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New Krannert Faculty 2019
join Dean Hummels in welcoming our newest faculty

Krannert Faculty

Zhan Pang

Zhan Pang

Lewis B. Cullman Rising Star Professor of Management


B.S. in Mathematics (Nanjing University)
M.S. in Mathematics (Nanjing University)
Ph.D. in Operations Research (Chinese University of Hong Kong)


Dr. Pang is Lewis B. Cullman Rising Star Professor of Management at Krannert School of Management, Krannert's first Innovation and Entrepreneurship Fellow, faculty affiliate of Regenstrief Center for Healthcare Engineering (RCHE) and  Integrative Data Science Initiative.   He is the coordinator of the Ph.D program in supply chain and operations management area.  He is also a committee member of Krannert PhD Program and Purdue Graduate Council.   Prior to joining Purdue, he was associate professor in City University of Hong Kong, senior lecturer in Lancaster University, and adjunct professor in Norwegian School of Economics (NHH) .

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 and an editor of Journal of Blockchain Research. He teaches Operations Management, Supply Chain Management and Strategic Sourcing and Procurement.   

He has rich industry experience as entrepreneur and management consultant, and is palying leadership roles in industry including serving the board of directors for an energy technology company. As Purdue's Innovation and Entrepreneurship Fellow, he serves as a faculty ambassador to help connect Purdue innovators with novel paths for entrepreneurship and commercialization to take their innovations to the world. 

Journal Articles

  • 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 |
  • 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 |
  • 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 |
  • 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 |
  • 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 |
  • 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 (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, 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 |
  • 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 |
  • 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 (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 |
  • 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 |
  • 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 |
  • Jiang H, Pang Z (2011). Network capacity management under competition. Computational Optimization and Applications, vol. 50 (2), 287-326. | 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 |
  • 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 |
  • 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 |
  • 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

  • Liu J, Pang Z, Qi LQ (2020). Dynamic pricing and inventory management with demand learning: A Bayesian Approach. Computers & Operations Research, | Related Website |
  • Pang Z, Zhao XY, Xiao WQ (2019). Preorder price guarantee in e-commerce. Manufacturing and Service Operations Management, | Related Website |

Phone: (765) 494-4489
Office: KRAN 505

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