Professor Teo Chung Piaw from NUS Business School has been recognised by The Institute for Operations Research and Management Sciences (INFORMS) as a fellow. One of only a dozen named worldwide annually, he is the only fellow ever named from an Asian institution in the fellowship’s 17-year history.
Prof Teo is being honoured for his exceptional contributions in optimising business processes particularly in inventory, logistics and supply chain management, as well as for outstanding leadership and service to the profession.
Over the course of his career, he has developed methods to understand and manage business risks and optimise efficiency in operations and supply chains. His work has been used in designing vessel-berthing schedules in ports, managing risk exposure of gaming products, and in pricing and assortment optimisation.
“I am truly grateful to the Operations Research (OR) community in Singapore and NUS, my colleagues in the Department of Analytics and Operations, and former students now teaching in various institutions, for making this award possible,” said Professor Teo. “This award is also a testament to the quality of the OR professionals based in Singapore, and I hope it will spur more students, especially Singaporeans, to consider pursuing a PhD in this field.”
INFORMS is the world’s largest professional association dedicated to and promoting best practices and advances in operations research, management science, and analytics to improve operational processes, decision-making, and outcomes. Recipients of its fellowship include Nobel Prize winners Harry Markowitz and John Nash who were recognised in 2002.
Prof Teo graduated from NUS with a Bachelor of Science (Hons) in Mathematics. After completing his PhD in Operations Research at the Massachusetts Institute of Technology, he returned to Singapore to lecture at NUS Business School. He is now Professor and Provost’s Chair at the Department of Analytics & Operations, and is also the Executive Director of the Institute of Operations Research and Analytics at NUS.