Professor Stein W. Wallace

Professor

Research Overview

My main interst is decision-making under uncertainty. I focus on logistics and energy modelling.

Airfreight forwarder’s shipment planning under uncertainty: a two-stage stochastic programming approach
Van Hui, Y., Gao, J., Leung, L., Wallace, S.W. 06/2014 In: Transportation Research Part E: Logistics and Transportation Review. 66, p. 83-102. 20 p.
Journal article

The value of electricity storage in domestic homes: a smart grid perspective
Crespo Del Granado, P., Pang, Z., Wallace, S.W. 06/2014 In: Energy Systems. 5, 2, p. 211-232. 22 p.
Journal article

Stochastic service network design with rerouting
Bai, R., Wallace, S.W., Li, J., Chong, A.Y. 02/2014 In: Transportation Research Part B: Methodological. 60, p. 50-65. 16 p.
Journal article

Planning vessel air emission regulations compliance under uncertainty
Balland, O., Erikstad, S.O., Fagerholt, K., Wallace, S.W. 09/2013 In: Journal of Marine Science and Technology. 18, 3, p. 349-357. 9 p.
Journal article

Integrated facility layout design and flow assignment problem under uncertainty
Zhao, Y., Wallace, S.W. 2013 Lancaster : Department of Management Science, Lancaster University
Working paper

Facility layout design with random demand and capacitated machines
Zhao, Y., Wallace, S.W. 2013
Working paper

Analyzing the quality of the expected value solution in stochastic programming
Maggioni, F., Wallace, S.W. 11/2012 In: Annals of Operations Research. 200, 1
Journal article

Single-commodity network design with random edge capacities
Thapalia, B.K., Crainic, T.G., Kaut, M., Wallace, S.W. 07/2012 In: European Journal of Operational Research. 220, 2, p. 394-403. 10 p.
Journal article

Single source single-commodity stochastic network design
Thapalia, B.K., Wallace, S.W., Kaut, M., Crainic, T.G. 02/2012 In: Computational Management Science. 9, 1, p. 139-160. 12 p.
Journal article

Modeling With Stochastic Programming
King, A.J., Wallace, S.W. 2012 Berlin : Springer. 173 p. ISBN: 0387878165.
Book

Flexibility, information structure, option, and market power in robust supply chains
Wallace, S.W., Choi, T.M. 12/2011 In: International Journal of Production Economics. 134, 2, p. 284-288. 5 p.
Journal article

Modelling consumer directed substitution
Vaagen, H., Wallace, S.W., Kaut, M. 12/2011 In: International Journal of Production Economics. 134, 2, p. 388-397.
Journal article

Progressive hedging-based meta-heuristics for stochastic network design
Crainic, T.G., Fu, X., Gendreau, M., Rei, W., Wallace, S.W. 09/2011 In: Networks. 58, 2, p. 114-124. 11 p.
Journal article

Single-commodity stochastic network design with multiple sources and sinks
Thapalia, B.K., Crainic, T.G., Kaut, M., Wallace, S.W. 08/2011 In: Information Systems and Operational Research. 49, 3, p. 193-211. 19 p.
Journal article

Shape-based scenario generation using copulas
Kaut, M., Wallace, S.W. 04/2011 In: Computational Management Science. 8, 1-2, p. 181-199. 19 p.
Journal article

Challenges in apparel production planning and control
Wallace, S.W., Choi, T. 04/2011 In: Production Planning and Control. 22, 3, 1 p.
Editorial

The value of numerical models in quick response assortment planning
Vaagen, H., Wallace, S.W., Kaut, M. 2011 In: Production Planning and Control. 22, 3, p. 221-236. 16 p.
Journal article

Stochastic programming and the option of doing it differently
Wallace, S.W. 06/2010 In: Annals of Operations Research. 177, 1, p. 3-8. 6 p.
Journal article

Inequality comparisons when the populations differ in size
Aboudi, R., Thon, D., Wallace, S.W. 03/2010 In: Journal of Economic Inequality. 8, 1, p. 47-70. 24 p.
Journal article

Management of logistics planning
Aas, B., Wallace, S.W. 2010 In: International Journal of Information Systems and Supply Chain Management. 3, 3, p. 1-17. 17 p.
Journal article

The value of information in quick response supply chains: an assortment planning view
Vaagen, H., Wallace, S.W. 2010 In: Innovative quick response programs in logistics and supply chain management. Berlin : Springer p. 91-121. 31 p. ISBN: 9783642043123. Electronic ISBN: 9783642043130.
Chapter

The role of supply vessels in offshore logistics
Aas, B., Halskau, Ø., Wallace, S.W. 09/2009 In: Marine Economics and Logistics. 11, 3, p. 302-325. 24 p.
Journal article

A study of demand stochasticity in service network design
Lium, A., Crainic, T.G., Wallace, S.W. 05/2009 In: Transportation Science. 43, 2, p. 144-157. 14 p.
Journal article

Delta-hedging a hydropower plant using stochastic programming
Fleten, S., Wallace, S.W. 2009 In: Optimization in the energy industry. Berlin : Springer p. 507-524. 18 p. ISBN: 9783540889649. Electronic ISBN: 9783540889656.
Chapter

Using inventory to handle risks in the supply of oil to Nepal
Thapalia, B.K., Wallace, S.W., Kaut, M. 2009 In: International Journal of Business Performance and Supply Chain Modelling. 1, 1, p. 41-60. 20 p.
Journal article

Product variety arising from hedging in the fashion supply chains
Vaagen, H., Wallace, S.W. 08/2008 In: International Journal of Production Economics. 114, 2, p. 431-455. 25 p.
Journal article

Correlations in stochastic programming: a case from stochastic service network design
Lium, A., Crainic, T.G., Wallace, S.W. 04/2007 In: Asia-Pacific Journal of Operational Research. 24, 2, p. 161-179. 19 p.
Journal article

Integer programming models of bookmobile routing
Foulds, L., Wallace, S.W., Wilson, J., West, M. 2007 In: Aspects of mathematical modelling. Boston : Birkhauser p. 305-320. 16 p. ISBN: 978-3-7643-8590-3.
Chapter

Stochastic programming models for strategic and tactical asset allocation: a study from Norwegian life insurance
Wallace, S.W., Høyland, K. 2007 In: Handbook of Asset and Liability Management. London, New York and Amsterdam : Elsevier p. 591-625. 35 p. ISBN: 9780444532480.
Chapter

Stability analysis of portfolio management with conditional value-at-risk
Kaut, M., Vladimirou, H., Wallace, S.W., Zenios, S. 2007 In: Quantitative Finance. 7, 4, p. 397-409. 13 p.
Journal article

Evaluation of scenario-generation methods for stochastic programming
Kaut, M., Wallace, S.W. 2007 In: Pacific Journal of Optimization. 3, 2, p. 257-271. 15 p.
Journal article

Stochastic programming: potential hazards when random variables reflect market interaction
Haugen, K.K., Wallace, S.W. 02/2006 In: Annals of Operations Research. 142, 1, p. 121-127. 7 p.
Journal article

Optimization model for a livestock collection problem
Wallace, S.W., Gribkovskaia, I., Gullberg, B.O., Hovden, K.J. 2006 In: International Journal of Physical Distribution and Logistics Management. 36, 2, p. 136-152. 17 p.
Journal article

An electricity market game between consumers, retailers and network operators
Wallace, S.W., Philpott, A., Pettersen, E. 10/2005 In: Decision Support Systems. 40, 3-4, p. 427-438. 12 p.
Journal article

Applications of Stochastic Programming (MPS-SIAM Series in Optimization)
Wallace, S.W., Ziemba, W. 2005 Philadelphia : Society for Industrial Mathematics. ISBN: 9780898715552.
Book

Developing and implementing a stochastic decision-support model within an organizational context: The experience
Hoyland, K., Ranberg, E., Wallace, S.W. 2005 In: The Journal of Risk Finance. 6, 1, p. 40-46. 7 p.
Journal article

Equity in dyads: the notion of more equitable
Wallace, S.W., Thon, D. 05/2004 In: Rationality and Society. 16, 2, p. 191-224. 34 p.
Journal article

Developing and implementing a stochastic decision-support model within an organizational context:part II -The organization
Wallace, S.W., Høyland, K., Ranberg, E. 2004 In: The Journal of Risk Finance. 5, p. 58-63. 6 p.
Journal article

Dalton transfers, inequality and altruism
Thon, D., Wallace, S.W. 2004 In: Social Choice and Welfare. 22, 3, p. 447-465. 19 p.
Journal article

Sensitivity analysis and uncertainty in linear programming
Higle, J., Wallace, S.W. 07/2003 In: Interfaces. 33, 4, p. 53-60. 8 p.
Journal article

A heuristic for moment-matching scenario generation
Høyland, K., Kaut, M., Wallace, S.W. 02/2003 In: Computational Optimization and Applications. 24, 2-3, p. 169-185. 17 p.
Journal article

Stochastic programming models in energy
Wallace, S.W., Fleten, S. 2003 In: Stochastic Programming. London, New York and Amsterdam : Elsevier p. 637-677. 41 p. ISBN: 9780444508546.
Chapter

Developing and implementing a stochastic decision-support model within an organizational context: Part I - The model
Wallace, S.W., Høyland, K., Ranberg, E. 2003 In: The Journal of Risk Finance. 4, p. 55-60. 6 p.
Journal article

The performance of stochastic dynamic and xed mix portfolio models
Fleten, S., Hoyland, K., Wallace, S.W. 1/07/2002 In: European Journal of Operational Research. 140, 1, p. 37-49. 13 p.
Journal article

Hedging electricity portfolios via stochastic programming
Fleten, S., Wallace, S.W., Ziemba, W. 2002 In: Decision making under uncertainty. New York : Springer p. 71-93. 22 p. ISBN: 0387954651.
Chapter

Managing risk in the new power business - a sequel
Wallace, S.W., Higle, J. 2002 In: IEEE Computer Applications in Power. p. 12-19. 8 p.
Journal article

The simplex algorithm for multicommodity networks
Detlefsen, N., Wallace, S.W. 2002 In: Networks. 39, 1, p. 15-28. 14 p.
Journal article

Analyzing legal regulations in the Norwegian life insurance business using a multistage asset liability management model
Hoyland, K., Wallace, S.W. 16/10/2001 In: European Journal of Operational Research. 134, 2, p. 293-308. 16 p.
Journal article

Generating scenario trees for multi-stage decision problems
Hoyland, K., Wallace, S.W. 02/2001 In: Management Science. 47, 2, p. 295-307. 13 p.
Journal article

Improving project cost estimation by taking into account managerial flexibility
Jørgensen, T., Wallace, S.W. 1/12/2000 In: European Journal of Operational Research. 127, 2, p. 239-251. 13 p.
Journal article

Preprocessing in stochastic programming
Wallace, S.W. 2001 In: Encyclopedia of Optimization. Berlin : Springer p. 2030-2033. 4 p.
Chapter

Stochastic programs with recourse: upper bounds
Wallace, S.W., Edirisinghe, C. 2001 In: Encyclopedia of optimization. Berlin : Springer p. 2520-2524. 5 p.
Chapter

Scenarios for multistage stochastic programs
Dupacova, J., Consigli, G., Wallace, S.W. 12/2000 In: Annals of Operations Research. 100, 1-4, p. 25-53. 29 p.
Journal article

Resolution d'un probleme d'ordonnancement dynamique dans un contexte de "livraison synchone": cas troisproduits
Wallace, S.W., Benyoucef, L., Frein, Y., Penz, B. 2000 In: Journal Europeen des Systemes Automatises. 34, p. 1253-1276. 24 p.
Journal article

Decision making under uncertainty: is sensitivity analysis of any use?
Wallace, S.W. 2000 In: Operations Research. 48, 1, p. 20-25. 6 p.
Journal article

Operasjonsanalyse
Wallace, S.W., Jornsten, K., Storøy, S. 1999 Oslo : Cappelen Akademisk Forleg.
Book

Option theory and modeling under uncertainty
Christiansen, D., Wallace, S.W. 08/1998 In: Annals of Operations Research. 82, 1, p. 59-82. 24 p.
Journal article

Modelling aspects of distributed processing in telecommunications networks
Tomasgard, A., Audestad, J.A., Dye, S., Stougie, L., van der Vlerk, M., Wallace, S.W. 08/1998 In: Annals of Operations Research. 82, 1, p. 161-184. 24 p.
Journal article

Feasibility in transportation networks with supply eating arcs
Dye, S., Tomasgard, A., Wallace, S.W. 05/1998 In: Networks. 31, 3, p. 165-176. 12 p.
Journal article

Work patterns in project scheduling
Wallace, S.W., Hallefjord, Å. 1998 In: Annals of Operations Research. 82, p. 1-8. 8 p.
Journal article

Feasibility in uncapacitated networks: the effect of individual arcs and nodes
Ghannadan, S., Wallace, S.W. 12/1996 In: Annals of Operations Research. 64, 1, p. 197-210. 14 p.
Journal article

Solving linear programs with multiple right-hand sides: pricing and ordering schemes
Wallace, S.W., Gassmann, H.I. 1996 In: Annals of Operations Research. 64, p. 237-259. 23 p.
Journal article

Preprocessing in stochastic programming: the case of capacitated networks
Wallace, S.W., Wets, R.J. 1995 In: ORSA Journal on Computing. 7, p. 44-62. 19 p.
Journal article

The Nordic fisheries management model
Wallace, S.W., Olafsson, S. 1994 Copenhagen : The Nordic Council of Ministers. ISBN: 9789291204038.
Book

Stochastic programming
Kall, P., Wallace, S.W. 1994 Chichester : John Wiley and Sons Ltd. 307 p. ISBN: 9780471951087.
Book

Overcoming the (apparent) problem of inconsistency in O-D matrix estimations
Jornsten, K., Wallace, S.W. 11/1993 In: Transportation Science. 27, 4, p. 374-380. 7 p.
Journal article

The facets of the polyhedral set determined by the Gale-Hoffman inequalities
Wallace, S.W., Wets, R.J. 02/1993 In: Mathematical Programming. 62, 1-3, p. 215-222. 8 p.
Journal article

Bounding multistage stochastic linear programs from above
Wallace, S.W., Yan, T. 1993 In: Mathematical Programming. 61, p. 111-130. 20 p.
Journal article

Preprocessing in stochastic programming: the case of linear programs
Wallace, S.W., Wets, R.J. 1992 In: ORSA Journal on Computing. 4, p. 45-59. 15 p.
Journal article

Approximate scenario solutions in the progressive hedging algorithm
Wallace, S.W., Helgason, T. 12/1991 In: Annals of Operations Research. 31, 1, p. 425-444. 20 p.
Journal article

Structural properties of the progressive hedging algorithm
Wallace, S.W., Helgason, T. 1991 In: Annals of Operations Research. 31, p. 445-456. 12 p.
Journal article