Media Releases

Faculty at U of T’s Rotman School produce award winning research

April 15, 2014

TORONTO, ON – Two research papers authored by fac­ul­ty mem­bers at the Uni­ver­si­ty of Toronto’s Rot­man School of Man­age­ment have been hon­oured by pro­fes­sion­al and aca­d­e­m­ic orga­ni­za­tions.

A paper co-authored by Peter Christof­fersen, a pro­fes­sor of finance at the Rot­man School, has won the 2013 AIMA Cana­da Research Award pre­sent­ed by the Alter­na­tive Invest­ment Man­age­ment Asso­ci­a­tion-Cana­da Inc. Estab­lished in 2004, the AIMA Cana­da Research Award was cre­at­ed to encour­age and rec­og­nize high-qual­i­ty applied research in the field of alter­na­tive invest­ments in Cana­da. Prof. Christof­fersen and Xuhui (Nick) Pan of the Free­man School of Busi­ness, Tulane Uni­ver­si­ty, were award­ed the prize for their paper enti­tled “Equi­ty Port­fo­lio Man­age­ment Using Option Price Infor­ma­tion.” Profs. Christof­fersen and Pan will share a $10,000 prize.

Prof. Christof­fersen is the author of Ele­ments of Finan­cial Risk Man­age­ment and has been pub­lished in lead­ing finance and econo­met­rics jour­nals. He has served as the Asso­ciate Edi­tor of the Jour­nal of Applied Econo­met­rics, the Jour­nal of Finan­cial Econo­met­rics and the Jour­nal of Risk. He has also won research awards from Q‑Group, KPMG, the Mon­tre­al Exchange and STOXX. Prof. Christof­fersen has lec­tured at Bank of Amer­i­ca, Bank of Cana­da, Euro­pean Cen­tral Bank, Board of Gov­er­nors of the Fed­er­al Reserve and the Inter­na­tion­al Mon­e­tary Fund (IMF). Pri­or to join­ing the Rot­man School he was at the Desau­tels Fac­ul­ty of Man­age­ment at McGill Uni­ver­si­ty and the IMF.

A sec­ond paper from the Rot­man School has received the IIE Trans­ac­tions 2014 Best Appli­ca­tion Paper – Sched­ul­ing and Logis­tics award. IIE Trans­ac­tions is the flag­ship jour­nal of the IIE, the world’s largest pro­fes­sion­al soci­ety ded­i­cat­ed sole­ly to the sup­port of the indus­tri­al engi­neer­ing pro­fes­sion and indi­vid­u­als involved with improv­ing qual­i­ty and pro­duc­tiv­i­ty.

“The Max­i­mum Cov­er­ing Prob­lem with Trav­el Time Uncer­tain­ty” was authored by Profs. Oded Berman and Dmit­ry Krass with Iman Hajizadeh, a grad­u­ate of the Rot­man PhD pro­gram, who is cur­rent­ly with the Boston Con­sult­ing Group. The awards cer­e­mo­ny takes place on June 2 dur­ing the IIE Annu­al Con­fer­ence & Expo in Mon­tre­al.

Prof. Berman holds the Syd­ney Coop­er Chair in Busi­ness and Tech­nol­o­gy at the Rot­man School. He is a Fel­low of the Insti­tute of Oper­a­tions Research and the Man­age­ment Sci­ences. He has received the Life­time Achieve­ment in Loca­tion Analy­sis Award from INFORMS and the Cana­di­an Oper­a­tional Research Soci­ety Award of Mer­it. His main research inter­ests include oper­a­tions man­age­ment in the ser­vice indus­try, logis­tics, loca­tion the­o­ry and sto­chas­tic inven­to­ry con­trol. He served as an Area Edi­tor for Oper­a­tions Research and as an Asso­ciate Edi­tor for Man­age­ment Sci­ence. He is cur­rent­ly an Asso­ciate Edi­tor for Trans­porta­tion Sci­ence and Socio-Eco­nom­ic Plan­ning Sci­ences.

Dmit­ry Krass is a pro­fes­sor of oper­a­tions man­age­ment and sta­tis­tics at the Rot­man School. He has held sev­er­al admin­is­tra­tive posi­tions, includ­ing the Area Coor­di­na­tor for Oper­a­tions Man­age­ment and Sta­tis­tics until 2009 and Direc­tor, Oper­a­tions Man­age­ment PhD pro­gram since 1995. His research inter­ests include ser­vice oper­a­tions, logis­tics, facil­i­ty loca­tion and man­age­ment issues, dis­trib­u­tive ser­vice sys­tems, and ana­lyt­i­cal mod­el­ing in mar­ket­ing. Over 50 of his peer-reviewed papers have appeared in lead­ing aca­d­e­m­ic jour­nals on Oper­a­tions Man­age­ment and Man­age­ment Sci­ence. He has con­sult­ed on numer­ous projects on process design, mar­ket­ing ana­lyt­ics and deci­sion sup­port sys­tems.

For the lat­est think­ing on busi­ness, man­age­ment and eco­nom­ics from the Rot­man School of Man­age­ment, vis­it

The Rot­man School of Man­age­ment at the Uni­ver­si­ty of Toron­to is redesign­ing busi­ness edu­ca­tion for the 21st cen­tu­ry with a cur­ricu­lum based on Inte­gra­tive Think­ing. Locat­ed in the world’s most diverse city, the Rot­man School fos­ters a new way to think that enables the design of cre­ative busi­ness solu­tions. For more infor­ma­tion, vis­it


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Ken McGuf­fin
Man­ag­er, Media Rela­tions
Rot­man School of Man­age­ment
Uni­ver­si­ty of Toron­to
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