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Faculty Directory

Stephen G. Powell

Professor of Business Administration








PhD, Stanford University, 1983; MS, Stanford University, 1976; AB, Oberlin College, 1971

Areas of Expertise

Management science, operations management, business modeling and simulation


Data Mining for Business Analytics


Steve Powell teaches courses in management science including the core Decision Science course and electives in the Art of Modeling and Applications of Simulation. His research interests include modeling production lines and service sector business processes, as well as how novices formulate models and use models in decision making.

Current Research Topics

  • Application of management science modeling to business and public decision making
  • Design of production lines and business processes
  • Advertising and promotion strategies
  • Inventory policy
  • Natural resource modeling

Professional Activities

Academic positions

  • Tuck School of Business, 1987–present
  • Faculty Affiliate, Glassmeyer/McNamee Center for Digital Strategies, Tuck School, 2001–present
  • Academic Director, INFORMS Workshop on Teaching of Management Science

Nonacademic positions

  • Senior Management Science Analyst, Merrill Lynch, 1986–87
  • Senior Operations Research Analyst, RCA, 1985–86
  • Senior Strategic Analyst, Wang Laboratories, 1983–85


  • Award for the Teaching of OR/MS Practice, Institute for Operations Research and Management Sciences (INFORMS), 2001

Working Papers

  • With N. Krishnan, “How Precise are Estimates of the Minimally Important Clinical Difference?” 2014
  • With T. Willemain and J. Layton, “The Performance of Novice Data Analysts on an Open-Ended Problem,” 2013
  • With E. Talbot, K. Allen, J. Bayona, L. Adams, “Cost-Effectiveness Analysis of a New Tuberculosis Diagnostic Algorithm,” 2012

Selected Publications

  • With T. Willemain, “How Novices Formulate Models Part II: A Quantitative Description of Behavior,” Journal of the Operational Research Society, 58, 2007
  • With K. Baker, B. Lawson, and L. Foster-Johnson, "A Comparison of Spreadsheet Users with Different Levels of Experience," Omega 37, 2009
  • With K. Baker and B. Lawson, “A Critical Review of the Literature on Spreadsheet Errors,” Decision Support Systems, 46, 2008
  • With K. Baker and B. Lawson, “An Auditing Protocol for Spreadsheet Models,” Information and Management, 45(5), 2008
  • With K. Baker and B. Lawson, “Errors in Operational Spreadsheets,” Journal of End User and Organizational Computing, 21(3), July-September 2009
  • With K. Baker and B. Lawson, “Impacts of Errors in Operational Spreadsheets,” Decision Support Systems, 47(2), 2009
  • “Pricing Early-Exercise Options using Genetic Optimization,” Journal of Derivatives, Spring 2013
  • With A. Chatterjee, N. Krishnan, M. Van Vliet, J. Rosen, and E. Ridgway, “A Comparison of Free Autologous Breast Reconstruction with and without the use of Laser-assisted Indocyanine Green Angiography: A Cost Effectiveness Analysis,” forthcoming, Plastic and Reconstructive Surgery, May 2013
  • With A. Chatterjee, M.D., N. Krishnan, M. Van Vliet, J. Rosen, and J. Nigriny. “A Comparison of Acellular Dermal Matrix to Autologous Dermal Flaps in Single-Stage, Implant-based Immediate Breast Reconstruction: A Cost Effectiveness Analysis,” Forthcoming, Plastic and Reconstructive Surgery, May 2013
  • With N. Krishnan, A. Chatterjee, K.M. Rosenkranz, J.F. Nigriny, and D.C. Vidal, “The Cost Effectiveness of Acellular Dermal Matrix in Expander-Implant Immediate Breast Reconstruction,” British Journal of Plastic Surgery, forthcoming