Erol Peköz

Erol Peköz is a Professor and the Department Chair of the Operations and Technology Management Department in the Questrom School of Business. Working in the area of Quantitative Methods, Professor Peköz studies stochastic problems in Finance and Operations Management. His areas of research interest include applied probability, stochastic processes, queueing theory, rare events, Monte Carlo simulation, risk management statistics and operations management.

Professor Peköz has a BS degree from Cornell University, and MS and Ph.D degrees in Operations Research from University of California, Berkeley. He was a visiting researcher in the Department of Industrial Engineering and Operations Research at UC Berkeley from 2020-2021. Prior to coming to Boston University in 1999, Professor Peköz taught at UCLA and also at UC Berkeley, where he received an award for outstanding instruction. At Boston University he was awarded the 2001 Broderick Prize for Teaching, and was awarded tenure in 2003.

His work appears in academic journals such as Journal of Applied Probability, Statistics and Probability Letters, Queueing Systems: Theory and Applications, Probability in the Engineering and Informational Sciences, and Statistics in Medicine. He has conducted research funded by the Department of Health and Human Services, Agency for Healthcare Research and Quality, as well as by the the Robert Wood Johnson Foundation. He has also worked as a consultant. He has co-authored A Second Course in Probability (both first and second editions), and wrote The Manager’s Guide to Statistics (2020 edition). He is also a member of the grant review panel for the National Science Foundation.