PhD, Operations Management, University of Waterloo, Canada
MEng, Industrial Systems Engineering, Asian Institute of Technology, Thailand
BEng, Production Engineering, Jadavpur University, India
Bronfman Building, [Map]
1001 rue Sherbrooke Ouest
Dr. Ray joined the Operations Management area of the Desautels Faculty of Management in 2001, after finishing his Phd from the University of Waterloo (1998-2001). Dr. Ray holds a bachelor degree in Production Engineering, and a master's degree in Industrial and Systems Engineering. In addition, he worked for about five years in India in supply management and project management sectors.
Dr. Ray's research interest can broadly be categorized as supply chain management. He is specifically interested in studying supply chain risk management, retail operations management, and supply chain issues related to agri-food and natural resources sectors. Most of his research is at the interface of operations and marketing. His research has been accepted/published in such reputed journals like Management Science, Operations Research, Manufacturing and Service Operations Management (M&SOM), Marketing Science, Quantitative Marketing & Economics (QME), Production and Operations Management (POMS), IIE Transactions, Naval Research Logistics, European Journal of Operational Research and International Journal of Production Economics. He has also presented his research in a number of international conferences. In addition, Dr. Ray presently holds/held a number of grants from almost all the major granting in Canada (NSERC, SSHRC, CIHR) and Quebec (FQRSC and FRSQ). He has been awarded the prestigious Desautels Faculty Scholar award twice for his research achievements. In addition, he is a Senior Editor for POMS and Associate Editors for M&SOM and IIE Transactions.
Dr. Ray's teaching interests are also related to operations and supply chain management. He teaches the core operations management at the MBA level and have taught courses on operations strategy and technology/process implementation at undergraduate and graduate levels. He has been awarded multiple teaching awards including Teaching Excellence Award from Quebec Government and Desautels Teaching Award for Undergraduate Teaching.
Moreover, Dr. Ray is presently the Associate Dean of Research and International Relations at the Desautels Faculty of Management as well as the Director of the Global Manufacturing and Supply Chain Management (GMSCM) Program. The latter is a graduate program jointly offered by Desautels and School of Management of Zhejiang University in Hangzhou (China). In addition, he is also presently the Academic Directors for Program for International Competitiveness and McGill Center for the Convergence of Health and Economics. He has also served as the Director of the PhD program in the faculty.
MGCR 652 Value Creation 4 Credits
Offered in the:
Papers in Peer-Reviewed Journals
Haresh Gurnani, Karthik Ramachandran, Saibal Ray and Yusen Xia. Ordering Behavior Under Supply Risk: An Experimental Investigation, forthcoming in Manufacturing & Service Operations Management.
Mehmet Gumus, Saibal Ray and Shuya Yin. (2013) Returns Policies Between Channel Partners for Durable Products with Used Goods Markets, Marketing Science, 32, 4, 622-643.
Mehmet Gumus, Shanling Li, Wonseok Oh and Saibal Ray. (2013) Shipping Fees or Shipping Free? A Tale of Two Price Partioning Strategies in Online Retailing, Production and Operations Management, 22, 4, 758-776.
Arcan Nalca, Tamer Boyaci and Saibal Ray (2013). Equilibrium Analyisis of the Availability Verification Clause Under Demand Uncertainty, Management Science, 59, 971-986.
Mehmet Gumus, Saibal Ray and Haresh Gurnani. (2012) Supply Side Story: Risks, Guarantees, Competition and Information Asymmetry, Management Science, 58, 9, 1694- 1714.
Haresh Gurnani, Mehmet Gumus, Saibal Ray and Tridip Ray. (2012) Optimal Procurement Strategy Under Supply Risk, 29, 1, Asia-Pacific Journal of Operational Research, 1-31.
Sachin Jayswal, Elizabeth Jewkes and Saibal Ray. (2011) Product Differentiation and Operations Strategy in a Capacitated Environment, 210, European Journal of Operational Research, 716-728.
Arcan Nalca, Tamer Boyaci and Saibal Ray. (2010) Competitive Price Matching Guarantees Under Imperfect Product Availability, Quantitative Marketing and Economics, 8, 3, 275-300.
Shuya Yin, Saibal Ray, Haresh Gurnani and Animesh Animesh. (2010) Durable Products with Multiple Used Goods Markets: Product Upgrade and Retail Pricing Implications, 29, 3, Marketing Science, 540-560.
Saibal Ray, Yuyue Song and Manish Verma. (2010) Comparison of Two Periodic Review Models for Stochastic and Price-Sensitive Demand Environment, International Journal of Production Economics, 128, 1, 209-222.
Yuyue Song, Saibal Ray and Tamer Boyaci. (2009) Optimal Dynamic Joint Inventory- Pricing Control for Multiplicative Demand with Fixed Order Costs and Lost Sales, Operations Research, 57, 1, 245-250.
Yuyue Song, Saibal Ray and Shanling Li. (2008) Structural Properties of Buyback Contracts for Price-Setting Newsvendors, 10, 1, Manufacturing and Service Operations Management, 1-18.
Tamer Boyaci and Saibal Ray. (2006) The Impact of Capacity Costs on Product Differentiation in Delivery Time, Delivery Reliability and Price, Production and Operations Management, 15, 2, 197-197.
Yigal Gerchak, Richard Cho and Saibal Ray. (2006) Coordination of Quantity and Shelf-Retention Timing in the Video Movie Rental Industry, IIE Transactions, 38, 7, 525-536
- Featured in the professional magazine Industrial Engineer, December 2005, 55.
- Awarded IIE Transactions on Scheduling and Logistics Best Application Paper Award.
Frank Chen, Saibal Ray and Yuyue Song. (2006) Optimal Pricing and Inventory Control Policy in Periodic-Review Systems with Fixed Ordering Cost and Lost Sales, Naval Research Logistics, 53, 2, 117-136.
Saibal Ray, Shanling Li and Yuyue Song. (2005) Tailored Supply Chain Decision-Making Under Price-Sensitive Stochastic Demand and Delivery Uncertainty, Management Science, 51, 12, 1873-1891.
Saibal Ray, Yigal Gerchak and Elizabeth Jewkes. (2005) Joint Pricing and Inventory Policies for Make-to-Stock Products with Deterministic Price-Sensitive Demand, International Journal of Production Economics, 97, 2, 143-158.
Saibal Ray. (2005). An Integrated Operations-Marketing Model for Innovative Products and Services, International Journal of Production Economics, 95, 3, 327-345.
Saibal Ray, Tamer Boyaci and Necati Aras. (2005) Optimal Prices and Trade-in Rebates for Durable, Remanufacturable Products, Manufacturing & Service Operations Management, 7, 3, Summer, 208-228.
Saibal Ray and Elizabeth Jewkes. (2004) Customer Lead time Management when Both Demand and Price are Lead Time Sensitive, European Journal of Operational Research, 153, 3, 769-781.
Saibal Ray, Yigal Gerchak and Elizabeth Jewkes. (2004) The Effectiveness of Investment in Lead Time Reduction for a Make-To-Stock Product, IIE Transactions, 36, 333-344.
Tamer Boyaci and Saibal Ray. (2003) Product Differentiation and Capacity Cost Interaction in Time and Price Sensitive Markets, Manufacturing & Service Operations Management, 5, 1, Winter, 18-36.
Yigal Gerchak, Elkafi Hassini and Saibal Ray. (2002) Capacity Selection under Uncertainty with Ratio Objectives, European Journal of Operational Research, 143, 1, 138-147.
Books and Edited Volumes
Co-Edited; “Supply Chain Disruptions: Theory and Practice of Managing Risk” jointly with Haresh Gurnani and Anuj Mehrortra of University of Miami (Publisher: Springer, London; ISBN: 0857297775)
Xiaofeng Nie, Tamer Boyaci, Mehmet Gumus, Saibal Ray and Dan Zhang. Joint Procurement and Demand-side Bidding Strategies Under Price Volatility, under review in Production and Operations Management.
Xiao Huang, Tamer Boyaci, Mehmet Gumus, Saibal Ray and Dan Zhang. United we Stand, divided we Fall: Strategic Supplier Alliances Under Default Risk, revised and resubmitted to Management Science.
Arcan Nalca, Tamer Boyaci and Saibal Ray. Product (Mis)Fit Information and Strategic Channel Decisions in Store Brand Context, under revision for resubmission to Production and Operations Management.
Murat Erkoc, Haresh Gurnani, Mingzhou Jin and Saibal Ray. Managing Quality Investment, Pricing and Inspection Decisions in Decentralized Supply Chains, under revision for resubmission to Manufacturing & Service Operations Management.
Jing Zhu, Tamer Boyaci and Saibal Ray. Horizontal Mergers and Inventory Management Performance
Yuhong He, Shuya Yin and Saibal Ray. Strategic Alliances, Product Durability and Consumer Behavior.
Aditya Jain, Sameer Mathur and Saibal Ray. Impact of Entry of Big Box Retailers on Emerging Economies
Aditya Jain, Mehmet Gumus and Saibal Ray. MRP Restriction and Retail Pricing Strategies in Emerging Economies.
Tamer Boyaci, Saibal Ray, Jing Zhu and Yigal Gerchak. Consequences of Temporal Buybacks Practiced in the Book Industry.
Research Awards / Recognitions
2007-2010, 2011-2014: Desautels Faculty Scholar Award
2007, 2009, 2010: Merit award from M&SOM (Manufacturing and Service Operations Management) Journal
2009, 2010: Merit award from Management Science
2008: IIE Transactions on Scheduling and Logistics Best Application Paper Award - "Coordination of Quantity and Shelf-Retention Timing in the Video Movie Rental Industry,".
PhD student Sachin Jayswal (University of Waterloo) got the following awards for our joint work:
- Canadian Operational Research Society student paper 1st prize for the paper “Price and Time Differentiation in a Capacitated, Competitive Environment”
- Canadian Operational Research Society student paper prize (honourable mention) for the paper “Product Differentiation & Operations Strategy in a Capacitated Environment”
- Best Student Research Paper Award, University of Waterloo, Mgmt Sc Dept for two consecutive years for the above two papers
2006: Selected for OM Emerging Scholars Meeting for POMS, Boston
2002: Dissertation nominated for the Governor General’s Gold Medal Prize at the University of Waterloo
2002: Dissertation nominated for the NSERC Research Council Doctoral Prize, 2002.
2000: Best Student Research Paper Award, Department of Management Sciences, University of Waterloo
2009 Quebec Teaching Excellence Award, (Given by Government of Quebec)
2009: Awarded Desautels Teaching Award for Undergraduate Teaching
2004: Nominated for the Principal’s Prize for Excellence in Teaching (Assistant Professor Category) from the Faculty of Management
2004: Honorable mention, Management Undergraduate Society’s Teacher of the Year Award
2000: Best Teaching Assistant Award from the Department of Management Sciences, University of Waterloo
Academic Honors / Scholarships
1999-2000: Faculty of Engineering Scholarship for academic excellence, University of Waterloo
1998: Graduate Entrace Scholarship, University of Waterloo
1997: Best Masters Student: Tim Kendall Gold Medal as the most outstanding graduate of the class at the Asian Institute of Technology, Bangkok, Thailand
1996-1997: Thailand King’s Scholarship for graduate studies
1992: Best Undergraduate Student: University Gold Medal as the best graduating student of the class at Jadavpur University, Calcutta, India
2012-2017: Individual Research (Discovery) Grant from Natural Sciences and Engineering Research Council (NSERC) of Canada; Topic: Improving Visibility, Risk Management and Economic Sustainability of Supply Chains
2008-2011: Group Grant (Special for Business and Management) from Social Sciences and Humanities Research Council (SSHRC) of Canada; Topic: Operational Risk Management in Supply Chains
2006-2012: Individual Research (Discovery) Grant from NSERC; Topic: Optimal Customization of Supply Chains in Dynamic Environments
2012-2013: Shastri Indo-Canadian Institute Team Grant; Topic: Sustainable Food Value Chains in the Indian Context
2011-2014, 2007-2010: Desautels Faculty Scholar Award (Endowed Chair); Topic: Research in Supply Chain Management
2011-2012: Group Grant from Economic Development Agency of Canada (EDC) (with Conference Board of Canada); Topic: Integrating Quebec SMEs into Production Networks of MNCs to Heighten Levels of Competitiveness & SME Manufacturers in Quebec: Providing Services to Foster Growth
2011-2012: Group Grant from Canadian Purchasing Research Foundation part of Purchasing Management Association of Canada (PMAC) – PI; Topic: Impact of Emerging Markets on Canadian Firms
2011-2012: CIHR (Canadian Institute of Health Research) Team Grant (PI: Prof. Laurette Dube); Topic: Foundational Work for a Brain-to-Society Diagnostic for Prevention of Childhood Obesity and its Chronic Diseases Consequences
2010-2013: Fonds Québécois de la Recherche sur la Société et la Culture (FQRSC) Team Grant (PI: Prof. Laurette Dube); Topic: Comportement du consommateur et dynamique de production, distribution et compétition en alimentation (Consumer behavior and dynamics of production, distribution and competition for food)
2002-2006: Individual Research (Discovery) Grant from NSERC; Topic: Design of Demand-Responsive Supply Chains
2003-2006: New Researcher Grant (Individual) from Fonds Québécois de la Recherche sur la Société et la Culture (FQRSC); Topic: Decision-making for Tailored Supply Chains: An Integrated Operations-Marketing Approach
2007-2010: FRSQ (Fonds de la recherche en santé du Québec) Team Grant (PI: Prof. Vedat Verter); Topic: Simulation-based decision support methodology: A tool for enhancing Emergency Department Management