Joseph C. Paradi, PhD, P.Eng., FCAE, SSHRC/NSERC

Professor Emeritus, Industrial Engineering
Chair in the Management of Technological Change

Research: Efficiency, effectiveness, productivity and technology studies in the Financial Services Industry. Operational Research tools are used in the work, predominantly Data Envelopment Analysis. The problems under investigation are mostly related to industry problems and are done with business management involvement. Many new approaches and techniques are developed to solve these real life challenges.

Email: paradi@mie.utoronto.ca | Tel: 416-978-6924 | Office: MY725

Research Areas

  1. Operations Research


Research interests concentrate on the Financial Services Industry (FSI) and their performance evaluation and technology advancement needs. Productivity, efficiency and effectiveness in the services industries are the major focus of the work. This includes the examination of productivity measures for independent Decision Making Units (DMU). Such groups include software development teams, branch employees and management, loan portfolio lending teams, credit rating of corporate loans, international banking, client profiles, credit card fraud, pension funds, mutual funds, Initial Public Offerings, etc. This area of research involves the Data Envelopment Analysis (DEA) approach and modelling of the DMUs in the collaborating real-world corporations. We also work in quality in software development; Technological Change as a Competitive Weapon; evaluation of the effects of risk (technological, environmental, economic, competitive etc.). We have a deep interest in the rapidly growing e-Commerce field, specifically in the on-line banking segment and in the arbitrated commerce area. This work comprises of the development of e-Commerce strategies in an on-line environment where both buyer and seller deal simultaneously. We have a significant interest in applying big data and machine learning technologies in the FSI. Much work is oriented towards the understanding of the underlying mechanisms and inherent technological and human factors issues. We are very interested in the mobile app world and its effects on the FSI, new technologies in the payment system, digital currencies (Bitcoin and others) and how technological change effects the internal organisations we work with. Big Data and analytics are an emerging focus for us and see this as a rapidly growing opportunity. The main Operational Research tool is Data Envelopment Analysis in the banking industry. A recent book was written on this topic: Data Envelopment Analysis in the Financial Services Industry. A Guide for Practitioners and Analysts Working in Operations Research Using DEA.

Professor, Mechanical Engineering
University of Toronto Distinguished Professor of Microcellular Engineered Plastics

Research: plastic foaming technology; fundamental understanding of foaming phenomena; computational modelling of foaming; super high R value foams; sound insulation foams, biodegradable foams; environmentally safeblowing agents.

Laboratory: Microcellular Plastics Manufacturing Laboratory (MPML)

Email: park@mie.utoronto.ca | Tel: 416-978-3053 | Office: RS210A

Research Areas

  1. Thermal and Fluid Sciences Engineering
  2. Advanced Manufacturing and Materials Engineering


Chul B. Park is a world leader in the development of innovative, cost-effective technologies for the foamed plastics. Dr. Park has been extensively involved in industrial projects both in consulting and research contracts on various foam processes including microcellular processing, inert gas-injection processing, rotational foam molding, wood-fiber composites, and open-cell foams.

Since 1993, he directed the Microcellular Plastics Manufacturing Laboratory at the University of Toronto and has been involved in pioneering work on the concepts of microcellular foaming. The laboratory is recognized as the leading facility in the world for research and development of microcellular plastic foams.

Dr. Park’s innovative research in this area indicates that the successful production of microcellular automotive parts could have a major impact on industry. Metallic components, for example, could be replaced with plastic ones, resulting in crucial weight reduction; the introduction of microcellular foams could further reduce part weights, as well as production and operational costs. These weight reductions could also contribute to improved fuel economy and reduced CO2 emissions.

For over a decade, he has led the Consortium for cellular and Microcellular Plastics (CCMCP) with 20+ industrial sponsors from Canada and around the world. The Consortium has developed state-of-the-art technologies for manufacturing process and production in plastic foaming, which have been widely adopted by a large number of companies in their production.

In recognition of his outstanding research achievements, he has received numerous honors and awards in his career. The recent awards include: the NSERC Strategic Network Grant ($5M) in 2010, the Julian C Smith Award from the Engineering Institute of Canada in 2010, Fellow of the Royal Society of Canada in 2010, Fellow of the American Association for the Advancement of Science in 2012, the C.N. Downing Award from the Canadian Society for Mechanical Engineering in 2012, the M. Eugene Merchant Manufacturing Medal from the American Society of Mechanical Engineers / Society of Manufacturing Engineers in 2012, and Fellow of the Korean Academy of Science of Technology in 2012.