ITIR Z. KARAESMEN AYDIN

Assistant Professor of Operations Management and Management Science

Decision and Information Technologies Department

Research Interests

Revenue management, pricing and capacity management with applications in transportation and services; managing inventories of perishable goods; stochastic modeling, stochastic optimization

On-going projects

• Analysis of a Shared Resource System: Applications in Grid Computing (with I. Yahav and L. Raschid)
  
• Revenue Management and Competition: Distibution-free Methods (with H. Gao and M. Ball)
  
• Coordinating Pricing and Capacity Decisions for Service Networks (with G. Gurkan, B. Deniz and A. Balkan)
• Centralized vs. Decentralized Revenue Management Decisions

Working papers

• H. Gao, M. Ball and I. Karaesmen. "Distribution-free Methods for Dynamic Booking Control," submitted.
  
• Y. Lan, M. Ball and I. Karaesmen. "Overbooking and Fare-Class Allocation with Limited Information," submitted.
  
• B. Deniz, I. Karaesmen and A. Scheller-Wolf. “Managing Inventories of Perishables: The Effect of Susbtitution,” submitted.
  
• I. Karaesmen and G. van Ryzin. “Coordinating Overbooking and Capacity Control Decisions on a Network,” submitted.  
• W. Yang, I. Karaesmen and P. Keskinocak. "Managing Uncertainty in On-Demand Air Travel," submitted.
  
• A. Boyd and I. Karaesmen (2001), “ An Abstraction of Revenue Management for the Air Cargo Industry,” Working paper, Carnegie Mellon University, Pittsburgh.  (abstract)
• I. Karaesmen, N. Erkip and R. Güllü (1995), “A Generalization of Supply Disruption Problems under Static Demand,” Technical Report No: 95-02, Department of Industrial Engineering, Middle East Technical University, Ankara, Turkey.  (abstract)

Journal Publications

• Y. Lan, H. Gao, M. Ball and I. Karaesmen. "Revenue Management with Limited Demand Information," to appear in Management Science.
• W. Yang, I. Karaesmen, P. Keskinocak and S. Tayur, "Aircraft and  Crew Scheduling in Fractional Ownership Programs," to appear in Annals of Operations Research. 
• B. Akinci, S. Kiziltas, E. Ergen, I. Karaesmen and F. Keceli (2006), "Modeling and Analyzing the Impact of Technology on Data Capture and Transfer Processes at Construction Sites," to appear ASCE Journal of Construction Engineering and Management.
  
• I. Karaesmen and G. van Ryzin (2004), “Overbooking with Substitutable Inventory Classes,” Operations Research, v.52, n.1, pp.83-104.
• B. Akinci, C. Hendrickson and I. Karaesmen (2003), “Exploiting Motor Vehicle Information and Communications Technology for Transportation Engineering,” ASCE Journal of Transportation Engineering, v. 129, n.5, pp.469-474.
• I. Karaesmen (2000), "Overbooking with Substitutable Inventory Classes," Manufacturing and Service Operations Management (M&SOM), v.2, n.2., pp. 112-113.

Refereed Conference Proceedings

• I. Karaesmen, A. Scheller-Wolf, B. Deniz and I. Civelek (2008) "Inventory Management of Perishables: New Results,"  INFORMS MSOM 2008 Conference Proceedings, June 5-6, 2008, University of Maryland, College Park, MD.
  
• Y. Lan, M. Ball and I. Karaesmen (2008), "Robust Revenue Management: Overbooking and Fare-Class Allocation with Limited Information,"  Proceedings of the INFORMS MSOM 2008 SIG Conference on Service Management, June 7, 2008, University of Maryland, College Park, MD.
  
• I. Karaesmen, W. Yang and P. Keskinocak (2007), "Optimization vs. Persistence in Scheduling:  Heuristics to Manage Uncertainty in On-Demand Air Travel,"  Proceedings of The Third Multidisciplinary International Conference on Scheduling: Theory & Applications (MISTA 2007), Paris, August 28-31, 2007, pp.242-250.
  
• Y. Lan, H. Gao, M. Ball and I. Karaesmen (2006), "Booking Control Policies for Revenue Management Using Limited Demand Information," INFORMS MSOM 2006 Conference Proceedings, June 19-20, Georgia Institute of Technology, Atlanta, Georgia.
  
• I. Karaesmen, P. Keskinocak, S. Tayur and W. Yang (2005),  "Scheduling Multiple Types of Time-Shared Jet Aircraft: Models and Methods for Practice,” The Second Multidisciplinary International Conference on Scheduling: Theory & Applications (MISTA 2005), New York, July 18-21, 2005.
• K. Hosanagar, I. Karaesmen, R. Krishnan and A. Montgomery (2002), “Simulation/Optimization Based Approach to Design of Shopbot Operational Algorithm,” Proceedings of the 11^th Workshop on Information Technology and Systems (WITS), Barcelona, December 2002.
  

Book Chapter

• I. Karaesmen, A. Scheller-Wolf and B. Deniz (2007), “Managing Perishable and Aging Invetories: Review and Future Research Directions," to appear in  Handbook of Production Planning, Kempf, K., Keskinocak, P. and Uzsoy, P. (eds.), Kluwer International Series in Operations Research and Management Science, Advancing the State-of-the-Art Subseries.

Other Publications

• I. Karaesmen and I. Nakshin (2007), "Applying Pricing and Revenue Management at US Hospitals: New Perspectives," Journal of Revenue and Pricing Management, v. 6, p.256-259.
  
• M. Pekericli, B. Akinci and I. Karaesmen (2004), “Engineering the Incorporation of Information Technologies into Construction Service Networks,” 2004 NSF Design, Service and Manufacturing Grantees and Research Conference Proceedings, Dallas, TX, January 5-8, 2004. 
• M. Pekericli, B. Akinci and I. Karaesmen (2003), “Modeling Information Dependencies in Construction Network Organizations,” 4^th Joint Symposium of Information Technology in Civil Engineering, ASCE Annual Meeting, Nashville, TN, November 12-15, 2003.
  

Unpublished Manuscripts

• I. Karaesmen (2001),  Three Essays on Revenue Management, Ph.D. Thesis, Graduate School of Business, Columbia University, New York, NY. 
  
• I. Karaesmen (1994), Managing Disruptions in Supply under Stochastic Demand, M.S. Thesis, Department of Industrial Engineering, Middle East Technical University, Ankara, Turkey.