Ross Ph.D. Student Places High in Paper Competitions
Doctoral candidate Ravi Subramanian earns recognition for work in industrial ecology.
ANN ARBOR, Mich. Ravi Subramanian, MS '02 and doctoral student at the Stephen M. Ross School of Business at the University of Michigan, recently won two awards for his paper, "Emissions Compliance Strategies: A Permit Auction Model."
His paper, co-authored with Professors Sudheer Gupta and Brian Talbot (co-chairs of his dissertation committee), was awarded second prize in the Manufacturing and Service Operations Management student paper competition held by the Institute for Operations Research and the Management Sciences (INFORMS). The paper also secured an honorable mention in the institute's Energy, Natural Resources and the Environment contest.
Subramanian says that product take-back laws in Europe and Japan, vehicle exhaust limits in California and sulfur dioxide caps for electricity utilities in the United States are just a few of the many emissions regulations that exist today. He says a widespread belief exists that there is an inherent trade-off between ecology and the economy. His goal is to find ways for firms to be more profitable within environmental constraints and, going a step further, to examine ways in which the competitiveness of firms and environmental philanthropy can coexist.
Drawing on Subramanian's dissertation research, the authors outline the trade-offs among compliance strategies a firm has for a pollution control program based on permits for emissions. Their methodology includes an analytical model in which firms invest in abatement to reduce emissions, participate in an auction for permits and produce output. This is the first framework, to their knowledge, that provides an assessment of compliance strategies under a regulatory program for emissions control.
Subramanian received his MBA from the Indian Institute of Technology in 1999 and his bachelor's degree from the Birla Institute of Technology and Science in 1997. He has won numerous awards during his academic career including three fellowships and two scholarships, and has taught business courses at the Ross School for the past four years.
Upon graduating in summer 2005, Subramanian plans to extend his dissertation research into the areas of efficient operations, compliance management and regulatory policy design.
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