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Junmin Shi

Contact Info

Title: Associate Professor of Supply Chain and Finance
Office: 4018 CAB Building
Hours: By Appointment.
Phone: 973-642-7027
Dept: MTSM


About Me

Dr. Jim Shi is an associate professor of Supply Chain Management and Finance at the Tuchman School of Management of NJIT.  Prior to joining with NJIT in 2014, Dr. Shi was an assistant professor at the Robinson College of Business at Georgia State University. Dr. Shi used to be a visiting scholar at Hong Kong University of Science and Technology in 2012 and 2018, and a visiting professor at the Rotman School of Management at the University of Toronto in 2014. Recently, Dr. Shi has received Excellence in Teaching Award and Outstanding Research Award, from both the college and university levels at NJIT.

His research interest lies in (1) Supply Chain Management, (2) Blockchain impact on Supply Chain management, (3) Container Shipping and Logistics, (4) interface between Finance and Supply Chain Management, (5) Continuous Manufacturing/Production, (6) Agribusiness and Agricultural Supply Chain Management, (7) Green Supply Chain and Sustainability.  His research has been supported by federal and government grants, such as United States Department of Agriculture (USDA).

His scholarly articles have been published in a variety of prestigious journals such as Operations Research (OR), Manufacturing & Service Operations Management (MSOM), Production and Operations Management (POMS), Naval Research Logistics (NRL), Annals of Operations Research, IEEE Transactions, Omega, European Journal of Operational Research (EJOR), Operations Research Letter, among others.

Dr. Shi’s teaching interests include Supply Chain Management, Operations Management, Financial Technology (FinTech), Business Analysis, Business Statistics, Decision 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. Dr. Shi used to lecture Supply Chain Management, Production and Operations Management at Rutgers Business School.


2018                       NJIT Excellence in Research Medal Award 2018, Nominee

2017                       Excellence in Teaching Award, NJIT (University Wide)

2017                       Nominee for Outstanding Research Award, NJIT (University Wide)

2017                       Excellence in Teaching Award (Teaching Lower Division), Tuchman School of Management

2017                       Outstanding Research Award, Tuchman School of Management, NJIT

2016                       Nominee for Excellence in Teaching Award, NJIT (University Wide)

2016                       Excellence in Teaching Award  (Teaching Lower Division), Tuchman School of Management

Summer 2014    The Best Teaching Effectiveness (5.0) for teaching MGS3100, RCB, GSU







Courses at NJIT:

o   Data-Driven Financial Modeling

o   Business Statistics

o   Business Data Analytics

o   Business Research Methods

o   Supply and Value Chain Management


Research Interest

  • Supply Chain Management, Operations Management
  • Blockchain and Supply Chain Management
  • Interface between Marketing, Finance, and OM
  • Container Shipping and Logistics
  • Procurement under Supply Disruption
  • Logistics, Inventory Management
  • Decision Analytics
  • Stochastic and Markov Decision Processes


Some Selected Publications

[J1].       L. Gao, J. Shi, M. Gorman and T. Luo, “Business Analytics for Intermodal Capacity Management”, Manufacturing & Service Operations Management (MSOM), forthcoming, 2018.

[J2].       A. Chang, H. Lu, J. Shi, “Stock-Out Risk Control of the Production/Inventory System with Compound Poisson Demands”, Omega, The International Journal of Management Science, forthcoming, 2018.

[J3].       J. Shi, “Optimal Production/Inventory Systems Subject to Stock-Out Risk”, Annals of Operations Research, DOI: 10.1007/s10479-016-2339-5, 2017.

[J4].       M.N. Katehakis, B. Melamed and J. Shi (corresponding author), “Cash-Flow Based Dynamic Inventory Management”, Production and Operations Management Society (POMS), 25(9), 1558-1575, 2016.

[J5].       T. Xiao and J. Shi, “Supply Priority and Contract in a Dual-Channel Supply Chain”, European Journal of Operational Research (EJOR), 254: 813-823, 2016.

[J6].       M.N. Katehakis, B. Melamed and J. Shi (corresponding author), “Optimal Time-Average Cost for Inventory Systems with Compound Poisson Demands and Lost-sales”, Annals of Operations Research, DOI 10.1007/s10479-015-1998-y, 2015.

[J7].       L. Qi, J. Shi and X. Xu “Supplier Competition under the Dual-sourcing Setting”, Omega (the International Journal of Management Science), 55, 91-110, 2015.

[J8].       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, 6(5): 1048 - 1063, 2014.

[J9].       J. Shi, X. Yue and Y. Zhao, “Operations Sequencing under Yield Loss”, Naval Research Logistics, 61(2), 144-154, 2014.

[J10].    J. Shi and Y. Zhao “The Value of Component Commonality under Non-Holdback Allocation Rules”, Operations Research Letters, 42 (6-7), 409 - 413, 2014.

[J11].    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.

[J12].    J. Shi and Y. Zhao, “Some Structural Results on Acyclic Supply Chains”, Naval Research Logistics, Vol. 57, No. 6, 605-613, 2010.