J. Michael Harrison
Adams Distinguished
Professor of Management

STANFORD GRADUATE SCHOOL OF BUSINESS —Professor J. Michael Harrison has been elected to the National Academy of Engineering, the first member of the Business School faculty named to the prestigious organization. His election was announced February 8.

Harrison was cited for his contributions to knowledge about stochastic networks and financial engineering. The Adams Distinguished Professor of Management, Harrison’s recent work is focused on call center management, dynamic pricing, and revenue management.

He is coauthor of two influential papers in mathematical finance and developed the mathematical foundations of option theory. With colleague David Kreps, the Business School Theodore J. Kreps Professor of Economics, Harrison introduced the notion of equivalent martingale measures, which have since become a standard tool in theoretical analysis.

Harrison’s newest initiatives are in the area of dynamic pricing and revenue management (also called yield management). He introduced an MBA elective on that subject in 2003 and has launched a research project focused on design and pricing of subscription-based services like web hosting and outsourced logistics.

Membership in the National Academy of Engineering honors those who have made outstanding contributions to “engineering research, practice, or education, including . . . significant contributions to the engineering literature and to the pioneering of new and developing fields of technology, making major advancements in traditional fields of engineering, or developing and/or implementing innovative approaches to engineering education.”

There are currently 2,227 U.S. members of the academy and 194 members from outside the United States.