Mihai M. Banciu joined Bucknell in 2007, when he started teaching quantitative courses with a managerial twist, such as Business Analytics and Financial Modeling, Global Supply Chain Management, or Quantitative Consumer Behavior. In general, his teaching interests revolve around the idea of embedding critical and systems-thinking in technology-based classes. Prior to coming to Bucknell, Mihai was a lecturer at the University of Pittsburgh, where he received an excellence in teaching award.

Banciu's scholarship interests lie at the intersection of operations research and marketing, in particular the problem of pricing bundles of products under capacity constraints. He is also interested in algorithms design for hard combinatorial problems, such as the design of resilient telecommunication networks.  He has authored and co-authored papers in leading operations journals, such as Management Science, Operations Research and European Journal of Operational Research.

Educational Background

  • Ph.D., University of Pittsburgh
  • M.B.A., James Madison
  • B.S., Romanian-American University

Teaching Interests

  • Spreadsheet modeling
  • Operations and supply chain management
  • Marketing analytics

Scholarly Interests

  • Revenue management and pricing
  • Discrete optimization
  • Applications of operations research models in healthcare


  • Excellence in teaching award, Katz Graduate School of Business, University of Pittsburgh, 2006

Courses Taught at Bucknell

  • Operations and Decision Sciences
  • MGMT 242  Managerial Statistics
  • MGMT 340  Decision Science
  • MGMT 341 Operations Management

Selected Publications

Banciu, M. and P. Mirchandani, "New Results Concerning Probability Distributions with Increasing Generalized Failure Rates," Operations Research, 61(4):925--931, 2013.

Balakrishnan, A., M. Banciu, K. Glowacka, and P. Mirchandani, "Hierarchical Approach for Survivable Network Design," European Journal of Operational Research, 225(2):223--235, 2013.

Banciu, M., E. Gal-Or, and P. Mirchandani, "Bundling Strategies When Products Are Vertically Differentiated and Capacities Are Limited," Management Science, 56(12):2207--2223, 2010.

Tadikamalla, P., M. Banciu, and D. Popescu, "An Improved Range Chart for Long-Tailed Symmetrical Distributions," Naval Research Logistics, 55(1):91--99, 2008.

Banciu, M., "The Dual Simplex Algorithm," in James J. Cochran (Ed.), The Wiley Encyclopedia of Operations Research and Management Science, Wiley Press, 2011.


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