Faculty

Andrew K.S. Jardine, PhD, P.Eng., CEng, FCAE, FIIE, FISEAM (Hon.)

Professor Emeritus, Industrial Engineering

Research: Manufacturing; operations research; Centre for Maintenance Optimization and Reliability Engineering (C-MORE), industry-guided real-world research for optimal asset management.

Email: jardine@mie.utoronto.ca | Tel: 416-978-2921 | Office: BA8132

Research Areas

  1. Operations Research

Biosketch

Dr. Andrew K.S. Jardine was Founding Director of the Centre for Maintenance Optimization & Reliability Engineering (C-MORE). He is author of economic life software AGE/CON and PERDEC, licensed to organizations in the transportation, mining, electrical utilities, and process industries, and author of OREST software used for optimizing component preventive replacement decisions and forecasting demand for spare parts. In addition to writing software, C-MORE has developed and commercialised two software packages: EXAKT for the optimization of condition based maintenance decisions and SMS for optimization of stock holding policies for slow-moving expensive capital spares

Dr. Jardine is a prolific researcher and advocate of advances in maintenance decision-making and reliability engineering. His views are sought after by industry, he has published numerous books and papers, and he presents his work at professional seminars and conferences worldwide. His first maintenance-related book, Maintenance, Replacement and Reliability (1973) is in its 6th printing. He is co-editor with J.D. Campbell of Maintenance Excellence: Optimizing Equipment Life Cycle Decisions (2001); the second edition was published in 2010 as Asset Management Excellence: Optimizing Equipment Life-Cycle Decisions. The second edition of the bestselling Maintenance, Replacement & Reliability: Theory and Applications (2006), co-authored with Dr. A.H.C. Tsang, appeared in 2013.

In 1998, Professor Emeritus Jardine was the first recipient of the Sergio Guy Memorial Award from the Plant Engineering and Maintenance Association of Canada in recognition of his outstanding contribution to the maintenance profession and was elected a Fellow of both the Institute of Industrial Engineers and the Canadian Academy of Engineering in 2013. In 2013 he also received the Lifetime Achievement award from the International Society for Engineering Asset Management. In 2014 he was admitted to the status of Honorary Fellow of the International Society of Engineering Asset Management.
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

Biosketch

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.