Jo Min

Jo Min

Associate Professor
Associate Chair, Director of Undergraduate Education

Research Interests

Dr. Min’s research areas are economic decisions under uncertainties (risk management, engineering valuation, real options), design of economic systems and policies, operational and strategic improvement in productivity. Application areas are in energy, materials, environmental, production, education, and government systems. Examples are: the planning of transmission networks under uncertainty (read the paper), the renewable power generation expansion, 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.” Dr. Min, with Dr. Jackman, recently started an NSF project titled, “Critical Life-Cycle Decision Making in Complex Engineering Projects for Engineering Economy Courses” (see more details at

Recent Publications

  1. Shi, W. and K. J. Min, 2015, “Remanufacturing Decisions and Implications under Material Cost Uncertainty,” International Journal of Production Research – Special Issue on Green Manufacturing, Vol. 53, pp. 6421-6435.”
  2. Shi, W. and K. J. Min, “Product Remanufacturing and Replacement Decisions Under Operations and Maintenance Cost Uncertainties,” The Engineering Economist – Special Issue on Engineering Economics in Reliability, Replacement and Maintenance, Part 1, Vol. 59, pp. 154-174, 2014.
  3. Shi, W. and K. J. Min, “Product Remanufacturing: A Real Options Approach,” IEEE Transactions on Engineering Management, Vol. 61, pp. 237-250, 2014.
  4. 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.
  5. 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).
  6. Daniel, S., C. Lou, and K. J. Min, “Economic Models for Cogeneration Facilities and Host Utilities under the Right to Sell Provision,” Electric Power Systems Research, Vol. 103 pp. 214– 222,2013.
  7. 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.
  8. 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, 2012An accompanying article in IE Magazine (2012).
  9. Wang, C. and K. J. Min, “Improving Financial Performance with Hedging Via Forwards for Electric Power Generation Companies,” Engineering Economist, Vol. 55, pp. 246–267, 2010; An accompanying article in IE Magazine (2010). An accompanying article in IE Magazine (2010).
  10. 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.
  11. 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.
  12. 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