Mustafa Akan

Mustafa Akan

Associate Professor, Operations Management

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Biography

Mustafa Akan is an associate professor of operations management at Tepper School of Business, CMU. His thesis received the Best Dissertation Award of the Aviation Applications Section of INFORMS in 2008. He held the Xerox Faculty Chair in 2009 and served as the Operations Management and Manufacturing Ph.D. program coordinator in 2009-2011. He is the co-recipient of the 2009 INFORMS Best Paper in Service Science, POMS 2012 Healthcare Best Paper awards, and the 2013 Lave-Weil Prize. Akan won the Gerald L. Thompson Teaching Award in 2014 at Carnegie Mellon University. He received the NSF CAREER Award in 2014. His research interests include pricing and revenue management, mechanism design, liver allocation, matching markets, child adoption, stochastic modeling, queueing theory, manufacturing and service operations management, and healthcare delivery systems.

Education

Ph.D., Managerial Economics and Strategy, Northwestern University 

B.S., Industrial Engineering, Bilkent University.

Research Description

Mustafa Akan's research interests span the areas of (i) revenue management, (ii) health care, and (iii) manufacturing and service operations. In each of these areas, he aims to link theory to applications and practice (or policy). His research agenda considers traditional operations management problems (involving dynamics and uncertainty) in sound economics settings (based on rational and strategic agents). Mustafa Akan examines a wide domain of problems and utilizes a broad set of scientific methods. In the process, he has established connections with industry and the medical community.

Research Keywords

Revenue Management: Both traditional OR models of revenue management and the modern models which incorporate strategic consumer behavior

Health Care Management: Improvement of the operational efficiency in health care delivery system with a particular focus on liver allocation, mitigating risks/costs of anti-coagulation treatment, diagnostic test ordering by physicians, child adoption

Manufacturing and Service Operations Management: Assemble-to-order inventory systems, leadtime quotation, service contracts, strategic queueing, two-sided markets

Publications

T. Dai, M. Akan, and S. Tayur (2016) “Imaging Room and Beyond: The Underlying Economics Behind Physicians’ Test Ordering Behavior in Outpatient Services. ” Manufacturing & Service Operations Management. Published Online: November 14, 2016

Slaugh, S., M. Akan O Kesten, U. Unver (2016). “The Pennsylvania Adoption Exchange Improves Its Matching Process”. Interfaces. Vol. 46 Issue 2, March-April 2016, pp. 133-153.

Nadar, E., M. Akan, and A. Scheller-Wolf. (2015) “Experimental Results Indicating Lattice-Dependent Policies May Be Optimal for Assemble-to-Order Systems”. Production and Operations Management. published online: 7 OCT 2015.

Akan, M., B. Ata and J. Dana. (2015) “Revenue Management by Sequential Screening. ” Journal of Economic Theory. Vol. 159 (B), p. 728–774.

Akan, M. and B. Ata. (2015). “On Bid-Price Controls for Network Revenue Management. ” Stochastic Systems. Vol. 5, No. 2, 268–323.

Nadar, E., M. Akan, and A. Scheller-Wolf. (2014) “Optimal Structural Results for Assemble-to-Order M-Systems” Operations Research. 62 (3) pp. 571-579.

Akan, M., B. Ata and R. C. Savaskan-Ebert. (2013) "Dynamic Pricing of Remanufacturable Products Under Demand Substitution: A Product Life Cycle Model" Annals of Operations Research. Vol. 211, Issue 1, pp 1-25.

Akan, M., B. Ata and T. Olsen. (2012) “Congestion-Based Leadtime Quotation for Heterogenous Customers with Convex-Concave Delay Costs: Optimality of a Cost-Balancing Policy Based on Convex Hull Functions". Operations Research. Vol. 60 No. 6. pp. 1505-1519.

Akan, M., O. Alagoz, B. Ata., F.S. Erenay, and A. Said. (2012) “A Broader View of Designing the Liver Allocation System”. Operations Research. Vol. 60, No. 4. pp. 757-770.

Radhakrishnan, A., D. Vido, S. Tayur, M. Akan, and S. Murali, (2012) "Genotype Guided Therapeutic Dosing Of Warfarin In Geriatric Patients", Journal of the American College of Cardiology, Vol. 59, No. 13. pp. E1696-E1696.

Akan, M., B. Ata., and M. Lariviere. (2011) “Asymmetric Information and Economies of Scale in Service Contracting”. Manufacturing & Service Operations Management. Vol. 13, No. 1, pp. 58-72.

Said, A., S. Erenay, M. Akan, O. Alagoz, B. Ata. (2009) "Optimizing Liver Allocation Policy" Hepatology, Volume 50, No. 4 (Suppl), 732. pp. 647A-648A.

Akan, M. and B. Ata. (2009) “Bid-Price Controls for Continuous Time Network Revenue Management: Martingale Characterization of Optimal Bid Prices” Mathematics of Operations Research. Vol. 34, No. 4, pp. 912-936.

Akan, M., O. Alagoz, B. Ata., F.S. Erenay, and A. Said. (2009) "Design of an Optimal Liver Allocation System" Proceedings of the 60th Annual Meeting of the American Association for the Study of Liver Diseases (AASLD).

Alagoz, O., M. Akan, B. Ata., F.S. Erenay, (2008) "A Fluid Dynamic Model to Optimize the Liver Allocation System" Proceedings of 2008 NSF Engineering Research and Innovation Conference, Knoxville, TN.

Working Papers

M. Akan and S. Boranbay (2016). “Budget Procedures for NPO Funding”. Under review at Production and Operations Management.

E. Nadar, Akcay, A., M. Akan, and A. Scheller-Wolf (2016) “Replenishment and Fulfillment Based Aggregation for General Assemble-to-Order Systems” Under review at Operations Research.

M. Akan, Leung, N.Z., Tayur, S., Markmann, J., and Yeh, H. (2016) “MY-ATLAS: Mapping HCC Tumor Biology to Compute Equitable Exception Points”

P. Afeche and M. Akan (2016) “Pricing in a Two-sided Market with Time-sensitive Customers and Suppliers”

M. Akan, M. Delasay, I. Gurvich. (2016) "Design of Information Acquisition Points in Queueing Networks"

E. Nadar, M. Akan, L. Debo, and A. Scheller-Wolf (2015) “Optimal Portfolio Strategies For New Product Development”

S. Doroudi, M. Akan, M. Harchol-Balter, J. Karp, C. Borgs, and J. T. Chayes. (2015) "Priority Pricing in Queues with a Continuous Distribution of Customer Valuations"

M. Akan and J. Poblete (2014) “When Are Agents Partners? ”

University Service

  • The University Non-Tenure Committee (2016 – present)
  • Member, Undergraduate Academic Actions Committee (2015 – present)
  • Member, Undergraduate Educational Affairs Committee (BA-EAC) (2014 – present)
  • Faculty Adviser, UG Consulting Club (2014 – present)
  • Member, Undergraduate Curriculum Review Committee (2013–14)
  • Track Advisor, Manufacturing Management and Consulting (MMC) (2013 – present)
  • William W. Cooper Doctoral Dissertation Award Committee (2013 – present)
  • Coordinator, OM Seminar Series (2012–14 through 2015–17)
  • PhD Coordinator, Operations Management Area (2009–11)  
  • Thompson Dissertation Award Committee (2009)

Consulting

Supply Chain Wizard, Princeton, New Jersey

Professional Activities

  • Panelist, NSF (2013 – 2015)
  • Judge, POMS College of Supply Chain Best Student Paper Competition (2011–12)
  • Judge, MSOM Student Paper Competition, INFORMS (2009 – 2011)
  • Conference Cluster Chair, Aviation Applications Track, INFORMS Annual Meeting, San Diego (2009)    
  • Conference Session Chair, 2nd International Industrial Organization Conference, Washington D.C. (2008)
  • Conference Session Chair, INFORMS Annual Meeting (2007 – 2016)

Courses Taught

UNDERGRADUATE

OPERATIONS MANAGEMENT (70371)
Fall 2016 Section: A, B
Spring 2016 Section: A
Fall 2014 Section: A
Spring 2014 Section: A
2012 Section: A
2010 Section: A, B
2008 Section: A, B

QUALITY PRINCIPLES AND TECHNIQUES (70474)
Spring 2014 Section: A
Fall 2014 Section: A
Spring 2014 Section: A
Fall 2014 Section: A

SERVICE OPERATIONS MANAGEMENT (70476)
2014 Section: A

 

MBA

DEMAND MANAGEMENT AND PRICE OPTIMIZATION (45860)
2016 Mini 1 Section: E
2015 Mini 1 Section: A

PHD

Strategic Queueing Models (47770)
Spring 2016 Mini 4 Section: A

Seminar in Manufacturing Management III (47761)
2010 Mini 3 Section: A

POM Seminar in Revenue Management (47763)
2013 Mini 3 Section: A

Industry Projects

"CAREER: Design of Two-sided Markets In Dynamic and Uncertain Environments: Theoretical and Operational Issues" 

National Science Foundation (NSF)

February 2014 – January 2019  ($400,000)

Role: Principal Investigator

 

 

"Priority Pricing for Profit Maximization Given Strategic, Delay-Sensitive Customers with a Continuum of Types" 

National Science Foundation (NSF)

September 2013 – August 2016  ($289,987)

Role: Principal Investigator

(with Professor Mor Harchol-Balter, SCS, Carnegie Mellon)

 

 

“A Market Design Approach to the Adoption of Children in State Custody”

Berkman Faculty Development Fund, CMU

January 2011 – December 2011 ($10,000)

Role: Principal Investigator

 

 

“Influence of Genetic Variants in the Therapeutic Dosing of Warfarin in the Geriatric Population: A Randomized Clinical Trial”

Allegheny General Hospital

September 2009 – February 2012 ($20,000)

Role: Co-Principal Investigator

(with Professors Sridhar Tayur, Tepper School, Carnegie Mellon; and Srinivas Murali, Temple University School of Medicine; Anita Radhakrishnan, Allegheny General Hospital)