Jay Simon
Kogod School of Business
American University

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Dr Jay Simon

Kogod School of Business
4400 Massachusetts Ave, NW
Washington, DC 20016

KSB 230
202-885-1910
Email: jaysimon (at) american (dot) edu

Jay Simon

Associate Professor of
Information Technology and Analytics
Ph.D., UC Irvine, 2009

Dr. Simon joined the Kogod faculty in 2015. He was previously a faculty member of the Naval Postgraduate School. His research is in decision analysis. His main research focus is multi-attribute preference modeling, particularly involving outcomes that occur over time, space, or groups of people. His current & recent work includes preferences over geographical data, altruistic utility modeling, cybersecurity in supply chains, sports betting markets, and self-sustaining supply chains. He is a member of the Institute for Operations Research and the Management Sciences (INFORMS) and the Decision Analysis Society (DAS) of INFORMS, and is an Associate Editor of the journals Decision Analysis and Military Operations Research.

Selected Publications

  • Simon, J. (2024). Inefficient Forecasts at the Sportsbook: An Analysis of Real-Time Betting Line Movement. Management Science, forthcoming.

  • Hupman, A., & Simon, J. (2023). The Legacy of Peter Fishburn: Foundational Work and Lasting Impact. Decision Analysis, 20(1) 1-15.

  • Simon, J. (2022). Remote Supply Revisited: The Jeep Problem with Costly Transfer Points. Multimodal Transportation 1(2) 100019.

  • Simon, J., Saari, D., & Keller, L. R. (2020). Interdependent Altruistic Preference Models. Decision Analysis 17(3) 189-207.

  • Simon, J., & Omar, A. (2020). Cybersecurity Investments in the Supply Chain: Coordination and a Strategic Attacker. European Journal of Operational Research 282(1) 161-171.

  • Keller, L. R., & Simon, J. (2019). Preference Functions for Spatial Risk Analysis. Risk Analysis 39(1) 244-256.

  • Simon, J., Apte, A., & Regnier, E. (2017). An Application of the Multiple Knapsack Problem: The Self-Sufficient Marine. European Journal of Operational Research 256(3) 868-876.

  • Apte, A., Khawam, J., Regnier, E., & Simon, J. (2016). Complexity and Self-Sustainment in Disaster Response Supply Chains. Decision Sciences 47(6) 998-1015.

  • Simon, J. (2016). On the Existence of Altruistic Value and Utility Functions. Theory and Decision 81(3) 371-391.

  • Huynh, C. H., & Simon, J. (2016). Using Means Objectives to Present Risk Information. Decision Analysis 13(2) 117-127.

  • Simon, J., Kirkwood, C. W., & Keller, L. R. (2014). Decision Analysis with Geographically Varying Outcomes: Preference Models and Illustrative Applications. Operations Research 62(1) 182-194.

  • Simon, J., Regnier, E., & Whitney, L. (2014). A Value-Focused Approach to Energy Transformation in the United States Department of Defense. Decision Analysis 11(2) 117-132.

  • Simon, J., & Melese, F. (2011). A Multiattribute Sealed-Bid Procurement Auction with Multiple Budgets for Government Vendor Selection. Decision Analysis 8(3) 170-179.

  • Guyse, J. L., & Simon, J. (2011). Consistency Among Elicitation Techniques for Intertemporal Choice: A Within-Subjects Investigation of the Anomalies. Decision Analysis 8(3) 233-246.

  • Lipow, J., & Simon, J. (2011). Military Reserves and Social Welfare. Economics Letters 113(3) 208-210.

  • Simon, J. (2009). Decision Making with Prostate Cancer: A Multiple-Objective Model with Uncertainty. Interfaces 39(3) 218-227.
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    Previous Positions

    2015-2018: Assistant Professor of Information Technology and Analytics, Kogod School of Business, American University

    2009-2015: Assistant Professor of Decision Science, Defense Resources Management Institute, Graduate School of Business & Public Policy, Naval Postgraduate School.

    2005-2009: Instructor, Research Assistant, and Teaching Assistant, University of California, Irvine.

    2004-2005: Quantitative Analyst, Prostate Cancer Decision Analyst (PCaDA).

    Education

    Ph.D.: Operations and Decision Technologies. Paul Merage School of Business, University of California, Irvine, 2009.

    M.S.: Management Science and Engineering, Stanford University, 2004.

    B.S.: Mathematical and Computational Science, Stanford University, 2003.

    Peer-Reviewed Publications

    Simon, J. (2024). Inefficient Forecasts at the Sportsbook: An Analysis of Real-Time Betting Line Movement. Management Science, forthcoming.

    Hupman, A., & Simon, J. (2022). The Legacy of Peter Fishburn: Foundational Work and Lasting Impact. Decision Analysis 20(1) 1-15.

    Simon, J. (2022). Remote Supply Revisited: The Jeep Problem with Costly Transfer Points. Multimodal Transportation 1(2) 100019.

    Simon, J., Saari, D., & Keller, L. R. (2020). Interdependent Altruistic Preference Models. Decision Analysis 17(3) 189-207.

    Simon, J. (2020). Weight Approximation for Spatial Outcomes. Sustainability 12(14) 5588.

    Simon, J., & Omar, A. (2020). Cybersecurity Investments in the Supply Chain: Coordination and a Strategic Attacker. European Journal of Operational Research 282(1) 161-171.

    Keller, L. R., & Simon, J. (2019). Preference Functions for Spatial Risk Analysis. Risk Analysis 39(1) 244-256.

    Simon, J, Apte, A., & Regnier, E. (2017). An Application of the Multiple Knapsack Problem: The Self-Sufficient Marine. European Journal of Operational Research 256(3) 868-876.

    Apte, A., Khawam, J., Regnier, E., & Simon, J. (2016). Complexity and Self-Sustainment in Disaster Response Supply Chains. Decision Sciences 47(6) 998-1015.

    Simon, J. (2016). On the Existence of Altruistic Value and Utility Functions. Theory and Decision 81(3) 371-391.

    Huynh, C. H., & Simon, J. (2016). Using Means Objectives to Present Risk Information. Decision Analysis 13(2) 117-127.

    Regnier, E., Simon, J., Nussbaum, D., & Whitney, L. (2015). The Fuel Multiplier in Multi-Stage Supply Chains. Journal of Defense Modeling and Simulation 12(1) 5-17.

    Simon, J., Kirkwood, C. W., & Keller, L. R. (2014). Decision Analysis with Geographically Varying Outcomes: Preference Models and Illustrative Applications. Operations Research 62(1) 182-194.

    Simon, J., Regnier, E., & Whitney, L. (2014). A Value-Focused Approach to Energy Transformation in the United States Department of Defense. Decision Analysis 11(2) 117-132.

    Lipow, J., & Simon, J. (2014). Attitude, Aptitude, and Testing in the Efficient Mobilization of Military Manpower. Defence and Peace Economics 25(2) 113-124.

    Lipow, J., & Simon, J. (2014). Probability Segmenting and the Social Cost of Draft Evasion. Economics Bulletin 34(1) 307-312.

    Simon, J., & Melese, F. (2011). A Multiattribute Sealed-Bid Procurement Auction with Multiple Budgets for Government Vendor Selection. Decision Analysis 8(3) 170-179.

    Guyse, J. L., & Simon, J. (2011). Consistency Among Elicitation Techniques for Intertemporal Choice: A Within-Subjects Investigation of the Anomalies. Decision Analysis 8(3) 233-246.

    Lipow, J., & Simon, J. (2011). Military Reserves and Social Welfare. Economics Letters 113(3) 208-210.

    Wang, Y., Keller, L. R., & Simon, J. (2011). Descriptive Models of Perceived Risk. In J. J. Cochran (Ed.), Wiley Encyclopedia of Operations Research and Management Science. Hoboken, NJ: Wiley.

    Simon, J., Wang, Y., & Keller, L. R. (2010). Paradoxes and Empirical Violations of Normative Decision Theory. In J. J. Cochran (Ed.), Wiley Encyclopedia of Operations Research and Management Science. Hoboken, NJ: Wiley.

    Simon, J. (2009). Decision Making with Prostate Cancer: A Multiple-Objective Model with Uncertainty. Interfaces 39(3) 218-227.

    Keller, L. R., Simon, J., & Wang, Y. (2009). Multiple Objective Decision Making with Multiple Stakeholders. TutORials in Operations Research 139-155.

    Papers Under Review

    Simon, J. (2024). Forecasts from Opening to Closing: An Analysis of Real-Time NFL, NHL, and NBA Betting Lines.

    Research in Progress

    Neubauer, F., Simon, J., & Fiala, N. You Need it Now: The Immediacy Effect When Choosing for Others.

    Acimovic, J., Parker, C., Simon, J., & Thomas, D. J. Estimating Inventory-Based Substitution Effects: Evidence from Digital Beer Boards.

    Kujawski, E., & Simon, J. Eliciting and Modeling Epistemic and Aleatory Uncertainties for Realistic Shared Decision-Making: A Prostate Cancer Treatment Example.

    Cakici, O. E., Karaesman, I., & Simon, J. Selling to the Coupon Collector.

    Omar, A., & Simon, J. Managing Cyber Resilience in a Global Supply Chain: A Case Study on Implementation by Siemens.

    Guyse, J. L., & Simon, J. Impatience for Others: How Altruism Affects Intertemporal Anomalies.

    Regnier, E., & Simon, J. Estimating Multi-Commodity Demands of Self-Sustaining Supply Networks.

    Simon, J., & Wang, Y. Nash Bargaining Problems with Altruistic Individuals.

    Other Publications

    Guyse, J. L., Huynh, C. H., Keller, L. R., & Simon, J. (2022). When Are We Willing to Wait: Prescriptive Challenges in Evaluating Intertemporal Outcomes. In M. Seifert, F. Federspiel, & G. Montibeller (Eds.), Behavioral Decision Analysis. Forthcoming.

    Huynh, C., Keller, L. R., & Simon, J. (2016). Decision Technologies. In G. Keren & G. Wu (Eds.), Wiley-Blackwell Handbook of Judgment and Decision Making.

    Whitney, L., Regnier, E., & Simon, J. (2013). Energy Objectives for the United States Department of Defense. Technical Report. Office of Naval Research. Arlington, VA.

    Regnier, E., Simon, J., Nussbaum, D., Apte, A., & Khawam, J. (2013). Fully-Burdened Cost of Supply in Self-Sustaining Logistics Networks. Proceedings of the Tenth Annual Acquisition Research Symposium Volume II. Monterey, CA. NPS-LM-13-C10P05R01-059.

    Apte, A., Khawam, J., Regnier, E., Simon, J., & Nussbaum, D. (2013). Issues and Challenges in Self-Sustaining Response Supply Chains. Proceedings of the Tenth Annual Acquisition Research Symposium Volume II. Monterey, CA. NPS-LM-13-C10P05R01-064.

    Regnier, E., Simon, J., & Nussbaum, D. (2012). Estimating Logistics Burdens in Support of Acquisition Decisions. Proceedings of the Ninth Annual Acquisition Research Symposium Volume II. Monterey, CA. NPS-AM-12-C9P24R01-091.

    Feng, T., Jones, N. S., Kessel, L., Simon, J., Keller, L. R., & Kirkwood, C. (2007). Survey of Key Stakeholder Evaluation Concerns and Tradeoffs for Central Arizona Water Resource Planning: Methods and Results. Technical Report, Decision Center for a Desert City, Global Institute of Sustainability, Arizona State University, P.O. Box 878209, Tempe, AZ 85287-8209.

    Teaching Experience

    Instructor, Kogod School of Business, American University (2015-present):
    Business Analytics (undergraduate), Business Insights through Analytics (graduate), Applied Managerial Statistics (graduate), Production / Operations Management (undergraduate). Taught courses both on campus and online. Recorded the asynchronous videos for two courses that are used across all sections.

    Lecturer and Discussion Leader, Defense Resource Management Institute, Naval Postgraduate School (2009-2015):
    Lectures given have encompassed a wide range of topics in quantitative analysis, decision maker preferences, uncertainty, risk, logistics, and economics. Coordinated and oversaw Risk Management and Multicriteria Decision Making courses.

    Instructor, Global Public Policy Academic Group, Naval Postgraduate School (2012):
    Introduction to Analytic Methods

    Instructor, University of California, Irvine (2008-2009):
    Business Statistics, Management Science

    Teaching Interests

    Decision analysis, analytics, preference modeling, sports analytics, behavioral decision theory, management science, operations research, statistics

    Curriculum Development

    American University:
    ITEC 620 – Business Insights through Analytics (on-campus): conducted a substantial revision of the course, most notably converting the course to be taught using R. Developed new material for all course topics, and coordinated with other Kogod graduate analytics courses, particularly ITEC-610 and ITEC-621.
    ITEC 620 – Business Insights through Analytics (online): developed the online course, including: creating new material, adapting existing material, recording asynchronous material (~17 hours), and leading development and delivery of synchronous material. Conducted significant revision of the online course in 2019, including re-recording nearly all of the asynchronous material.
    ITEC 320 – Business Analytics: led a substantial revision of the course as part of its conversion from an undergraduate elective to a core course, including: creating new material, adapting existing material, and coordinating cases and activities with other departments. Created asynchronous materials for online delivery.

    KSB 224 – Business Analytics: developed an updated version of a business analytics undergraduate course for the new KSB core.

    Served as a co-chair of the KSB undergraduate core curriculum revision committee. Oversaw and coordinated development of 15 courses.

    Naval Postgraduate School:
    Developed substantial material, including lectures, problems, and cases, for many of DRMI’s team-taught courses. New lectures created and delivered include: Decisions and Human Behavior, Decisions Under Uncertainty, Evaluating Multiple Risks, Predicting Uncertain Events, Quantitative Models for Analysis, Resource Allocation with Multiple Risks, Risk Perception, Scoping Decision Problems, Smart Data Measurement, Uncertainty and Rationality.

    Recent Honors and Awards

    INFORMS Volunteer Service Award, 2022.

    Kogod Research Professorship, 2019-2022

    Finalist, Decision Analysis Special Recognition Award, 2021.

    AU International Travel Award, 2018

    Recent Invited Presentations

    Information Technology and Analytics Department Seminar. Inefficiencies in Sports Betting Markets: An Analysis of MLB Line Movement Data. Washington, DC, 2023.

    UCI Decision Theory Doctoral Seminar. Decision Theory Research Areas. Irvine, CA, 2021.

    Society of Decision Professionals Webinar Series. Modeling Geographic Preferences for Policy Decisions. 2019.

    UCI Decision Theory Doctoral Seminar. Modeling Altruistic Preferences. Irvine, CA, 2019.

    Society for Information Management Regional Meeting. Leveraging GIS Data for Better Decisions. Washington, DC, 2017.

    Decision Sciences Seminar Series. Self-Sustaining Supply Chains. Washington, DC, 2016.

    Recent Conference Presentations

    Simon, J. (2023). Inefficient Forecasts at the Sportsbook: An Analysis of MLB Betting Lines. INFORMS Annual Meeting, Phoenix, AZ.

    Simon, J. (2022). Inefficient Forecasts at the Sportsbook: An Analysis of Real-Time Betting Line Movement. Advances in Decision Analysis, Arlington, VA.

    Simon, J. (2021). Which Map Do We Want: How to Use GIS Data to Improve Policy Decisions. UC GIS Week, virtual.

    Simon, J. (2021). Decision Analysis Applications in Cybersecurity (panelist). INFORMS Annual Meeting, virtual.

    Simon, J. (2021). Simulation Modeling in Cybersecurity (panelist). IISE Annual Meeting, virtual.

    Simon, J., Omar, A. (2020). Cybersecurity in the Supply Chain: Coordination and a Strategic Attacker. INFORMS Annual Meeting, virtual.

    Simon, J. (2019). Modeling Altruistic Preferences. Advances in Decision Analysis, Milan, Italy.

    Simon, J. (2018). Weight Approximation for Massively Multiattribute Decisions. INFORMS Annual Meeting, Phoenix, AZ.

    Simon, J., Keller, L. R. (2018). Preferences in Spatial Decision Making. EURO 2018, Valencia, Spain.

    Simon, J., Keller, L. R. (2017). Preferences in Spatial Decision Making. INFORMS Annual Meeting, Houston, TX.

    Simon, J. (2017). Procurement Auctions with Uncertain Buyer Preferences. INFORMS Computing Society Conference, Austin, TX.

    Simon, J. (2016). Multiattribute Procurement Auctions with Unknown Buyer Preferences. INFORMS Annual Meeting, Nashville, TN.

    Simon, J., Keller, L. R. (2016). Spatial Preference Functions for Risk Analysis. INFORMS Annual Meeting, Nashville, TN.

    Simon, J., Apte, A., & Regnier, E. (2016). The Self-Sufficient Marine: Knapsacks and Tradeoffs. INFORMS International, Waikoloa, HI.

    Simon, J., Apte, A., & Regnier, E. (2016). An Application of the Multiple Knapsack Problem: The Self-Sufficient Marine. Western Decision Sciences Institute Annual Meeting, Las Vegas, NV.

    Recent Service

    Associate Editor, Decision Analysis, 2012-present.

    Associate Editor, Military Operations Research, 2019-present.

    Member, AU Core Council, 2022-present.

    Member, AU Core Committee: Quantitative Reasoning Subcommittee, 2017-present.

    Member, Kogod Educational Policy Committee (EPC), 2022-present.

    Co-Chair, Kogod Undergraduate Core Curriculum Committee Phase III, 2023-present.

    Member, Clemen-Kleinmuntz Decision Analysis Best Paper Award Committee, 2024.

    Co-Chair, Kogod Undergraduate Core Curriculum Committee Phase II, 2023.

    Member, IT&A Department Recruiting Committee, Tenure-Line Faculty Position, 2023.

    Member, Kogod Undergraduate Core Curriculum Committee Phase I, 2022-2023.

    Member, IT&A Department Recruiting Committee, Tenure-Line Faculty Position, 2022.

    Co-Chair, Decision Analysis Society Publication Award Committee, 2022.

    Member, Advances in Decision Analysis 2022 Organizing Committee, 2021-2022.

    Co-Chair, Advances in Decision Analysis 2022 Ph.D. Incubator Sessions, 2022.

    Webmaster & Social Media Officer, Decision Analysis Society, 2012-2021.

    Co-Chair, Decision Analysis Society Publication Award Committee, 2021.

    Member, Advances in Decision Analysis 2019 Organizing Committee, 2018-2019.

    Member, IT&A Department Recruiting Committee, Tenure-Line Analytics Faculty Position, 2018-2019.

    Vice-Chair, Decision Analysis Society Membership Committee, 2017-2018.

    Member, Kogod Undergraduate Curriculum Review Committee, 2016-2018.

    Reviewer:

    • Journals: Management Science; Operations Research; Decision Analysis, Decision Sciences; Risk Analysis; Manufacturing & Service Operations Management; Production and Operations Management; European Journal of Operational Research; Journal of Mathematical Psychology; Journal of the Operational Research Society; Military Operations Research; INFORMS Journal on Applied Analytics; Environment Systems & Decisions; IISE Transactions; Computers & Industrial Engineering; Environment, Development and Sustainability; Operations Research Perspectives; Games; Annals of Operations Research; Utilitas; International Journal of Information Technology & Decision Making
    • Funding organizations:National Science Foundation; American Association for the Advancement of Science
    • Book chapters:Analytical Methods for Risk Management: A Systems Engineering Perspective.

    Session Chair:

    • Information and Decision Making, INFORMS Computing Society Conference, Austin, TX, 2017.
    • Applications of Multiattribute Preferences, INFORMS Annual Meeting, Nashville, TN, 2016.
    • Trade-offs in Prescriptive Applications of Decision Analysis, INFORMS International, Waikoloa, HI, 2016.
    • Operations and Logistics, WDSI Annual Meeting, Las Vegas, NV, 2016.

    Professional Memberships

    Decision Analysis Society
    Public Sector Operations Research
    SpORts
    INFORMS

    Note: some of the files available here may differ from the published versions in both appearance and content. To obtain the published versions, please contact a librarian or see the journal's website.

    Simon, J. (2024). Inefficient Forecasts at the Sportsbook: An Analysis of Real-Time Betting Line Movement. Management Science, forthcoming.

    Hupman, A., & Simon, J. (2023). The Legacy of Peter Fishburn: Foundational Work and Lasting Impact. Decision Analysis 20(1) 1-15.

    Simon, J. (2022). Remote Supply Revisited: The Jeep Problem with Costly Transfer Points. Multimodal Transportation 1(2) 100019.

    Simon, J., Saari, D., & Keller, L. R. (2020). Interdependent Altruistic Preference Models. Decision Analysis 17(3) 189-207.

    Simon, J. (2020). Weight Approximation for Spatial Outcomes. Sustainability 12(14) 5588. (Open access.)

    Simon, J., & Omar, A. (2020). Cybersecurity Investments in the Supply Chain: Coordination and a Strategic Attacker. European Journal of Operational Research 282(1) 161-171.

    Keller, L. R., & Simon, J. (2019). Preference Functions for Spatial Risk Analysis. Risk Analysis 39(1) 244-256.

    Simon, J, Apte, A., & Regnier, E. (2017). An Application of the Multiple Knapsack Problem: The Self-Sufficient Marine. European Journal of Operational Research 256(3) 868-876.

    Apte, A., Khawam, J., Regnier, E., & Simon, J. (2016). Complexity and Self-Sustainment in Disaster Response Supply Chains. Decision Sciences 47(6) 998-1015.

    Simon, J. (2016). On the Existence of Altruistic Value and Utility Functions. Theory and Decision 81(3) 371-391.

    Huynh, C. H., & Simon, J. (2016). Using Means Objectives to Present Risk Information. Decision Analysis 13(2) 117-127.

    Regnier, E., Simon, J., Nussbaum, D., & Whitney, L. (2015). The Fuel Multiplier in Multi-Stage Supply Chains. Journal of Defense Modeling and Simulation 12(1) 5-17.

    Simon, J., Kirkwood, C. W., & Keller, L. R. (2014). Decision Analysis with Geographically Varying Outcomes: Preference Models and Illustrative Applications. Operations Research 62(1) 182-194. The electronic companion to the paper is available here.

    Simon, J., Regnier, E., & Whitney, L. (2014). A Value-Focused Approach to Energy Transformation in the United States Department of Defense. Decision Analysis 11(2) 117-132.

    Lipow, J., & Simon, J. (2014). Attitude, Aptitude, and Testing in the Efficient Mobilization of Military Manpower. Defence and Peace Economics 25(2) 113-124.

    Lipow, J., & Simon, J. (2014). Probability Segmenting and the Social Cost of Draft Evasion. Economics Bulletin 34(1) 307-312.

    Simon, J., & Melese, F. (2011). A Multiattribute Sealed-Bid Procurement Auction with Multiple Budgets for Government Vendor Selection. Decision Analysis 8(3) 170- 179.

    Guyse, J. L., & Simon, J. (2011). Consistency Among Elicitation Techniques for Intertemporal Choice: A Within-Subjects Investigation of the Anomalies. Decision Analysis 8(3) 233-246.

    Lipow, J., & Simon, J. (2011). Military Reserves and Social Welfare. Economics Letters 113(3) 208-210.

    Wang, Y., Keller, L. R., & Simon, J. (2011). Descriptive Models of Perceived Risk. In J. J. Cochran (Ed.), Wiley Encyclopedia of Operations Research and Management Science. Hoboken, NJ: Wiley.

    Simon, J., Wang, Y., & Keller, L. R. (2010). Paradoxes and Empirical Violations of Normative Decision Theory. In J. J. Cochran (Ed.), Wiley Encyclopedia of Operations Research and Management Science. Hoboken, NJ: Wiley.

    Simon, J. (2009). Decision Making with Prostate Cancer: A Multiple-Objective Model with Uncertainty. Interfaces 39(3) 218-227.

    Keller, L. R., Simon, J., & Wang, Y. (2009). Multiple Objective Decision Making with Multiple Stakeholders. TutORials in Operations Research 139-155.

    In addition to work and family, here are a few other things I'm into:

    Baseball (as a Met fan, a fantasy sports player, and an analytics enthusiast)

    Badminton

    Board & card games

    Video games of the 80's & 90's

    Cooking (especially BBQ)

    Stand-up comedy (watching it, not doing it!)

    Epic fantasy books

    Witty irreverent TV shows