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Research Areas

Real and financial options, Global supply chain design and risk hedging, Supply chain contract, Supply chain flexibility, New product introduction.

 

Selected Publications

Weather rebate contracts for different risk attitudes of supply chain members
P. Sarkar, M. Wahab, and L. Fang
European Journal of Operational Research, 311(1), 139-153, 2023
Link to Journal Site

Channel leadership and performance for a closed-loop supply chain considering competition
Y. Zhou, Y. Zhang, M. Wahab, and M. Goh
Transportation Research Part E: Logistics and Transportation Review, 175, 103151, 2023
Link to Journal Site

A real options approach to value manufacturing flexibilities with regime-switching product demand
M. I. M. Wahab, L.G. Lee, and P. Sarkar
Flexible Services and Manufacturing Journal, 35, 864-895, 2023
Link to Journal Site

Forecasting the aggregate oil price volatility in a data-rich enviroment
F. Ma, J. Liu, M. I. M. Wahab, and Y. Zhang
Economic Modelling 72, 320-332, 2018
Link to Journal Site

Retrofitting Carbon capture and strorage to natural gas-fired power plants: A real-options approach
R. S. Elias, M. I. M. Wahab, and L. Fang
Journal of Cleaner Production 192, 722-734, 2018
Link to Journal Site

Is economic policy uncertainty important to forcast the realized volatility of crude oil futures?
F. Ma, M. I. M. Wahab, J. Liu, and L. Liu
Applied Economics 50(18), 2087-2101, 2018
Link to Journal Site

Forecasting the realized volatility of the oil market: A regime-switching approach
F. Ma, M. I. M. Wahab, D. Huang, and W. Xu
Energy Economics 67, 136-145, 2017
Link to Journal Site

Integrating weather and spark spread options for valuing a natural gas-fired power plant with multiple turbines
R. S. Elias, M. I. M. Wahab, and L. Fang
Engineering Economist 62(4), 293-321, 2017
Link to Journal Site (The best paper of the issue)

Forecasting the realized range-based volatility using dynamic average approach
J. Liu, Y. Wei, F. Ma, and M. I. M. Wahab
Economic Modelling 61, 12-26, 2017
Link to Journal Site

Incoporating human factors-related perfromance variation in optimizing a serial system
A. Sobhani, M. I. M. Wahab, and W. P. Neumann
European Journal of Operational Research 257, 69-83, 2017
Link to Journal Site

The spark spread and clean spark spread option based valuation of a power plant with multiple turbines
R. S. Elias, M. I. M. Wahab, and L. Fang
Energy Economics 59, 314-327, 2016
Link to Journal Site

Integrating ergonomics aspects into operations management performance optimization models: A modeling framework
A. Sobhani, M. I. M. Wahab, and W. P. Neumann
IIE Transaction of Occupational Ergonomics and Human Factors 4, 19-97, 2016
Link to Journal Site (The best paper of the issue)

A joint replenishment problem considering maltiple trucks with shipment and resource constraints
Y. Chen, M. I. M. Wahab, and P. Ongkunaruk
Computers and Operations Research 74, 53-63, 2016
Link to Journal Site

Investigating work-related ill health effects in optimizing the performance of manufacturing systems
A. Sobhani, M. I. M. Wahab and W. P. Neumann
European Journal of Operational Research 241, 708-718, 2015
Link to Journal Site

A comparision of regime-switching temperature modeling approaches for applications in weather derivatives
R. S. Elias, M. I. M. Wahab, and L. Fang
European Journal of Operational Research 232, 549-560, 2014
Link to Journal Site

How to make the replenishment and payment strategy under flexible two-part trade credit
Y.-W. Zhou, Y. Zhong, and M. I. M. Wahab
Computers and Operations Research 40(5), 1328-1338, 2013
Link to Journal Site

EOQ models for a coordinated two-level international supply chain considering imperfect items and environmental impact
M. I. M. Wahab, S. M. H. Mamun, and P. Ongkunaruk
International Journal of Production Economics 134, 151-158, 2011
Link to Journal Site

Pricing swing options with regime switching
M. I. M. Wahab and C.-G. Lee
Annals of Operations Research 185, 139-160, 2011
Link to Journal Site

Pricing swing options in the electricity markets under regime-switching uncertainty
M. I. M. Wahab, Z. Yin, and C. Edirisinghe
Quantitative Finance, 10, 975-994, 2010
Link to Journal Site

A lattice approach to pricing of multivariate contingent claims with regime switching
M. I. M. Wahab and C.-G. Lee
Journal of Derivatives, 17, 49-61, 2009
Link to Journal Site

A generic approach to measuring the machine flexibility of manufacturing systems
M. I. M. Wahab, D. Wu, and C.-G. Lee
European Journal of Operational Research, 186, 137-149, 2008
Link to Journal Site

Measuring machine and product mix flexibilities of a manufacturing system
M. I. M. Wahab
International Journal of Production Research 43, 3773-3786, 2005
Link to Journal Site

Book Chapters

Flexibility measures of distributed manufacturing systems
M. I. M. Wahab and S. Zolfaghari
Collaborative Design and Planning for Digital Manufacturing, Springer London, 389-405, 2009
Link to Book Chapter

Supply chain coordination with energy price uncertainty, carbon emission cost, and product return
S. Paul, M. I. M. Wahab, and X. F. Cao
Handbook of EOQ Inventory Problems, International Series in Operations Research & Management Science, Springer US, Vol. 197, 179-199, 2014
Link to Book Chapter

Benefits of Big Data in Supply Chain Management
M. Indralingam, M. I. M. Wahab, and L. Fang
In: Li X., Xu X. (eds) Proceedings of the Seventh International Forum on Decision Sciences. Uncertainty and Operations Research. Springer, Singapore, 151-156, 2020
Link to Book Chapter

Journal Publications

Stock market volatility predictability in a data-rich world: A new insight
F. Ma, J. Wang, M. I. M. Wahab, and Y. Ma
International Journal of Forecasting, 39(4), 1804-1819, 2023
Link to Journal Site

A real options approach to value manufacturing flexibilities with regime-switching product demand
M. I. M. Wahab, L.G. Lee, and P. Sarkar
Flexible Services and Manufacturing Journal, 35, 864-895, 2023
Link to Journal Site

A hybrid branch-and-price-and-cut algorithm for the two-dimensional vector packing problem with time windows
M. Gao, Y. Chen, J. Li, and M. I. M. Wahab
Computers & Operations Research, 157, 106267, 2023
Link to Journal Site

Channel leadership and performance for a closed-loop supply chain considering competition
Y. Zhou, Y. Zhang, M. Wahab, and M. Goh
Transportation Research Part E: Logistics and Transportation Review, 175, 103151, 2023
Link to Journal Site

Weather rebate contracts for different risk attitudes of supply chain members
P. Sarkar, M. Wahab, and L. Fang
European Journal of Operational Research, 311(1), 139-153, 2023
Link to Journal Site

Is Baidu index really powerful to predict the Chinese stock market volatility? New evidence from the internet information
Q. lang, J. Wang, F. Ma, D. Hunag, and M. I. M. Wahab
China Finance Review International, 13(2), 263-284, 2023
Link to Journal Site

Forecasting crude oil market volatility using variable selection and common factor
Y. Zhang, M. I. M. Wahab, and Y. Wang
International Journal of Forecasting, 39(1), 486-502, 2023
Link to Journal Site

Financial stress and oil market volatility: New evidence
D. Pang, F. Ma, M. I. M. Wahab, and B. Zhu
Applied Economics Letters, 30, 1-6, 2023
Link to Journal Site

A tug of war of forecasting the US stock market volatility: Oil futures overnight versus intraday information
F. Ma, M. I. M. Wahab, J. Chevallier, and Z. Li
Journal of Forecasting, 42(1), 60-75, 2023
Link to Journal Site

A new decision framework of online multi-attribute reverse auctions for green supplier selection under mixed uncertainty
S. Wang, Y. Ji, M. I. M. Wahab, D. Xu, and C. Zhou
Sustainability, 14(24) 16879, 2022
Link to Journal Site

Bridging the supply chain resilience research and practice gaps: Pre and post COVID-19 perspectives
P. Sarkar, M. I. M. Wahab, and T. Tkachev
Journal of Global Operations and Strategic Sourcing, 15(4), 599-627, 2022
Link to Journal Site

High cardiovascular disease risk-associated with the incidence of type 2 diabetes among prediabetics
A. Dekamin, M. I. M. Wahab, K. Keshavjee, and A. Guergachi
European Journal of Internal Medicine, 106, 56-62, 2022
Link to Journal Site

Does the US stock market information matter for European equity market volatility: A multivariate perspective?
Y. Tang, F. Ma, M. I. M. Wahab, and Y. Wei
Applied Economics, 54(58), 6726-6743, 2022
Link to Journal Site

Optimal pricing and choice of platform advertising schemes considering across-side network effect
Y. Zhou, Y. Zhang, and M. I. M. Wahab
Managerial and Decision Economics, 43(4), 1059-1079, 2022
Link to Journal Site

Optimal replenishment strategy for a single-manufacturer multi-retailer cold chain considering multi-stage quality degradation
G. Chen, M. I. M. Wahab, and L. Fang
Applied Mathematical Modelling, 104, 96-113, 2022
Link to Journal Site

A comprehensive look at stock return predictability by oil prices using economic constraint approaches
F. Ma, R. Wang, X. Lu, and M. I. M. Wahab
International Review of Financial Analysis, 78, 101899, 2021
Link to Journal Site

Solving the battery swap station location-routing problem with a mixed fleet of electric and conventional vehicles using a heuristic branch-and-price algorithm with an adaptive selection scheme
Y. Chen, D. Li, Z. Zhang, M. I. M. Wahab, and Y. Jiang
Expert Systems With Applications, 186, 115683, 2021
Link to Journal Site

FIUS: Fixed partitioning undersampling method
A. Dekamin, M. I. M. Wahab, A. Guergachi, and K. Keshavjee
Clinica Chimica Acta, 522, 174-183, 2021
Link to Journal Site

Forecasting China's crude oil futures volatility: The role of the jump, jumps intensity, and leverage effect
J. Wang, F. Ma, M. I. M. Wahab, and H. Dengshi
Journal of Forecasting, 40(5), 921-941, 2021
Link to Journal Site

The role of oil futures intraday information on predicting US stock market volatility
Y. Tang, X. Xiao, M. I. M. Wahab, and F. Ma
Journal of Management Science and Engineering. 6(1), 64-74, 2021
Link to Journal Site

Harnessing the decomposed realized measures for volatility forecasting: Evidence from the US stock market
B. Lu, F. Ma, J. Wang, H. Ding, and M. I. M. Wahab
International Review of Economics and Finance, 72, 672--689, 2021
Link to Journal Site

Cryptocurrency volatility forecasting: A Markov regime-switching MIDAS approach
F. Ma, C. Liang, Y. Ma, and M. I. M. Wahab
Journal of Forecasting, Forthcoming 2020
Link to Journal Site

Integrated multi-stage decision-making for winner determination problem in online multi-attribute reverse auctions under uncertainty
S. Wang, S. Qu, M. Goh, M. I. M. Wahab, and H. Zhou
International Journal of Fuzzy Systems, 21, 2354-2372, 2019
Link to Journal Site

The role of jumps in the agricultural futures on forecasting stock market volatility: New evidence
F. Ma, Y. Zhang, M. I. M. Wahab, and X. Lai
Journal of Forecasting, 38(5), 400-414, 2019
Link to Journal Site

A novel damping method for strapdown inertial navigation system
Z.-L. Deng, J. Sun, F. Ding, and M. I. M. Wahab
IEEE Access, 7, 49549-49557, 2019
Link to Journal Site

Forecasting the U.S. stock volatility: An aligned jumps index from G7 stock markets
F. Ma, M. I. M. Wahab, and Y. Zhang
Pacific-Basin Finance Journal, 54, 132--146, 2019
Link to Journal Site

Optimal strategy for a green supply chain considering shipping policy and default risk
S. Qu, Y. Zhou, Y. Zhang, M. I. M. Wahab, G. Zhang, and Y. Ye
Computers & Industrial Engineering, 131, 172-186, 2019
Link to Journal Site

Joint replenishment decision considering shortages, partial demand substitution, and defective items
Y. Chen, L. Yang, Y. Jiang, M. I. M. Wahab, and J. Yang
Computers & Industrial Engineering, 127, 420-435, 2019
Link to Journal Site

Quantifying saving and carbon emissions reduction by upgrading residential furnaces in Canada
R.S. Elias, M. Yuan, M. I. M. Wahab, and N. Patel
Journal of Cleaner Production, 211, 1453-1462, 2019
Link to Journal Site

The effect of working environment aspects on a vendor-buyer inventory model
A. Sobhani, M. I. M. Wahab, and M. Y. Jaber
International Journal of Production Economics, 208, 171-183, 2019
Link to Journal Site

Toward a M2M-based internet of vehicles framework for wireless monitoring applications
F. Ding, R. Su, E. Tong, D. Zhang, H. Zhu, and M. I. M. Wahab
IEEE Access, 6, 67699-67708, 2018
Link to Journal Site

Forecasting the aggregate oil price volatility in a data-rich environment
F. Ma, J. Liu, M. I. M. Wahab, and Y. Zhang
Economic Modeling, 72, 320-332, 2018
Link to Journal Site

Retrofitting carbon capture and storage to natural gas-fired power plants: A real-options approach
R. S. Elias, M. I. M. Wahab, and L. Fang
Journal of Cleaner Production, 192, 722-734, 2018
Link to Journal Site

Inter-arrival time distribution of service facilities in underground subway stations: A case study of the metropolitan city of Chengdu in China
Y. Chen, B. Yi, Y. Jiang, J. Sun, and M. I. M. Wahab
Transportation Research Part A: Policy and Practice, 111, 227-251, 2018
Link to Journal Site

Is economic policy uncertainty important to forecast the realized volatility of crude oil futures?
F. Ma, M. I. M. Wahab, J. Liu, and L. Liu
Applied Economics, 50(18) 2087-2101, 2018
Link to Journal Site

The effect of work environmental-health aspects on carbon emissions of a manufacturing system
A. Sobhani and M. I. M. Wahab
Computers & Industrial Engineering, 113, 75-90. 2017
Link to Journal Site

Forecasting the realized volatility of the oil futures market: A regime switching approach
F. Ma, M. I. M. Wahab, D. Huang, and W. Xu
Energy Economics, 67, 136-145 2017
Link to Journal Site

The life cycle of a feature: Modelling the transitions between feature states
R. Batarfi, A. Guergachi, and M. I. M. Wahab
International Journal of Quality & Reliability Management, 34(8), 1229-1251, 2017
Link to Journal Site

Integrating weather and spark spread options for valuing a natural gas-fired power plant with multiple turbines
R. S. Elias, M. I. M. Wahab, and L. Fang
Engineering Economist, 62(4), 293-321, 2017 (The Best Paper of the Issue)
Link to Journal Site

Forecasting the realized range-based volatility using dynamic model averaging approach
J. Liu, Y. Wei, F. Ma, and M. I. M. Wahab
Economic Modelling, 61, 12-26, 2017
Link to Journal Site

Incorporating human factors-related performance variation in optimizing a serial system
A. Sobhani, M. I. M. Wahab, and W. P. Neumann
European Journal of Operational Research, 257, 69-83, 2017
Link to Journal Site

The spark spread and clean spark spread option based valuation of a power plant with multiple turbines
R. S. Elias, M. I. M. Wahab, and L. Fang
Energy Economics, 59, 314-327, 2016
Link to Journal Site

Joint optimization models for shelf display with inventory control considering the impact of the spatial relationship on demand
J. Zhao, Y.-W. Zhou, and M. I. M. Wahab
European Journal of Operational Research, 255, 797-808, 2016
Link to Journal Site

Integrating of ergonomics aspects into operations management performance optimization models: A modeling framework
A. Sobhani, M. I. M. Wahab, and W. P. Neumann
IIE Transactions on Occupational Ergonomics and Human Factors, 4, 19-37, 2016 (The Best Paper of the Issue)
Link to Journal Site

A joint replenishment problem considering multiple trucks with shipment and resource constraints
Y. Chen, M. I. M. Wahab, and P. Ongkunaruk
Computers and Operations Research, 74, 53-63, 2016
Link to Journal Site

A genetic algorithm for a joint replenishment problem with resource and shipment constraints and defective items
P. Ongkunaruk, M. I. M. Wahab, and Y. Chen
International Journal of Production Economics, 175, 142-152, 2016
Link to Journal Site

The facility layout problem in non-rectangular logistics parks with split lines
Y. Chen, Y. Jiang, M. I. M. Wahab, and X. Long
Expert Systems with Applications, 42(21), 7768-7780, 2015
Link to Journal Site

Investigating work-related ill health effects in optimizing the performance of manufacturing systems
A. Sobhani, M. I. M. Wahab, and W. P. Neumann
European Journal of Operational Research, 241, 708-718, 2015
Link to Journal Site

Approximate dynamic programming modeling for a typical blood platelet bank
U. Abdulwahab and M. I. M. Wahab
Computers & Industrial Engineering, 78, 259-270, 2014
Link to Journal Site

Joint replenishment with imperfect items and price discount
S. Paul, M. I. M. Wahab, and P. Ongkunaruk
Computers & Industrial Engineering, 74, 179-185, 2014
Link to Journal Site

A comparison of regime-switching temperature modeling approaches for applications in weather derivatives
R. S. Elias, M. I. M. Wahab, and L. Fang
European Journal of Operational Research, 232, 549-560, 2014
Link to Journal Site

How to make the replenishment and payment strategy under flexible two-part trade credit
Y.-W. Zhou, Y.-G. Zhong, and M. I. M. Wahab
Computers and Operations Research, 40, 1328-1338, 2013
Link to Journal Site

EOQ models for a coordinated two-level international supply chain considering imperfect items and environmental impact
M. I. M. Wahab, S. M. H. Mamun, and P. Ongkunaruk
International Journal of Production Economics, 134, 151-158, 2011
Link to Journal Site

Pricing swing options with regime switching
M. I. M. Wahab and C.-G. Lee
Annals of Operations Research, 185, 139-160, 2011
Link to Journal Site

Managing construction risks of AP1000 nuclear power plants in China
S. Wang, M. I. M. Wahab, and L. Fang
Journal of Systems Science and Systems Engineering, 20, 43-69, 2011
Link to Journal Site

Economic order quantity model for items with imperfect quality with learning in inspection
M. Khan, M. Y. Jaber, and M. I. M. Wahab
International Journal of Production Economics, 124, 87-96, 2010
Link to Journal Site

A heuristic model and software development for SMT line balancing: A case study
Y. Jin, Y. Li, and M. I. M. Wahab
International Journal of Services Sciences, 3, 53-78, 2010
Link to Journal Site

Pricing swing options in the electricity markets under regime-switching uncertainty
M. I. M. Wahab, Z. Yin, and C. Edirisinghe
Quantitative Finance, 10, 975-994, 2010
Link to Journal Site

Economic order quantity model for items with imperfect quality, different holding costs, and learning effects: A note
M. I. M. Wahab and M.Y. Jaber
Computers & Industrial Engineering, 58, 186-190, 2010
Link to Journal Site

A lattice approach to pricing of multivariate contingent claims with regime switching
M. I. M. Wahab and C.-G. Lee
Journal of Derivatives, 17(!), 49-61, 2009
Link to Journal Site

A generic approach to measuring the machine flexibility of manufacturing systems
M. I. M. Wahab, D. Wu, and C.-G. Lee
European Journal of Operational Research, 186, 137-149, 2008
Link to Journal Site

A dynamic approach to measuring machine and routing flexibilities of manufacturing systems
M. I. M. Wahab and J. S. Stoyan
International Journal of Production Economics 113, 895-913, 2008
Link to Journal Site

Measuring machine and product mix flexibilities of a manufacturing system
M. I. M. Wahab
International Journal of Production Research 43, 3773-3786, 2005
Link to Journal Site