Phone:

+91-79-6632 4828

Email:

goutam@iima.ac.in

Website:

faculty.iima.ac.in/~goutam

Prof. Goutam Dutta

Productive and Quantitative Methods

Educational Qualifications

  • B.Tech (Hons) -IIT, Kharagpur, 1979
  • PGDM, XLRI, Jamshedpur, 1988
  • PGDOR, ORSI, Calcutta, 1988
  • Ph.D., Northwestern University, USA, 1996.

Academic Affiliation

  • Visiting Professor, HEC Paris, May-June, 2011
  • Faculty, London School of Economics and Political Science, London, UK , (1996-1997)
  • Visiting Faculty, University of Illinois at Chicago, USA ( 2001)
  • Visiting International Scholar, Chinese University of Hong Kong, 2004
  • Honorary Professor, Albert Schweitzer University, Switzerland
  • Chairperson, Post Graduate Programme in Agri Business Management , 2010-2013
  • Professor, Production Quantitative Methos Area, Indian Institute of Management, Ahmedabad, (2003-date)
  • Chairperson, Research and Publications, Indian Institute of Management, Ahmedabad, (2007-2010)
  • Associate Professor, Indian Institute of Management, Ahmedabad,(1997-2003)
  • Chairperson, Production and Quantitative Methods Area , IIM, Ahmedabad(2003-2006)

Professional Affiliation

  • Member, International Advisory Board, Journal of Operational Research Society (ORS UK) 2001-date
  • Member, Editorial Board, International Transactions of Operational Research (IFORS publications) 2001-2011
  • Associate Editor, Interfaces (INFORMS)(2011-date)
  • Associate Editor, International Journal of Revenue Management
  • Associate Editor, International Journal of Business Analytics (2011-date)
  • Associate Editor, OMEGA (2009-2010)
  • Academic Board Member, PMI, India (2009-2013)
  • Vice President, Operaional Research Society of India (2012-date)
  • Guest Editor, International Transcation of Operational Research (November 2004)
  • Chairman, OR for Development Prize Competition, IFORS-2002
  • Chairman, OR for Development Prize Competition, IFORS-1999
  • Jury, OR for Development Competition, IFORS-1996
  • Member, Institute of Operational Research and Management Science, USA (1992-present)
  • Student Member, Operational Research Society Of India, (1981-1996)
  • Life Member, Operational Research Society of India (1999-date)
  • Member, Society of Operations Management (2003-date)
  • Member, New York Academy of Sciences (1998-2003)
  • Member, Institutions of India
  • Life Member, Ahmedabad Management Association

 

Executive Experience

  •    Manager,  Tata Steel  (1989-1991)
  •    Dy. Manager, Tata Steel (1985-89)
  •    Asst. Manager,Tata Steel (1980-85)

 

Teaching

 

Area of Research:

  • Research Interests
  • Revenue Management
  • Project Management
  • Uncertainty Complexity and Risk in Projects
  • Decision Support Systems
  • Large Scale Optimization
  • Practice of Management Science
  • Operations Management
  • System Dynamics
  • Public Systems

Current Research:

  • Revenue Management 
  • Project Management , Uncertainty , Complexity and Risk in Projects
  • Large Scale Optimization Models
  • Process Industries
  • Decision Support Systems
  • Health Care Analytics
  • Mathematical Models in Insurance and Finance

Publications/Articles/Cases:

  • Papers have been published in International Journals like Interfaces, Manufacturing and Services Operations Management, , Decision Support Systems, Optimization and Engineering,  International Tranactions of Operational Research, Interactive Transcations of Operational Research, Opsearch, Journal of  Insurance and Risk management, Journal of Emerging Market Finance, International Journal of Production Economics

 

Distinguished Accomplishments      

  1. Doctoral dissertation led to the development of Optimization-Based Strategic Planning Software, copyrighted and licensed by Northwestern University, USA.ARMCO purchased it at $4000.

    [This work has been selected as finalist for EURO Excellence in Practice Award 2006 (Highest recognition in OR Practice by European Group of OR Societies)]

  2. Work done in Tata Steel, India    resulted in financial benefit of 73 million USD. This work was selected as the winner of the prestigious Franz Edelman Award of INFORMS (Institute of Operations Research and Management Science, USA) in 1994.

  3. First Prize in IFORS OR  for Development Prize Competition in 1993.

 

Publications

  1. Sinha G. P., Chandrashekaran B.S., Mitter N., Dutta G., Singh S.B., Roy P.N., Roy Choudhury A., 1995, "Strategic and Operational Management with Optimization at Tata Steel", Interfaces, Vol. 22 No.1, pp. 6-19, (Franz Edelman Award Winning paper, 1994).
  2. Dutta G., Sinha G.P., Roy P.N., Mitter N. 1994, "A Linear Programming Model for Distribution of Electrical Energy in a Steel Plant", International Transactions in Operations Research, Vol. 1, No.1, pp. 18-29, (IFORS-93 Third World Prize Winning Paper).
  3. Sinha G.P., and Dutta G., 1985. "System Dynamic Model of Blast Furnace for Project Evaluation," Proceedings of International Conference of System Dynamic Society, pp.838-51.
  4. Dutta G. and Fourer R., 2001 "A Survey of Linear Programming Applications in an Integrated Steel Plant," Manufacturing and Service Operations Management, Vol. 3., No.4, Fall 2001, pp. 387-400.
  5. Dutta G. "Lessons for Success in OR/MS Practice Gained from Experiences in Indian and US Steel Mills", Interfaces, September-October, 2001, pp. 23-30.
  6. Dutta G., and Fourer R., 2004, "An Optimization Based Decision Support System for Strategic and Operational Planning with in Process Industries," Optimization and Engineering, Volume 5 No. 3, pp. 295-314. (Finalist Excellence in Practice Award, EURO 2006)
  7. Dutta G., 2001, "Editorial: IFORS OR for Development Prize", International Transactions in Operational Research, Vol. 8, No. 4, July pp. 427-428.
  8. Dutta G , Basu S and Vaidyanathan K,.2005. "Term Structure Estimation In Illiquid Government Bond Markets: An Empirical Analysis For India" Journal of Emerging Market Finance.  Vol. 4, No. 1, pp. 63-80.
  9. Bhatnagar A., Gupta R., Pappu S and Dutta G., "Simulation Model for Demurrage Reduction in Coal handling Plant in Indian Thermal Power Plant " OPSEARCH, Journal of Operational Research Society of India, Volume 41, No.2, pp. 72-86.
  10. Basu, S., Dutta, G., Gupta, R. & Bhatnagar, A. 2004. Usage of Mathematical Models and Operation Research Techniques in the Insurance Industry, Journal of Insurance & Risk Management, Volume 3, No. 5. pp.77-96.
  11. Dutta G., Fourer R., Dutta D., and Majumdar A, 2007. "An Optimization Based Decision Support System for Strategic and Operational Planning with in Process Industries: Case of Pharmaceuticals Industry in India," International Journal of Production Economics. Vol 106, pp. 92-10.
  12. Dutta G., 2004, "Editorial: IFORS OR for Development Prize 2002", International Transactions in Operational Research, Vol. 11, No. 6, November pp.589-592.
  13. Mohan N, Jha P, Laha A.K. and Dutta G. 2006. "Artificial Neural Network for Forecasting Stock Prices in Bombay Stock Exchange," Journal of Emerging Market Finance. Vol. 5 , No. 3, 283-295.
  14. Garg A, Tiwari A, Dutta G, Basu S. 2007. "A Stochastic Linear Programming Model for Asset Liability Management: The Case of an Indian Insurance Company" Journal of Insurance and Risk Management, Vol. 6, No.11, pp. 59-72.
  15. Dutta G. and Fourer R. 2008 "Database Structure for a Class of Multi-Period Mathematical Programming Models" Decision Support Systems, Volume 45, pp. 870-883.
  16. Dutta G., Basu S. and John J.  2010 "Development of Utility Function for Life Insurance Buyers in the Indian Market".    Journal of Operational Research Society, 2010, Volume 61, pp. 585 –593.
  17. Dutta G,. Gupta N. and Fourer, R. 2011, "An Optimization-Based Decision Support System for Strategic Planning in a Process Industry: The Case of an Aluminium Company in India" Journal of the Operational Research Society, Vol. 62, pp. 616–626.
  18. Sandeep K and Dutta G, 2012, Multi-period Revenue Management Model for Internet Advertising . Journal of Revenue and Pricing Management, Vol. 11, 225–239.
  19. Sandeep K. and Dutta G and Bandyopadhyhay T.  2011, Journal of Revenue and Pricing Management Vol. 10, pp. 367–381.
  20. Sandeep K. and Dutta G "Optimal Table-mix and Acceptance-Rejection Problems in Restaurants"   2011, International Journal of Revenue Management, Vol. 15, No 1, pp.1-15.
  21. Sarkar, D. and Dutta, G. (2010). "Design and Application of Risk Adjusted Cumulative Sum for Strength Monitoring of Ready Mixed Concrete." Journal of Construction Engineering and  Management., Vol. 136(6), pp. 623–631.
  22. Sarkar D and Dutta G (2012) A Framework for Project Risk Management for the Underground Corridor Construction of Metro Rail, International Journal of Construction and Project Management, 2012, Vol. 4, No. 1 pp1-19.
  23. Development of a Utility Function for Airline Travel: a Logarithmic goal Programming Approach, 2011, International Journal of Revenue Management, Vol. 5, No. 4, pp. 277-299.
  24. Dutta G. and Ghosh, A Passenger Revenue Management System (RMS) for a National Railway in an Emerging Asian Economy, Journal of Revenue and Pricing Management , Vol. 11, pp. 487–499.
  25. Desai K and Dutta. G. A dynamic Pricing Approach to Electricity Prices in the Indian Context,  International Journal of Revenue Management, Vol. 7, Nos. 3/4, 2013 pp. 268-288
  26. Narain Gupta, Goutam Dutta and Robert Fourer, An Expanded Database Structure for a Class of Multi-period, Stochastic Mathematical Programming Models for Process Industries" has been accepted for publication in Decision Support Systems (April 2014)
  27. Goutam Dutta, Priyanko Ghosh, Arushi wanchoo, (2014) A Logarithmic Goal Programming Approach to Develop the Utility Function for a Railway Travel, Accepted for Publication in International Journal of Revenue Management
  28. Goutam Dutta, Divya Pachisia, (2014) Comparison of Forecasting Techniques in Revenue Management for a National Railway in an Emerging Asian Economy   Accepted for Publication in International Journal of Revenue Management
 

Publications (Non Refereed Journal)

  1. Dutta G., Sinha G.P., and Roy P.N. 2000, "A Product Mix Optimizer for an Integrated Steel Plant", IIMB Management Review, December pp. 80-86.
  2. Dutta G., 2002 " Teaching Applied OR in India's Harvard Business School" OR/MS Today, pp 28-31.
  3. Dutta G., 1999. "Chinese Entry Wins IFORS OR in Development Prize" OR/MSToday, Vol. 26, No.5, pp.48.
  4. Dutta G. and Tripathy A, 1998 "OR in India: Country of Contrasts" OR/MS Today, Vol. 25, No 1, pp. 28-31.
  5. Dutta G.1998, ''Can Developing Countries Beat Developed Countries in OR Practice"  Developing Countries Newsletter, International Federation of Operational Research   Societies. Vol. 98 No. 2 pp. 15-16
  6. Dutta G. 1993 "IFORS-OR Around the World", OR/MS Tomorrow. Vol.11, No. 1   pp.5. 

 

WORKING PAPERS

Sl.No.
W P No.
TitleAuthor(s)
1.       
2014-10-01
Forecast Accuracy Along Booking Profile in the National Railways of an Emerging Asian Economy: Comparison of Different TechniquesDutta, Goutam; Pachisia, Divya
2.       
2014-06-02
Database strucdture for a multi stage stochastic optimization based Decision Support System for Asset-Liability Management of a Life Insurance CompanyHarish Rao, Dutta, Goutam; Basu, Sankarshan
3.       
2014-04-04
A multi-priod two stage stochastic programming based design support system for strategic planning in process industries: A case of an integrated iron and steel companyGupta, Narain; Fourer, Robert; Dutta, Goutam
4.       
2013-12-07
A Dynamic Pricing Approach on Electricity Prices in Indian ContextDesai, Kinnary; Dutta, Goutam
5.       
2013-12-05
An Expanded Database Structure for a Class of Multiperiod, Stochastic Mathematical Programming Models for Process IndustriesGupta, Narain; Dutta, Goutam; Fourer, Robert
6.       
2013-09-06
A Logarithmic Goal Programming Approach to Develop the Utility Function for Railway TravelDutta, Goutam; Ghosh, Priyanko; Wanchoo, Arushi
7.       
2011-02-05
A Framework of project Risk Management for the Underground Corridor Construction of Metro RailSarkar, Debasis; Dutta, Goutam
8.       
2008-12-06
An Optimization-Based Decision Support System for Strategic Planning in a Process Industry: The Case of an Aluminum Company in India
Goutam Dutta,
Narain Gupta,
Robert Fourer
9.       
2008-12-05
Development of Utility Function for Life Insurance Buyers in the Indian Market
Goutam Dutta,
Sankarshan Basu, Jose John
10.    
2008-08-01
Design and Application of Risk Adjusted Comulative Sum (RACUSUM) for Online Strength Monitoring of Ready Mixed Concrete
Debasis Sarkar;
Dutta Goutam
11.    
2007-05-05
Database Structure for a Class of Multi-Period Mathematical Programming Models (Revised-May 07)Dutta Goutam ; Fourer Robert
12.    
2006-10-08
A Stochastic Linear Programming Model for Asset Liability Management: The Case of an Indian Insurance CompanyGarg Ankur ; Tiwari Apoorva ; Dutta Goutam ; Basu Sankarshan
13.    
2006-08-02
An Optimization-Based Decision Support System for Strategic Planning in a Process Industry: The Case of a Pharmaceutical Company in IndiaDutta Goutam ; Fourer Robert ; Majumdar Akhilesh ; Dutta Debabrata
14.    
2006-07-04
Capacity Management of Intensive Care Units in a multi-specialty Hospital in IndiaVohra Seema ; Dutta Goutam ; Ghosh D.K.
15. 
2005-10-01
Artificial Neural Network Models for Forecasting Stock Price Index in Bombay Stock ExchangeMohan Neeraj ; Jha Pankaj ; Laha Arnab Kumar ; Dutta Goutam  
16.    
2004-09-06
Mathematical Modeling for Demurrage Reduction in Coal Transportation for an Indian Thermal Power Plant Bhatnagar Amit ; Gupta Ritesh ; Pappu Sriharsha ; Dutta Goutam  
17.    
2002-11-01
Estimating of Capacity of Escalators in London UndergroundPaul Davis, Goutam Dutta
18.    
2002-09-01
Term Structure Estimation in Illiquid Government Bond Markets: An Empirical Analysis for IndiaGoutam Dutta, K. Vaidyanathan and Sankarshan Basu
19.    
2002-02-04
An Optimization Based Decision Support System
for Strategic and Operational Planning in Process Industries
 
Goutam Dutta
Robert Fourer
20.    
2000-06-01
A Survey of Mathematical Programming Applications In Integrated Steel Plants
Goutam Dutta
Robert Fourer
21.    2000-01-06Database Structure for a Class of Multi-Period Mathematical Programming ModelsGoutam Dutta
22.    
1999-09-06
A Multi-Period Optimization Based Decision Support System for Strategic and Operations Planning
Goutam Dutta
Robert Fourer
23.    
1999-09-05
A System Dynamics Simulation Model of a Blast Furnace
Goutam Dutta
Medha Ashtekar
24.    
1999-09-04
Operations Research for Developing Countries: A Different ViewGoutam Dutta
25.    
1999-09-03
An Application of Optimization Based Decision Support System in a Polymer Manufacturing Company in IndiaGoutam Dutta
26.    
1999-09-02
Lessons for Success in OR/MS Practice Gained from Experiences in Indian and US Steel PlantsGoutam Dutta

 

Management Cases

  1. Singh S, Challa A and Dutta G, Revenue Mangement Implementation Challenges, Case of Swagatam Hotel in Kolkata, India
  2. Dutta G., " Jindal Vijaynagar Steel Limited- Installation of COREX-I and II,  Project Feasibility Study (Case A)
  3. Dutta G. 2002, "Jindal Vijaynagar Steel Limited, Project Monitoring (Case B)"
  4. Dutta G and Peshin S 2004, " My Page Pharmacia"
  5. Dutta G. and Ashtekar M, 1999 " Revenue Management in Western Airlines"
  6. Dutta G., 2001  "Yield Management in National Airlines"

Consulting

 

Awards & Honors

Year Awards & Honors
   

 

Thoughts

 

 
Staging Enabled