AT&T Professor Mario Beruvides from the Whitacre College of Engineering’s Industrial, Manufacturing & Systems Engineering Department at Texas Tech University will present at the IMSE seminar on Wednesday, April 24, 2019 at 1:15pm in Nedderman Hall, Room 106.
Title: Systems Dy
namics and its Role in Industrial & Engineering Management Research: A look at Minsky’s Financial Instability Hypothesis & Technology Diffusion Curves
Author: Mario Beruvides
Location: Nedderman Hall Room 106
Date: Wednesday, April 24, 2019
Time: 1:15pm
Abstract: The role of the industrial engineer has always been deeply entrenched in the analysis of industrial and social technical systems. Systems theory and its off-shoot, systems dynamics, is a critical development encompassing a revolutionary theory of how we look at complex systems as well as how to model, analyze and ultimately practice industrial engineering knowledge. In this talk, comprised of two parts – a look at Minsky’s Instability Hypothesis and Technology Diffusion curves, the speaker will provide some insights into the changing role of industrial engineering when addressing complex technical system. With respect to the analysis of the Minsky Instability Hypothesis, the research analyzed eleven financial debt ratios related to the level of debt associated to the U.S. households, nonfinancial and financial businesses. The validation process utilized nonparametric statistical analysis of Page and binomial tests to provide statistical evidences that supported the validity of FIH. This confirmatory research found evidence to suggest FIH concepts were indeed applicable to the 1945-1980s era and remains relevant to the 1990-2017 periods. In analyzing technology diffusion curves, the research looks at the potential of classifying and developing an economic procedure to optimize entrance and exit strategies for organizations with respect to their technology portfolios.
Bio: Mario Beruvides, Ph.D., P.E., is an AT&T Professor at Texas Tech University in the Whitacre College of Engineering’s Industrial, Manufacturing & Systems Engineering Department. His current research interests include: Management of Technology, Engineering Management, Knowledge work Performance, Measurement, Production and Quality Systems Engineering, and Advanced Economic Analysis. Dr. Beruvides has a Ph.D. in Industrial Engineering from the Virginia Polytechnic Institute and State University, a M.S. in Industrial Engineering from the University of Miami, and a B.S. in Mechanical Engineering from the University of Miami.