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Decision, Risk, and Operations

Decision, Risk, and Operations Division

Fostering Collaboration with Industry

The Decision, Risk, and Operations Division undertakes research and instruction on decision-making through optimization, modeling, and managing uncertainty, and on all aspects of the operations function in firms.

Research Centers

Center for Pricing and Revenue Management>

Broadening the understanding of one of the most powerful but least understood disciplines: pricing.


The Deming Center >

Promoting operational excellence in business through the development of research.

Application areas in which the division has particular expertise include logistics, distribution and supply-chain management; revenue management; resource networks and service systems; the valuation of derivative securities, and risk management.

The success of the division's mission depends, in part, on fostering collaboration with industry. For only by keeping in close contact with industrial problems can the division preserve the vitality of its research and teaching.

Columbia Ideas at Work

Chris Borland Makes the Hard Choice to Go Long

Chris Borland’s dramatic decision to retire at age 24 can teach us all something about the way we value the present and make hard decisions about the future.

photo ©Steve Schar/Flickr

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Clinton's 2016 Logo "Fail" Not Likely to Lose Voters

Criticism of the campaign logo dominated social media conversations around Hillary Clinton’s 2016 presidential bid. But logos are just a small part of a brand, and by the time election day rolls around, #logogate is likely to be long forgotten.

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Your Secrets Are Weighing You Down

Research finds the experience of keeping a secret is akin to carrying a physical weight, diminishing motivation and performance.

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Trading Up

New research suggests access to high-income export markets could raise productivity and profitability for businesses across the developing world

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Low-Calorie Menus Could Be Making Us Fat

When lighter options are grouped together, diners opt for heavier meals.

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Can't Meet Anyone Online? It's Not All Your Fault.

Seeking a match online? Whether its a new job or a date, fewer choices may lead to better matches.

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To Anchor a Negotiation, Two Points May Be Better Than One

Opening ranges offer negotiators unexpected benefits both in relationships and final settlements

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The High Cost of Climate Uncertainty

Using nearly a century and a half of stock market data, researchers consider individual tolerance for risk to put a more accurate price on carbon and stave off the worst effects of climate change.

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Up in Smoke

As countries around the world roll out climate change policies, carbon divestment moves from moral high ground to financial imperative.

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