Ralph E. Steuer
Department of Finance

Sanford Family Distinguished Chair in Business

Office
B334 Amos Hall
620 South Lumpkin Street
Athens, GA, 30602
Phone Numbers
Work706-542-3782
Email Address
Documents
Vita
Sites
Ralph E. Steuer's Personal Website

Biography

Ralph E. Steuer is the Sanford Family Distinguished Chair of Business in the Department of Finance of the Terry College of Business at the University of Georgia. He received an Sc.B. (electrical engineering) from Brown University, an MBA (accounting & finance) from Cornell University, and a Ph.D. in Business Administration (quantitative methods) from the University of North Carolina.  Dr. Steuer is the author of Multiple Criteria Optimization: Theory, Computation and Application, the ADBASE multiple objective linear programming package, and over 100 research articles. Dr. Steuer's research interests are in multiple-attribute portfolio theory, efficient sets and surfaces, multiple objective programming, and multiple criteria decision making.

A recipient of the Lamar Dodd Award for Creative Research in the Sciences from the University of Georgia and a Distinguished Alumnus Award from the University of North Carolina, Dr. Steuer was a co-founder and has served as President of the International Society on Multiple Criteria Decision Making, a society that now has over 2,300 members from almost 100 countries.  In addition, having lectured in 50 countries, Dr. Steuer has been an advisor to universities in emerging countries on the establishment of curricula in management and has been Honorary Dean of the School of Industrial Management at the Ho Chi Minh City University of Technology in Vietnam since 1991.

Prior to joining the University of Georgia, Dr. Steuer was a Visiting Associate Professor at Princeton University (one year) and on the faculty of the University of Kentucky (eight years).

Education

PhD, Quantitative Methods in Business, University of North Carolina, 1973

MBA, Accounting & Finance, Cornell University, 1966

BS, ScB, Electrical Engineering & Economics, Brown University, 1963

Prior Professional Positions

University of Kentucky, Assistant and Associate Professor, 1972 to 1981

Princeton University, Visiting Associate Professor, 1978 to 1979

Awards

Distinguished Research Award, University of Georgia, Terry College of Business, 2016

Gold Medal Award, International Society on Multiple Criteria Decision Making, 1997

Distinguished Alumnus Award, Kenan-Flagler Graduate School of Business, UNC, 1994

Selected Publications

Journal Articles

  • Piercy, C. A. and R. E. Steuer. 2019. Reducing Wall-Clock Time for the Computation of All Efficient Extreme Points in Multiple  Objective Linear ProgrammingEuropean Journal of Operational Research, forthcoming.
  • Qi. Y and R. E. Steuer. 2019. An Analytical Derivation of the Efficient Surface in Quad-and-Higher Criterion Portfolio Selection, Annals of Operations Research, doi.org/10.1007/s10479-018-3101-y.
  • Aouni, B., M. Doumpos, B. Peréz-Gladish, R. E. Steuer. 2018. On the Increasing Importance of Multiple Criteria Decision Aid Methods for Portfolio Selection, Journal of the Operational Research Society, 69(10):1525-1542.
  • Qi, Y., R. E. Steuer and M. Wimmer. 2017An Analytical Derivation of the Efficient Surface in Portfolio Selection with Three Criteria. Annals of Operations Research25(1):161-177
  • Kao, C. and R. E. Steuer. 2016Value of Information in Portfolio Selection, with a Taiwan Stock Market Application Illustration. European Journal of Operational Research253(2):418-427
  • Steuer, R. E., M. Hirschberger and K. Deb. 2016Extracting from the Relaxed for Large-Scale Semi-Continuous Variable Nondominated FrontiersJournal of Global Optimization64:33-48
  • Utz, S., M. Wimmer and R. E. Steuer. 2015Tri-Criterion Modeling for Constructing More-Sustainable Mutual FundsEuropean Journal of Operational Research236(1):331-338
  • Utz, S., M. Wimmer, M. Hirschberger and R. E. Steuer. 2014Tri-Criterion Inverse Portfolio Optimization with Application to Socially Responsible Mutual Funds. European Journal of Operational Research234(2):491-498
  • Hirschberger, M., R. E. Steuer, S. Utz, M. Wimmer and Y. Qi. 2013. Computing the Nondominated Surface in Tri-Criterion Portfolio SelectionOperations Research61(1):169-183
  • Qi, Y., F. Wu, X. Peng and R. E. Steuer. 2013Chinese Corporate Social Responsibility by Multiple Objective Portfolio Selection and Genetic AlgorithmsJournal of Multi-Criteria Decision Analysis20(3-4):127-139
  • Steuer, R. E., Y. Qi and M. Hirschberger. 2011Comparative Issues in Large-Scale Mean-Variance Efficient Frontier Computation. Decision Support Systems51(2):250-255
  • Yang, J. B., B. Y. H. Wong, D. X. Xu, X. B. Liu and R. E. Steuer. 2010. Integrated Bank Performance Assessment and Management Planning Using Hybrid Minimax Reference Point--DEA Approach. European Journal of Operational Research207(3):1506-1518
  • Hirschberger, M., Y. Qi and R. E. Steuer. 2010Large-Scale MV Efficient Frontier Computation via a Procedure of Parametric Quadratic ProgrammingEuropean Journal of Operational Research, 204(3):581-588
  • Luque, M., F. Ruiz and R. E. Steuer. 2010Modified Interactive Chebycheff Algorithm for Convex Multiobjective Programming. European Journal of Operational Research204(3):557-564
  • Qi, Y., M. Hirschberger and R. E. Steuer. 2009Dotted Representations of Mean-Variance Efficient Frontiers and their Computation. INFOR47(1):15-21
  • Wallenius, J., J. S. Dyer, P. C. Fishburn, R. E. Steuer, S. Zionts and K. Deb. 2008Multiple Criteria Decision Making, Multiattribute Utility Analysis: Recent Accomplishments and What Lies Ahead. Management Science54(7):1336-1349
  • Hirschberger, M., Y. Qi and R. E. Steuer. 2007Randomly Generating Portfolio-Selection Covariance Matrices with Specified Distributional Characteristics. European Journal of Operational Research, 177(3):1610-1625
  • Steuer, R. E., Y. Qi and M. Hirschberger. 2007Suitable-Portfolio Investors, Nondominated Frontier Sensitivity, and the Effect on Standard Portfolio SelectionAnnals of Operations Research, 152(1):297-317.

Books

  • R. E. Steuer. 1986Multiple Criteria Optimization: Theory, Computation and Application, John Wiley & Sons, New York: 546 pp
  • R. E. Steuer. 1992Multiple Criteria Optimization: Theory, Computation and Application, Russian EditionRadio E Svyaz, Moscow: 504 pp
  • Caballero, R., F. Ruiz and R. E. Steuer (eds.). 1997Advances in Multiple Objective and Goal Programming, Springer-Verlag, Berlin: 391 pp
  • Haimes, Y. Y. and R. E. Steuer (eds.). 2000Research and Practice in Multiple Criteria Decision Making, Springer-Verlag, Berlin: 552 pp.