Costis Maglaras
Dean
Dean's Office
Dean; David and Lyn Silfen Professor of Business
Decision, Risk, and Operations
BSEE, Imperial College, London 1990; MSEE, Stanford, 1991; PhDEE, 1998
Joined CBS in 1998
Office:
352
Kravis
Phone:
212-854-0443
E-mail:
[email protected]
Fax:
212-932-0545
Personal Website
Curriculum Vitae
Biography
Costis Maglaras is the 16th Dean of Columbia Business School, and the David and Lyn Silfen Professor of Business at Columbia University. Costis received his BS in Electrical Engineering from Imperial College, London, in 1990, and his MS and PhD in Electrical Engineering from Stanford University in 1991 and 1998, respectively. He joined Columbia Business School in 1998, when he joined the Decision, Risk and Operations Division. Prior to becoming dean he served as chair of the Decision, Risk & Operations division at the Business School, Director of the School's doctoral program, and was a member of the executive committee of the University's Data Science Institute. He is a Fellow of INFORMS, an Honorary Fellow of the Foreign Policy Association, and a Member of the Economic Club of New York.
His research lies on the interface between applied mathematics, economics and engineering, with emphasis on stochastic networks, financial engineering, and algorithmic pricing and revenue management. Recent work has focused on market microstructure of electronic (financial) limit order book markets; the diffusion of information over social networks; the economics and control of queueing networks with strategic agents, such as the ones encountered in ride-hailing; and the application of algorithmic pricing in the residential real-estate market. His work has been recognized through several research awards. and he has advised 20 doctoral students that have gone to academia and industry.
Costis teaches courses in the MBA and PhD programs, and he has also received the Dean's award at Columbia Business School for teaching excellence for the core course Managerial Statistics, and the Dean's award for Teaching Innovation for his work on the Technology and Analytics curriculum in Columbia's MBA and EMBA programs.
Outside of the Business School, his experience has been focused in financial technology, asset management and markets, and in digital technology. In 2007, Dean Maglaras helped found Mismi Inc., a venture-backed financial technology firm that introduced quantitative trading algorithms and transaction analytics tools to the equities market. Mismi was a broker dealer and an Alternative Trading System (ATS; dark pool). At Mismi he was chief scientist that co-developed all the firm’s IP, built and directed the quantitative research and engineering teams, and served as President of the firm until 2014. In the last decade he has worked with major financial institutions and hedge funds, and currently has a long-standing collaboration with Goldman Sachs’ Global Markets Division focusing on quantitative research and equity trading. From 1991 to 1993 he served as a research scientist at Canon Research Center America, working on image processing and optcal character recognition (back when this was novel).
Costis is married to Niki Kouri and lives in Manhattan with their three daughters.
Research
Journal articles
Revenue Management for a Multiclass Make-to-Order Queue
In Operations Research
(forthcoming)
Coauthor(s): Costis Maglaras
A maximum entropy joint demand estimation and capacity control policy
In Production and Operations Management
(forthcoming)
Coauthor(s): Costis Maglaras, Serkan Eren
Dynamic Pricing with Financial Milestones: Feedback-Form Policies
In Management Science
(2012)
Coauthor(s): Omar Besbes, Costis Maglaras
Guest Editorial to a Special Issue
In Journal of Revenue and Pricing Management
(2010)
Coauthor(s): Costis Maglaras
Monopoly pricing with limited demand information
In Journal of Revenue & Pricing Management
(2010)
Coauthor(s): Serkan Eren, Costis Maglaras
Revenue Optimization for a Make-to-Order Queue in an Uncertain Market Environment
In Operations Research
(2009)
Coauthor(s): Omar Besbes, Costis Maglaras
Cross-selling in a call center with a heterogeneous customer population
In Operations Research
(2009)
Coauthor(s): Itay Gurvich, Mor Armony, Costis Maglaras
Dynamic pricing when customers strategically time their purchase: Asymptotic optimality of a two-price policy
In Journal of Revenue and Pricing Management
(2009)
Coauthor(s): Matulya Bansal, Costis Maglaras
Dynamic pricing and lead-time quotation for a multiclass make-to-order queue
In Management Science
(2008)
Coauthor(s): Sabri Celik, Costis Maglaras
Operations in the service industries: Introduction to the special issue
In Production and Operations Management
(2008)
Coauthor(s): Uday Apte, Costis Maglaras, Michael Pinedo
Dynamic pricing strategies for multiproduct revenue management problems
In Manufacturing & Service Operations Management
(2006)
Coauthor(s): Costis Maglaras, Joern Meissner
Revenue management for a multiclass single-server queue via a fluid model analysis
In Operations Reserach
(2006)
Coauthor(s): Costis Maglaras
Queueing systems with leadtime constraints: A fluid-model approach for admission and sequencing control
In European Journal of Operational Research
(2005)
Coauthor(s): Costis Maglaras, Jan Van Mieghem
Pricing and Design of Differential Services: Approximate Analysis and Structural Insights
In Operations Research
(2005)
Coauthor(s): Costis Maglaras, Assaf Zeevi
Contact Centers with a Call-Back Option and Real-Time Delay Information
In Operations Research
(2004)
Coauthor(s): Mor Armony, Costis Maglaras
Diffusion Approximations for a Markovian Multi-Class Service System with 'Guaranteed' and 'Best-Effort' Service Levels
In Mathematics of Operations Research
(2004)
Coauthor(s): Costis Maglaras, Assaf Zeevi
On Customer Contact Centers with a Call-Back Option: Customer Decisions, Routing Rules and System Design
In Operations Research
(2004)
Coauthor(s): Mor Armony, Costis Maglaras
Continuous-review tracking policies for dynamic control of stochastic networks
In Queueing Systems
(2003)
Coauthor(s): Costis Maglaras
Pricing and Capacity Sizing for Systems with Shared Resources: Scaling Relations and Approximate Solutions
In Management Science
(2003)
Coauthor(s): Costis Maglaras, Assaf Zeevi
Optimal dynamic auctions for revenue management
In Management Science
(2002)
Coauthor(s): Gustavo Vulcano, Garrett van Ryzin, Costis Maglaras
Discrete-review policies for scheduling stochastic networks: Trajectory tracking and fluid-scale asymptotic optimality
In <a href="http://www.imstat.org/aap/">The Annals of Applied Probability</a>
(2000)
Coauthor(s): Costis Maglaras
Dynamic scheduling in multiclass queueing networks: Stability under discrete-review policies
In Queueing Systems
(1999)
Coauthor(s): Costis Maglaras
Chapters
Dynamic pricing strategies for multi-product revenue management problems
In Wiley Encyclopedia of Operations Research and Management
(2010)
Coauthor(s): Costis Maglaras
Product design in a market with satisficing customers
In Consumer-Driven Demand and Operations Management Models
(2009)
Coauthor(s): Matulya Bansal, Costis Maglaras
Working papers
Optimal execution in a limit order book and an associated microstructure market impact model
(2015)
Coauthor(s): Costis Maglaras, Ciamac Moallemi, Hua Zheng
A market microstructure model of a stochastic and dynamic matching problem with an application to residential real-estate
(2011)
Coauthor(s): Costis Maglaras
A multiclass model of limit order book dynamics and its application to optimal trade execution
(2011)
Coauthor(s): Costis Maglaras, Ciamac Moallemi
Bayesian learning from consumer reviews
(2011)
Coauthor(s): Costis Maglaras, Davide Crapis, Marco Scarsini
Optimal order flow routing, exchange competition, and the effect of make/take fees
(2011)
Coauthor(s): Costis Maglaras, Ciamac Moallemi, Hua Zhang
Revenue maximization in a queueing system offering differentiated services
(2011)
Coauthor(s): Costis Maglaras, John Yao, Assaf Zeevi
The effect of flow internalization in price volatility and trade executions costs
(2011)
Coauthor(s): Costis Maglaras
Case studies
Hannah Montana and the Tour of Doom
(2010)
Coauthor(s): Costis Maglaras
Ideas and Insights
In The Media
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