Jo Min

Jo Min

Associate Professor

Research Interests

Dr. Min’s research areas are economic decisions under uncertainties (real options; risk management; financial engineering), pricing and costing theory, efficient/effective design of economic systems and policy productivity. Application areas are in energy, materials, environmental, production, education, and government systems. Examples are: the planning of renewable power generation, the management of closed-loop supply chains with remanufacturing, the environmental stewardship on emission control and product reuse, and educational, industrial, and governmental outcomes assessment and continuous improvement.

Recent Publications

  1. Shi, W. and K. J. Min, “A Study of Product Weight and Collection Rate in Closed-Loop Supply Chains with Recycling,” IEEE Transactions on Engineering Management, Vol. 60, pp. 409-423, 2013.
  2. Min K. J., J. Jackman, and D. Gemmill, “Assessment and Evaluation of Objectives and Outcomes for Continuous Improvement of an Industrial Engineering Program,” International Journal of Engineering Education, Vol. 29, pp. 520-532, 2013.
  3. Shi, W. and K. J. Min, “Product Remanufacturing: A Real Options Approach,” accepted for publication in IEEE Transactions on Engineering Management, 2013.
  4. Wang, C. and K. J. Min, “Electric Power Plant Valuation Based on Day-Ahead Spark Spreads,” The Engineering Economist, vol. 58, pp. 157-178, 2013; An accompanying article in IE Magazine (2013).
  5. Daniel, S., C. Lou, and K. J. Min, “Economic Models for Cogeneration Facilities and Host Utilities under the Right to Sell Provision,” accepted for publication in Electric Power Systems Research, 2013.
  6. Min, K. J., C. Lou, and C. Wang, “An Exit and Entry Study of Renewable Power Producers: A Real Options Approach,” Engineering Economist, vol. 57, pp. 55-75, 2012; An accompanying article in IE Magazine (2012)
  7. Wang, C. and K. J. Min, “Improving Financial Performance with Hedging Via Forwards for Electric Power Generation Companies,” Engineering Economist, September 2010.
  8. Wang, C. and K. J. Min, “Short-Term Electric Power Trading Strategies for Portfolio Optimization,” The Engineering Economist, Special Issue on Energy Economics, Vol. 53, pp. 365-379, 2008.
  9. Li, J., K. J. Min, T. Otake, and Van Voorhis, “Inventory and Investment in Setup and Quality Operations under Return on Investment Maximization,” European Journal of Operational Research, Vol. 185, pp. 593-605, 2008.
  10. Wang, C. and K. J. Min, “Electric Power Generation Planning for Inter-Related Projects: A Real Options Approach,” IEEE Transactions on Engineering Management, Vol. 53, pp. 312-322, 2006.

IMSE Courses Taught

IE 341. Production Systems
IE 403/503. Introduction to Sustainable Production Systems
IE 508. Design and Analysis of Allocation Mechanisms
IE 541. Inventory Control and Production Planning
IE 631. Nonlinear Programming

Click here for full course descriptions



Office: 3034 Black Engineering
Phone: 515-294-8095
Fax: 515-294-3524


Ph.D., University of California
Berkeley, May 1990

M.S., University of California
Berkeley, December 1985

B.S., summa cum laude
University of California, Los Angeles, June 1984

Curriculum Vita