1=Suresh P. |last2=Yan |first2=Houmin |last3=Zhang |first3=Hanqin }} | |||
*{{Cite book |url=https://link.springer.com/book/10.1007/0-387-70988-6 |title=Throughput Optimization in Robotic Cells |series=International Series in Operations Research & Management Science |date=2007 |volume=101 |doi=10.1007/0-387-70988-6 |isbn=978-0-387-70987-1 |language=en}} | |||
*{{Cite book |url=https://link.springer.com/book/10.1007/978-0-387-71604-6 |title=Markovian Demand Inventory Models |series=International Series in Operations Research & Management Science |date=2010 |volume=108 |doi=10.1007/978-0-387-71604-6 |isbn=978-0-387-56563-7 |language=en |last1=Beyer |first1=Dirk |last2=Cheng |first2=Feng |last3=Sethi |first3=Suresh P. |last4=Taksar |first4=Michael }} | |||
*{{Cite book |url=https://link.springer.com/book/10.1007/978-1-4471-2321-7 |title=Industrial Engineering: Innovative Networks |date=2012 |doi=10.1007/978-1-4471-2321-7 |isbn=978-1-4471-2320-0 |language=en |editor-last1=Sethi |editor-last2=Bogataj |editor-last3=Ros-Mcdonnell |editor-first1=Suresh P. |editor-first2=Marija |editor-first3=Lorenzo }} | |||
== | ==Research works== | ||
Suresh Sethi | Sethi's publications have been cited 31850 times in total, with 86 [[h-index]] and 334 [[i10-index]].<ref>{{Cite web |title=Suresh Sethi |url=https://scholar.google.com/citations?user=m5rvcIIAAAAJ&hl=en |access-date=2024-08-21 |website=scholar.google.com}}</ref> He has contributed in the fields of [[manufacturing]]<ref>{{cite book | doi=10.1007/978-1-4612-0285-1 | title=Hierarchical Decision Making in Stochastic Manufacturing Systems | year=1994 | last1=Sethi | first1=Suresh P. | last2=Zhang | first2=Qing | isbn=978-1-4612-6694-5 }}</ref> and [[operations management]],<ref>{{Cite journal |last1=Haruvy |first1=Ernan |last2=Sethi |first2=Suresh P. |last3=Zhou |first3=Jing |date= 2008|title=Open Source Development with a Commercial Complementary Product or Service |url=http://journals.sagepub.com/doi/10.3401/poms.1070.0004 |journal=Production and Operations Management |language=en |volume=17 |issue=1 |pages=29–43 |doi=10.3401/poms.1070.0004 |issn=1059-1478|url-access=subscription }}</ref><ref>{{cite book | doi=10.1007/978-0-387-71604-6 | title=Markovian Demand Inventory Models | series=International Series in Operations Research & Management Science | year=2010 | volume=108 | isbn=978-0-387-56563-7 }}</ref> [[finance]]<ref>{{cite book | doi=10.1007/978-1-4615-6257-3 | title=Optimal Consumption and Investment with Bankruptcy | year=1997 | last1=Sethi | first1=Suresh P. | isbn=978-1-4613-7871-6 }}</ref> and [[economics]],<ref>{{cite journal | doi=10.1073/pnas.0708030104 | title=Optimal savings and the value of population | year=2007 | last1=Arrow | first1=Kenneth J. | last2=Bensoussan | first2=Alain | last3=Feng | first3=Qi | last4=Sethi | first4=Suresh P. | journal=Proceedings of the National Academy of Sciences | volume=104 | issue=47 | pages=18421–18426 | pmid=17984059 | pmc=2141792 | bibcode=2007PNAS..10418421A | doi-access=free }}</ref><ref>{{cite book | doi=10.4324/9780203844557 | title=Optimal Control of Age-structured Populations in Economy, Demography, and the Environment | year=2013 | isbn=9781136920936 | editor-last1=Boucekkine | editor-last2=Hritonenko | editor-last3=Yatsenko | editor-first1=Raouf | editor-first2=Natali | editor-first3=Yuri }}</ref> [[marketing]],<ref>{{cite journal | doi=10.1002/oca.4660040207 | title=Deterministic and stochastic optimization of a dynamic advertising model | year=1983 | last1=Sethi | first1=Suresh P. | journal=Optimal Control Applications and Methods | volume=4 | issue=2 | pages=179–184 | s2cid=123673289 }}</ref> [[industrial engineering]],<ref>{{cite book | doi=10.1007/0-387-70988-6 | title=Throughput Optimization in Robotic Cells | series=International Series in Operations Research & Management Science | year=2007 | volume=101 | isbn=978-0-387-70987-1 | s2cid=60059332 }}</ref><ref>{{cite book | doi=10.1007/978-1-4471-2321-7 | title=Industrial Engineering: Innovative Networks | year=2012 | isbn=978-1-4471-2320-0 | editor-last1=Sethi | editor-last2=Bogataj | editor-last3=Ros-Mcdonnell | editor-first1=Suresh P. | editor-first2=Marija | editor-first3=Lorenzo }}</ref> [[operations research]],<ref>{{cite journal | doi=10.1287/moor.13.2.295 | title=Concepts of Forecast and Decision Horizons: Applications to Dynamic Stochastic Optimization Problems | year=1988 | last1=Bes | first1=C. | last2=Sethi | first2=S. P. | journal=Mathematics of Operations Research | volume=13 | issue=2 | pages=295–310 | s2cid=5840100 }}</ref> and [[optimal control]].<ref>{{cite journal | doi=10.1111/j.1937-5956.2011.01187.x | title=Suresh P. Sethi | journal=Production and Operations Management | year=2011 | volume=20 | issue=6 | pages=xi-xii }}</ref> He is known for his developments of the [[Sethi advertising model]] and [[Sethi-Skiba point]], and for his textbook on [[optimal control]].<ref name="thompson00">Sethi, S.P. and Thompson, G.L., ''Optimal Control Theory: Applications to Management Science and Economics'', Second Edition, Springer, 2000. {{ISBN|0-387-28092-8}} and {{ISBN|0-7923-8608-6}}.</ref> | ||
=== Notable works === | |||
Sethi is known for his accomplishments in unifying many theories and concepts in [[Sethi model]], [[Sethi-Skiba point]], [[K-convexity in Rn]] Decision and Forecast Horizons,<ref>{{Cite journal |last1=Rempala |first1=Ryszarda |last2=Sethi |first2=Suresh |date=July 1992 |title=Decision and forecast horizons for one-dimensional optimal control problems: Existence results and applications |url=https://onlinelibrary.wiley.com/doi/10.1002/oca.4660130302 |journal=Optimal Control Applications and Methods |language=en |volume=13 |issue=3 |pages=179–192 |doi=10.1002/oca.4660130302 |issn=0143-2087|url-access=subscription }}</ref> and Supply Chain Coordination with Risk Averse Agents.<ref>{{Cite journal |last1=Gan |first1=Xianghua |last2=Sethi |first2=Suresh P. |last3=Yan |first3=Houmin |date=June 2004 |title=Coordination of Supply Chains with Risk-Averse Agents |url=http://journals.sagepub.com/doi/10.1111/j.1937-5956.2004.tb00150.x |journal=Production and Operations Management |language=en |volume=13 |issue=2 |pages=135–149 |doi=10.1111/j.1937-5956.2004.tb00150.x |issn=1059-1478|url-access=subscription }}</ref> | |||
==== Sethi model==== | |||
The [[Sethi model]] describes the process of how sales evolve over time in response to [[advertising]]. The model assumes that the rate of change in sales depend on three effects: response to advertising that acts positively on the unsold portion of the market, the loss due to forgetting or possibly due to competitive factors that act negatively on the sold portion of the market, and a random effect that can go either way.{{cn|date=August 2024}} The following are related journal publications over the years that established and generalized Sethi model. | |||
*{{Cite journal |last=Sethi |first=Suresh P. |date=April 1983 |title=Deterministic and stochastic optimization of a dynamic advertising model |url=https://onlinelibrary.wiley.com/doi/10.1002/oca.4660040207 |journal=Optimal Control Applications and Methods |language=en |volume=4 |issue=2 |pages=179–184 |doi=10.1002/oca.4660040207 |issn=0143-2087|url-access=subscription }} | |||
*{{Cite journal |last1=Kennedy |first1=Adrian Patrick |last2=Sethi |first2=Suresh P. |last3=Siu |first3=Chi Chung |last4=Yam |first4=Sheung Chi Phillip |date=November 2021 |title=Cooperative Advertising in a Dynamic Three-Echelon Supply Chain |url=https://journals.sagepub.com/doi/10.1111/poms.13487 |journal=Production and Operations Management |language=en |volume=30 |issue=11 |pages=3881–3905 |doi=10.1111/poms.13487 |issn=1059-1478|url-access=subscription }} | |||
*{{Cite journal |last1=Bass |first1=Frank M. |last2=Krishnamoorthy |first2=Anand |last3=Prasad |first3=Ashutosh |last4=Sethi |first4=Suresh P. |date=November 2005 |title=Generic and Brand Advertising Strategies in a Dynamic Duopoly |url=https://pubsonline.informs.org/doi/10.1287/mksc.1050.0119 |journal=Marketing Science |language=en |volume=24 |issue=4 |pages=556–568 |doi=10.1287/mksc.1050.0119 |issn=0732-2399|url-access=subscription }} | |||
# Naik, P. A.; Prasad, A.; Sethi, S. P. (2008). "[[doi:10.1287/mnsc.1070.0755|Building Brand Awareness in Dynamic *{{Cite journal |last1=Naik |first1=Prasad A. |last2=Prasad |first2=Ashutosh |last3=Sethi |first3=Suresh P. |date=January 2008 |title=Building Brand Awareness in Dynamic Oligopoly Markets |url=https://pubsonline.informs.org/doi/10.1287/mnsc.1070.0755 |journal=Management Science |language=en |volume=54 |issue=1 |pages=129–138 |doi=10.1287/mnsc.1070.0755 |issn=0025-1909|url-access=subscription }} | |||
*{{Cite journal |last1=Prasad |first1=Ashutosh |last2=Sethi |first2=Suresh P. |date=2009-03-01 |title=Integrated marketing communications in markets with uncertainty and competition |url=https://linkinghub.elsevier.com/retrieve/pii/S0005109808004810 |journal=Automatica |volume=45 |issue=3 |pages=601–610 |doi=10.1016/j.automatica.2008.09.018 |issn=0005-1098|url-access=subscription }} | |||
*{{Cite journal |last1=He |first1=Xiuli |last2=Prasad |first2=Ashutosh |last3=Sethi |first3=Suresh P. |date=January 2009 |title=Cooperative Advertising and Pricing in a Dynamic Stochastic Supply Chain: Feedback Stackelberg Strategies |url=http://journals.sagepub.com/doi/10.1111/j.1937-5956.2009.01006.x |journal=Production and Operations Management |language=en |volume=18 |issue=1 |pages=78–94 |doi=10.1111/j.1937-5956.2009.01006.x |issn=1059-1478|url-access=subscription }} | |||
*{{Cite journal |last1=Bensoussan |first1=Alain |last2=Chen |first2=Shaokuan |last3=Chutani |first3=Anshuman |last4=Sethi |first4=Suresh P. |last5=Siu |first5=Chi Chung |last6=Phillip Yam |first6=Sheung Chi |date=January 2019 |title=Feedback Stackelberg--Nash Equilibria in Mixed Leadership Games with an Application to Cooperative Advertising |url=https://epubs.siam.org/doi/10.1137/17M1153212 |journal=SIAM Journal on Control and Optimization |language=en |volume=57 |issue=5 |pages=3413–3444 |doi=10.1137/17M1153212 |issn=0363-0129}} | |||
*{{Cite journal |last1=Kennedy |first1=Adrian Patrick |last2=Sethi |first2=Suresh P. |last3=Siu |first3=Chi Chung |last4=Yam |first4=Sheung Chi Phillip |date=November 2021 |title=Cooperative Advertising in a Dynamic Three-Echelon Supply Chain |url=https://journals.sagepub.com/doi/10.1111/poms.13487 |journal=Production and Operations Management |language=en |volume=30 |issue=11 |pages=3881–3905 |doi=10.1111/poms.13487 |issn=1059-1478|url-access=subscription }} | |||
*{{Cite journal |last1=Han |first1=Jinhui |last2=Sethi |first2=Suresh P. |last3=Siu |first3=Chi Chung |last4=Yam |first4=Sheung Chi Phillip |date=June 2023 |title=Co-op advertising in randomly fluctuating markets |url=https://journals.sagepub.com/doi/10.1111/poms.13929 |journal=Production and Operations Management |language=en |volume=32 |issue=6 |pages=1617–1635 |doi=10.1111/poms.13929 |issn=1059-1478|url-access=subscription }} | |||
==== Sethi-Skiba point ==== | |||
[[Sethi-Skiba point]]s arise in [[optimal control]] problems that exhibit multiple optimal solutions. A Sethi-Skiba point is an indifference point in an optimal control problem such that starting from such a point, the problem has more than one different optimal solutions.{{cn|date=August 2024}} | |||
== | *{{Cite journal |last=Sethi |first=S. P. |date=1977-12-01 |title=Nearest feasible paths in optimal control problems: Theory, examples, and counterexamples |url=https://link.springer.com/article/10.1007/BF00933297 |journal=Journal of Optimization Theory and Applications |language=en |volume=23 |issue=4 |pages=563–579 |doi=10.1007/BF00933297 |issn=1573-2878|url-access=subscription }} | ||
Sethi | *{{Cite journal |last=Skiba |first=A. K. |date=1978 |title=Optimal Growth with a Convex-Concave Production Function |url=https://www.jstor.org/stable/1914229 |journal=Econometrica |volume=46 |issue=3 |pages=527–539 |doi=10.2307/1914229 |jstor=1914229 |issn=0012-9682|url-access=subscription }} | ||
*{{Cite journal |last=Sethi |first=S. P. |date=1977-12-01 |title=Nearest feasible paths in optimal control problems: Theory, examples, and counterexamples |url=https://link.springer.com/article/10.1007/BF00933297 |journal=Journal of Optimization Theory and Applications |language=en |volume=23 |issue=4 |pages=563–579 |doi=10.1007/BF00933297 |issn=1573-2878|url-access=subscription }} | |||
*{{Cite journal |last=Sethi |first=S. P. |date=1979-12-01 |title=Optimal advertising policy with the contagion model |url=https://link.springer.com/article/10.1007/BF00934454 |journal=Journal of Optimization Theory and Applications |language=en |volume=29 |issue=4 |pages=615–627 |doi=10.1007/BF00934454 |issn=1573-2878|url-access=subscription }} | |||
==Honors and awards== | ==Honors and awards== | ||
Sethi has been elected to Production and Operations Management Society (POMS) Fellow in 2005,<ref> {{Cite web |title=UTD's Dr. Suresh Sethi Is Elected POMS Fellow |url=https://news.utdallas.edu/faculty-staff/utds-dr-suresh-sethi-is-elected-poms-fellow/ |access-date=2024-09-04 |website=News Center |language=en-US}} </ref> one of eight individuals up to that time to be honored with that distinction in the field of Operations Management. | |||
He is the recipient of the 2015 Tepper Alumni Achievement Award <ref name=":0" /> | |||
Two conferences have been organized in his honor, at [[Aix-en-Provence]] in 2005<ref name = "conf-fr">''[http://prolog.univie.ac.at/events/Sethi60/ Optimal Control and Dynamic Games:]'' Workshop in Honor of Suresh Sethi, Aix en Provence, France, June 2–6, 2005.</ref> and at [[University of Texas at Dallas]] in 2006.<ref name = "conf-utd">''[http://som.utdallas.edu/news/news.php?news_id=407 International Conference on Management Sciences: Optimization Models and Applications]'' in Honor of Professor Suresh Sethi, University of Texas at Dallas, Richardson, TX, May 20–22, 2006.</ref> Also, two books have been edited in his honor.<ref name = "book-hon1">''[https://books.google.com/books?id=bfDGwTnHFCUC&pg=PR19&dq=International+Conference+on+Management+Sciences:++Optimization+Models+and+Applications+in+Honor+of+Professor+Suresh+Sethi#PPR1, M1 Stochastic Processes, Optimization, and Control Theory: Applications in Financial Engineering, Queueing Networks, and Manufacturing Systems:]'' A Volume in Honor of Suresh Sethi; [https://www.springer.com/business/production/book/978-0-387-33770-8 Series: International Series in Operations Research & Management Science], Vol. 94, H. Yan, G. Yin, and Q. Zhang (Eds.), Springer, 2006. (360 pages – {{ISBN|978-0-387-33770-8}})</ref><ref name = "book-hon2">''[https://www.springer.com/economics/economic+theory/book/978-0-387-25804-1 Optimal Control and Dynamic Games, Applications in Finance, Management Science and Economics],'' Series: Advances in Computational Management Science, Vol. 7, C. Deissenberg and R.F. Hartl (Eds.), Springer, Netherlands, 2005. (344 pages – {{ISBN|978-0-387-25804-1}})</ref> | |||
{| class="wikitable sortable" | |||
!Year | |||
!Honor/Award | |||
|- | |||
|1984-85 | |||
|Connaught Senior Research Fellow, [[University of Toronto]]<ref>{{Cite web |title=MINIMIZING MAKESPAN IN FLOWSHOPS |url=https://repub.eur.nl/pub/12344/MinimizingMakespanFlowshops_1997.pdf#page=9}}</ref> | |||
|- | |||
|1996 | |||
|Award of Merit, Canadian Operational Research Society (CORS)<ref>{{Cite web |title=Award of Merit {{!}} Canadian Operational Research Society |url=https://www.cors.ca/?q=content/award-merit#:~:text=1996,Suresh%20Sethi |access-date=2024-07-31 |website=www.cors.ca}}</ref> | |||
|- | |||
|2000 | |||
|Senior Research Fellow, IC2 Institute<ref>{{Cite web |title=IC2 Institute 2018 Fellows Directory |url=https://ic2.utexas.edu/wp-content/uploads/ic2-fellows-directory-20180111.pdf#page=158 |access-date=31 July 2024}}</ref> | |||
|- | |||
|2003 | |||
|[[IEEE fellow|IEEE Fellow]],<ref>{{Cite web |title=IEEE Elects UTD Professor Sethi as Fellow |url=https://news.utdallas.edu/faculty-staff/ieee-elects-utd-professor-sethi-as-fellow/ |access-date=2024-07-31 |website=News Center |language=en-US}}</ref> [[INFORMS]] Fellow, [[AAAS Fellow]]<ref>{{Cite web |title=UTD's Suresh Sethi Elected Fellow of American Association for the Advancement of Science |url=https://news.utdallas.edu/faculty-staff/utds-suresh-sethi-elected-fellow-of-american-association-for-the-advancement-of-science/ |access-date=2024-07-31 |website=News Center |language=en-US}}</ref> | |||
|- | |||
|2004 | |||
|[[Wickham Skinner|Wickham-Skinner]] Best Paper Award in [[Production and Operations Management]]<ref>{{Cite web |title=Wickham Skinner Award Recipient - 2004 - Best Paper Award 4 {{!}} Production and Operations Management Society |url=https://www.poms.org/node/477 |access-date=2024-07-31 |website=www.poms.org}}</ref> | |||
|- | |||
|2005 | |||
|[[Production and Operations Management Society]] Fellow<ref>{{Cite web |title=POMS Fellows Award Recipients Suresh Sethi 2005 {{!}} Production and Operations Management Society |url=https://www.poms.org/node/418 |access-date=2024-07-31 |website=www.poms.org}}</ref> | |||
|- | |||
|2008 | |||
|[[IIT Bombay]] Distinguished Alum<ref name="webpage" /> | |||
|- | |||
|2009 | |||
|[[SIAM Fellow]], [[Society for Industrial and Applied Mathematics]]<ref>{{Cite web |title=Fellows Directory {{!}} SIAM |url=https://www.siam.org/programs-initiatives/prizes-awards/fellows-program/fellows-directory/?_page=1&keywords=#:~:text=Suresh%20P.%20Sethi,sciences%20and%20economics. |access-date=2024-07-31 |website=Society for Industrial and Applied Mathematics |language=en-US}}</ref> | |||
|- | |||
|2012 | |||
|President, [[Production and Operations Management Society]] (POMS)<ref>{{Cite web |title=PRODUCTION AND OPERATIONS MANAGEMENT SOCIETY 2012 Officers and Board Members |url=https://www.pomsmeetings.org/ConfProceedings/043/People/BoardMembers2012.pdf |access-date=31 July 2024 |website=}}</ref> | |||
|- | |||
|2015 | |||
|Alumni Achievement Award ([[Tepper School of Business]], [[Carnegie Mellon University]])<ref>{{Cite web |last=University |first=Carnegie Mellon |title=Alumni Awards - Tepper School of Business - Carnegie Mellon University |url=https://www.cmu.edu/tepper/alumni/awards/index.html#:~:text=2015,1972%0AAlumni%20Achievement%20Award |access-date=2024-07-31 |website=www.cmu.edu |language=en}}</ref><ref name=":0">{{Cite AV media |url=https://www.youtube.com/watch?v=_49vlugiMbs |title=Suresh Sethi, Ph.D '72 {{!}} Recipient of the 2015 Tepper Alumni Achievement Award |date=2016-04-12 |last=TepperCMU |access-date=2024-07-31 |via=YouTube}}</ref> | |||
|- | |||
|2020 | |||
|Sushil K Gupta [[Production and Operations Management]] Distinguished Service Award<ref>{{Cite web |title=Sushil K Gupta Award Recipient Suresh P Sethi 2020 {{!}} Production and Operations Management Society |url=https://www.poms.org/node/394 |access-date=2024-07-31 |website=www.poms.org}}</ref> | |||
|- | |||
|2024 | |||
|Best Paper Award Named After Suresh Sethi ([[Production and Operations Management Society]])<ref>{{Cite web |title=Invited Speaker: Suresh P. Sethi – SOR '25 |url=https://sor.fov.um.si/invited-speaker-suresh-p-sethi/#:~:text=Also%2C%20two%20books%20have%20been%20edited%20in%20his%20honor.%20Production%20and%20Operations%20Management%20Society%20(POMS)%20has%20instituted%20a%20Suresh%20Sethi%20Best%20Interdisciplinary%20Paper%20Award%20every%20two%20years%20beginning%20in%202023. |access-date=2024-07-31 |language=en-US}}</ref> | |||
|- | |||
|2021 | |||
|Asia-Pacific Artificial Intelligence Association Fellow<ref>{{Cite web |title=Asia-Pacific Artificial Intelligence Association |url=https://www.aaia-ai.org/fellows?words=Suresh%20Sethi |access-date=2024-07-31 |website=www.aaia-ai.org}}</ref> | |||
|- | |||
|2023 | |||
|[[Journal of Operations Management]] Ambassador Award<ref>{{Cite book |title=Journal of Operations Management Award Winners | publisher=Wiley |url=https://onlinelibrary.wiley.com/page/journal/18731317/homepage/award-winners#:~:text=Green%20Supply%20Chain%20Management%20in%20Chinese%20Firms%3A%20Innovative%20Measures%20and%20the%20Moderating%20Role%20of%20Quick%20Response%20Technology%0AGuo%20Li%2C%20Lin%20Li%2C%20Tsan%2DMing%20Choi%2C%20and%20Suresh%20P.%20Sethi%0AVolume%2066%2C%20Issues%207%2D8%2C%20October%2DDecember%202020 |access-date=31 July 2024}}</ref> | |||
|} | |||
==References== | ==References== | ||
| Line 54: | Line 125: | ||
==External links== | ==External links== | ||
* | * {{Official website|http://www.utdallas.edu/~sethi/}} | ||
* [https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=328623 SSRN Author Page of Suresh P. Sethi] | * [https://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=328623 SSRN Author Page of Suresh P. Sethi] | ||
* [http://econpapers.repec.org/RAS/pse207.htm Author Page of Suresh P. Sethi at RePec/EconPapers] | * [http://econpapers.repec.org/RAS/pse207.htm Author Page of Suresh P. Sethi at RePec/EconPapers] | ||
{{Authority control}} | {{Authority control}} | ||
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{{DEFAULTSORT:Sethi, Suresh P.}} | {{DEFAULTSORT:Sethi, Suresh P.}} | ||
[[Category:American operations researchers]] | [[Category:American operations researchers]] | ||
[[Category:Tepper School of Business alumni]] | [[Category:Tepper School of Business alumni]] | ||
[[Category:Carnegie Mellon University alumni]] | [[Category:Carnegie Mellon University alumni]] | ||
[[Category:Rice University faculty]] | [[Category:Rice University faculty]] | ||
[[Category:21st-century American economists]] | [[Category:21st-century American economists]] | ||
[[Category:Fellows of the Royal Society of Canada]] | [[Category:Fellows of the Royal Society of Canada]] | ||
| Line 78: | Line 142: | ||
[[Category:Year of birth missing (living people)]] | [[Category:Year of birth missing (living people)]] | ||
[[Category:Fellows of the Institute for Operations Research and the Management Sciences]] | [[Category:Fellows of the Institute for Operations Research and the Management Sciences]] | ||
[[Category:Indian operations researchers]] | |||
[[Category:21st-century Indian economists]] | |||
[[Category:Indian emigrants to the United States]] | |||
[[Category:American academics of Indian descent]] | |||
Latest revision as of 22:50, 30 December 2025
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|
Suresh P. Sethi | |
|---|---|
| Citizenship | United States |
| Alma mater | Carnegie Mellon University Washington State University IIT Bombay |
| Known for | Sethi model, Sethi-Skiba point, K-convexity in Rn |
| Awards | Society for Industrial and Applied Mathematics Fellow (2009), IIT Bombay Distinguished Alum (2008) |
| Scientific career | |
| Fields | Operations management, optimal control, Manufacturing, Operations Research, Finance, Economics, Marketing,Industrial Engineering, Optimal Control |
| Institutions | University of Texas at Dallas, University of Toronto, Rice University, Weyerhaeuser Company, Omark Industries, Hindustan Motors, Bhilai Steel Plant |
| Patrons | Eugene McDermott |
| Thesis | Applications of Optimal Control Theory in Management Science and Economics |
| Doctoral advisor | Gerald L. Thompson, Timothy McGuire, Charles Newman, |
| Other academic advisors | George Dantzig |
| Notable students | Subodha Kumar, Steef van de Velde |
| Website | http://www.utdallas.edu/~sethi |
Suresh P. Sethi is an Indian-American mathematician who is the Eugene McDermott Chair of Operations Management and Director of the Center for Intelligent Supply Networks at the University of Texas at Dallas.
He has worked as departmental editor of Production and Operations Management,[1] corresponding editor of SIAM Journal on Control and Optimization, and associate editor of Operations Research, Manufacturing & Service Operations Management, and Automatica.
Education[edit | edit source]
Sethi received his PhD in operations research from Carnegie Mellon University and was a post-doctoral fellow at Stanford University under the supervision of George B. Dantzig. He obtained a B.Tech. with honors in Mechanical Engineering from the Indian Institute of Technology Bombay, a M.S. in Industrial Administration from Carnegie Mellon University, and a Master of Business Administration from Washington State University.[2]
Published books[edit | edit source]
- Sethi, Suresh P. (2019). Optimal Control Theory. doi:10.1007/978-3-319-98237-3. ISBN 978-3-319-98236-6.
- Sethi, Suresh P.; Thompson, Gerald L. (1981). Solutions Manual for Optimal Control Theory. doi:10.1007/978-94-017-3028-0 ( (inactive $1) 1 July 2025). ISBN 978-0-89838-074-3.
{{cite book}}: CS1 maint: DOI inactive as of July 2025 (link) - Sethi, Suresh P.; Zhang, Qing (1994). Hierarchical Decision Making in Stochastic Manufacturing Systems. doi:10.1007/978-1-4612-0285-1. ISBN 978-1-4612-6694-5.
- Sethi, Suresh P. (1997). Optimal Consumption and Investment with Bankruptcy. doi:10.1007/978-1-4615-6257-3. ISBN 978-1-4613-7871-6.
- Optimal Control Theory. 2000. doi:10.1007/0-387-29903-3. ISBN 0-387-28092-8.
- Average-Cost Control of Stochastic Manufacturing Systems. Stochastic Modelling and Applied Probability. Vol. 54. 2005. doi:10.1007/0-387-27615-7. ISBN 0-387-21947-1.
- Sethi, Suresh P.; Yan, Houmin; Zhang, Hanqin (2005). Inventory and Supply Chain Management with Forecast Updates. International Series in Operations Research & Management Science. Vol. 81. doi:10.1007/b135819. ISBN 978-1-4020-8123-1.
- Throughput Optimization in Robotic Cells. International Series in Operations Research & Management Science. Vol. 101. 2007. doi:10.1007/0-387-70988-6. ISBN 978-0-387-70987-1.
- Beyer, Dirk; Cheng, Feng; Sethi, Suresh P.; Taksar, Michael (2010). Markovian Demand Inventory Models. International Series in Operations Research & Management Science. Vol. 108. doi:10.1007/978-0-387-71604-6. ISBN 978-0-387-56563-7.
- Sethi, Suresh P.; Bogataj, Marija; Ros-Mcdonnell, Lorenzo, eds. (2012). Industrial Engineering: Innovative Networks. doi:10.1007/978-1-4471-2321-7. ISBN 978-1-4471-2320-0.
Research works[edit | edit source]
Sethi's publications have been cited 31850 times in total, with 86 h-index and 334 i10-index.[3] He has contributed in the fields of manufacturing[4] and operations management,[5][6] finance[7] and economics,[8][9] marketing,[10] industrial engineering,[11][12] operations research,[13] and optimal control.[14] He is known for his developments of the Sethi advertising model and Sethi-Skiba point, and for his textbook on optimal control.[15]
Notable works[edit | edit source]
Sethi is known for his accomplishments in unifying many theories and concepts in Sethi model, Sethi-Skiba point, K-convexity in Rn Decision and Forecast Horizons,[16] and Supply Chain Coordination with Risk Averse Agents.[17]
Sethi model[edit | edit source]
The Sethi model describes the process of how sales evolve over time in response to advertising. The model assumes that the rate of change in sales depend on three effects: response to advertising that acts positively on the unsold portion of the market, the loss due to forgetting or possibly due to competitive factors that act negatively on the sold portion of the market, and a random effect that can go either way.[citation needed] The following are related journal publications over the years that established and generalized Sethi model.
- Sethi, Suresh P. (April 1983). "Deterministic and stochastic optimization of a dynamic advertising model". Optimal Control Applications and Methods. 4 (2): 179–184. doi:10.1002/oca.4660040207. ISSN 0143-2087.
- Kennedy, Adrian Patrick; Sethi, Suresh P.; Siu, Chi Chung; Yam, Sheung Chi Phillip (November 2021). "Cooperative Advertising in a Dynamic Three-Echelon Supply Chain". Production and Operations Management. 30 (11): 3881–3905. doi:10.1111/poms.13487. ISSN 1059-1478.
- Bass, Frank M.; Krishnamoorthy, Anand; Prasad, Ashutosh; Sethi, Suresh P. (November 2005). "Generic and Brand Advertising Strategies in a Dynamic Duopoly". Marketing Science. 24 (4): 556–568. doi:10.1287/mksc.1050.0119. ISSN 0732-2399.
- Naik, P. A.; Prasad, A.; Sethi, S. P. (2008). "[[doi:10.1287/mnsc.1070.0755|Building Brand Awareness in Dynamic *Naik, Prasad A.; Prasad, Ashutosh; Sethi, Suresh P. (January 2008). "Building Brand Awareness in Dynamic Oligopoly Markets". Management Science. 54 (1): 129–138. doi:10.1287/mnsc.1070.0755. ISSN 0025-1909.
- Prasad, Ashutosh; Sethi, Suresh P. (2009-03-01). "Integrated marketing communications in markets with uncertainty and competition". Automatica. 45 (3): 601–610. doi:10.1016/j.automatica.2008.09.018. ISSN 0005-1098.
- He, Xiuli; Prasad, Ashutosh; Sethi, Suresh P. (January 2009). "Cooperative Advertising and Pricing in a Dynamic Stochastic Supply Chain: Feedback Stackelberg Strategies". Production and Operations Management. 18 (1): 78–94. doi:10.1111/j.1937-5956.2009.01006.x. ISSN 1059-1478.
- Bensoussan, Alain; Chen, Shaokuan; Chutani, Anshuman; Sethi, Suresh P.; Siu, Chi Chung; Phillip Yam, Sheung Chi (January 2019). "Feedback Stackelberg--Nash Equilibria in Mixed Leadership Games with an Application to Cooperative Advertising". SIAM Journal on Control and Optimization. 57 (5): 3413–3444. doi:10.1137/17M1153212. ISSN 0363-0129.
- Kennedy, Adrian Patrick; Sethi, Suresh P.; Siu, Chi Chung; Yam, Sheung Chi Phillip (November 2021). "Cooperative Advertising in a Dynamic Three-Echelon Supply Chain". Production and Operations Management. 30 (11): 3881–3905. doi:10.1111/poms.13487. ISSN 1059-1478.
- Han, Jinhui; Sethi, Suresh P.; Siu, Chi Chung; Yam, Sheung Chi Phillip (June 2023). "Co-op advertising in randomly fluctuating markets". Production and Operations Management. 32 (6): 1617–1635. doi:10.1111/poms.13929. ISSN 1059-1478.
Sethi-Skiba point[edit | edit source]
Sethi-Skiba points arise in optimal control problems that exhibit multiple optimal solutions. A Sethi-Skiba point is an indifference point in an optimal control problem such that starting from such a point, the problem has more than one different optimal solutions.[citation needed]
- Sethi, S. P. (1977-12-01). "Nearest feasible paths in optimal control problems: Theory, examples, and counterexamples". Journal of Optimization Theory and Applications. 23 (4): 563–579. doi:10.1007/BF00933297. ISSN 1573-2878.
- Skiba, A. K. (1978). "Optimal Growth with a Convex-Concave Production Function". Econometrica. 46 (3): 527–539. doi:10.2307/1914229. ISSN 0012-9682. JSTOR 1914229.
- Sethi, S. P. (1977-12-01). "Nearest feasible paths in optimal control problems: Theory, examples, and counterexamples". Journal of Optimization Theory and Applications. 23 (4): 563–579. doi:10.1007/BF00933297. ISSN 1573-2878.
- Sethi, S. P. (1979-12-01). "Optimal advertising policy with the contagion model". Journal of Optimization Theory and Applications. 29 (4): 615–627. doi:10.1007/BF00934454. ISSN 1573-2878.
Honors and awards[edit | edit source]
Sethi has been elected to Production and Operations Management Society (POMS) Fellow in 2005,[18] one of eight individuals up to that time to be honored with that distinction in the field of Operations Management.
He is the recipient of the 2015 Tepper Alumni Achievement Award [19]
Two conferences have been organized in his honor, at Aix-en-Provence in 2005[20] and at University of Texas at Dallas in 2006.[21] Also, two books have been edited in his honor.[22][23]
| Year | Honor/Award |
|---|---|
| 1984-85 | Connaught Senior Research Fellow, University of Toronto[24] |
| 1996 | Award of Merit, Canadian Operational Research Society (CORS)[25] |
| 2000 | Senior Research Fellow, IC2 Institute[26] |
| 2003 | IEEE Fellow,[27] INFORMS Fellow, AAAS Fellow[28] |
| 2004 | Wickham-Skinner Best Paper Award in Production and Operations Management[29] |
| 2005 | Production and Operations Management Society Fellow[30] |
| 2008 | IIT Bombay Distinguished Alum[2] |
| 2009 | SIAM Fellow, Society for Industrial and Applied Mathematics[31] |
| 2012 | President, Production and Operations Management Society (POMS)[32] |
| 2015 | Alumni Achievement Award (Tepper School of Business, Carnegie Mellon University)[33][19] |
| 2020 | Sushil K Gupta Production and Operations Management Distinguished Service Award[34] |
| 2024 | Best Paper Award Named After Suresh Sethi (Production and Operations Management Society)[35] |
| 2021 | Asia-Pacific Artificial Intelligence Association Fellow[36] |
| 2023 | Journal of Operations Management Ambassador Award[37] |
References[edit | edit source]
- ↑ "Editorial Board: Production and Operations Management".
- ↑ 2.0 2.1 "Dr. Suresh Pal Sethi". Indian Institute of Technology Bombay. Retrieved 2024-08-01.
- ↑ "Suresh Sethi". scholar.google.com. Retrieved 2024-08-21.
- ↑ Sethi, Suresh P.; Zhang, Qing (1994). Hierarchical Decision Making in Stochastic Manufacturing Systems. doi:10.1007/978-1-4612-0285-1. ISBN 978-1-4612-6694-5.
- ↑ Haruvy, Ernan; Sethi, Suresh P.; Zhou, Jing (2008). "Open Source Development with a Commercial Complementary Product or Service". Production and Operations Management. 17 (1): 29–43. doi:10.3401/poms.1070.0004. ISSN 1059-1478.
- ↑ Markovian Demand Inventory Models. International Series in Operations Research & Management Science. Vol. 108. 2010. doi:10.1007/978-0-387-71604-6. ISBN 978-0-387-56563-7.
- ↑ Sethi, Suresh P. (1997). Optimal Consumption and Investment with Bankruptcy. doi:10.1007/978-1-4615-6257-3. ISBN 978-1-4613-7871-6.
- ↑ Arrow, Kenneth J.; Bensoussan, Alain; Feng, Qi; Sethi, Suresh P. (2007). "Optimal savings and the value of population". Proceedings of the National Academy of Sciences. 104 (47): 18421–18426. Bibcode:2007PNAS..10418421A. doi:10.1073/pnas.0708030104. PMC 2141792. PMID 17984059.
- ↑ Boucekkine, Raouf; Hritonenko, Natali; Yatsenko, Yuri, eds. (2013). Optimal Control of Age-structured Populations in Economy, Demography, and the Environment. doi:10.4324/9780203844557. ISBN 9781136920936.
- ↑ Sethi, Suresh P. (1983). "Deterministic and stochastic optimization of a dynamic advertising model". Optimal Control Applications and Methods. 4 (2): 179–184. doi:10.1002/oca.4660040207. S2CID 123673289.
- ↑ Throughput Optimization in Robotic Cells. International Series in Operations Research & Management Science. Vol. 101. 2007. doi:10.1007/0-387-70988-6. ISBN 978-0-387-70987-1. S2CID 60059332.
- ↑ Sethi, Suresh P.; Bogataj, Marija; Ros-Mcdonnell, Lorenzo, eds. (2012). Industrial Engineering: Innovative Networks. doi:10.1007/978-1-4471-2321-7. ISBN 978-1-4471-2320-0.
- ↑ Bes, C.; Sethi, S. P. (1988). "Concepts of Forecast and Decision Horizons: Applications to Dynamic Stochastic Optimization Problems". Mathematics of Operations Research. 13 (2): 295–310. doi:10.1287/moor.13.2.295. S2CID 5840100.
- ↑ "Suresh P. Sethi". Production and Operations Management. 20 (6): xi–xii. 2011. doi:10.1111/j.1937-5956.2011.01187.x.
- ↑ Sethi, S.P. and Thompson, G.L., Optimal Control Theory: Applications to Management Science and Economics, Second Edition, Springer, 2000. ISBN 0-387-28092-8 and ISBN 0-7923-8608-6.
- ↑ Rempala, Ryszarda; Sethi, Suresh (July 1992). "Decision and forecast horizons for one-dimensional optimal control problems: Existence results and applications". Optimal Control Applications and Methods. 13 (3): 179–192. doi:10.1002/oca.4660130302. ISSN 0143-2087.
- ↑ Gan, Xianghua; Sethi, Suresh P.; Yan, Houmin (June 2004). "Coordination of Supply Chains with Risk-Averse Agents". Production and Operations Management. 13 (2): 135–149. doi:10.1111/j.1937-5956.2004.tb00150.x. ISSN 1059-1478.
- ↑ "UTD's Dr. Suresh Sethi Is Elected POMS Fellow". News Center. Retrieved 2024-09-04.
- ↑ 19.0 19.1 TepperCMU (2016-04-12). Suresh Sethi, Ph.D '72 | Recipient of the 2015 Tepper Alumni Achievement Award. Retrieved 2024-07-31 – via YouTube.
- ↑ Optimal Control and Dynamic Games: Workshop in Honor of Suresh Sethi, Aix en Provence, France, June 2–6, 2005.
- ↑ International Conference on Management Sciences: Optimization Models and Applications in Honor of Professor Suresh Sethi, University of Texas at Dallas, Richardson, TX, May 20–22, 2006.
- ↑ M1 Stochastic Processes, Optimization, and Control Theory: Applications in Financial Engineering, Queueing Networks, and Manufacturing Systems: A Volume in Honor of Suresh Sethi; Series: International Series in Operations Research & Management Science, Vol. 94, H. Yan, G. Yin, and Q. Zhang (Eds.), Springer, 2006. (360 pages – ISBN 978-0-387-33770-8)
- ↑ Optimal Control and Dynamic Games, Applications in Finance, Management Science and Economics, Series: Advances in Computational Management Science, Vol. 7, C. Deissenberg and R.F. Hartl (Eds.), Springer, Netherlands, 2005. (344 pages – ISBN 978-0-387-25804-1)
- ↑ "MINIMIZING MAKESPAN IN FLOWSHOPS" (PDF).
- ↑ "Award of Merit | Canadian Operational Research Society". www.cors.ca. Retrieved 2024-07-31.
- ↑ "IC2 Institute 2018 Fellows Directory" (PDF). Retrieved 31 July 2024.
- ↑ "IEEE Elects UTD Professor Sethi as Fellow". News Center. Retrieved 2024-07-31.
- ↑ "UTD's Suresh Sethi Elected Fellow of American Association for the Advancement of Science". News Center. Retrieved 2024-07-31.
- ↑ "Wickham Skinner Award Recipient - 2004 - Best Paper Award 4 | Production and Operations Management Society". www.poms.org. Retrieved 2024-07-31.
- ↑ "POMS Fellows Award Recipients Suresh Sethi 2005 | Production and Operations Management Society". www.poms.org. Retrieved 2024-07-31.
- ↑ "Fellows Directory | SIAM". Society for Industrial and Applied Mathematics. Retrieved 2024-07-31.
- ↑ "PRODUCTION AND OPERATIONS MANAGEMENT SOCIETY 2012 Officers and Board Members" (PDF). Retrieved 31 July 2024.
- ↑ University, Carnegie Mellon. "Alumni Awards - Tepper School of Business - Carnegie Mellon University". www.cmu.edu. Retrieved 2024-07-31.
- ↑ "Sushil K Gupta Award Recipient Suresh P Sethi 2020 | Production and Operations Management Society". www.poms.org. Retrieved 2024-07-31.
- ↑ "Invited Speaker: Suresh P. Sethi – SOR '25". Retrieved 2024-07-31.
- ↑ "Asia-Pacific Artificial Intelligence Association". www.aaia-ai.org. Retrieved 2024-07-31.
- ↑ Journal of Operations Management Award Winners. Wiley. Retrieved 31 July 2024.