Jim Shi
(Jim Shi)
Professor of Supply Chain Management, MT School of Management
Leir Chair in Business, Technology and Society
Leir Chair in Business, Technology and Society
4012 Central Avenue Building (CAB)
About Me
Dr. Jim Shi is the Henry J. Leir Chair Professor at NJIT. Previously, he held the Hurlburt Chair professorship (2019-2022). His research interests lie in Supply Chain Management (SCM), Business Data Sciences (BDS), Financial Technology (FinTech), Logistics, Disruptive Technology (e.g., Blockchain) for SCM, Crowdsourcing Economics, Supply Chain Risk, Resiliency and Sustainability, Healthcare Operations, etc. Some of his current research is on the interface between Finance, Supply Chain Management, and Marketing.
Jim Shi is a recipient of IBM Faculty Award (2019), Excellence in Teaching Award (NJIT University- and College-wide), Robert W. Van Houten Award for Teaching Excellence, Outstanding Faculty Research Award (NJIT University- and College-wide). His teaching excellence has awarded him as the Master Teacher Designation 2022 (the highest teaching recognition at NJIT). Nationally, he has been selected as one of the Poets & Quants' 50 Best Undergraduate Professors for 2021. Internationally, Dr. Shi is the receipt of 2022 INFORMS Prize for Teaching OR/MS Practice.
His research appears at numerous scholarly top-tier journals (e.g., FT50 and UTD24) such as Operations Research (OR), Manufacturing & Service Operations Management (MSOM), Production and Operations Management Society (POMS), Decision Sciences Journal (DSJ), Naval Research Logistics (NRL), European Journal of Operations Research (EJOR), Transportation Research Part E (TRE), Computers & Industrial Engineering (CAIE), International Journal of Production Economics (IJPE), Annals of Operations Research (ANOR), Omega (the International Journal of Management Science), Operations Research Letter (ORL), etc. His research has been funded by USDA, IBM, Leir Charitable Foundations, NYSHEX, etc. Dr. Jim Shi has been serving for multiple editorial roles.
He is currently serving as Area Editor for Omega, Associate Editor for Decision Sciences Journal (DSJ) and Data Science and Management (DSM). He also serves as a member of the Editorial Board for Production and Operations Management (POMS) and DSJ.
Dr. Shi’s teaching interests include Financial Technology (FinTech), Data Analytics, Business Analysis, Business Statistics, Management Science, Decision Science, Supply Chain Management, Operations Management, etc. He has taught at several institutes including NJIT, Robinson College of Business at GSU, Rutgers Business School, Hong Kong University of Science and Technology (HKUST), and University of Toronto.
Journal Editor : Omega Editor for the area of Technology-driven Operations and Management Science (TOMS)
Associate Editor : Decision Sciences Journal (DSJ),
Data Science and Management (DSM).
Guest Editor : FinTech, Mathematics
Editorial Board : POMS, DSJ, OMEGA, IJBAN, FIN.
Board and Co-Chair: CSCMP NY/NJ Round Table
Jim Shi is a recipient of IBM Faculty Award (2019), Excellence in Teaching Award (NJIT University- and College-wide), Robert W. Van Houten Award for Teaching Excellence, Outstanding Faculty Research Award (NJIT University- and College-wide). His teaching excellence has awarded him as the Master Teacher Designation 2022 (the highest teaching recognition at NJIT). Nationally, he has been selected as one of the Poets & Quants' 50 Best Undergraduate Professors for 2021. Internationally, Dr. Shi is the receipt of 2022 INFORMS Prize for Teaching OR/MS Practice.
His research appears at numerous scholarly top-tier journals (e.g., FT50 and UTD24) such as Operations Research (OR), Manufacturing & Service Operations Management (MSOM), Production and Operations Management Society (POMS), Decision Sciences Journal (DSJ), Naval Research Logistics (NRL), European Journal of Operations Research (EJOR), Transportation Research Part E (TRE), Computers & Industrial Engineering (CAIE), International Journal of Production Economics (IJPE), Annals of Operations Research (ANOR), Omega (the International Journal of Management Science), Operations Research Letter (ORL), etc. His research has been funded by USDA, IBM, Leir Charitable Foundations, NYSHEX, etc. Dr. Jim Shi has been serving for multiple editorial roles.
He is currently serving as Area Editor for Omega, Associate Editor for Decision Sciences Journal (DSJ) and Data Science and Management (DSM). He also serves as a member of the Editorial Board for Production and Operations Management (POMS) and DSJ.
Dr. Shi’s teaching interests include Financial Technology (FinTech), Data Analytics, Business Analysis, Business Statistics, Management Science, Decision Science, Supply Chain Management, Operations Management, etc. He has taught at several institutes including NJIT, Robinson College of Business at GSU, Rutgers Business School, Hong Kong University of Science and Technology (HKUST), and University of Toronto.
Journal Editor : Omega Editor for the area of Technology-driven Operations and Management Science (TOMS)
Associate Editor : Decision Sciences Journal (DSJ),
Data Science and Management (DSM).
Guest Editor : FinTech, Mathematics
Editorial Board : POMS, DSJ, OMEGA, IJBAN, FIN.
Board and Co-Chair: CSCMP NY/NJ Round Table
Education
Ph.D.
; Rutgers Business School, Rutgers University, NJ
; Supply Chain Management
; 2010
M.B.A. ; Rutgers Business School, Rutgers University, NJ ; Finance ; 2008
M.E. ; City University of New York ; Electrical Engineering ; 2006
M.S. ; Shanghai Jiaotong University ; Applied Mathematics ; 2004
M.B.A. ; Rutgers Business School, Rutgers University, NJ ; Finance ; 2008
M.E. ; City University of New York ; Electrical Engineering ; 2006
M.S. ; Shanghai Jiaotong University ; Applied Mathematics ; 2004
Awards & Honors
2023 DSI Best Paper Award 2023, Decision Sciences Institute (DSI)
2022 INFORMS Prize for Teaching OR/MS Practice (International) 2022, INFORMS
2022 Excellence in Research Award, MTSM, NJIT
2022 Excellence in Teaching Award, MTSM, NJIT
2022 Master Teacher Designation (the highest teaching recognition at NJIT), NJIT
2022 Poets & Quants' list of the 50 Best Undergraduate Professors (Nationally / Internationally), Poets & Quants
Office Hours
Appointments
Website
2025 Fall Courses
BDS 725 - INDEPENDENT STUDY I
MGMT 316 - BUSINESS RESEARCH METHODS
BDS 792B - PRE-DOCTORAL RESEARCH
BDS 790A - DOCTORAL DISSERTATION & RES
MGMT 316 - BUSINESS RESEARCH METHODS
BDS 792B - PRE-DOCTORAL RESEARCH
BDS 790A - DOCTORAL DISSERTATION & RES
Teaching Interests
FinTech, Business Data Analytics, Production and Operations Management, Supply Chain management, Inventory theory,
Business Analytics;
Transportation and Logistics,
Business Statistics, Business Modeling, etc.
Business Analytics;
Transportation and Logistics,
Business Statistics, Business Modeling, etc.
Past Courses
FIN 306: BLOCKCHAIN TECHNOLOGY FOR BUSINESS
FIN 310: DATA-DRIVEN FINANCIAL MODELING
MGMT 216: BUSINESS DATA ANALYTICS
MGMT 216: BUSINESS STATISTICS
MGMT 316: BUSINESS RESEARCH METHODS
MGMT 682: BUSINESS RESEARCH METHODS I
FIN 310: DATA-DRIVEN FINANCIAL MODELING
MGMT 216: BUSINESS DATA ANALYTICS
MGMT 216: BUSINESS STATISTICS
MGMT 316: BUSINESS RESEARCH METHODS
MGMT 682: BUSINESS RESEARCH METHODS I
Research Interests
Business Data Sciences, Supply Chain Management, FinTech, Operations Management, Container Shipping Logistics, Blockchain and Supply Chain; Inventory Management, Stochastic Modeling and Optimization, Revenue Management,
Interface between Supply Chain Management and Finance.
Interface between Supply Chain Management and Finance.
Journal Article
Divya Tekani, Junmin Shi, Haim Grebel.
2025. "Managing renewable energy resources using equity-market risk tools - the efficient frontiers."
Energy Efficiency/ Springer .
Zhong-Ping Li, Jian-Jun Wang, Aichih Jasmine Chang, Junmin Shi. 2025. "Referral mechanisms coordinating hierarchic healthcare system: subsidy scheme versus penalty scheme." Annals of Operations Research .
Zihao Wang, Wenlong Wang, Tianjun Liu, Aichih Jasmine Chang, Junmin Shi. 2025. "IoT-driven dynamic replenishment of fresh produce in the presence of seasonal variations: A deep reinforcement learning approach using reward shaping." Omega .
Fuqin Zhou, Aichih Jasmine Chang, Junmin Shi. 2024. "How the Economic Policy Uncertainty (EPU) impacts FinTech: The implication of P2P lending markets." Finance Research Letters , vol. 70 , pp. 106268.
Aichih Jasmine Chang, Fuqin Zhou, Nesreen El-Rayes, Junmin Shi. 2024. "Food transportation and price impacted by diesel price and truck-driver shortage pre-, amid and post pandemic." Transportation Research Part E: Logistics and Transportation Review , vol. 192 .
Zhong-Ping Li, Jian-Jun Wang, Aichih Jasmine Chang, Junmin Shi. 2025. "Referral mechanisms coordinating hierarchic healthcare system: subsidy scheme versus penalty scheme." Annals of Operations Research .
Zihao Wang, Wenlong Wang, Tianjun Liu, Aichih Jasmine Chang, Junmin Shi. 2025. "IoT-driven dynamic replenishment of fresh produce in the presence of seasonal variations: A deep reinforcement learning approach using reward shaping." Omega .
Fuqin Zhou, Aichih Jasmine Chang, Junmin Shi. 2024. "How the Economic Policy Uncertainty (EPU) impacts FinTech: The implication of P2P lending markets." Finance Research Letters , vol. 70 , pp. 106268.
Aichih Jasmine Chang, Fuqin Zhou, Nesreen El-Rayes, Junmin Shi. 2024. "Food transportation and price impacted by diesel price and truck-driver shortage pre-, amid and post pandemic." Transportation Research Part E: Logistics and Transportation Review , vol. 192 .
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Conference Proceeding
"A Paradigm Shift for Tackling the Plastic Crisis: A Data-Driven Study"
DSI Annual Conference Proceeding 2022, January (1st Quarter/Winter), 2023.
"Plastic Crisis: A Business Data-Driven Study on the Evolution and Comparison of its Practice and Research"
NEDSI Annual Conference Proceeding 2022, April (2nd Quarter/Spring), 2022.
"Blockchain Technology for Agricultural Value Chain"
2022 POMS Annual Conference, April (2nd Quarter/Spring), 2022.
DSI Annual Conference Proceeding 2022, January (1st Quarter/Winter), 2023.
"Plastic Crisis: A Business Data-Driven Study on the Evolution and Comparison of its Practice and Research"
NEDSI Annual Conference Proceeding 2022, April (2nd Quarter/Spring), 2022.
"Blockchain Technology for Agricultural Value Chain"
2022 POMS Annual Conference, April (2nd Quarter/Spring), 2022.
Other
"Blockchain Technology for Supply Chain Management: A Comprehensive Review"
FinTech, June, 2022.
FinTech, June, 2022.
Chapter
Jian Yang, Yusen Xia, Junmin Shi.
"A Game of Competitive Investment: Over-capacity and Under-learning."
Supply Chain Management and Logistics: Innovative Strategies and Practical Solutions (Industrial and Systems Engineering Series), 2015.
C.F. Lee, Junmin Shi. "Application of alternative ODE in Finance and Economics research." Handbook of Quantitative Finance and Risk Management, 2010.
C.F. Lee, Junmin Shi. "Application of alternative ODE in Finance and Economics research." Handbook of Quantitative Finance and Risk Management, 2010.
Professional
Financial Innovation (FIN)
Editor, Senior Editor , 2021
Omega, The International Journal of Management Science
Editor, Associate Editor , 2021
INFORMS Annual Conference 2021
Chairperson , 2021
The 50th Annual Conference of the Operations Research Society of South Africa (ORSSA)
Chairperson , 2021
2021 INFORMS Conference on Service Science (ICSS2021)
Committee Member , 2021
2021 Post-Pandemic Supply Chain and Healthcare Management Conference
Committee Member , 2021
2021 Dana Knox Student Research Showcase
Committee Member , 2021
Editor, Senior Editor , 2021
Omega, The International Journal of Management Science
Editor, Associate Editor , 2021
INFORMS Annual Conference 2021
Chairperson , 2021
The 50th Annual Conference of the Operations Research Society of South Africa (ORSSA)
Chairperson , 2021
2021 INFORMS Conference on Service Science (ICSS2021)
Committee Member , 2021
2021 Post-Pandemic Supply Chain and Healthcare Management Conference
Committee Member , 2021
2021 Dana Knox Student Research Showcase
Committee Member , 2021