Rong Li

Rong Li is an Associate Professor of Supply Chain Management at The Martin J. Whitman School of Management, Syracuse University. Prior to this appointment, Dr. Li taught at Nankai University and Singapore Management University. Dr. Li received a B.S. in Mathematics from Nankai University, and M.S. and Ph.D. in Industrial Engineering from Purdue University.

Dr. Li’s research interest is Supply Chain Risk Management. She has coedited the first handbook of Integrated Risk Management in Global Supply Chains. Her research works have been published in Manufacturing & Service Operations Management (M&SOM), Production and Operations Management, IIE Transactions, etc. One of her papers was among the top 20 most cited articles of all time (IIE Transactions, as of June 2015); another paper was a finalist for the best paper award in the supply chain and logistics track of ISERC.

Dr. Li has won the M&SOM Meritorious Service Award in 2020, the Dean's Citation for Research in 2019, the Dean’s Teaching Honor award consecutively when she was teaching at Singapore Management University. She was selected for The Thousand Talents Plan (Tianjin) and The Hundred Young Research Leaders Plan (Nankai University) in 2014.

Research Topics

• Supply Chain Risk Management
• Integrated Risk Management
• Inventory Management with Learning from Real-time Information

Her research interest is theoretical and data-driven modeling on Supply Chain Risk Management. Her research aims to help managers better face different types of risk (e.g., demand, price, credit, cyber) with available risk management tools (e.g., inventories, financial derivatives, real-time data, new technologies, new management schemes). Please see her recent works at https://www.researchgate.net/profile/Rong_Li4/research

Working Papers

• "Bayesian Inventory Model for Multiple Dependent Components Using Real-Time Condition Monitoring Information", (with Hu, H.)
• "A Bayesian Inventory Model for Two Interactive Components using Real-Time Condition Monitoring Information", (with Hu, H.)
• "Joint Optimization of Maintenance and Spare Part Inventory Using Condition Monitoring", (with Gebraeel, N., Shi, J., Yildirim, M.)
• "Optimal Dynamic Coupon Offering with Learning of Guest Booking Behavior for Airbnb", (with Yang, L., Dear, R.)
• "Optimal Capacity Setup Stopping Time and Sales Effort Control in A Continuous-Time Model", (with Kouvelis, P., Papanicolaou, V.)
• "No-Payment Risk: Supply Chain Impact and Mitigation with Smart Contracts in Blockchain", (with Sun, S.)
• "What if Managers are Risk-averse and Overconfident?", (with Sun, S.)
• "Financial Performances Affected by Commodity Hedging and Inventories", (with Xu, L., Li, S.)
• "Smart Factory: Operational Flexibility vs Cyber Risk",

Selected Publications

• "Reinvent Retail Supply Chain: Ship-from-Store-to-Store", Production and Operations Management, 29(8), 1825-1836, 2020
• "Information Disclosure Structure in Supply Chains with Rental Service Platforms in the Blockchain Technology Era", International Journal of Production Economics, 221, 2020 (with Choi, T., Feng, L.)
• "Integrated Risk Management for Newsvendors with VaR Constraints", Manufacturing & Service Operations Management, 21(4), 816-832, 2019 (with Kouvelis, P.)
• "Scrap or Sell: The Decision on Production Yield Loss", Production and Operations Management, 28(6), 1486-1502, 2019 (with Xia, Y., Yue, X.)
• "Pricing Strategy for GM Food: Impact of Consumer Attitude Heterogeneity and GMO Food Labelling", Annals of Operations Research, 2019 (with Basu, A.)
• "Supplier-facilitated Inventory Transshipments: An Innovative Approach Based on Firm Practice", Journal of Management Science (Chinese), 30(6), 92-103, 2017 (with Liu, L., Zheng, x.)
• "Coordination with Trade Credit under Mean-CVaR Criterion", Journal of Systems Engineering (Chinese), 32(3), 370-384, 2017 (with Liu, L.)
• "Coordination in a Single-Supplier, Multi-Retailer Distribution System: Supplier-Facilitated Transshipments", Production and Operations Management, 26(5), 784-801, 2017 (with Ryan, J., Zeng, Z.)
• "Managing Storable Commodity Risks: The Role of Inventory and Financial Hedge", Manufacturing & Service Operations Management, 15(3), 507-521, 2013 (with Kouvelis, P., Ding, Q.)
• "Inventory flexibility through adjustment contracts", International Journal of Production Research, 50(7), 1955-1978, 2012 (with Ryan, J.)
• "A Bayesian Inventory Model Using Real-Time Condition Monitoring Information", Production and Operations Management, 20(5), 754-771, 2011 (with Ryan, J.)
• "Residual Life Distributions from Component Degradation Signals: A Bayesian Approach", IIE Transactions (Institute of Industrial Engineers), 37(6), 543-557, 2005 (with Gebraeel, N., Lawley, M., Ryan, J.)