Prof. Lijian LU

Prof. Lijian LU

Assistant Professor, Operations Management

Academic qualification

  • PhD Columbia Business School, Decision, Risk, and Operations
  • M.Sc. National University of Singapore, Management Science
  • B.Sc. Nanjing University, Mathematics

Academic and Professional Experience

  • Assistant Professor of ISOM, Hong Kong University of Science and Technology, 2020-Present
  • Chief Investment Officer & Founding Partner, UniQuant Capital, Shanghai, 2018 – 2020
  • Executive Director, China Innovation Fund, 2017 – 2018
  • Vice President, Goldman Sachs, New York, 2015 - 2017
  • Quantitative Strategist, The Knight Capital Group, New York, 2015 – 2015
  • Research Consultant, Kaiser Permanente, Oakland, 2014 - 2014
  • Research Scientist,, Seattle, 2014 – 2014
  • Data Scientist, AppNexus, New York, 2013 - 2013



  • Liu, Z., Lu, L., Federgruen, A. “Synthesis and Generalization of Structural Results in Inventory Management: A Generalized Convexity Property”, Mathematics of Operations Research. 2020(45), 547-575.
  • Chan, C., Green, L., Lekwijit, S., Lu, L., Escobar, G. “Assessing the Impact of Service Level When Customer Needs Are Uncertain: An Empirical Investigation of Hospital Step-Down Units", Management Science, 2019(65), 459-954.
  • Gur, G., Lu, L., Weintraub, G. “Framework Agreements in Procurement: An Auction Model and Design Recommendations" Manufacturing & Service Operations Management, 2017(19), 509-712.
  • Lu, L., Yan, X. “Capacity Investment Decisions under Risk Aversion", Naval Research Logistics, 2016(63), 218-235.
  • Lu, L., Song, J., Zhang, H. “Optimal and Asymptotically Optimal Policies for Assemble-to-Order N- and W- Systems", Naval Research Logistics, 2016(62), 617-645.
  • Lu, L., Wu, Y. “Preferences for Contractual Forms in Supply Chains", European Journal of Operational Research, 2015(241), 74-84.


  • Reviewers for Management Science, Operations Research, Manufacturing & Service Operations Management, Mathematics of Operations Research, Naval Research Logistics, European Journal of Operational Research
  • Members for INFORMS, MSOM, POMS


  • "Price Competition Based on Relative Prices", with Awi Federgruen, R&R at Operations Research.
  • "Dual Sourcing under Capacity Limits, Fixed Costs and Salvage Opportunities", with Zhe Liu and Awi Federgruen, R&R at Manufacturing & Service Operations Management.
  • "Medicare Reform: Estimation of Impacts of Premium Support Systems" with Awi Federgruen, R&R at The RAND Journal of Economics.


My primary research interests are in the area of data-driven decision-making in operations management and service systems. I am particularly interested in:

  • Methodology: Stochastic models, optimization, auction theory, econometrics.
  • Application: Supply chain management, pricing and revenue management, healthcare, Finance-operations interface, online digital economics, empirical and structural estimation.


  • Early Career Scheme (ECS) Research Grant (PI), Hong Kong Research Grants Council, 2021-2024
  • Faculty Initiation Grant, HKUST, 2020 - 2023
  • The W. Edwards Deming Doctoral Research Grants
  • Jerome A. Chazen Doctoral Research Grants
  • Doctoral Fellowship at Columbia Business School.
  • NUS Research Fellowship.
  • Samsung Fellowship.
  • First Price of National Physics Competition.