Yiwen SHEN | HKUST Department of ISOM

Assistant Professor

Yiwen SHEN

Operations Management

Assistant Professor

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Healthcare operations management, platform operation, finance-operation interface, revenue management
Financial markets, asset pricing, financial engineering, information economics

Assistant Professor of ISOM, Hong Kong University of Science and Technology, Hong Kong, 2021-Present
Off-cycle Intern Analyst, Capital Fund Management, New York, 2021
Summer Intern Analyst, Cubist Systematic Strategies, New York, 2018
Off-cycle Intern Analyst at Algo Trading Group, Bank of America, New York, 2017
Desk Strat at Sales Strat Group, Morgan Stanley, New York, 2015 – 2016

Business Journals

Jiang, Y., Shen, Y. "The Effect of Prime Brokers' Balance Sheet Constraints on Hedge Fund Performance: Evidence from the GSIB Surcharge", Accepted at Journal of Financial Economics.
Mamaysky, H., Shen, Y., Wu, H. "Credit Information in Earnings Calls", Accepted at Journal of Banking and Finance.
Guo, M., Shen, Y., Zhang, W., Zhang, Q. "Bid Shading in First-price Auction: Non-stationary Bayesian Multi-armed Bandit Methods for Real-time Bidding", Information Systems Research, Forthcoming.
Shen, Y., Chan, C., Zheng, F., Argenziano, M., Kurlansky, P. "The Impact of Surgeon Daily Workload and its Implications for Operating Room Scheduling", Production and Operations Management, 2026, 35(5), 2054-2072.
Shen, Y., Li, C., Scaillet, O., Jiang, Y. "Dynamic Portfolio Allocation under Market Incompleteness and Wealth Effects", Operations Research, 2026, 74(1), 93-117.
Shen, Y., Shi, M. "Intraday Variation in Cross-sectional Stock Comovement and Impact of Index-based Strategies", Journal of Financial Markets, 2024, 68, 100894.
Glasserman, P., Mamaysky, H., Shen, Y. "Dynamic Information Regimes in Financial Markets", Management Science, 2024, 70(9), 6069-6092.
Wang, T., Shen, Y., Jiang, Y., Huang, Zhuo. "Pricing the CBOE VIX Futures with Heston-Nandi GARCH Model", Journal of Futures Markets, 2017, 37(7), 641-659.

Medical Journals

Yang, Q., Shen, Y., Mao, Y., Li, S. "Evidence Contributions in Component Network Meta-Analysis from the Shortest-Path Approach", BMC Medical Research Methodology, Forthcoming.
Mao, Y., Shen, Y., Yang, Q., Shi, Q., Li, S. "A Leave-one-out Algorithm for Contribution Analysis in Component Network Meta-analysis", BMC Medical Research Methodology, 2025, 25(1), 191.
Zou, X., He, X., Shi, Q., Wang, S., Li, N., Zhou, Y., Hu, M., Luo, L., Shen, Y., Zhu, Y., Lang, C. C., Zhu, Z., Tian, H., & Li, S. "Time-varying Cost-effectiveness Analysis of Sodium-glucose Cotransporter-2 Inhibitors in Chinese Patients with Heart Failure and Reduced Ejection Fraction: A Microsimulation of the Real-world Population", Frontiers in Pharmacology, 2025, 16, 1527972.

Liu, Z., Shen, Y., Sun, Y. "Operating Three-Sided Marketplace: Pricing and Spatial Staffing in Food Delivery Systems", Minor Revision at Management Science.
Shen, Y., Chan, C., Zheng, F., Escobar, G. "Structural Estimation of Intertemporal Externalities with Application in ICU Admissions", Conditionally Accept at Manufacturing & Service Operations Management.
Chen, X., Shen, Y., Wang, L. "More is Different: Intrinsic and Financial Hedging in Multilocation Newsvendor Systems", Major Revision at Operations Research.
Zhang, Q., Shen, Y., “A Cost-Tilting Mechanism Design for General Risk-Averse Agents”
Jiang, Y., Shen, Y., Zhang, Q., “Negative Cross-Impact from Index Investing”

PI, “Revenue Management with Rechargeable Resource: An Application to E-bike Sharing Platform”, General Research Fund, Hong Kong Research Grants Council, 2027 - 2029.
PI, “Dynamic Soft Clustering with Market and Textual Data”, HKUST Center for Securities Analysis with Financial Technology, 2026 - 2028
Co-I, “Enhancing Hong Kong's Role in Sustainable Supply Chain Finance via Technology Transformation”, Theme-based Research Scheme, Hong Kong Research Grants Council, 2025 - 2029.
PI, “Whole-process Management for Cancer Screening, Treatment, and Recovery: A Population Dynamics Approach”, General Research Fund, Hong Kong Research Grants Council, 2025 - 2027.
Co-I, “Dynamic Monitoring and Policy Intervention for Healthcare Services of Chronic Disease Comorbidities Supported by Digital Technology”, National Natural Science Foundation of China, 2024 - 2027.
PI, “Managing Patient Flow with Adaptive Behaviours from Multiple Units”, Early Career Scheme, Hong Kong Research Grants Council, 2024 - 2026.

Reviewers for Management Science, Manufacturing & Service Operations Management, Production and Operations Management, Naval Research Logistics, Operations Research Letters
Faculty Advisor for WBBA Capstone Project (WBBA 4010), HKUST, 2026; Collaboration with a nut processing factory in Senegal
Faculty Advisor for MSGO Project Study (ISOM 6880), HKUST, 2025, 2026; Collaboration with ENT Dept. at TKO Hospital
Faculty Advisor for MSGO Project Study (ISOM 6880), HKUST, 2023; Collaboration with SBM, HKUST
Faculty Advisor for UG Corporate Project (SBMT 3200), HKUST, 2022, 2023; Collaboration with GlaxoSmithKline, Hong Kong

Winner, Franklin Prize for Teaching Excellence (Undergraduate), HKUST Business School, 2024
Dean's Recognition of Teaching Excellence, HKUST Business School, 2022, 2023, 2024, 2025
First Place, INFORMS Service Science Best Cluster Paper Award, 2024
Second Place, CSAMSE Best Paper Award, 2024
Second Place, INFORMS Health Application Society Student Paper Competition, 2021
Finalist, INFORMS Service Science Best Cluster Paper Award, 2021
The W. Edwards Deming Doctoral Research Grants
Jerome A. Chazen Doctoral Research Grants
Silver Medallist of National Physics Competition