Arie Harel
Assc Professor
Zicklin School of Business
Department: Paul Chook Dept InfoSys & Stat
Areas of expertise:
Email Address: arie.harel@baruch.cuny.edu
> View CV- Biography
- Teaching
- Research and Creative Activity
- Grants
- Honors and Awards
- Service
Education
Ph.D., Management Science, Graduate School of Business, Columbia University
MPhil, Management Science, Graduate School of Business, Columbia University
| Semester | Course Prefix | Course Number | Course Name |
|---|---|---|---|
| Fall 2023 | OPR | 9721 | Intro To Quantv Mdl |
| Fall 2023 | OPR | 3450 | Quant Decis Making I |
| Fall 2022 | OPR | 3450 | Quant Decis Making I |
| Fall 2022 | OPR | 5000 | Independent Study OPR I |
| Fall 2022 | OPR | 9721 | Intro To Quantv Mdl |
| Spring 2022 | OPR | 3450 | Quant Decis Making I |
| Spring 2022 | OPR | 9730 | Simul Model & Analy |
| Fall 2021 | OPR | 9721 | Intro To Quantv Mdl |
| Fall 2021 | OPR | 3450 | Quant Decis Making I |
| Spring 2021 | OPR | 3450 | Quant Decis Making I |
| Spring 2021 | OPR | 9783 | Stoch Proc Bus Appli |
| Spring 2021 | STA | 9783 | Stochastic Process Bus Appl I |
| Fall 2020 | OPR | 9721 | Intro To Quantv Mdl |
| Fall 2020 | OPR | 3450 | Quant Decis Making I |
| Spring 2019 | OPR | 3300 | Quantitative Methods for Acctg |
| Fall 2018 | STA | 2000 | Business Statistics I |
| Fall 2018 | STA | 2000 | Business Statistics I |
| Spring 2018 | STA | 2000 | Business Statistics I |
| Fall 2017 | STA | 2000 | Business Statistics I |
| Fall 2017 | STA | 2000 | Business Statistics I |
| Spring 2017 | STA | 9783 | Stochastic Process Bus Appl I |
| Spring 2017 | STA | 2000 | Business Statistics I |
| Spring 2017 | OPR | 9783 | Stoch Proc Bus Appli |
| Fall 2016 | STA | 2000 | Business Statistics I |
| Fall 2016 | STA | 2000 | Business Statistics I |
| Spring 2016 | STA | 2000 | Business Statistics I |
| Spring 2016 | OPR | 9783 | Stoch Proc Bus Appli |
| Spring 2016 | STA | 9783 | Stochastic Process Bus Appl I |
| Fall 2015 | STA | 2000 | Business Statistics I |
| Spring 2015 | STA | 2000 | Business Statistics I |
| Spring 2015 | STA | 2000 | Business Statistics I |
| Fall 2014 | STA | 2000 | Business Statistics I |
| Fall 2014 | STA | 2000H | Honors - Business Statistics |
| Spring 2014 | STA | 9783 | Stochastic Process Bus Appl I |
| Spring 2014 | STA | 2000 | Business Statistics I |
| Spring 2014 | OPR | 9783 | Stoch Proc Bus Appli |
| Fall 2013 | STA | 2000 | Business Statistics I |
| Spring 2013 | STA | 2000 | Business Statistics I |
| Spring 2013 | STA | 9783 | Stochastic Process Bus Appl I |
| Fall 2012 | STA | 2000 | Business Statistics I |
| Fall 2012 | STA | 2000H | Honors - Business Statistics |
| Spring 2012 | OPR | 9783 | Stoch Proc Bus Appli |
| Spring 2012 | STA | 2000 | Business Statistics I |
| Spring 2012 | STA | 9783 | Stochastic Process Bus Appl I |
| Fall 2011 | STA | 2000 | Business Statistics I |
| Fall 2011 | STA | 2000H | Honors - Business Statistics |
| Spring 2011 | STA | 2000 | Business Statistics I |
| Spring 2011 | OPR | 9783 | Stoch Proc Bus Appli |
| Spring 2011 | OPR | 9773 | Spec Topics In Opr |
| Spring 2011 | STA | 9783 | Stochastic Process Bus Appl I |
| Fall 2010 | STA | 9715 | Applied Probability |
| Fall 2010 | STA | 2000 | Business Statistics I |
| Spring 2010 | STA | 2000 | Business Statistics I |
| Spring 2010 | OPR | 9783 | Stoch Proc Bus Appli |
| Spring 2010 | STA | 9783 | Stochastic Process Bus Appl I |
| Fall 2008 | OPR | 9773 | Spec Topics In Opr |
| Fall 2008 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2008 | OPR | 9783 | Stoch Proc Bus Appli |
| Spring 2008 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2008 | STA | 4370 | Spec Topic Appld Sta |
| Spring 2008 | STA | 9783 | Stochastic Process Bus Appl I |
| Fall 2007 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2007 | STA | 9783 | Stochastic Process Bus Appl I |
| Spring 2007 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2007 | OPR | 9783 | Stoch Proc Bus Appli |
| Fall 2006 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2006 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2006 | OPR | 9783 | Stoch Proc Bus Appli |
| Spring 2006 | STA | 9783 | Stochastic Process Bus Appl I |
| Fall 2005 | OPR | 3300 | Quantitative Methods for Acctg |
| Fall 2005 | STA | 9772 | Spec Top Stat Anal |
| Spring 2005 | OPR | 9783 | Stoch Proc Bus Appli |
| Spring 2005 | STA | 9783 | Stochastic Process Bus Appl I |
| Fall 2004 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2004 | STA | 9783 | Stochastic Process Bus Appl I |
| Spring 2004 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2004 | OPR | 9783 | Stoch Proc Bus Appli |
| Fall 2003 | OPR | 9721 | Intro To Quantv Mdl |
| Fall 2003 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2003 | OPR | 9723 | Probabilistic Models |
| Spring 2003 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2003 | STA | 9783 | Stochastic Process Bus Appl I |
| Fall 2002 | STA | 9715 | Applied Probability |
| Fall 2002 | STA | 3551 | Theory Stat Prob Dis |
| Fall 2002 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2002 | OPR | 3300 | Quantitative Methods for Acctg |
| Spring 2002 | OPR | 3300 | Quantitative Methods for Acctg |
Journal Articles
(2022). Predicting Security Returns in the Presence of Upper Price Limits. Theoretical Economics Letters, 12(5). 1280-1287.
Harel, A., & Harpaz, G. (2021). "Forecasting stock prices". International Review of Economics and Finance, 73(May). 249-256.
Harel, A., & Harpaz, G. (2020). "Forecasting the S&P 500 Index with Circuit Breakers". Theoretical Economics Letters, 10(6). 1205-1212.
Harel, A., Francis, J. C., & Harpaz, G. (2018). "Alternative Utility Functions: Review, Analysis and Comparison". Review of Quantitative Finance and Accounting, 51(3). 785-811.
Harel, A., Harpaz, G., & Francis, J. C. (2016). "Market Efficiency: Is it Possible?". The International Journal of Finance, 28(1). 1-13.
Harel, A., Harpaz, G., & Francis, J. (2014). "Optimal Executive Compensation Schemes" . The International Journal of Finance , 26(1). 1-7.
Harel, A. (2011). "Convexity Results for the Erlang Delay and Loss Formulae When the Server Utilization Is Held Constant". Operations Research, 59(6). 1420-1426.
(2011). "Analysis of Efficient Markets". Review of Quantitative Finance and Accounting, 36(2). 287-296..
Harel, A. (2010). "Sharp and simple bounds for the Erlang delay and loss formulae". Queueing Systems, 64(2). 119-143.
Francis, J. C., Harel, A., & Harpaz, G. (2010). "Actuarially Fair Premia for Deductible Insurance Policies". American Economist, 55(2). 83-91.
Harel, A., Harpaz, G., & Yagil, J. (2010). "A New Paradigm for Forecasting Security Returns in a Market Regulated by Price Limits". Review of Quantitative Finance and Accounting, 35(1). 113-121.
(2009). "Exchange Mergers and Electronic Trading". The Journal of Trading, 4(1). 35-43.
Francis, J. C., Harel, A., & Harpaz, G. (2009). “Exchange Mergers and Electronic Trading”. The Journal of Trading, 4(1). 35-43.
Harel, A., Harpaz, G., & Francis, J. C. (2007). "Pricing Securities with Exchange-Imposed Price Limits Via Risk Neutral Valuation". International Journal of Theoretical & Applied Finance, 10(3). 399-406.
Harel, A., & Harpaz, G. (2007). "Fair Actuarial Values for Deductible Insurance Policies in the Presence of Parameter Uncertainty". International Journal of Theoretical & Applied Finance, 10(2). 389-397.
(2007). "Pricing Futures on Geometric Indexes: A Discrete Time Approach". Review of Quantitative Finance and Accounting, 28(3). 227-240.
(2006). "Security Markets with Price Limit: A Bayesian Approach". International Journal of Theoretical and Applied Finance, 9(3). 359-372.
(2006). "Forecasting Demand for Perishable Commodities and Services Under Capacity Constraint". Forecasting Letters, 1(1). 10-16.
(2005). "The Determinant of the Bank Loan Loss Ratios". Risk Letters, 1(2). 1-4.
(2005). "The Pricing of the CME$INDEX Futures Contracts". Risk Letters, 1(1). 1-5.
(2005). "Premium Computation for Deductible Insurance Policies: A Bayesian Approach". Finance Letters, 3(6). 1-7.
(2005). "Forecasting Futures Returns in the Presence of Price Limits". Journal of Futures Markets, 25(2). 199-210.
(2005). "Project Valuation with Time-Varying Cash Flows: A Bayesian Approach". Engineering Economist, 50(4). 337-359.
(2004). "A Bayesian Estimator for Time Varying Betas". Finance Letters, 2(3). 10-15.
(2004). "A Bayesian Estimator for Time Varying Betas". Finance Letters, 2(3). 10-15.
(2004). "The Valuation of Indexed Bonds". Finance Letters, 2(6). 1-7.
Harel, A., Namn, S., & Sturm, J. (1999). "Simple Bounds for Closed Queueing Networks". Queueing Systems, 31(1). 125-135.
Harel, A., Namn, S., & Sturm, J. (1999). "Migration of Zeros for Successive Derivatives of Entire Function". Proceedings of the American Mathematical Society, 127(2). 563-567.
Harel, A., & Chen, H. (1997). "Order Statistics Applications to Queueing and Scheduling Problems". Queueing Systems, 27(3,4). 325-350.
Harel, A., & Stulman, A. (1995). "Polling, Greedy and Horizon Servers on a Circle". Operations Research, 43(1). 177-186.
Harel, A. (1993). "Random Walk and the Area Below its Path". Mathematics of Operations Research, 18(3). 566-577.
Harel, A., & Stulman, A. (1991). "Phasing Out Inventory for a Continuously Demanded Commodity". Information Systems and Operational Research, 29(1). 38-43.
Harel, A. (1990). "On Honest Bernoulli Excursions". Journal of Applied Probability, 27(2). 475-476.
Harel, A. (1990). "Convexity properties of the Erlang Loss Formula". Operations Research, 38(3). 499-505.
Harel, A. (1990). "Convexity Results for Single Server Queues and for Multiserver Queues with Constant Service Times". Journal of Applied Probability, 27(2). 465-468.
Harel, A. (1988). "Sharp Bounds and Simple Approximations for the Erlang Delay and Loss Formulas". Management Science, 34(8). 959-972.
Harel, A. (1988). "Errantum to: Sharp Bounds and Simple Approximations for the Erlang Delay and Loss Formulas". Management Science, 34(10). 1277.
Harel, A., & Zipkin, P. (1987). "The Convexity of a General Performance measure for the Multi-Server Queues". Journal of Applied Probability, 24(3). 725-736.
Harel, A., & Zipkin, P. (1987). "Strong Convexity Results for Queueing Systems". Operations Research, 35(3). 405-418.
Other Scholarly Works
Harel, A. (2006). "Sequence A122525 in the On-Line Encyclopedia of Integer Sequences".
Harel, A. (2006). "Sequence A121922 in the On-Line Encyclopedia of Integer Sequences".
| Title | Funding Agency Sponsor | Start Date | End Date | Awarded Date | Total Funding | Status |
|---|---|---|---|---|---|---|
| Convexity results for the analytic continuation of the classical Erlang delay and loss formulae | PSC-CUNY 44 | 07/01/2013 | 06/30/2014 | 04/15/2013 | 5990 | Completed |
| Convexity Result for the Erlang Delay Formula and the Optimal Number of Servers | PSC-CUNY 41 | 07/01/2010 | 06/30/2011 | 3990 | Completed | |
| Bounds, Optimization and Approximation Results for the Erlang Delay and Loss Formulae | PSC-CUNY 38 | 07/01/2007 | 06/30/2008 | 4095 | Completed |
| Honor / Award | Organization Sponsor | Date Received | Description |
|---|---|---|---|
| Faculty Research & Creative Activities award for contributing to knowledge created in 2018. Baruch College, April 11, 2019. | Baruch College | 2019 | |
| Research award for publishing in premier journals | Zicklin School of Business | 2015 | $6,500 for publishing in premier journals. |
| Faculty Scholarship and Creative Achievement Award | Baruch College | 2012 | |
| Faculty Scholarship and Creative Achievement Award | Baruch College | 2011 | Recipient of award recognizing outstanding academic contributions by members of the Baruch College faculty during the year 2010. |
| Faculty Scholarship and Creative Achievement Award | Baruch College | 2010 | Recipient of award recognizing outstanding academic contributions by members of the Baruch College faculty during the year 2009. |
| Faculty Scholarship and Creative Achievement Award | Baruch College | 2008 | Recipient of award recognizing outstanding academic contributions by members of the Baruch College faculty during the year 2007. |
| Faculty Scholarship and Creative Achievement Award | Baruch College | 2007 | Recipient of award recognizing outstanding academic contributions by members of the Baruch College faculty during the year 2006. |
| Faculty Scholarship and Creative Achievement Award | Baruch College | 2006 | Recipient of award recognizing outstanding academic contributions by members of the Baruch College faculty during the year 2005. |
| Merit Awards | Rutgers University | 1991 | |
| Merit Awards | Rutgers University | 1990 | |
| Horace J. DePodwin Award | Rutgers University | 1988 | |
| Merit Awards | Rutgers University | 1988 | |
| Beta Gamma Sigma | Columbia University | 1985 | |
| Summa Cum Laude | Ben Gurion University | 1976 |
College
| Committee Name | Position Role | Start Date | End Date |
|---|---|---|---|
| Evaluation of OPR courses for the Study Abroad Program | Present | ||
| Coordinator, Operations Research/Quantitative Methods Area | Faculty Advisor | Present | |
| Evaluation of the foreign transfer credits | Present | ||
| Beta Gamma Sigma Honors and Recognition Ceremony | Present | ||
| Flex-Time MBA/MS & APT Orientation | Present | ||
| Flex-Time orientation for new MBA/MS | Present | ||
| Orientation for undergraduate students | Present | ||
| Zicklin Conversation | Present | ||
| Alumni Reception | Present | ||
| Weissman School of Arts & Sciences | Representative | Present | |
| MBA/MS Program Orientation | Faculty Advisor | Present | |
| Information Sessions with MBA & MS students | Faculty Advisor | Present | |
| Committee on Research and Professional Development | Committee Member | Present | |
| Executive Committee | Committee Member | Present | |
| Graduate Curriculum Committee | Committee Member | Present | |
| Academic Advising for the graduate students in Quantitative Methods and Modeling. | Faculty Advisor | Present | |
| Classroom Observation for colleagues | Faculty Mentor | Present | |
| Chair of the search committee for a Lecturer in Statistics, Fall 2023. | Committee Chair | 5/1/2023 | |
| Academic Advising for MBA students majoring in Decision Sciences | Faculty Advisor | 9/30/2018 | |
| Business Ethics Steering Committee | Committee Member | 8/1/2017 | |
| Secretary of the Faculty | 12/31/2016 | ||
| Committee on Library | Committee Member | 9/30/2016 | |
| Honors Program Admission Committee | Committee Member | 2/28/2015 | |
| Review of candidates for the Macaulay Honors College | 1/31/2015 | ||
| Interim Secretary of the Faculty | 8/28/2014 | ||
| Committee on Collegiate Athletic Activities | Committee Member | 8/31/2012 | |
| Secretary of the Faculty | 8/28/2010 | ||
| Committee on Research and Professional Development | Committee Chair | 9/30/2009 | |
| Chair, Committee on Collegiate Athletic Activities | Committee Chair | 8/31/2009 | |
| Committee on Academic Standing | Committee Member | 12/31/2008 | |
| Advisory Committee for the BCTC | Committee Member | 9/30/2008 | |
| Acting Coordinator, Quantitative Methods Area | Acting Coordinator | 1/31/2007 |
University
| Committee Name | Position Role | Start Date | End Date |
|---|---|---|---|
| CUNY Research Foundation | Present | ||
| CUNY Select Faculty Committee Teaching Panel | 4/1/2010 | Present | |
| Committee on Financial Aid | Committee Member | 8/28/2024 | Present |
| Taught Ph.D. students from the Graduate Center | Present | ||
| Senator to the University Faculty Senate | Senator | 9/1/2022 | Present |
| Senator to the University Faculty Senate | 9/1/2019 | 6/30/2022 | |
| Senator to the University Faculty Senate | 9/1/2016 | 6/30/2019 | |
| Senator to the University Faculty Senate | 9/1/2013 | 6/30/2016 | |
| Alternate Senator to the University Faculty Senate | 9/1/2009 | 6/30/2013 |
Professional
| Organization | Position Role | Organization State | Organization Country | Start Date | End Date | Audience |
|---|---|---|---|---|---|---|
| Queueing Models and Service Management (QMSM) | Editor, Associate Editor | 1/1/2016 | Present | International | ||
| International Journal of Tomography and Simulation (IJTS) | Editor, Associate Editor | 1/2/2006 | Present | International | ||
| Telecommunication Systems Journal (Springer) | Editor, Associate Editor | 6/1/2006 | Present | International | ||
| ORSA/TIMS National Meeting, Anaheim, CA | Session Chair | California | United States | 11/1/1991 | 11/30/1991 | International |
| ORSA/TIMS National Meeting, Philadelphia, PA | Session Chair | Pennsylvania | United States | 10/1/1990 | 10/31/1990 | International |
| ORSA/TIMS National Meeting, New York, New York | Session Chair | New York | United States | 10/1/1989 | 10/31/1989 | International |
| ORSA/TIMS National Meeting, Denver, Colorado | Session Chair | Colorado | United States | 10/1/1988 | 10/31/1988 | International |
| ORSA/TIMS National Meeting, St. Louis, Missouri | Session Chair | Missouri | United States | 10/1/1987 | 10/31/1987 | International |
| ORSA/TIMS National Meeting, New Orleans, Louisiana | Session Chair | Louisiana | United States | 5/1/1987 | 5/31/1987 | International |
| ORSA/TIMS National Meeting, Los Angeles, CA | Session Chair | California | United States | 4/1/1986 | 4/30/1986 | International |