Faculty Profiles

Dessislava Pachamanova

  • Professor
  • Zwerling Family Endowed Research Scholar
Academic Division: Math & Science
781-239-6671

Bio

On Sabbatical 2018-2019: Visiting Professor, MIT Sloan School of Management

Dr. Pachamanova’s research and consulting span multiple fields, including financial modeling, robust optimization, predictive analytics, operations, and simulation. She has authored and coauthored tens of articles in operations research, finance, accounting, engineering, marketing and management journals, numerous book chapters, as well as three books in computational finance and risk management: Robust Portfolio Optimization and Management (2007), Simulation and Optimization in Finance: Modeling with MATLAB, @RISK, or VBA (2010), and Portfolio Construction and Analytics (2016), all part of The Frank J. Fabozzi Series in Finance, J. Wiley & Sons.

Dr. Pachamanova teaches courses in analytics and computational finance in the undergraduate and the MBA programs. She co-designed Babson’s undergraduate and MBA business analytics concentration curricula and co-chaired the design task force for a Masters program in Business Analytics. Dr. Pachamanova has served as faculty director for two open enrollment business analytics programs at Babson Executive Education, Business Analytics for Managers (face-to-face format) and the Babson-Pearson Business Analytics for Managers in India program (online/blended format), and has designed numerous modules on business analytics for custom executive education programs. She serves on the INFORMS Professional Committee, the INFORMS OR & Analytics Student Team Competition Committee, and the INFORMS Pro Bono Analytics Committee.

Dr. Pachamanova holds an A.B. from Princeton University and a Ph.D. from the Sloan School of Management at the Massachusetts Institute of Technology.

Academic Degrees

  • Ph D, Massachusetts Institute of Technology
  • AB, Princeton University

Academic Interests

Business Analytics; Financial Engineering; Operations Research

Awards & Honors

  • 2018 — Top 50 Undergraduate Professors, Poets & Quants
  • 2018 — Zwerling Family Endowed Research Scholar, Dean of Faculty, Babson College
  • 2016 — PwC Grant, Business Analytics, PricewaterhouseCoopers
  • 2015 — Zwerling Family Endowed Research Scholar, Dean of Faculty, Babson College
  • 2014 — Women Who Make a Difference Award Nominee, Babson College
  • 2013 — BFRF Excellence in Scholarship Award, Babson Faculty Research Fund
  • 2012 — Babson Research Scholar, Dean of Faculty, Babson College
  • 2012 — BFRF Summer Stipend Grant, Babson Faculty Research Fund
  • 2009 — BFRF Excellence in Scholarship Award, Babson Faculty Research Fund
  • 2008 — Course Release Grant, Board of Research, Babson College
  • 2008 — Excellence in Graduate Teaching Award, Dean of Faculty, Babson College
  • 2007 — Summer Stipend Grant, Board of Research, Babson College
  • 2006 — Major Grant Award (3 Course Releases), Board of Research, Babson College
  • 2006 — Zwerling Term Chair, Dean of Faculty, Babson College
  • 2004 — Best Presentation Award of the Financial Services Section of INFORMS, Financial Services Section of INFORMS
  • 2004 — Young Researcher Roundtable, INFORMS Conference on OR/MS Practice
  • 2003 — Gill Grant, Board of Research, Babson College
  • 2003 — Course Release Grant, Board of Research, Babson College
  • 2003 — Course Release Grant, Board of Research, Babson College
  • 1997 — Middleton Miller Prize, Princeton University Math Department
  • 1997 — Sigma Xi Honorary Research Society Book Award, Sigma Xi
  • 1996 — Summer Institute for Mathematical Sciences Fellowship, University of California at Berkeley
  • 1991 — Two-Year Full Scholarship, United World College of the Adriatic, Italy
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Courses

  • Degree Courses 2018

    • QTM 7200 DATA MODELS AND DECISIONS
    • QTM 9515 INTRO DATA SCIENCE BUS ANALYTICS

Publications

Journal Articles

  • Kopcso, D., Pachamanova, D.A. (2018). Business Value in Integrating Predictive and Prescriptive Analytics Models. INFORMS Transactions on Education. Vol: 19, Issue: 1. INFORMS. link
  • Ali, A., Mancha, R., Pachamanova, D.A. (2018). Correcting Analytics Maturity Myopia. Business Horizons. Vol: 61, Issue: 3, Page: 211-219. link
  • Kokina, J., Mancha, R., Pachamanova, D.A. (2017). Blockchain: Emergent Industry Adoption and Implications for Accounting. Journal of Emerging Technologies in Accounting. American Accounting Association. link
  • Lester, T., Pachamanova, D. (2017). The Dilemma of False Positives: Making Content ID Algorithms More Conducive to Fostering Innovative Fair Use in Music Creation. UCLA Entertainment Law Review. Vol: 24 (5), Page: 52-73. link
  • Kokina, J., Pachamanova, D.A., Corbett, A.C. (2017). The Role of Data Visualization and Analytics in Performance Management: Guiding Entrepreneurial Growth Decisions. Journal of Accounting Education. Vol: 38, Page: 50-62. Elsevier.
  • Gulpinar, N., Pachamanova, D.A., Canakoglu, E. (2016). A Robust Asset-Liability Management Framework for Investment Products with Guarantees. OR Spectrum: Quantitative Approaches in Management. Vol: 38, Issue: 4, Page: 1007-1041. Springer. link
  • Pachamanova, D.A. (2015). Mapping Business Problems to Analytics Solutions: Surrogate Experiential Learning in an MBA Introductory Data Science and Business Analytics Course. INFORMS Transactions on Education. Vol: 16, Issue: 1, Page: 15-22. INFORMS. link
  • Lo, V.S., Pachamanova, D.A. (2015). From Predictive Uplift Modeling to Prescriptive Uplift Analytics: A Practical Approach to Treatment Optimization While Accounting for Estimation Risk. Journal of Marketing Analytics. Vol: 3, Issue: 2, Page: 79–95. Palgrave Macmillan. link
  • Pachamanova, D.A., Fabozzi, F.J. (2014). Recent Trends in Equity Portfolio Construction Analytics. Journal of Portfolio Management, The. Vol: 40, Issue: 3, Page: 137-151. Institutional Investor, Inc.. link
  • Gülpιnar, N., Canakoglu, E., Pachamanova, D.A. (2014). Robust investment decisions under supply disruption in petroleum markets. Computers & Operations Research. Vol: 44, Page: 75-91. Pergamon Press. link
  • Gülpinar, N., Pachamanova, D.A. (2013). A Robust Optimization Approach to Asset-Liability Management under Time-Varying Investment Opportunities. Journal of Banking & Finance. Vol: 37, Issue: 6, Page: 2031-2041. Elsevier BV, North-Holland.
  • Gülpinar, N., Pachamanova, D.A., Çanakolu, E. (2013). Robust Strategies for Facility Location under Uncertainty. European Journal of Operational Research. Vol: 225, Issue: 1, Page: 21-35. Elsevier BV, North-Holland. link
  • Benson, P., Casali, M., Pachamanova, D. (2012). Making Optimization Signficant: The Role of Statistical Analysis. Search Marketing Standard. Page: 16-19. Search Marketing Standard, Inc.. link
  • Low, C., Pachamanova, D., Sim, M. (2012). Skewness-Aware Asset Allocation: A New Theoretical Framework and Empirical Evidence. Mathematical Finance. Vol: 22, Issue: 2, Page: 379-410. Wiley-Blackwell Publishing, Inc..
  • Gulpinar, N., Katata, K., Pachamanova, D. (2011). Robust Portfolio Optimization under Discrete Asset Choice Constraints. Journal of Asset Management. Vol: 12, Issue: 1, Page: 67-83. Palgrave Macmillan. link
  • Natarajan, K., Pachamanova, D.A., Sim, M. (2009). Constructing Risk Measures from Uncertainty Sets. Operations Research. Vol: 57, Issue: 5, Page: 1129-1141. INFORMS.
  • Elanjian, M., Pachamanova, D.A. (2009). Is Revenue Sharing Working for Major League Baseball? A Historical Perspective. Sport Journal, The. Vol: 12, Issue: 2.
  • Natarajan, K., Pachamanova, D., Sim, M. (2008). Incorporating Asymmetric Distributional Information in Robust Value-at-Risk Optimization. Management Science. Vol: 54, Issue: 3, Page: 573-585.
  • Pachamanov, R.A., Pachamanova, D.A., Tsankov, B. (2008). Optimal Resource Allocation in WiMax. Electrotechnica & Electronica. Vol: 43, Issue: 1-2, Page: 41-47. Union of Electronics, Electrical Engineering and Telecommunications (CEEC).
  • Pachamanov, A., Pachamanova, D. (2008). Optimization of the Light Distribution of Luminaries for Tunnel and Street Lighting. Engineering Optimization. Vol: 40, Issue: 1, Page: 47-65. Taylor & Francis.
  • Pachamanova, D.A., Tsankov, B., Pachamanov, R. (2008). Resource Planning for Voice over Wireless Both-Way Transmission Media. Radioengineering. Vol: 17, Issue: 1, Page: 78-81.
  • Bertsimas, D., Pachamanova, D.A. (2008). Robust Multiperiod Portfolio Management with Transaction Costs. Computers and Operations Research. Vol: 35, Issue: 1, Page: 3-17. Elsevier.
  • Ansari, S.L., Nanni, A.J., Pachamanova, D.A., Kopcso, D.P. (2008). Using Simulation to Model Customer Behavior in the Context of Customer Lifetime Value Estimation. INFORMS Transactions on Education. Vol: 9, Issue: 1, Page: 1-10. Institute for Operations Research and the Management Sciences (INFORMS). link
  • Hicks, C.B., Pachamanova, D.A. (2007). Back-Propagation of User Innovations: The Open Source Compatibility Edge. Business Horizons. Vol: 50, Issue: 4, Page: 315-324.
  • Truman, G., Pachamanova, D.A., Goldstein, M. (2007). InterCon Travel Health Case Study. Journal of the Academy of Business Education. Vol: 8, Issue: Summer, Page: 17-32.
  • Tsankov, B., Pachamanov, R.A., Pachamanova, D.A. (2007). Modified Brady Voice Traffic Model for WLAN and WMAN. Electronics Letters. Vol: 43, Issue: 23, Page: 1295-1297 .
  • Fabozzi, F.J., Kolm, P.N., Pachamanova, D.A., Focardi, S.M. (2007). Robust Portfolio Optimization: Recent Trends and New Directions. Journal of Portfolio Management. Vol: 33, Issue: 3.
  • Pachamanova, D.A. (2006). Handling Parameter Uncertainty in Portfolio Risk Minimization: The Robust Optimization Approach. Journal of Portfolio Management. Vol: 32, Issue: 4, Page: 70-78.
  • Pachamanova, D.A. (2006). Introducing Integer Modeling with Excel Solver. INFORMS Transactions on Education. Vol: 7, Issue: 1, Page: 89-99.
  • Hicks, C.B., Pachamanova, D.A. (2005). Metamodeling with Perl and AMPL. Dr. Dobb’s Journal: Software Tools for the Professional Programmer. Vol: 30, Issue: 1, Page: 16-22.
  • Bertsimas, D., Pachamanova, D., Sim, M. (2004). Robust Linear Optimization under General Norms. Operations Research Letters. Vol: 32, Issue: 6, Page: 510-516.

Books

  • Pachamanova, D.A., Fabozzi, F.J. (2016). Portfolio Construction and Analytics. J. Wiley & Sons. link
  • Pachamanova, D.A., Fabozzi, F.J. (2010). Simulation and Optimization in Finance: Modeling with MATLAB, @RISK, or VBA. Page: 800. J. Wiley & Sons. link
  • Fabozzi, F.J., Kolm, P.N., Pachamanova, D.A., Focardi, S.M. (2007). Robust Portfolio Optimization and Management. J. Wiley & Sons. link

Cases and Teaching Notes

  • Kopcso, D.P., Pachamanova, D.A. (2018). Managing Staffing Inefficiencies Using Analytics (B). Vol: 19, Issue: 1, Page: 36-42. INFORMS. link
  • Pachamanova, D.A. (2015). Managing Staffing Inefficiencies Using Analytics. Vol: 16, Issue: 1, Page: 23. INFORMS Transactions on Education. link
  • Nanni, A.J., Pachamanova, D.A., Shanks, J.E. (2010). Even' Star Organic Farm: IMA Educational Case Journal. Vol: 3, Issue: 3, Page: 1-4. Institute of Management Accountants.
  • Truman, G., Pachamanova, D.A., Goldstein, M.A. (2010). InterCon Travel Health Case Study (B): Journal of Information Systems Education. Vol: 21, Issue: 1.

Book Chapters

  • Pachamanova, D.A., Gulpinar, N., Canakoglu, E. (2016). Robust Approaches to Pension Fund Asset-Liability Management under Uncertainty: Optimal Financial Decision Making under Uncertainty. Springer International Publishing. link
  • Pachamanova, D.A. (2013). Robust Portfolio Selection: Wiley Encyclopedia of Operations Research and Management Science. Page: 1-12. Wiley.
  • Pachamanova, D.A., Fabozzi, F.J. (2012). Equity Portfolio Selection Models in Practice: The Encyclopedia of Financial Models. Vol: 2, Page: 6187. Wiley.
  • Pachamanova, D.A., Fabozzi, F.J. (2012). Introduction to Financial Modeling with MATLAB: The Encyclopedia of Financial Models. Vol: 3, Page: 417448. Wiley.
  • Pachamanova, D.A., Fabozzi, F.J. (2012). Introduction to Visual Basic: The Encyclopedia of Financial Models. Vol: 3, Page: 449-468. Wiley.
  • Pachamanova, D.A., Fabozzi, F.J. (2012). Modeling Asset Price Dynamics: The Encyclopedia of Financial Models. Vol: 1. Wiley.
  • Pachamanova, D.A. (2012). Monte Carlo Simulation in Finance: The Encyclopedia of Financial Models. Vol: 3, Page: 637652. Wiley.
  • Pachamanova, D.A., Kolm, P.N., Fabozzi, F.J., Focardi, S.M. (2012). Robust Portfolio Optimization: The Encyclopedia of Financial Models. Vol: 3, Page: 137147. Wiley.
  • Pachamanova, D., Fabozzi, F.J. (2011). Equity Portfolio Selection in Practice: Equity Valuation and Portfolio Management. Page: 441-482. J. Wiley & Sons.
  • Pachamanova, D.A., Fabozzi, F.J. (2011). Modeling Asset Price Dynamics: The Theory and Practice of Investment Management: Asset Allocation, Valuation, Portfolio Construction, and Strategies. Issue: 2, Page: 125-158. J. Wiley & Sons.
  • Pachamanova, D.A. (2008). Monte Carlo Simulation in Finance: Handbook of Finance. Vol: 3. J. Wiley & Sons.
  • Kolm, P.N., Fabozzi, F.J., Focardi, S.M., Pachamanova, D.A. (2008). Quantitative Investment Management Today and Tomorrow: Handbook of Finance. Vol: 3. J. Wiley & Sons.
  • Pachamanova, D.A., Kolm, P.N., Fabozzi, F.J., Focardi, S.M. (2008). Robust Portfolio Optimization: Handbook of Finance. Vol: 3. J. Wiley & Sons.

Conference Proceedings

  • Nanni, A.J., Pachamanova, D.A., Shanks, J.E. (2008). Even'Star Organic Farm: A Case Study.
  • Pachamanov, R., Pachamanova, D.A., Tsankov, B. (2007). An Optimization-Based Admission Control Method for IEEE 802.16 Wireless Networks.
  • Snow, T., Pachamanova, D.A. (2007). What Drives the Demand for In-Vitro Fertilization? A Multivariate Statistical Analysis of teh Utilization of Assisted Reproductive Technologies in the United States: 1995-2004. Vol: 88, Page: S252.

Presentations

  • Drivers of Commercial Value for Healthcare Innovations Pachamanova, D. Erzurumlu, S. 2018 INFORMS Annual Meeting, Phoenix, AZ (2018)
  • The Medicare Hospital Readmissions Reduction Program: Consequences for Vulnerable and High-Risk Populations Gai, Y. Pachamanova, D. Babson Faculty Research Discussion, Wellesley, MA (2018)
  • From Predictive Uplift Modeling to Prescriptive Uplift Analytics Pachamanova, D. Lo, V. Babson Faculty Research Day, Babson College (2017)
  • Trends in Portfolio Construction and Analytics Pachamanova, D. Industrial-Academic Workshop on Optimization in Finance and Risk Management, Toronto, CA (2015)
  • Recent Computational Trends and Opportunities in Equity Portfolio Optimization Pachamanova, D. APMOD 2014, Warwick, UK (2014)
  • R Workshop Pachamanova, D. Babson College Graduate School Business Analytics Students' Club, Wellesley, MA (2013)
  • Constructing Risk Measures from Uncertainty Sets Pachamanova, D. Best of Women in ORMS session, INFORMS , Phoenix, AZ (2012)
  • Tractable Asset-Liability Management Pachamanova, D. Session on Optimization in Finance, INFORMS , Phoenix, AZ (2012)
  • Skewness-Aware Asset Location Pachamanova, D. International Symposium on Mathematical Programming (ISMP) , Berlin, Germany (2012)
  • Robust Portfolio Optimization Pachamanova, D. Fidelity Investments, Strategic Advisors Group, Boston, MA (2009)
  • Robust Portfolio Optimization: Recent Trends and New Directions Pachamanova, D. Univeristy of Warwick Buisness School, Coventry, UK (2008)
  • Even’ Star Organic Farm Nanni, A. Pachamanova, D. Shanks, J. American Accounting Association-Management Accounting Section International Case and Research Conference, Long Beach, CA (2008)
  • Robust Portfolio Optimization: Recent Trends and New Opportunities Pachamanova, D. QWAFAFEW Monthly Meeting, Boston (2007)
  • What Drives the Demand for In-Vitro Fertilization? A Multivariate Statistical Analysis of the Utilization of Assisted Reproductive Technologies in the United States: 1995-2004 Snow, T. Pachamanova, D. Annual Meeting of the American Society for Reproductive Medicine, Washington, DC, USA (2007)
  • Robust Optimization: Applications for Risk Management and New Directions Pachamanova, D. Bentley College Math Department Seminar Series, Waltham, MA (2007)
  • An Optimization-Based Admission Control Method for IEEE 802.16 Wireless Networks Pachamanov, R. Pachamanova, D. Tsankov, B. IEEE Africon 2007 Conference , Namibia (2007)
  • Constructing Risk Measures from Uncertainty Sets Pachamanova, D. Sim, M. Natarajan, K. ICCOPT-MOPTA Conference on Continuous Optimization, Hamilton, Ontario, Canada (2007)
  • Robust Optimization and Portfolio Risk Measures Pachamanova, D. Natarajan, K. Sim, M. EUROXXII Operational Research Conference, Prague, Czech Republic (2007)
  • Introducing Integer Modeling with Excel Solver Pachamanova, D. INFORMS Annual Meeting, Pittsburgh, PA (2006)
  • Tractable Parametric VaR Optimization Natarajan, K. Pachamanova, D. Sim, M. INFORMS Annual Meeting, Pittsburgh, PA (2006)
  • A Tractable Probabilistic Approach to VaR Optimization Pachamanova, D. Natarajan, K. Sim, M. , . EUROXXI Operational Research Conference, Reykjavik, Iceland (2006)
  • An Optimization Model for Control of Tunnel Lighting Using Power Line Carrier Communication Pachamanova, D. Pachamanov, A. Balkan Light'05 Conference, Cluj, Romania (2005)
  • The Profitability of Home Equity Protection Pachamanova, D. Malloy, T. Allietta, M. INFORMS Annual Meeting, Denver, CO (2004)
  • Robust Portfolio Shortfall Minimization Pachamanova, D. Lombardi, R. EURO XX Operational Research Conference, Rhodes, Greece (2004)
  • Robust Optimization: Norms, Convexity, and Applications Bertsimas, D. Pachamanova, D. Sim, M. INFORMS Annual Meeting, San Jose, CA (2003)
  • An Optimization Model for Determining the Optimal Voltage Regime in Industrial Electric Power Supply Systems Pachamanova, D. Pachamanov, A. Bibev, D. Balkan Conference on Electric Supply and Equipment Conference, Sofia, Bulgaria (2003)
  • Robust Multiperiod Portfolio Management with Transaction Costs Pachamanova, D. Bertsimas, D. Euro-INFORMS Meeting, Istanbul, Turkey (2003)
  • Dimming of Artificial Lighting in Threshold and Transition Zones of Road Tunnels Pachamanova, D. Pachamanov, A. Pregyov, B. Ratz, N. Balkan Light'02 Conference , Istanbul, Turkey (2002)
  • Optimization of Artificial Lighting in Road Tunnels Pachamanova, D. Pachamanov, A. Pregyov, B. Balkan Light'02 Conference, Istanbul, Turkey (2002)
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Additional Links

Professional Services

  • Member INFORMS Continuing Education Committee (2013 - 2019)
  • Guest Editor, Special Issue on Non-Convex Portfolio Optimization The Engineering Economist (2018 - 2019)
  • Committee Member 2019 INFORMS Student Analytics Competition (2018 - 2019)
  • Member, Organizing Committee 2019 INFORMS Student Analytics Competition (2018 - 2018)
  • Competition Judge 2018 INFORMS Student Analytics Competition (2018 - 2018)