Research Excellence of Department of Systems Engineering and Engineering Management, CUHK, has been highlighted by winning both 2005 NSFC/RGC grants in the area of Management Science.
The National Natural Science Foundation of China (NSFC) and the Research Grants Council (RGC), Hong Kong, have recently announced the results of the NSFC/RGC Joint Research Scheme 2005/06. There were, in total, 248 applications this year submitted to compete for funding support in the six priority areas: Information Technology; Life Science; New Materials Science; Marine and Environmental Science; Chinese Medicine; and Management Science. Among them, only 15 research projects have been awarded funding support, with a successful rate below 6%. Both of the two awards in the area of Management Science have been granted to the projects proposed from the Department of Systems Engineering and Engineering Management, CUHK: Project: “Pricing, Production and Delivery Decisions, and Cooperative Strategies
in a Supply Chain with Products of Time-Varying Values”
PI (HK Side): Prof. Xiaoqiang Cai (SEEM of CUHK)
PI (Mainland Side): Prof. Jian Chen (Tsinghua University, Beijing)
CI (HK Side): Prof. Gang Yu (SEEM of CUHK/University of Texas)
Awarded amount: HK$687,200.
Project: “Study of Optimal Portfolio Selection Policies”
PI (HK Side): Prof. Duan Li (SEEM of CUHK)
PI (Mainland Side): Prof. Zhongfei Li (Zhongshan University, Guangzhou)
C0-PI (HK Side) Prof. Xunyu Zhou (SEEM of CUHK)
Awarded amount: HK$489,700.
Both projects are in the key research directions of the SEEM department. Prof. Cai’s project is on Supply Chain Management while Prof. Li’s project is on Financial Engineering. The success of the department in this highly competitive research funding scheme signifies its status of research excellence in this region.