Logistics, Business & Public Policy

How India's Currency Crisis Could Shape its Economy

A 500-rupee banknote. What's it like when 86 percent of the banknotes in circulation in a country are rendered worthless overnight? That's what India has been finding out. On the evening of Nov. 9, Indian Prime Minister Narendra Modi announced that, by morning, all 500 and 1,000 rupee notes would no longer be legal tender. The controversial move has sparked protests and criticism of a change too sudden and too poorly planned by the government. Up for debate now is what impact it will have on the Indian economy and on the prime minister's popularity. Read more...

No-Frills, Not Even a Carry-On: Would You Fly Basic Class?

United Airlines is the latest major U.S. airline to unveil a new price point for budget travelers – basic economy – a flight with so few perks its critics have dubbed it the "misery class." You’ll pay a reduced fare – basic economy is aimed at helping United steal back share from low-cost competitors – but, in exchange, you’ll be the last passengers to board, you’ll agree to whatever automated seat assignment you’re given at check-in (even if it means not sitting with your travel companions), and you won’t dare use the overhead storage compartments. It might be just the ticket for airlines, and for flexible travelers whose chief concern is price, says Smith School Professor Roland Rust. But what will it mean for United's brand? Read more...

Trump’s Infrastructure Pledge Doable, Morici Tells BBC

To what extent will president-elect Donald Trump and Congress deliver on a campaign pledge to rebuild U.S. infrastructure? Smith School professor Peter Morici told BBC News on Wednesday that tightening certain entitlement programs could offset long-term projects like improving the passenger railway system. Trump in his presidential election acceptance speech pledged to fix U.S. inner cities and rebuild highways, bridges, tunnels, airports, schools and hospitals. Read more...

The Economist Ranks Smith Faculty No. 1 in World

Professors at the University of Maryland's Robert H. Smith School of Business placed No. 1 in the world for "faculty quality" in The Economist's 2016 full-time MBA rankings, marking the third consecutive year atop the category. Prior to the current run, the school finished No. 2 for faculty quality in 2013. Overall, the Smith School finished No. 47 globally and No. 32 in the United States in the latest rankings, released Oct. 13.

How New Baggage Rules Will Affect Travelers, Airlines

Air passengers are poised for improved baggage handling as a result of a broader set of forthcoming rule changes from the U.S. Department of Transportation. Smith School professor Martin Dresner says the new rules won't significantly hurt airlines, which already do a pretty good job of delivering bags reliably and on time. He says one possible winner might be Southwest Airlines. Read more...

The Science of Contracts Behind the 2016 Economics Nobel

Contracts help human beings do what at times seems impossible. They help us cooperate and trust each other. It’s not that we fundamentally don’t trust one another. It’s just that trust is a freer-flowing currency when agreements are backed by a contract. And that’s why contract theory became the premise for the 2016 Nobel prize for economics on Monday. Smith School professors Kislaya Prasad and Michael Faulkender help explain why the theory is so important. Read more...

Hao Su

Hao began the program in Fall 2016. His research interests include supply chain cooperation, supply chain risks, and transportation and logistics management. 

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