Vivek Farias


Patrick J. McGovern (1959) Professor
Associate Professor of Operations Management

 

Vivek Farias Vivek Farias is the Patrick J. McGovern (1959) Professor and an Associate Professor of Operations Management at the MIT Sloan School of Management.

His research focuses on the development of new methodologies for large-scale dynamic optimization under uncertainty, and the application of these methodologies to the design of practical revenue management strategies across various industries ranging from airlines and retail to online advertising. Farias is a recipient of the 2006 INFORMS MSOM Student Paper prize for a research paper judged to be the best in the field of operations management. A consultant in the finance industry, he most recently contributed to GMO LLC’s first successful high-frequency algorithmic trading strategy.

Farias holds a BS in computer engineering from the University of Arizona, and a PhD in electrical engineering from Stanford University.


Faculty Media

  • Celect Raises $10 Million in Series B Funding

    Celect, founded by two MIT professors Vivek Farias and Devavrat Shah in 2013, has raised 10 million in Series B funding. Celect is a cloud-based, predictive analytics SaaS platform that helps...


    VIEW
  • Choice-Modeling Software Predicts Customer Preferences for Retailers

    "It's very complicated behind the scenes. But at the end of the day it's doing something very simple: tracking who wants to buy what, and matching the product with the person," says Farias, the...


    VIEW
  • Vivek Farias Wins 2014 Outstanding Simulation Publication Award

    Vivek Farias won the 2014 Outstanding Simulation Publication Award given by the INFORMS Simulation Society.  INFORMS (Institute for Operations Research and the Management Sciences) is the largest...


    VIEW
  • Doing the Math

    MIT Sloan Management Professor Vivek Farias crunches the numbers to see how complex systems can be optimized.


    VIEW
  • Revenue Management Lessons Learned from J.C. Penney

    Sadly, J.C. Penney has turned into a public example that illustrates the serious danger of a flawed product pricing strategy."One of the central problems in the theory of revenue management is that...


    VIEW
  • Retailers and Paula Deen: Discontinue or Pull Products?

    The recent news around Paula Deen demonstrates the bind retailers get into when making deals with celebrity product endorsers—what do you do if (or when) the celebrity finds herself or himself in a...


    VIEW

Contact Information

Office: E62-566
Phone: (617) 253-7659
Fax: (617) 258-7579
Email: vivekf@mit.edu
Website: http://web.mit.edu/vivekf/www/
Support Staff
Name: David Merrill
Phone: 617-253-3341

Teaches In

Developing a Leading Edge Operations Strategy Nov 5-6, 2019 | Apr 9-10, 2020 | Jun 25-26, 2020 | Nov 12-13, 2020