Dr. Goutam Dutta

Faculty Details

Dr. Goutam Dutta

PhD, Northwestern University
Statistics

BIO

Prof. Goutam Dutta is an Emeritus faculty member of IIM, Ahmedabad after serving there as a full-time faculty member for 24 years. He was a faculty at London School of Economics and Political Science, UK (1996-97) and visiting Professor at University of Illinois, USA (2001), HEC Paris (2011). He was an international visitor to Chinese University of Hong Kong, (2004) and Loughborough University(UK) in 2018.

He worked in Tata Iron for 11 years in project engineering, information technology (IT) and at the General Manager (Operations) Office for 11 years. At IIMA, he was the Chairperson of the Production and Quantitative Methods Area , Research and Publications Committee(2007-10) and Doctoral Program (2020-22). During his tenure as Chairperson of Agri-Business Management (2010-2013), IIM, Ahmedabad was ranked No.1 in the world for the first time.

He was in the panel for Prime Minister of India’s Trophy for selecting the best steel plant in India(2015-16), founding member of Indian Academic Board PMI-USA (2009-2013).

He has conducted executive education/consulted/written cases with several reputed Indian and International companies. He has trained over 3700 executives in Project Management, Revenue management and dynamic pricing and emerging Leadership Program. Other than India, he also delivered invited lectures/taught students/executives of USA, UK, France, China, Nepal, Oman, Bangladesh, and Sri Lanka. Canada, France, and Romania. He has been invited as keynote and plenary speaker for several national and international conferences and visited several universities in India and 17 other foreign countries.

He has keen interest in promoting Project Management Culture in India and have worked with the Government of Chhattisgarh, Bihar and Tripura in developing and delivering programs.

The work done by his team members in energy Modeling at Tata Steel resulted in 73 million dollars of savings for which Tata Steel became joint winner of the prestigious Franz Edelman Award of Institute of Management Science and Operations Research (INFORMS) USA in 1994. Tata Steel became the first and only Asian Company to get this laurel in 1994. He was honored as an Edelman Laureate and by INFORMS in 2009 . He has also received First Prize in IFORS OR for Development Prize Competition in 1993 (first from India) . Now he is a member of the Franz Edelman Award Selection Team, INFORMS. Recently (2015), He was a judge in this competition. He is now institutionalizing a similar prize competition in India with IIMA.

His doctoral dissertation from Northwestern University (1991-96), funded from grants of NSF, USA, and AISI, led to the development of planning software, copyrighted, and licensed by Northwestern University, USA. This work was selected as one of the four finalists for EURO Excellence in Practice Award in Iceland in 2006.

He was the Vice President, President-Elect, and President of Operational Research Society of India(ORSI) during 2012-19 and has been elected as Fellow of the ORSI (2017) and selected as Distinguished Educator(2018) by ORSI .He is also a Fellow of Institution of Engineers India. He is now (2024) Sr. Members of INFORMS. He has chaired two International panels of juries of IFORS OR for Developing Countries Prize Contest (in 1999 and 2002) and was a member of this panel in 1996.

He is an Associate Editor of, IJRM,USA JORS(UK), OPSEARCH(India), He is one of the former Associate Editors of OMEGA and ITO and IJAA (INFORMS). He has published 52 papers in major international journals including MSOM (INFORMS), JORS,DSS, CAIE, IJPR, IJPE,JRPM, IJRM, JEMF, IJAA, JCEM (ASCE).

Research & Publications

amatam, R., Dutta, P., Dutta, G., & Lessmann, S. (2019). Efficiency analysis of Indian banking industry over the period 2008–2017 using data envelopment analysis. Benchmarking: An International Journal.
Dutta, G., Rao, H. V., Basu, S., & Tiwari, M. K. (2019). Asset liability management model with decision support system for life insurance companies: Computational results. Computers & Industrial Engineering, 128, 985-998.(IF 5.431)
Rao, H. V., Dutta, G., & Basu, S. (2018). New asset liability management model with decision support system for life insurance companies: interface design issues for database and mathematical models. International Journal of Revenue Management, 10(3-4), 259-289.
Krishnendranath Mitra & Goutam Dutta (2018). “A Two-Part Dynamic Pricing Policy for Household Electricity Consumption Scheduling with Minimized Expenditure”. Accepted for Publications for International Journal of Electrical Power and Energy Systems, Vol 100, 29-41. (h index 79, IF 4.63 JCR)
Gupta, N., Dutta, G., & Tiwari, M. K. (2018). An integrated decision support system for strategic supply chain optimisation in process industries: the case of a zinc company. International Journal of Production Research, 56(17), 5866-5882.( IF 8.898)
Dutta, G., Gupta, N., Mandal, J., & Tiwari, M. K. (2018). New decision support system for strategic planning in process industries: Computational results. Computers & Industrial Engineering, 124, 36-47 (IF 5.431, ABDC A journal)
Shinjini Pandey, Goutam Dutta & Harit Joshi (2017). “Survey on Revenue Management in Media and Broadcasting”. Accepted for publications in Interfaces, Vol. 47, No. 3, May–June, 195-213. (IF1.434 ABDC-B).
Goutam Dutta & Krishnendranath Mitra ((2017). “A literature review on dynamic pricing of electricity”. Accepted for publications in Journal of Operational Research Society (UK), Volume 68, Issue 10, 1131–1145 (ABDC-A) (IF 2.83 JCR).
Gupta, N., & Dutta, G. (2016). An optimization based decision support system for strategic planning in process industries: The case of a pharmaceutical company. In Real-World Decision Support Systems (pp. 175-198). Springer, (IF 5.795)
Goutam Dutta & Sumitro Santra (2016). “An exploratory study of price movements along booking profiles in the airline industry in the Indian Domestic market”. International Journal of Revenue Management, Vol. 9, No.1, 72-88.
Goutam Dutta & Sumitro Santra (2016). “An empirical study of price movements in the airline industry in the Indian market with power divergence statistics”. Journal of Revenue and Pricing Management, Vol. No. 1–15, 6 (ABDC-B, IF 0.78).
Goutam Dutta, Priyanko Ghosh & Arushi Wanchoo (2015). “A Logarithmic Goal Programming Approach to Develop the Utility Function for a Railway Travel”. International Journal of Revenue Management, Vol 8, No 2, 153-164. ABDC-B, IF .57).
Narain Gupta, Goutam Dutta & Robert Fourer (2014). “An Expanded Database Structure for a Class of Multi-period, Stochastic Mathematical Programming Models for Process Industries”. Decision Support Systems, Vol 64. August, 43-56 (ABDC-A*, h index 109, IF 5.795 JCR).
Goutam Dutta & Divya Pachisia (2014). “Comparison of Forecasting Techniques in Revenue Management for a National Railway in an Emerging Asian Economy”. International Journal of Revenue Management, Volume 8, No 2, 130-152.
Desai, K. R., & Dutta, G. (2013). A dynamic pricing approach to electricity prices in the Indian context. International Journal of Revenue Management, 7(3-4), 268-288.
Sandeep, K. & Dutta, G. (2012). “Multi-period Revenue Management Model for Internet Advertising”. Journal of Revenue and Pricing Management, Vol. 11, 225–239. (ABDC-B, IF 0.8 ).
Sarkar, D. & Dutta, G. (2012). “A Framework for Project Risk management for the Underground Corridor Construction of Metro Rail”. International Journal of Construction and Project Management, Vol. 4, No. 1, 1-19.
Goutam Dutta & Priyanko Ghosh (2012). “A Passenger revenue management system (RMS) for a National Railway in an Emerging Asian Economy”. Journal of Revenue and Pricing Management, Vol. No. 11, 478-499 (ABDC-B, IF .57).
Sandeep, K. & Dutta, G. (2011). “Optimal Table-mix and Acceptance-Rejection Problems in Restaurants”. International Journal of Revenue Management, Vol. 15, No 1, 1-15.
Sandeep, K., Dutta, G. & Bandyopadhyhay, T. (2011). “Revenue Impacts of Demand Unconstraining and Accounting for Dependency”. Journal of Revenue and Pricing Management, Vol. 10, 367–381, (ABDC-B, (ABDC-B, IF .57).
Goutam Dutta & Priyanko Ghosh (2011). “Development of a utility function for airline travel: a logarithmic goal programming Approach”. International Journal of Revenue Management, Vol. 5, No. 4, 277-299.
Dutta, G. Gupta, N. & Fourer, R. (2011). “An Optimization-Based Decision Support System for Strategic Planning in a Process Industry: The Case of an Aluminium Company in India” Journal of the Operational Research Society, Vol. 62, 616–626, (ABDC-A, IF 2.15).
Sarkar, D. & Dutta, G. (2010). “Design and Application of Risk Adjusted Cumulative Sum for Strength Monitoring of Ready Mixed Concrete.” Journal of Construction Engineering and Management, Vol. 136(6), 623–631, (ABDC-A*). (h. index 80, IF 1.01 JCR).
Dutta, G., Basu S. & John, J. (2010). “Development of Utility Function for Life Insurance Buyers in the Indian Market”. Journal of Operational Research Society, Volume 61, 585–593. (ABDC-A, IF .971)
Dutta G. & Fourer, R. (2008). “Database Structure for a Class of Multi-Period Mathematical Programming Models”. Decision Support Systems, Volume 45, 870-883, (ABDC-A*, h index 109, IF 4.290 JCR).
Garg, A., Tiwari, A., Dutta, G. & Basu, S. (2007). “A Stochastic Linear Programming Model for Asset Liability Management: The Case of an Indian Insurance Company”. Journal of Insurance and Risk Management, Vol. 6, No.11, 59-72.
Dutta, G., Fourer, R., Dutta, D., & Majumdar, A. (2007). “An Optimization Based Decision Support System for Strategic and Operational Planning with in Process Industries: Case of Pharmaceuticals Industry in India”. International Journal of Production Economics, Vol. 106, 92-10. (ABCD-A*). (h. index 153, IF 4.052 JCR).
Dutta, G., Mohan, N., Jha, P. & Laha, A.K. (2006). “Artificial Neural Network for Forecasting Stock Prices in Bombay Stock Exchange”. Journal of Emerging Market Finance, Vol. 5, No. 3, 283-295.
Dutta, G., Basu, S, & Vaidyanathan, K, (2005). “Term Structure Estimation in Illiquid Government Bond Markets: An Empirical Analysis for India”. Journal of Emerging Market Finance, Vol. 4, No. 1, 63-80.
Dutta G. & Fourer, R. (2004). “An Optimization Based Decision Support System for Strategic and Operational Planning with in Process Industries”. Optimization and Engineering, Volume 5, No. 3, 295-314. (Finalist Excellence in Practice Award, EURO-INFORMS 2006) (h. index 29, IF 1.15 JCR).
Bhatnagar, A., Gupta, R., Pappu, S. & Dutta, G. (2004). “Mathematical modeling for demurrage reduction in coal transportation for an Indian Thermal Power Plant” OPSEARCH, Journal of Operational Research Society of India, Volume 41, No.2, pp. 72-86.
Basu, S., Dutta, G., Gupta, R. & Bhatnagar, A. (2004). ”Usage of Mathematical Models and Operation Research Techniques in the Insurance Industry”. Journal of Insurance & Risk Management, Volume 3, No. 5. pp. 77-96.
Dutta, G. & Fourer, R. (2001). “A Survey of Mathematical Programming Applications in an Integrated Steel Plant”. Manufacturing and Service Operations Management, Vol. 3, No.4, Fall 2001, 387-400. (IF 2.592 JCR).
Dutta, G. (2001). “Lessons for Success in OR/MS Practice Gained from Experiences in Indian and US Steel Mills”. Interfaces, September-October, 23-30. (ABDC-B h. index 53, SJR .837).
Dutta G., Sinha, G.P., & Roy, P.N. (2000). “A Product Mix Optimizer for an Integrated Steel Plant”. IIMB Management Review, December, 80-86.
Sinha G. P., Chandrashekaran B.S., Mitter N., Dutta, G., Singh, S.B., Roy, P.N., & Roy Choudhury, A. (1995). “Strategic and Operational Management with Optimization at Tata Steel”, Interfaces, Vol. 22 No.1, 6-19, (Franz Edelman Award Winning paper, 1994). ABDC-B h. index 53, SJR .837).
Dutta G., Sinha G.P., Roy P.N., & Mitter, N. (1994). “A Linear Programming Model for Distribution of Electrical Energy in a Steel Plant”. International Transactions in Operations Research, Vol. 1, No.1, 18-29, (IFORS-93 Third World Prize Winning Paper). IF 1.71.
Natesan, S. R., & Dutta, G. (2021). A comparison of logarithmic goal programming and conjoint analysis to generate priority point vectors: an experimental approach. OPSEARCH, 1-32.
Dutta, G., Naik, A., Gosai, D., & Ghosh, P. (2021). A mathematical model for predicting length of postoperative intensive care requirement following cardiac surgery in an Indian hospital. OPSEARCH, 58(2), 330-350.
Kaicker, N., Dutta, G., & Mishra, A. (2021). Time-of-use pricing in the electricity markets: mathematical modelling using non-linear market demand. OPSEARCH, 1-36.
Kaikar, N., Dutta, G., Das, D., & Banerjee, S. (2021). Time-of-use pricing of electricity in monopoly and oligopoly. Opsearch, 58(1), 1-28.

Awards & Achievements:

Research & Publications

amatam, R., Dutta, P., Dutta, G., & Lessmann, S. (2019). Efficiency analysis of Indian banking industry over the period 2008–2017 using data envelopment analysis. Benchmarking: An International Journal.
Dutta, G., Rao, H. V., Basu, S., & Tiwari, M. K. (2019). Asset liability management model with decision support system for life insurance companies: Computational results. Computers & Industrial Engineering, 128, 985-998.(IF 5.431)
Rao, H. V., Dutta, G., & Basu, S. (2018). New asset liability management model with decision support system for life insurance companies: interface design issues for database and mathematical models. International Journal of Revenue Management, 10(3-4), 259-289.
Krishnendranath Mitra & Goutam Dutta (2018). “A Two-Part Dynamic Pricing Policy for Household Electricity Consumption Scheduling with Minimized Expenditure”. Accepted for Publications for International Journal of Electrical Power and Energy Systems, Vol 100, 29-41. (h index 79, IF 4.63 JCR)
Gupta, N., Dutta, G., & Tiwari, M. K. (2018). An integrated decision support system for strategic supply chain optimisation in process industries: the case of a zinc company. International Journal of Production Research, 56(17), 5866-5882.( IF 8.898)
Dutta, G., Gupta, N., Mandal, J., & Tiwari, M. K. (2018). New decision support system for strategic planning in process industries: Computational results. Computers & Industrial Engineering, 124, 36-47 (IF 5.431, ABDC A journal)
Shinjini Pandey, Goutam Dutta & Harit Joshi (2017). “Survey on Revenue Management in Media and Broadcasting”. Accepted for publications in Interfaces, Vol. 47, No. 3, May–June, 195-213. (IF1.434 ABDC-B).
Goutam Dutta & Krishnendranath Mitra ((2017). “A literature review on dynamic pricing of electricity”. Accepted for publications in Journal of Operational Research Society (UK), Volume 68, Issue 10, 1131–1145 (ABDC-A) (IF 2.83 JCR).
Gupta, N., & Dutta, G. (2016). An optimization based decision support system for strategic planning in process industries: The case of a pharmaceutical company. In Real-World Decision Support Systems (pp. 175-198). Springer, (IF 5.795)
Goutam Dutta & Sumitro Santra (2016). “An exploratory study of price movements along booking profiles in the airline industry in the Indian Domestic market”. International Journal of Revenue Management, Vol. 9, No.1, 72-88.
Goutam Dutta & Sumitro Santra (2016). “An empirical study of price movements in the airline industry in the Indian market with power divergence statistics”. Journal of Revenue and Pricing Management, Vol. No. 1–15, 6 (ABDC-B, IF 0.78).
Goutam Dutta, Priyanko Ghosh & Arushi Wanchoo (2015). “A Logarithmic Goal Programming Approach to Develop the Utility Function for a Railway Travel”. International Journal of Revenue Management, Vol 8, No 2, 153-164. ABDC-B, IF .57).
Narain Gupta, Goutam Dutta & Robert Fourer (2014). “An Expanded Database Structure for a Class of Multi-period, Stochastic Mathematical Programming Models for Process Industries”. Decision Support Systems, Vol 64. August, 43-56 (ABDC-A*, h index 109, IF 5.795 JCR).
Goutam Dutta & Divya Pachisia (2014). “Comparison of Forecasting Techniques in Revenue Management for a National Railway in an Emerging Asian Economy”. International Journal of Revenue Management, Volume 8, No 2, 130-152.
Desai, K. R., & Dutta, G. (2013). A dynamic pricing approach to electricity prices in the Indian context. International Journal of Revenue Management, 7(3-4), 268-288.
Sandeep, K. & Dutta, G. (2012). “Multi-period Revenue Management Model for Internet Advertising”. Journal of Revenue and Pricing Management, Vol. 11, 225–239. (ABDC-B, IF 0.8 ).
Sarkar, D. & Dutta, G. (2012). “A Framework for Project Risk management for the Underground Corridor Construction of Metro Rail”. International Journal of Construction and Project Management, Vol. 4, No. 1, 1-19.
Goutam Dutta & Priyanko Ghosh (2012). “A Passenger revenue management system (RMS) for a National Railway in an Emerging Asian Economy”. Journal of Revenue and Pricing Management, Vol. No. 11, 478-499 (ABDC-B, IF .57).
Sandeep, K. & Dutta, G. (2011). “Optimal Table-mix and Acceptance-Rejection Problems in Restaurants”. International Journal of Revenue Management, Vol. 15, No 1, 1-15.
Sandeep, K., Dutta, G. & Bandyopadhyhay, T. (2011). “Revenue Impacts of Demand Unconstraining and Accounting for Dependency”. Journal of Revenue and Pricing Management, Vol. 10, 367–381, (ABDC-B, (ABDC-B, IF .57).
Goutam Dutta & Priyanko Ghosh (2011). “Development of a utility function for airline travel: a logarithmic goal programming Approach”. International Journal of Revenue Management, Vol. 5, No. 4, 277-299.
Dutta, G. Gupta, N. & Fourer, R. (2011). “An Optimization-Based Decision Support System for Strategic Planning in a Process Industry: The Case of an Aluminium Company in India” Journal of the Operational Research Society, Vol. 62, 616–626, (ABDC-A, IF 2.15).
Sarkar, D. & Dutta, G. (2010). “Design and Application of Risk Adjusted Cumulative Sum for Strength Monitoring of Ready Mixed Concrete.” Journal of Construction Engineering and Management, Vol. 136(6), 623–631, (ABDC-A*). (h. index 80, IF 1.01 JCR).
Dutta, G., Basu S. & John, J. (2010). “Development of Utility Function for Life Insurance Buyers in the Indian Market”. Journal of Operational Research Society, Volume 61, 585–593. (ABDC-A, IF .971)
Dutta G. & Fourer, R. (2008). “Database Structure for a Class of Multi-Period Mathematical Programming Models”. Decision Support Systems, Volume 45, 870-883, (ABDC-A*, h index 109, IF 4.290 JCR).
Garg, A., Tiwari, A., Dutta, G. & Basu, S. (2007). “A Stochastic Linear Programming Model for Asset Liability Management: The Case of an Indian Insurance Company”. Journal of Insurance and Risk Management, Vol. 6, No.11, 59-72.
Dutta, G., Fourer, R., Dutta, D., & Majumdar, A. (2007). “An Optimization Based Decision Support System for Strategic and Operational Planning with in Process Industries: Case of Pharmaceuticals Industry in India”. International Journal of Production Economics, Vol. 106, 92-10. (ABCD-A*). (h. index 153, IF 4.052 JCR).
Dutta, G., Mohan, N., Jha, P. & Laha, A.K. (2006). “Artificial Neural Network for Forecasting Stock Prices in Bombay Stock Exchange”. Journal of Emerging Market Finance, Vol. 5, No. 3, 283-295.
Dutta, G., Basu, S, & Vaidyanathan, K, (2005). “Term Structure Estimation in Illiquid Government Bond Markets: An Empirical Analysis for India”. Journal of Emerging Market Finance, Vol. 4, No. 1, 63-80.
Dutta G. & Fourer, R. (2004). “An Optimization Based Decision Support System for Strategic and Operational Planning with in Process Industries”. Optimization and Engineering, Volume 5, No. 3, 295-314. (Finalist Excellence in Practice Award, EURO-INFORMS 2006) (h. index 29, IF 1.15 JCR).
Bhatnagar, A., Gupta, R., Pappu, S. & Dutta, G. (2004). “Mathematical modeling for demurrage reduction in coal transportation for an Indian Thermal Power Plant” OPSEARCH, Journal of Operational Research Society of India, Volume 41, No.2, pp. 72-86.
Basu, S., Dutta, G., Gupta, R. & Bhatnagar, A. (2004). ”Usage of Mathematical Models and Operation Research Techniques in the Insurance Industry”. Journal of Insurance & Risk Management, Volume 3, No. 5. pp. 77-96.
Dutta, G. & Fourer, R. (2001). “A Survey of Mathematical Programming Applications in an Integrated Steel Plant”. Manufacturing and Service Operations Management, Vol. 3, No.4, Fall 2001, 387-400. (IF 2.592 JCR).
Dutta, G. (2001). “Lessons for Success in OR/MS Practice Gained from Experiences in Indian and US Steel Mills”. Interfaces, September-October, 23-30. (ABDC-B h. index 53, SJR .837).
Dutta G., Sinha, G.P., & Roy, P.N. (2000). “A Product Mix Optimizer for an Integrated Steel Plant”. IIMB Management Review, December, 80-86.
Sinha G. P., Chandrashekaran B.S., Mitter N., Dutta, G., Singh, S.B., Roy, P.N., & Roy Choudhury, A. (1995). “Strategic and Operational Management with Optimization at Tata Steel”, Interfaces, Vol. 22 No.1, 6-19, (Franz Edelman Award Winning paper, 1994). ABDC-B h. index 53, SJR .837).
Dutta G., Sinha G.P., Roy P.N., & Mitter, N. (1994). “A Linear Programming Model for Distribution of Electrical Energy in a Steel Plant”. International Transactions in Operations Research, Vol. 1, No.1, 18-29, (IFORS-93 Third World Prize Winning Paper). IF 1.71.
Natesan, S. R., & Dutta, G. (2021). A comparison of logarithmic goal programming and conjoint analysis to generate priority point vectors: an experimental approach. OPSEARCH, 1-32.
Dutta, G., Naik, A., Gosai, D., & Ghosh, P. (2021). A mathematical model for predicting length of postoperative intensive care requirement following cardiac surgery in an Indian hospital. OPSEARCH, 58(2), 330-350.
Kaicker, N., Dutta, G., & Mishra, A. (2021). Time-of-use pricing in the electricity markets: mathematical modelling using non-linear market demand. OPSEARCH, 1-36.
Kaikar, N., Dutta, G., Das, D., & Banerjee, S. (2021). Time-of-use pricing of electricity in monopoly and oligopoly. Opsearch, 58(1), 1-28.

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Dr. Goutam Dutta

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