VLADIMIROU HERCULES

HERCULES VLADIMIROU

+357-22893602

...

Position

PROFESSOR

Entity

Department of Business and Public Administration

Building/ Office

FEB 01 - Faculty of Economics and Management, 014

Address

University Campus

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Education

BSE (Summa Cum Laude), Civil Engineering, Duke University, 1984
MS, Civil/Structural Engineering, Duke University, 1985

Thesis: “Automated Optimal Sizing of Strength-Critical Trusses”

MA, Operations Research, Princeton University, 1988
PhD, Operations Research, Princeton University, 1990

Dissertation: “Stochastic Networks: Solution Methods and Applications in Financial Planning”

He held a Fulbright Scholarship during his studies. Upon graduating with distinction from Duke University, at the top of his engineering class, he was awarded the Aubrey E. Palmer Award, the North Carolina Section of the American Society of Civil Engineers (ASCE) Prize, and the Walter J. Seeley Scholastic Award for highest academic achievement. He also received the prestigious James B. Duke Graduate Fellowship. He continued his graduate studies at Princeton University on a Graduate School Merit Award.

He was runner-up in the National Student Projects Competition in Science, Technology and Society Studies, Society for Social Studies of Science, USA (1987). He has been admitted to a number of honor societies: Phi Eta Sigma (ΦΗΣ), American freshman honor society; Chi Epsilon (ΧΕ), American collegiate civil engineering honor society; Tau Beta Pi (ΤΒΠ), Engineering Honor Society; Sigma Xi (ΣΧ), Scientific Research Honor Society.

Professional Career

He was a researcher at the Manufacturing and Logistics Research Department of IBM Thomas J. Watson Research Center, Yorktown Heights, NY (1990-1992) before joining the faculty of the Department of Public and Business Administration of the University of Cyprus in its first year of operation (1992). At the University of Cyprus (UCY), he has been Assistant Professor (1992-1997), Associate Professor (1997-2011), and Professor of Management Science (2011-present). He was principal investigator, or co-pi, of projects funded by the European Union, the National Research Promotion Foundation and the University of Cyprus.

Teaching

At the University of Cyprus he has taught:

Undergraduate Courses: Currently: Introduction to Management Science (BPA241), Applied Optimization Modeling (BPA343), Business Analytics: Predictive Models (BPA446); Previously: Business Information Systems (PBA132), Financial Modeling (PBA424).

Graduate Courses: Business Statistics (MBA544), Business Information Systems (MBA543), Financial Optimization (PBA524).

He also taught intensive courses in Stochastic Programming, Financial Optimization and Risk Management as a visitor at the Technical University of Denmark, University of Bergamo, and the Helsinki School of Economics.

Professional and Administrative Services

At the University of Cyprus he served in academic leadership and administrative roles, e.g., Vice-Dean, Faculty of Economics and Management (2022-2024); MBA Program Co-director (2017-2022); Chairman, Department of Business & Public Administration (2012-2015); Chairman, Department of Public & Business Administration (2010-2012); Director, Research Center of Banking and Finance (2000-2007); Senate Member (multiple terms, 1996-2024), Council Member, Faculty of Economics and Management (multiple terms); as well as on various committees, e.g., Council of the Graduate School (current); Internal Quality Assurance; Grounds & Facilities; Rules and Regulations; Research; Information Systems.

He served in consultative and professional capacities for various institutions, e.g., member of the National Scholarship Board; reviewer for the Private Universities Evaluation Committee, Ministry of Education; assessor for the Cyprus Council for the Recognition of Academic Qualifications; reviewer of research proposals and projects for EU Directorates; reviewer of graduate programs for EFMD.

He organized several international scientific conferences, e.g., 6th Mediterranean Conference on Information Systems; 20th Anniversary Conference of European Chapter on Combinatorial Optimization; EUMOptFin: Workshop on Asset and Liability Management for Financial Instritutions; 31st Meeting of the EURO Working Group on Financial Modeling; APMOD98: Applied Mathematical Programming and Modeling Conference; 13th Meeting of the EURO Working Group on Financial Modeling. He served on the Program and Organizing Committees, or as cluster chair, of several other conferences.

Stochastic programming (models, applications and algorithms)
Models for planning under uncertainty (with applications in finance and operations planning)
Data Science & Business Analytics (predictive & prescriptive analytics)
Financial modeling/optimization, computational finance, risk management
Network modeling

Journal Publications

N. Topaloglou, H. Vladimirou and S.A. Zenios, “Integrated Dynamic Models for Hedging International Portfolio Risks”, European Journal of Operational Research, 285(1): 48-65, 2020.

N. Topaloglou, H. Vladimirou and S.A. Zenios, “Optimizing International Portfolios with Options and Forwards”, Journal of Banking and Finance, 35(12): 3188-3201, 2012.

N. Topaloglou, H. Vladimirou and S.A. Zenios, “Pricing Options on ScenarioTrees”, Journal of Banking and Finance, 32(2): 283-298, 2008.

N. Topaloglou, H. Vladimirou and S.A. Zenios, “A Dynamic Stochastic Programming Model for International Portfolio Management”, European Journal of Operational Research, 185(3): 1501-1524, 2008.

M. Kaut, H. Vladimirou, S.W. Wallace and S.A. Zenios, “Stability Analysis of Portfolio Management with Conditional Value-at-Risk”, Quantitative Finance, 7(4):397-409, 2007.

N. Topaloglou, H. Vladimirou and S.A. Zenios, “Incorporating Derivative Securities in International Portfolios”, International Journal of Computer Mathematics and its Applications, 5: 159-178, 2004.

N. Topaloglou, H. Vladimirou and S.A. Zenios, “CVaR Models with Selective Hedging for International Asset Allocation”, Journal of Banking and Finance, 26(7): 1535-1561, 2002.

H. Vladimirou and S.A. Zenios, “Scalable Parallel Computations for Large-scale Stochastic Programming”, Annals of Operations Research, 90:87-129, 1999.

H. Vladimirou, “Computational Assessment of Distributed Decomposition Methods for Stochastic Linear Programs”, European Journal of Operational Research, 108:653-670, 1998.

H. Vladimirou and S.A. Zenios, “Stochastic Linear Programs with Restricted Recourse”, European Journal of Operational Research, 101:177-192, 1997.

J.M. Mulvey and H. Vladimirou, “Stochastic Network Programming for Financial Planning Problems”, Management Science, 38(11):1642-1664, 1992.

J.M. Mulvey and H. Vladimirou, “Applying the Progressive Hedging Algorithm to Stochastic Generalized Networks”, Annals of Operations Research, 31:399-424, 1991.

J.M. Mulvey and H. Vladimirou, “Solving Multistage Stochastic Networks: An Application of Scenario Aggregation”, Networks, 21(6):619-643, 1991.

J.M. Mulvey and H. Vladimirou, “Stochastic Programming Optimization Models for Investment Planning”, Annals of Operations Research, 20:187-217, 1989

M. Biswas, H. Vladimirou and O. Ghattas, "Fatique and Freeze-Thaw Resistance of Epoxy Mortar", Transportation Research Record, 1041:33-49, 1986.

Book chapters & invited papers in edited volumes (refereed)

H. Vladimirou and S.A. Zenios, “Parallel Algorithms for Large-scale Stochastic Programming”, chapter 11 in A. Migdalas, P. Pardalos and S. Storoy (editors), Parallel Computing in Optimization, Springer Science, 2023.

H. Vladimirou and S.A. Zenios, “Stochastic Programming: Parallel Factorization of Structured Matrices”, Encyclopaedia of Optimization, Vol. V, pp. 338-343, Kluwer Academic Publishers, 2001 (revised update, pp. 3789-3795, 2nd edition, 2009).

M. Kaut, H. Vladimirou, S.W. Wallace and S.A. Zenios, “Stability Analysis of Portfolio Management with Conditional Value-at-Risk”, in M.A.H. Dempster, G.Ch. Pflug and G. Mitra (eds.) Quantitative Fund Management, pp. 315-335, Francis & Taylor, 2008.

N. Topaloglou, H. Vladimirou and S.A. Zenios, “Controlling Currency Risk with Options or Forwards”, in C. Zopounidis, M. Doumpos and P.M. Pardalos (eds.), Handbook of Financial Engineering, pp. 245-278, Springer, 2007.

H. Vladimirou, "Recent Thrust in Risk Management Research", NewsFlow, 26:3-7, 2002.

H. Vladimirou, "Models and Solution Methods for Multisyage Stochastic Networks", Encyclopaedia of Optimization, Vol. III, pp.313-319, Kluwer Academic Publishers, 2001.

H. Vladimirou and S.A. Zenios, “Stochastic Programming and Robust Optimization”, chapter 12 in T. Gal and H.J. Greenberg (editors), Advances in Sensitivity Analysis and Parametric Programming, Kluwer Academic Publishers, 1997 (53 pages).

J.M. Mulvey and H. Vladimirou, “Evaluation of a Parallel Hedging Algorithm for Stochastic Network Programming”, in R. Sharda, B.L. Golden, E. Wasil, O. Balci and W. Stewart (editors), Impacts of Recent Computer Advances on Operations Research, North-Holland, pp. 106-119, 1989.

H. Vladimirou, "Controversies Around International Standards for Freight Containers", Case Library, American Society for Engineering Education (ASEE), Washington, D.C., 1985 (56 pages).

H. Vladimirou, "Controversies Around International Standards for Freight Containers", Standardization News, 11(12):38-43, 1983.

Edited Volumes:

H. Vladimirou, P.A. Pavlou, J. Valor-Sabatier (editors), “MCIS2011 Proceedings”, Association of Information Systems Electronic Library (AISeL), Digital Commons, 2012.

S. Martello and H. Vladimirou (editors), “Developments in Combinatorial Optimization,” special issue of Computational Optimization and Applications, 48(2), Springer, 2011.

M. Bertocchi, G.Ch. Pflug and H. Vladimirou (editors), “Stochastic Dynamic Modelling of Investments and Risks in Financial Markets,” Vol. 165 of Annals of Operations Research, Springer, 2009 (185 pages).

H. Vladimirou (member of editorial team), Euro-Mediterranean Economics and Finance Review, Vol. 4(2), 2009.

H. Vladimirou (editor), “Financial Optimization,” Vol. 152 of Annals of Operations Research, Springer, 2007 (420 pages).

H. Vladimirou (editor), “Financial Modelling,” Vol. 151 of Annals of Operations Research, Springer, 2007 (336 pages).

H.Vladimirou, I. Maros and G. Mitra (editors), "Applied Mathematical Programming and Modeling IV", Vol. 99 of Annals of Operations Research, Kluwer Academic Publishers, 2001 (445 pages).

H. Vladimirou, S.A. Zenios and R.J.-B. Wets (editors), "Models for Planning under Uncertainty", Vol. 59 of Annals of Operations Research, J.C. Baltzer AG Scientific Publishers, 1995 (283 pages).

Manuscripts in preparation

H. Vladimirou, Applied Optimization Modeling (incl. model library).

H. Vladimirou, Case Studies in Data Analytics (incl. analysis code).