ZHENG Yusheng

Phone: +86 21 6269 6677 ext. 6210
E-mail: yszheng@ckgsb.edu.cn

Emeritus Professor, Cheung Kong Graduate School of Business (CKGSB)

PhD, Columbia University

Areas of Expertise: Financial Models, Inventory Management, Manufacturing Operations, Service Operations, Supply Chain Management

Biography

Dr. Zheng Yusheng received his Ph. D. from Columbia University in 1987. Upon graduation, he joined the faculty of the Wharton School, University of Pennsylvania, and became its first tenured member of faculty from China in 1996, teaching at the undergraduate, MBA and Ph.D. levels. Most of his research results have been published in leading academic journals. Dr. Zheng had been an associate editor of Operations Research and Management Science for most than 10 years. In 2002, he returned to China to join the new Cheung Kong Graduate School of Business. He has provided consulting service to numerous companies. He is frequently invited to speak at major international academic and industrial conferences.

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• Zheng is an associate editor at Operations Research and Management Science. He has also served on the editorial board of Manufacturing and Service Operations Management.
• He has provided consulting service to multinational companies such as IBM, Teradyne, Voice of Europe, Corporate Decisions, and Vanguard Group

• Hstyle: Taobrand’s Evolution Theories, 2014
• Red Collar Group: Combining Personalized Designs with Mass Production, 2016
• Baozun E-Commerce: Traditional Retail Brand’s “E-commerce Butler”, 2017

Selected Publications

Refereed Journal Papers

1. Y. -S. Zheng and P. Zipkin, “A Queuing Model to Analyze the Value of Centralized Inventory Information.” Operations Research, 1990, Vol. 38, 296-307.
2. Y. -S. Zheng and A. Federgruen, “Finding Optimal (s,S) Policies is About as Simple as Evaluating a Single Policy.” Operations Research, 1991, Vol. 39, 654-665.
3. Y.-S. Zheng, “A Simple Proof for Optimality of (s,S) Policies in in finite Horizon Inventory Systems.” Journal of Applied Probability, 1991, Vol. 28, 802-810.
4. Y.-S. Zheng, “On Properties of Stochastic Inventory Systems.” Management Science, 1992, Vol. 38, 87-103.
5. A. Federgruen and Y.-S. Zheng, “The Joint Replenishment Problem with General Joint Cost Structure.” Operations Research, 1992, Vol. 40, 384-403.
6. A. Federgruen , M. Queyranne and Y.-S. Zheng, “Simple Power-of-two Policies are Close to Optimal in a General Class of Production/Distribution Networks with General Joint Setup Costs.” Mathematics of Operations Research, 1992, Vol. 17, 951-963.
7. Y.-S. Zheng and F. Chen, “Inventory Policies with Quantized Ordering.” Naval Research Logistics, 1992, Vol. 39, 285-305.
8. A. Federgruen and Y.-S. Zheng, “An Efficient Algorithm for Computing Optimal (r,Q) Policies in Continuous-Review Stochastic Inventory Systems.” Operations Research, 1992, Vol. 40, 808-812.
9. F. Chen and Y.-S. Zheng, “Waiting Time Distribution in (T,S) Inventory Systems.” Operations Research Letters, 1992, Vol. 12, 145-151.
10. F. Chen and Y.-S. Zheng, “Inventory Models with General Backorder Costs.” European Journal of Operations Research, 1993, Vol. 65, 175-186.
11. F. Federgruen and Y.-S. Zheng, “Optimal Control Policies for Stochastic Inventory Systems with Endogenous Supply.” Probability in the Engineering and Informational Sciences, 1993, Vol. 7, 257-272.
12. A. Federgruen and Y.-S. Zheng, “Optimal Power-of-Two Replenishment Strategies in Capacitated General Production/Distribution Networks.” Management Science, 1993, Vol. 39, 710-727.
13. Y.-S. Zheng, “Optimal Control Policy for Stochastic Inventory Systems with Markovian Discount Opportunities.” Operations Research, 1994, Vol. 42, 721-738.
14. F. Chen and Y.-S. Zheng, ”Evaluating Echelon Stock (R; nQ) Policies in Serial Production/Inventory Systems with Stochastic Demand,” 1994, Management Science, Vol. 40,1262-1275.
15. F. Chen and Y.-S. Zheng, “Lower Bounds for Multi-Echelon Stochastic Inventory Systems,” Management Science, 1994, Vol.40, 1426-1443.
16. A. Federgruen and Y.-S. Zheng, “Efficient Algorithms for Finding Optimal Power-of-Two Policies for Production/Distribution Systems with General Joint Setup Costs,” 1995, Operations Research, Vol. 43, 458-470.
17. F. Chen and Y.-S. Zheng, ”One Warehouse Multi-Retailer Systems with Centralized Information,” 1997, Operations Research. Vol. 45, 275-287.
18. M. Cohen, Y.-S. Zheng and V. Agrawal, ”Service Parts Logistics Benchmark Analysis,” 1997, IIE Transactions, Vol. 29, 627-639.
19. F. Chen and Y.-S. Zheng, “Sensitivity Analysis of an (s,S) Policies,” 1997, Operations Research Letters, 1997, Vol. 21, 19-23.
20. F. Chen and Y.-S. Zheng, “Near-Optimal Echelon-Stock (r,nQ) Policies in Multi-Stage Serial Systems,” 1998, Operations Research, Vol. 46, 592-602.
21. M. Cohen, Y.-S. Zheng and Y. Wang, “Identifying Improvement Opportunities for a Service Parts Logistics System,” 1999, Interfaces, Vol. 29, 1-18.
22. W. Zhao and Y.-S. Zheng, “Optimal Dynamic Pricing for Perishable Assets with General Nonhomogeneous Demand,” 2000, Management Science, Vol. 46, 375-388.
23. Y. Wang, M. Cohen and Y.-S. Zheng, “A Two-Echelon Repairable Inventory System with Stocking-Center-Dependent Depot Replenishment Lead Times” 2000, Management Science, Vol. 46, 1441-1453.
24. W. Zhao and Y.-S. Zheng, “A Dynamic Model for Airline Seat Allocation with Passenger Diversion,” 2001, Transportation Science, Vol. 35, 80-98.
25. F. Chen, A. Federgruen and Y.-S. Zheng, “Coordination Mechanisms for Decentralized Distribution Systems,” 2001, Management Science, Vol. 47, 693-708.
26. M. Fisher, K. Ramdas and Y.-S. Zheng, “Ending Inventory Valuation in Multi-Period Production Scheduling,” 2001, Management Science, Vol. 47, 679-692.
27. F. Chen, A. Federgruen and Y.-S. Zheng “Near Optimal Pricing and Replenishment Strategies for a Retail/Distribution System,” 2001, Operations Research, Vol. 49, 839-853.
28. Y. Wang, M. Cohen and Y.-S. Zheng, “Differentiating Parts Replacement Service on the Basis of Delivery Lead-Times,” 2002, IIE Transactions, Vol. 34, 979-989.
29. T. Ho and Y.-S. Zheng, “Setting Customer Expectation in Service Delivery: An Integrated Marketing-Operations Perspective,” 2004, Management Science, Vol. 50, 479-488.
30. N. Watson and Y.-S. Zheng, “A Demand-Focused Decentralization Scheme for Serial Supply Chains,” 2005, Manufacturing and Service Operations Management. Vol.7,152-168.

Preprints

1. “Adverse Effects of Over-estimation of the Permanence of New Demand levels: Overreaction To Demand Changes and Improper Forecasting”(with Noel Watson), 2003.
2. “Multi-Product Newsboy Model with Partial Postponement” (with N. Rudi), 1997.
3. “A Sensitivity Analysis of Stochastic Inventory Systems” (with X. deGroote), 1993. Invited Pres.