Kumar Muthuraman

H. Timothy (Tim) Harkins Centennial Professor,
University Distinguished Teaching Professor,
Faculty Director, Center for Analytics and Transformative Technologies.

GSB 5.156,
Dept. of Information, Risk, and Operations Mgmt. and
Dept. of Finance

Education

Ph.D. (2003), Stanford University, CA.

M.S. (2000), Stanford University, CA.

B.Tech. (1998), Central Electrochemical Research Institute, Karaikudi, India.

Ph.D. Students

Long Zhao, NUS Business School, Singapore

Vishwakant Malladi, Indian School of Business, India

Dongyang (Ester) Wang, JD.com Research

Dan Mitchell, Assistant Prof., Industrial & Systems Engineering, University of Minnesota.

Qi Wu, Assistant Prof., Weatherhead School of Mgmt, Case Western Univ.

Arun Chockalingam, Assistant Prof., School of Industrial Engg., Eindhoven Univ. of Technology, Netherlands

Haolin Feng, Associate Prof., Dept of Logistics Engg and Management, Lingnan (University) College, Sun Yat-sen Univ., China

Tarik Aouam, Associate Prof., Dept of Management Information Science and Operation Management, Ghernt University, Belgium

Book

Solving free-boundary problems with applications in finance, Amazon link

Selected downloadable papers

Machine Learning & Data-Driven Optimization
• D. Zantedeschi, L. Zhao, D. Chakrabarti and K. Muthuraman, “Spectral-Adaptive Least Squares for High-Dimensional Regression”, Working paper, 2026. link
• D. Zantedeschi and K. Muthuraman, “Mini-Batch Covariance, Diffusion Limits, and Oracle Complexity in Stochastic Gradient Descent: A Sampling-Design Perspective”, submitted to Mathematics of Opertions Research, 2026. link
• L. Zhao, D. Chakrabarti and K. Muthuraman, “Portfolio Construction by Mitigating Error Amplification: The Bounded-Noise Portfolio”, Operations Research, 67(4), 905-1208, 2019. link


Stochastic Control & Quantitative Finance
• D. Mitchell, H. Feng and K. Muthuraman, “Impulse Control of Interest Rates”, Operations Research 62(3), 602–615, 2014 link
• A. Chockalingam and K. Muthuraman, “American Options Under Stochastic Volatility”, Operations Research 59(4), 793-809, 2011. link
• D. Mitchell, J. Goodman and K. Muthuraman, “Boundary Evolution Equations for American Options”, Mathematical Finance. link
• H. Feng and K. Muthuraman, “A Computational Method for Stochastic Impulse Control Problems”, Mathematics of Operations Research 35(4), 2010. link
• K. Muthuraman, “A moving boundary approach to American option pricing”, Journal of Economic Dynamics and Control, 32(11), 3520-3537, 2008. link
• K. Muthuraman and H. Zha, “Simulation based portfolio optimization for large portfolios with transaction costs”, Mathematical Finance, 18(1), 115-134, 2008. link
• K. Muthuraman and S. Kumar, “Multi-dimensional portfolio optimization with proportional transaction costs”, Mathematical Finance, 16(2), 301-335, 2006. link
• D. Mitchell, P. Brockett, R. Mendoza and K. Muthuraman, “Modeling and Forecasting Mortality Rates”, Insurance: Mathematics and Economics 52(2), 2013. link


Operations Management
• Q. Wu, K. Muthuraman and S. Seshadri, “Effect of Financing Costs and Constraints On Real Investments: The Case of Inventories”, Production and Operations Management, 28(10), 2019.
• K. Muthuraman, S. Seshadri and Q. Wu, “Inventory management with Stochastic Lead Times”, Mathematics of Operations Research, 2015. link
• H. Feng, K. Muthuraman and V. Deshpande, “Replenishment Policies for Multi-Product Stochastic Inventory Systems with Correlated Demand and Joint-Replenishment Costs”, Production and Operations Management, 24(4), 2015. link
• S. Kumar and K. Muthuraman, “A numerical method for solving singular stochastic control problems”, Operations Research, 52(4), 563-582, 2004. link


Healthcare Operations
• D. Wang, K. Muthuraman and D. Morrice, “Coordinated Patient Appointment Scheduling for a Multi-Station Healthcare Network”, Operations Research, 67(3), 2019.
• D. Wang, D. Morrice, K. Muthuraman, J. Bard, L. Leykum, S. Noorily, “Coordinated Scheduling for a Multi-server Network in Outpatient Pre-operative Care”, Production and Operations Management, 27(3), 2018. link
• S. Chakraborty, K. Muthuraman and M. Lawley, “Sequential clinical scheduling with patient no-shows and general service time distributions”, IIE Transactions, 42(5), 354-366, 2010. Best paper in Operations Engineering and Analysis award.
• K. Muthuraman and M. A. Lawley, “Stochastic overbooking model for outpatient clinical scheduling with no-shows”, IIE Transactions, 40(9), 2008. Among the Top 10 most cited articles of 2008-2010 in IIE Transactions.
• F. Lin, K. Muthuraman and M. Lawley, “An optimal control theory approach to non-pharmaceutical interventions”, BMC Infectious Diseases, 10(32), 2010


Market Design & Platforms
• H. Erkan, I. Stamatopoulos, A. Agarwal and K. Muthuraman, “Competition for customer attention is creating oversupply pockets in US micromobility”, forthcomming in Operations Research, 2026. link
• T. Aouam, R. Rardin and K. Muthuraman, “Robust optimization policy benchmarks and modeling errors in natural gas”, European Journal of Operations Research, 240(2), 431-438, 2016. link
• K. Muthuraman, T. Aouam and R. Rardin, “Regulation of natural gas distribution using policy benchmarks”, Operations Research, 56(5), 1131-1145, 2008. link

Other Affiliations

Research Lead and Founder:
        THOR AdaptiveRisk Dynamic ETF (ticker:THMR)

Founder:
        GetFriday
        HomeShikari
        Darwin
        YourManInIndia

Faculty Director:
        Great Learning

Board Member:
        TTK Services
        Immidart.com

Advisor and Investor:
        Kalvium

Complete CV

Link