Presentation by Professor Kostas Nikolopoulos
Professor in Business Information Systems & Analytics, Durham University
Monday 28/3
ΟΕΔ-01 Room 025-MBA 13:00-14:20 pm
“We need to talk about Kevin…” Challenges and gains in using hierarchical forecasting
Abstract:
Professor Kostas Nikolopoulos will present a brief history of forecasting and predictive analytics and through a series of cases from his research with industry will demonstrate the challenges and gains in using hierarchical – especially temporal – forecasting in practice. There will be a lot of focus on the things that remain under-researched and rarely discussed in the theory and practice of forecasting such as:
- Risk
- Black and grey swans
- Intermittence
- A holistic framework to bring all these together from a risk perspective.
The first case study is looking into spatiotemporal hierarchies to support preparation and response to major earthquakes. This case study focuses on mitigating risks from rare events, the so-called Black Swans. The second one at an insurance application, while the third and fourth come from highly regulated industries in healthcare and food processing.
Profile:
Dr Konstantinos (Kostas) Nikolopoulos is the Professor in Business Information Systems and Analytics in Durham University Business School and Co-Director of the Global DBA: Durham-emlyon (GDBA). Dr Nikolopoulos studied Electrical and Computer Engineering at the National Technical University of Athens (ΕΜΠ) in his native Greece (DEng 2002, BEng 1997). He further completed the International Teachers Programme (ITP) at Kellogg School of Management at Northwestern University (2011). His research interests are Forecasting, Analytics and Information Systems. Dr Nikolopoulos was Professor of Business Analytics/Decision Sciences at Bangor University (2010-2020), and the College Director of Research for the College of Business, Law, Education, and Social Sciences (2011-2018). Before that he was Lecturer and Senior Lecturer in Decision Sciences at the University of Manchester, and Senior Research Associate at Lancaster University (2004-05) and the National Technical University of Athens (1996-2004). Professor Nikolopoulos is the Department Editor for Supply Chains of Oxford IMA Journal of Management Mathematics Professor Nikolopoulos and is currently Co-Investigator in two major research grants for a) the GCRF; South Asia Self Harm research capability building initiative (SASHI) project funded by the Medical Research Council in UK (2017-2021), http://sashi.bangor.ac.uk/., and b) the H2020-FETPROACT; Radioactivity Monitoring in Ocean Ecosystems (RAMONES) funded by the EU (2021-2025).