Xiaobei Shen (沈晓蓓)
Professor
School of Management, University of Science and Technology of China (USTC), China
Room 521, Management Building, Email: fayshen@ustc.edu.cn
Brief Introduction
I am a faculty member at School of Management and International Institute of Finance, USTC. I obtained my Ph.D. degree in 2013 from the Department of Industrial Engineering and Decision Analytics, Hong Kong University of Science and Technology, under the supervision of Prof. Fugee Tsung. Back in 2009, I received my B.E. degree from the School of Mechnical Engineering, Shanghai Jiao Tong University, under the supervision of Prof. Zhibin Jiang.
I work on the operation and business strategies related to inventory, pricing, contract design and consumer behavior, trying to figure out the optimal rules. To apply the strategies, I frequently use convex optimization and dynamic programming to develop efficient algorithms. I am also interested in multiple areas such as artificial intelligence, robotics, etc.
Work Experience
School of Management, University of Science and Technology of China
Professor, 2022 - now
Associate Professor, 2019 - 2022
Assistant Professor, 2016 - 2018
College of Business/Engineering, City University of Hong Kong
Research Fellow, 2013 - 2016
Education
Hong Kong University of Science and Technology, Hong Kong SAR
Ph.D. in Industrial Engineering, Department of IEDA, 2009 - 2013
Shanghai Jiao Tong University, China
B.E. in Mechanical Engineering, School of Mechanical Engineering, 2005 - 2009
Research Interests
Supply Chain and Inventory Management, Dynamic Pricing, Contract Design, Data-Driven Research
Teaching Experience
Instructor, Python, Undergraduate, USTC
Instructor, Social Media Analysis, Undergraduate, USTC
Instructor, Operations Management, International MBA (IMBA), USTC
Instructor, Revenue Management, Postgraduate, USTC
Instructor, Optimization and Algorithm, Postgraduate, USTC
Publications
”#” indicates the (co-)supervised postdocs and students in or outside USTC, “*” indicates the corresponding author
- Jiancheng Lyu(#), Xiaobei Shen, Yuqian Zhou, Xiangyin Kong. Quality signaling in rewards-based crowdfunding: The role of deferred payments. *Manufacturing and Service Operations Management, 2026, Forthcoming.
- Yuanyuan Liu(#), Yundong Xie, Xiaobei Shen, Dengsheng Wu. Artificial intelligence use and scientific innovation. *Journal of the Association for Information Science and Technology, 2025, Published online.
- Jingsheng (Jeannette) Song, Zhengliang Xue, Xiaobei Shen. Dynamic pricing and inventory control for substitutable products based on market conditions. *Manufacturing and Service Operations Management, 2025, Published online.
- Caiyuan Xiong(#), Yugang Yu, Xiaobei Shen. Inventory management for maintenance service outsourcing: Should a manufacturer choose full outsourcing? *Transportation Research Part E, 2025, 200, 104156.
- Yue Zhou(#), Xiaobei Shen, Yugang Yu. Inventory control strategy: based on demand forecast error. *Modern Supply Chain Research and Applications, 2023, 5(2), 74-101.
- Xiaobei Shen, Yimin Yu, Jingsheng (Jeannette) Song. Optimal policies for a multi-echelon inventory problem with service time target and expediting. *Manufacturing and Service Operations Management, 2022, 24(4), 2310-2327.
- Xiaobei Shen, Yimin Yu, Woonghee Tim Huh. A permutation-dependent separability approach for capacitated two-echelon inventory systems. *Operations Research, 2022, 70(4), 1953-1968.
- Xiangyin Kong, Shuqi Liu(#), Xiaobei Shen, Gengzhong Feng. The optimal joint incentive contract designs and inventory decisions with an overconfident agent. *Systems Engineering – Theory & Practice, 2022, 42(1), 123-137. (In Chinese)
- Xu Tian(#), Gongbing Bi, Xiaobei Shen, Lindong Liu. Crowdsourcing contests with entry cost. *International Transactions in Operational Research, 2021, 28(3), 1371-1392.
- Xiaobei Shen, Yimin Yu. Capacity allocation with multiple suppliers and multiple demand classes. *Production and Operations Management, 2019, 28(11), 2792-2807. (Manuscript)
- Xiaobei Shen, Lina Bao, Yimin Yu, Zhongsheng Hua. Managing supply chains with expediting and multiple demand classes. *Production and Operations Management, 2019, 28(5), 1129-1148. (Manuscript)
- Xiaobei Shen, Lina Bao, Yimin Yu. Coordinating inventory and pricing decisions with general price-dependent demands. *Production and Operations Management, 2018, 27(7), 1355-1367. (Manuscript)
- Xiaobei Shen, Zoie Shui-Yee Wong, Man Ho Ling, David Goldsman, Kwok-Leung Tsui. Comparison of algorithms to simulate disease transmission. *Journal of Simulation, 2017, 11(3), 285-294. (Manuscript)
- Xiaobei Shen, Kwok-Leung Tsui, William H. Woodall, Changliang Zou. Self-starting monitoring scheme for Poisson count data with varying population sizes. *Technometrics, 2016, 58(4), 460-471. (Manuscript)
- Xiaobei Shen, Fugee Tsung, Changliang Zou. A new multivariate EWMA scheme for monitoring covariance matrices. *International Journal of Production Research, 2014, 52(10), 2834-2850. (Manuscript)
- Xiaobei Shen, Fugee Tsung, Changliang Zou, Wei Jiang. Monitoring Poisson count data with probability control limits when sample sizes are time-varying. *Naval Research Logistics, 2013, 60(8), 625-636. (Manuscript)
Supervision
- Jiancheng Lyu, Post-doc, graduated from USTC in 2023.
- Yuanyuan Liu, Post-doc, graduated from USTC in 2023; Now, a non-tenured Associated Professor in School of Public Affairs, USTC.
- Shuqi Liu, PhD candidate, co-supervised with Prof. Shouqiang Wang from UTD; winner of National Scholarship (2022), CSC Scholarship (2023); expected graduation: 2026.
- Zhe Zhang, PhD candidate; expected graduation: 2027.
- Xiaoting Xie, PhD candidate.
- Bingfeng Li, PhD candidate.
- Jingyi Xu, PhD candidate.
- Mengyuan Li, PhD candidate.
- Xin Wang, MSc student.
- Yuhui Shi, MSc student.
- Jiaqi Yu, MSc student.
- Zixian Zhang, MPhil student.
- Xiaoni Qiu, MPhil student.
- Haosen Ma, MPhil student.
- Liang Su, MPhil student.
- Yubing Li, MPhil student.
- Guohua Zhan, MPhil student.
- Bokai Chang, MPhil student.
- Xuan Xiong, MPhil student.
Graduated students
- Caiyuan Xiong, PhD, co-supervised with Prof. Yugang Yu, graduated from USTC in 2022; winner of Chinese Academy of Sciencer Dean Reward (Excellence Award, 2022年度中国科学院院长优秀奖); Now, a post-doc in USTC.
- Chunfang Yuan, MPhil, graduated from USTC in 2023. First position: Full Truck Alliance (满帮)
- Yue Zhou, MPhil, graduated from USTC in 2023.
- Bangzhu Zhou, MPhil, graduated from USTC in 2024
- Fangrong Zhao, MSc, graduated from USTC in 2024.