Junmin Shi

Contact Info

Title: Associate Professor of Supply Chain and Finance
Email: junmin.shi@njit.edu
Office: 4018 CAB Building
Hours: By Appointment.
Phone: 973-642-7027
Dept: MTSM
Webpage: http://management.njit.edu/people/Shi.php

About Me

Dr. Jim Shi is an assistant professor of Supply Chain Management and Finance at the Martin Tuchman School of Management. Prior to joining with NJIT in 2014, Dr. Shi had been a faculty member at Robinson College of Business at Georgia State University for 4 years.  His current research interests lie in Supply Chain Management and Container Shipping Logistics. Some of his current research is on the interface between Finance and Operations Management. He has published papers in journals such as Operations Research, Production and Operations Management Society (POMS), Naval Research Logistics, Annals of Operations Research, Operations Research Letter, European Journal of Operational Research (EJOR), Omega (the International Journal  of Management Science), IEEE Transactions, etc.

Dr. Shi’s teaching interests include Supply Chain Management, Operations Management, Business Analysis, Management Science, etc. Before joining with NJIT, Dr. Shi had been teaching Management Science, Business Modeling, Spreadsheet Modeling with its Applications, Business Analysis and Optimal Resource Allocation at Robinson College of Business for both graduate and undergraduate programs. Prior to joining with Robinson College of Business, Dr. Shi used to lecture Supply Chain Management and Production and Operations Management at Rutgers Business School.


Website:  https://web.njit.edu/~jshi/


Academic Services

-School of Management, New Jersey Institute of Technology, Newark, NJ Assistant Professor 9/2014-Present

-Robinson College of Business, Georgia State University, Atlanta, GA Clinical Assistant Professor  8/2010-8/2014

-Rotman School of Management, University of Toronto, Toronto, Canada  Visiting Professor 12/2013-3/2014

-Hong Kong University of Science and Technology, Hong Kong
Visiting Scholar 5/2012-6/2012

-Rutgers Business School, Rutgers University, Newark, NJ
Instructor 6/2008-8/2010

-Editorial Board, the International Journal of Business Analytics (IJBAN),   2012-present


Research Interest

  • Supply Chain Management, Operations Management
  • Production-Inventory Systems
  • Interface between Marketing, Finance, and Operations Management
  • Procurement under Supply Disruption
  • Logistics, Inventory Management
  • Decision Analytics
  • Stochastic and Markov Decision Processes



  • J. Shi, M.N. Katehakis, B. Melamed, Y. Xia, “Optimal Continuous Replenishment for a Production-Inventory System with Compound Poisson Demands and Lost-sales”, Operations Research, 2014, forthcoming.
  • J. Shi, X. Yue and Y. Zhao, “Operations Sequencing under Yield Loss”, Naval Research Logistics, 2014, forthcoming.
  • J. Shi and Y. Zhao “The Value of Component Commonality under Non-Holdback Allocation Rules”, Operations Research Letters", 2014, forthcoming
  • J. Shi, M.N. Katehakis and B. Melamed, “Martingale Methods for Pricing Inventory Penalties under Continuous Replenishment and Compound Renewal Demands”, Annals of Operations Research, 208(1), 593-612, 2013.



  • J. Shi, Y. Zhao and K. Kiwanuka, “Managing Inventories for Agricultural Products: The Optimal Selling Policies”, Operations Research, under the 2nd round review, 2013
  • J. Shi, M.N. Katehakis and B. Melamed, “Cash-Flow Based Dynamic Inventory Management”, POMS, under the 2nd round review. 2013.