Department of Finance

Sanford Family Distinguished Chair in Business

Office: B334 Amos Hall

620 S. Lumpkin St.

Athens, GA, 30602
Phone Numbers: Work706-542-3782
Email Address: Workrsteuer@uga.edu
Documents: Vita

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 3,000 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

Qi. Y. and R. E. Steuer. 2020. An Analytical Derivation of the Efficient Surface in Quad-and-Higher Criterion Portfolio Selection, Annals of Operations Research, 293(2), 533-552.
Xidonas, P., R. E. Steuer and C. Hassapis. 2020. Robust Portfolio Optimization: A Categorized Bibliographic Review, Annals of Operations Research, 292(1), 521-538.
Piercy, C. A. and R. E. Steuer. 2019. Reducing Wall-Clock Time for the Computation of All Efficient Extreme Points in Multiple Objective Linear Programming, European Journal of Operational Research, Vol. 277, No. 2, 653-666.
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. 2017. An Analytical Derivation of the Efficient Surface in Portfolio Selection with Three Criteria. Annals of Operations Research, 25(1):161-177.
Kao, C. and R. E. Steuer. 2016. Value of Information in Portfolio Selection, with a Taiwan Stock Market Application Illustration. European Journal of Operational Research, 253(2):418-427. ***
Steuer, R. E., M. Hirschberger and K. Deb. 2016. Extracting from the Relaxed for Large-Scale Semi-Continuous Variable Nondominated Frontiers. Journal of Global Optimization, 64:33-48.
Utz, S., M. Wimmer and R. E. Steuer. 2015. Tri-Criterion Modeling for Constructing More-Sustainable Mutual Funds. European Journal of Operational Research, 236(1):331-338.
Utz, S., M. Wimmer, M. Hirschberger and R. E. Steuer. 2014. Tri-Criterion Inverse Portfolio Optimization with Application to Socially Responsible Mutual Funds. European Journal of Operational Research, 234(2):491-498.
Hirschberger, M., R. E. Steuer, S. Utz, M. Wimmer and Y. Qi. 2013. Computing the Nondominated Surface in Tri-Criterion Portfolio Selection. Operations Research, 61(1):169-183.
Qi, Y., F. Wu, X. Peng and R. E. Steuer. 2013. Chinese Corporate Social Responsibility by Multiple Objective Portfolio Selection and Genetic Algorithms. Journal of Multi-Criteria Decision Analysis, 20(3-4):127-139.
Steuer, R. E., Y. Qi and M. Hirschberger. 2011. Comparative Issues in Large-Scale Mean-Variance Efficient Frontier Computation. Decision Support Systems, 51(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 Research, 207(3):1506-1518.
Hirschberger, M., Y. Qi and R. E. Steuer. 2010. Large-Scale MV Efficient Frontier Computation via a Procedure of Parametric Quadratic Programming. European Journal of Operational Research, 204(3):581-588.
Luque, M., F. Ruiz and R. E. Steuer. 2010. Modified Interactive Chebycheff Algorithm for Convex Multiobjective Programming. European Journal of Operational Research, 204(3):557-564.
Qi, Y., M. Hirschberger and R. E. Steuer. 2009. Dotted Representations of Mean-Variance Efficient Frontiers and their Computation. INFOR, 47(1):15-21.
Wallenius, J., J. S. Dyer, P. C. Fishburn, R. E. Steuer, S. Zionts and K. Deb. 2008. Multiple Criteria Decision Making, Multiattribute Utility Analysis: Recent Accomplishments and What Lies Ahead. Management Science, 54(7):1336-1349.
Hirschberger, M., Y. Qi and R. E. Steuer. 2007. Randomly 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. 2007. Suitable-Portfolio Investors, Nondominated Frontier Sensitivity, and the Effect on Standard Portfolio Selection. Annals of Operations Research, 152(1):297-317.

Books

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