Nicholas C. Petruzzi

Professor of Supply Chain Management, Robert G. and Caroline Schwartz Professor of Business, Department Chair
Department: Supply Chain and Information Systems
Office: 454B Business Building
Phone: 814-865-1866
Member of Faculty Since: 2015


Professor Petruzzi’s research explores the economic implications of uncertainty within the primary focus areas of operations and supply chain management, pricing, and stochastic inventory theory.  His work appears in various academic field journals including Operations Research, Management Science, Manufacturing & Service Operations Management, Production and Operations Management, Naval Research Logistics, IIE Transactions, Decision Sciences, European Journal of Operations Research, and International Journal of Production Economics.

Prior to joining Penn State in 2015, he spent nineteen years as a faculty member in the Department of Business Administration at the University of Illinois at Urbana-Champaign, where he also served as Academic Director for MBA Programs from 2006 to 2014.  He has developed and taught courses primarily at the MBA level in operations analysis, project management, manufacturing planning and control, and the design and management of service systems.  Currently, he is serving as Associate Editor for Management Science and for Decision Sciences, and he is a member of the Editorial Board for Production and Operations Management.  Previously, he served as Associate Editor for Manufacturing & Service Operations Management. 


Operations Management, Pricing Models, Stochastic Inventory Theory

Publication List

Petruzzi, N. C., Dada, M., "Pricing and the newsvendor problem: A review with extensions", Operations Research, 47, 183-194.

Dana Jr., J. D., Petruzzi, N. C., "Information and inventory recourse for a two-market, price-setting retailer", Management Science, 47, 1488-1497.

Petruzzi, N. C., Dada, M., "Information and inventory recourse for a two-market, price-setting retailer", Manufacturing & Service Operations Management, 3, 242-263.

Petruzzi, N. C., Dada, M., "Dynamic pricing and inventory control with learning", Naval Research Logistics, 49, 303-325.

Petruzzi, N. C., Monahan, G. E., "Managing fashion goods inventories: dynamic recourse for retailers with outlet stores", IIE Transactions, 35, 1033-1047.

Monahan, G. E., Petruzzi, N. C., Zhao, W., "The dynamic pricing problem from a newsvendor’s perspective", Manufacturing & Service Operations Management, 6, 73-91.

Yalabik, B., Petruzzi, N. C., Chhajed, D., "An integrated product returns model with logistics and marketing coordination", European Journal of Operational Research, 161, 162-182.

Liu, B., Petruzzi, N. C., Sudharshan, D., "A service effort allocation model for assessing customer lifetime value in service marketing", Journal of Services Marketing, 21, 24-35.

Wu, C., Petruzzi, N. C., Chhajed, D., "Vertical integration with price-setting competitive newsvendors", Decision Sciences, 38, 581-610.

Dada, M., Petruzzi, N. C., Schwarz, L. B., "A newsvendor’s procurement problem when suppliers are unreliable", Manufacturing & Service Operations Management, 9, 9-32.

Petruzzi, N. C., Wee, K. E., Dada, M., "The newsvendor model with consumer search costs", Production and Operations Management, 18, 693-704.

Petruzzi, N. C., Dada, M., "Newsvendor models", In Cochran, J. J., Cox, L. A. Jr., Keskinocak, P., Kharoufeh, J. P., and Smith, J. C. (Eds.), Wiley Encyclopedia of Operations Research and Management Science, John Wiley & Sons, Inc., Hoboken, NJ, 18, 3528-3537.

Shi, H., Liu, Y., Petruzzi, N. C., "Consumer heterogeneity, product quality, and distribution channels", Management Science, 59, 1162-1176.

Yalabik, B., Chhajed, D., Petruzzi, N. C., "Product and sales contract design in remanufacturing", International Journal of Production Economics, 154, 299-312.

Gu, W., Chhajed, D., Petruzzi, N. C., Yalabik, B., "Quality design and environmental implications of green consumerism in remanufacturing", International Journal of Production Economics, 162, 55-69.

Murali, K., Lim, M. K., Petruzzi, N. C., "Municipal groundwater management: Optimal allocation and control of a renewable natural resource", Production and Operations Management, 24, 1453-1472.

Shi, T., Gu, W., Chhajed, D., Petruzzi, N. C., "Effects of remanufacturable product design on market segmentation and the environment", Decision Sciences, 47, 298-332.

Li, M., Petruzzi, N. C., "Technical note – Demand uncertainty reduction in decentralized supply chains", Production and Operations Management, 26, 156-161.

Li, M., Petruzzi, N. C., Zhang, J., "Overconfident competing newsvendors", Management Science, 63, 2637-2646.

Liu, Y., Shi, H., Petruzzi, N. C., "Optimal quality and quantity provisions for centralized vs. decentralized distribution: Market size uncertainty effects", European Journal of Operational Research, 265, 1144-1158.


Department Editor, Decision Sciences, 2017-present

Associate Editor, Management Science, 2009-present

Associate Editor, Manufacturing & Service Operations Management, 2007-2014

Associate Editor, Decision Sciences, 2007-2017


PhD, Operations Management, Purdue University, 1995

MS, Systems Analysis and Management, George Washington University, 1991

BS, Physics, College of William and Mary, 1989