Michael C. Caramanis

Michael C. Caramanis is Professor of Mechanical and Systems Engineering at Boston University and co-founder of Boston University’s Center for Information and Systems Engineering (CISE). He received a MS and a PhD in Engineering from Harvard University and a BS in Ch. E. from Stanford University. Professor Caramanis teaches in the areas of Stochastic Control, Supply Chains and Electric Power Markets, and the application domains of his research include active electricity grid enabled demand response and distributed renewable and other resource integration. He is recently focusing on the redesign and extension of whole sale power markets to (i) evaluate and manage participating asset (in particular reneable generation) risk and (ii) include distribution/retail participants. His other areas of research interest include Production Planning and Control of Manufacturing Systems Operating Under Uncertainty, Dynamic Scheduling of Production Systems, Enterprise Integration of Production System Planning and Control, Stochastic Control and Mathematical Programming, Power System planning and Probabilistic Production Costing, and Advanced Sustainable Building Design.  Professor Caramanis is widely published in the areas of supply chain control and in Power system capacity expansion, markets, demand response and operational planning, including co-authorship of Spot Pricing of Electricity Kluwer, 1988. Before joining Boston University he served as Associate Director of the Scientific Secretariat of the Greek National Energy Council (1976-1979), MIT Energy Laboratory Utility Systems Associate Director (1979-1982) , and during a recent leave as chair of the Greek Regulatory Authority for Energy and Investment Group Chair of the Brussels-based Energy Charter (2004-2008).