Business prof honoured as INFORMS fellow

Professor Teo Chung Piaw, Provost’s Chair and Director of the Institute of Operations Research and Analytics at NUS Business School, has been honoured by The Institute for Operations Research and Management Sciences (INFORMS) as a fellow, one of a mere dozen selected worldwide annually. He is also the only fellow ever named from an Asian institution in the fellowship’s 17-year history.

Prof Teo is recognised 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.

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.

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.