Evan L. Porteus

June 5, 1942

Brief Biography

Porteus Fellow Portrait

Born and raised in Honolulu, Hawaii, Evan L. Porteus is a Stanford University Professor and Fellow of both the Institute for Operations Research and the Management Sciences (INFORMS) and the Manufacturing and Service Operations Management Society (MSOM). Porteus is a graduate of Claremont Men’s College, where he received a BA prior to attending the Case Institute of Technology. At Case, he studied under William P. Pierskalla and wrote his dissertation on inventory theory. After completing his PhD in 1967, he joined the Office of the United States Assistant Secretary Defense. For two years, Porteus worked as a system analyst before joining the Research Staff of the RAND Corporation.

Porteus’s stint at RAND was a short one as he soon after joined the faculty of Stanford University’s Graduate School of Business where he is now an emeritus professor. He has taught in both Stanford’s MBA and PhD programs, advising a number of doctoral dissertations. Other service with the university has included codirecting the Stanford/Singapore Executive Programming and holding the title of Area Coordination of the Operations, Information and Technology group. Porteus founded and codirected the Product Development and Manufacturing Strategy Program of the Schools of Business and Engineering and served as Director of the business PhD Program for four years.

Porteus has authored publications in stochastic theory, inventory management, manufacturing incentives, and dynamic choice theory. In the 1980s, Porteus published articles on optimal lot sizing, setup cost reduction, and the economic order quality model. In 2002, he published Foundations of Stochastic Inventory Theory. The book serves as both an advanced educational tool to prepare doctoral students and a reference work for those already actively researching in the subject.

Other Biographies

Stanford Graduate School of Business. Faculty & Research: Evan L. Porteus. Accessed June 3, 2015. (link)


Claremont Men's College, BS 1964

Case Institute of Technology, PhD 1967 (Mathematics Genealogy)


Academic Affiliations
Non-Academic Affiliations

Key Interests in OR/MS

Application Areas

Awards and Honors

Manufacturing and Service Operations Management Society Fellow 2002 

Institute for Operations Research and the Management Sciences Fellow 2007

Selected Publications

Kreps D. M. & Porteus E. L. (1978) Temporal resolution of uncertainty and dynamic choice theory. Econometrica: Journal of the Econometric Society, 46(1): 185-200.

Kreps D. M. & Porteus E. L. (1979) Temporal von Neumann-Morgenstern and induced preferences. Journal of Economic Theory, 20(1): 81-109.

Porteus E. L. (1985) Investing in reduced setups in the EOQ model. Management Science, 31(8): 988-1010.

Porteus E. L. (1986) Optimal lot sizing, process quality improvement and setup cost reduction. Operations Research, 34(1): 137-144.

Porteus E. L. & Whang S. (1991) On manufacturing/marketing incentives. Management Science, 37(9): 1166-1181.

Ha A. Y. & Porteus E. L. (1995) Optimal timing of reviews in concurrent design for manufacturability. Management Science, 41(9): 1431-1447.

Lariviere M. A.& Porteus E. L. (1999) Stalking information: Bayesian inventory management with unobserved lost sales. Management Science, 45(3): 346-363.

Hall J. & Porteus E. L. (2000) Customer service competition in capacitated systems. Manufacturing & Service Operations Management, 2(2): 144-165.

Lariviere M. A. & Porteus E. L. (2001) Selling to the newsvendor: an analysis of price-only contracts. Manufacturing & Service Operations, 3(4): 293-305.

Angelus A. & Porteus E. L. (2008) An asset assembly problem. Operations Research, 56(3): 665-680.

Porteus E. L., Shin H.-D. & Tunca T. I. (2010) Feasting on leftovers: strategic use of shortages in price competition among differentiated products. Manufacturing & Service Operations Management, 12(1): 140-161.

Goh J. & Porteus E. L. (2016) Multi-echelon inventory management under short-term take-or-pay contracts. Production & Operations Management, 25(8): 1415-1429.