Janne Kettunen

Associate Professor of Decision Sciences

Contact:

Email: Janne Kettunen

Office Phone: (202) 994-3029

2201 G Street NW, Suite 409 Washington, DC 20052

Janne Kettunen is a tenured associate professor of Decision Sciences at the George Washington University School of Business. He is currently teaching courses in the Business Analytics program. Since 2001, he has taught undergraduate, graduate, executive and Ph.D. courses at several institutions, including London Business School. He has also served on an advisory committee to former Canada's Deputy Minister of Environment, Paul Boothe, providing guidance on the government’s greenhouse gas emissions plans and regulatory approaches for major emitters.

Before beginning his academic career, Professor Kettunen worked with organizations such as Nokia (Japan), the Board for Actuarial Standards (UK), Compagnie Financiere Tradition (Asia Pacific), and the Institute of Strategy and International Business (Finland).

Professor Kettunen’s research lies predominantly in the field of production and operations management and can be categorized into two main areas:

new product development (NPD), R&D, and project management, and
industry studies and public policy.

His work has been supported by multiple research grants, and he has been a finalist for the Dennis J. O’Brien USAEE Best Paper Award. He has published in leading scholarly journals, including Operations Research, Manufacturing & Service Operations Management, and Production and Operations Management. His research has also been featured in the INFORMS Editor’s Cut, a premier collection showcasing industry-focused innovations in advanced analytics and operations research.

Professor Kettunen has served as a judge in several INFORMS best paper competitions and is a member of the editorial boards of the Decision Analysis and Production and Operations Management. He currently serves as the Past President of the INFORMS Technology, Innovation Management and Entrepreneurship Section and Vice President of Meetings for the POMS College of Product Innovation and Technology Management.

Distinctions

Outstanding Master of Science in Project Management Faculty Award 2018
INFORMS Editor’s Cut Article: Lejeune M., J. Kettunen. 2017. Managing Reliability and Stability Risks in Forest Harvesting. Manufacturing & Service Operations Management.
Research Grant, Institute for Sustainable Energy, Environment and Economy (ISEEE, 2012)
Research Grant, Carbon Management Canada (CMC, 2011)
Research Grant, ISEEE-Natural Resources Canada-CMC (2010)
Research Grant, ISEEE-Natural Resources Canada (2010)
Dean’s Research Grant, Haskayne School of Business (2009)
Research Fellow, London Business School (2008)
Best PaperFinalist, Dennis J. O’Brien USAEE(2008)
Research & Materials Development Grant, London Business School (2007)
Research Grant, Research Foundation of Helsinki University of Technology (2006)
Research Grant, Jenny and Antti Wihuri Foundation (2005)

Areas of Expertise

New Product Development, R&D, and Project Management
Industry Studies and Public Policy
Production and Operations Management
Decision Making Under Uncertainty and Risk

Education

D.Sc. in Systems and Operations Research, Helsinki University of Technology (now known as Aalto University), 2009
M.B.A. in Finance, Hawaii Pacific University, 2003
M.S. in Electrical Engineering, Helsinki University of Technology (now known as Aalto University), 2001

Publications

Hong, E., Y. Kwak, J. Kettunen. 2023. “Does Competition Impact Workplace Safety in Public Procurement? Perspectives from Bid-Estimate Ratio and Firm Size,” IEEE Transactions in Engineering Management. 71 9892-9905.
Kettunen, J., M. Lejeune. (2022). ”Data-Driven Project Portfolio Selection: Decision-Dependent Stochastic Programming Formulations with Reliability and Time to Market Requirements,” Computers & Operations Research. 143(7) 1-13.
Kettunen, J., Nematollahi, E., Y. Zinchenko. (2022). ”Why do Energy Markets in Europe Rely on One Instrument,” Production and Operations Management. 31(4) 1473-1491.
Kettunen, J., M. Lejeune. (2020). “Technical Note – Waterfall and Agile Product Development Approaches: Disjunctive Stochastic Programming Formulations,” Operations Research. 68(5) 1356-1363.
Lejeune, M., J. Kettunen. (2018). ”A Fractional Stochastic Integer Programming Problem for Reliability-to-Stability Ratio in Forest Harvesting,” Computational Management Science. 15(3-4) 583-597.
Kettunen, J., Y. Kwak. (2018). ”Scheduling Public Requests for Proposals: Models and Insights,” Production and Operations Management. 27(7) 1271-1290.
Kettunen, J., A. Salo, (2017), ”Estimation of Downside Risk in Project Portfolio Selection,” Production and Operations Management, 26(10) 1839-1853.
Lejeune M., J. Kettunen, (2017), “Managing Reliability and Stability Risks in Forest Harvesting,” Manufacturing & Service Operations Management, 19(4) 620-638.
N. Sabzvar, V. Enns, J. Bergerson, J. Kettunen, (2017), “Modeling Competitive Firms’ Performance under Price-Sensitive Demand and Cap-and-Trade Emission Constraints,” International Journal of Production Economics, 184, 193-209.
Chen, L., J. Kettunen, (2016), ”Is Certainty in Carbon Policy Better than Uncertainty,” European Journal of Operational Research, 258(1) 230-243.
Kettunen, J., D. W. Bunn, (2015), “Risk Induced Resource Dependency in Capacity Investments,” European Journal of Operational Research, 250(3) 914-924.
Kettunen, J., Y. Grushka-Cockayne, B. De Reyck, Z. Degraeve, (2015), “New Product Development Flexibility in a Competitive Environment,” European Journal of Operational Research, 244(3) 892-904.
McKellar, J. M., J. A. Bergerson, J. Kettunen, H. L. MacLean, (2013), “Predicting Project Environmental Performance under Market Uncertainties: Case Study of Oil Sands Coke,” Environmental Science and Technology, 47(11) 5979-5987.
Kettunen, J., D. W. Bunn, W. Blyth (2011), “Investment Propensities under Carbon Policy Uncertainty,” The Energy Journal, 32(1) 77-117.
Kettunen, J., A. Salo, D. W. Bunn (2010), “Optimization of Electricity Retailer’s Contract Portfolio Subject to Risk Preferences,” IEEE Transactions on Power Systems, 25(1) 117-128.
Blyth, W., D. W. Bunn, J. Kettunen, T. Wilson, (2009), “Policy Interactions, Risk and Price Formation in Carbon Markets,” Energy Policy, 37(12) 5192-5207.
Kettunen, J., G. Meissner, (2006), “Valuing Credit Default Swaps on Correlated LMM Processes,” Journal of Alternative Investments, 9(1) 78-88.

Professional Activities

Academic Positions

The George Washington University School of Business

Associate Professor, Decision Sciences (2019-present)
Assistant Professor, Decision Sciences (2013-2019)

University of Calgary

Joint appointment as:

Assistant Professor, Haskayne School of Business, Operations Management (2009-2013)
Faculty, Institute for Sustainable Energy, Environment and Economy, Energy and Environmental Systems (2009-2013)

London Business School

Research Fellow/Researcher, Management Science and Operations (2006-2009)

Helsinki University of Technology (now known as Aalto University)

Researcher, Systems Analysis Laboratory (2005-2006)

Hawaii Pacific University

Research Associate, Finance (2003)

Helsinki University of Technology (now known as Aalto University)

Research Assistant, Institute of Strategy and International Business (2001)

Affiliations

Production and Operations Management Society
College of Product Innovation and Technology Management
The Institute for Operations Research and the Management Sciences (INFORMS)
INFORMS Technology, Innovation Management and Entrepreneurship Section
Decision Analysis Society

Non-academic Positions

The Board for Actuarial Standards, London, UK
Independent Consultant (2007)
Compagnie Financiere Tradition, Asia Pacific
Business Development Analyst (2003-2005)
Nokia, Yokosuka, Japan
Business Development Analyst (1999-2000)
Nokia, Espoo, Finland
Research Associate (1998)