Hu Jianqiang

Management Science

Add: Guoshun Road Siyuan Building Room 508, Siyuan Building

Tel: 25011177(TEL)

E-mail: hujq@fudan.edu.cn

Research Field: Monte Carlo Simulation, Stochastic Optimization, Healthcare, Financial Derivative Pricing and Risk Management, Supply Chain Management

Website:

Teacher information

Achievements in scientific research

Academic activities and community service

Academic Posts

2008.01—,associate editor,Automatica

Academic Conferences

2009.08, 2009 INFORMS International Conference on Service Science, Hong Kong SAR

2005.10, 2005 MILCOM, Atlantic City, NJ

2004.12, 2004 43rd IEEE Conference on Decision and Control (CDC), Nassau,Bahamas

2004.12, 2004 Winter Simulation Conference,, Hong Kong

2004.03, INFOCOM 2004 23 Annual Joint Conference of the IEEE Computer and Communications Societies, Hong Kong

2003.10, 3rd IEEE Workshop on IP Operations and Management,

1999.12, Proceedings of the 38th IEEE Conference on Decision and Control, Phoenix, AZ

1999.04, Proceedings of the 1999 Enabling Technology for Simulation Science III, Orlando, FL

Case

Jianqiang Hu，Zhiyong Gao, Jointown Pharmaceutical Group:Supply Chain Integration Solution, , 2012

Journal Papers

1.	Hao Cao, Jian-Qiang Hu, and Jiaqiao Hu. 2025. Black-box CoVaR and its gradient estimation. INFORMS Journal on Computing forthcoming 1–18.

2.	Hao Cao, Jian-Qiang Hu, and Teng Lian. 2025. Blackbox simulation optimization. Journal of the Operations Research Society of China 13 723-749.

3.	Weimin Dai, JianQiang Hu, and Lei Lei. 2025. Generating copula-correlated random variables: A sequential acceptance-rejection method. Naval Research Logistics 72(4) 606-620.

4.	Jun Tong, Jiahua Zhang, Chenbo Zhu, Jian-Qiang Hu, and Jian Luo. 2025. The interplay of organizational structure and strategic inventory under supply chain competition. Production and Operations Management forthcoming 1-15.

5.	Cheng Zhang, Lixian Qian, Wen Yu, Jian-Qiang Hu, and Xiongwen Lu. 2025. When Omicron knocks at door: An inverted U-shape relationship between virus proximity and prosocial behavior. Fundamental Research 5(3) 1233-1245.

6.	Tianxiang Wang, Jie Xu, Juergen Branke, Jian-Qiang Hu, and Chun-Hung Chen. 2025. Ranking and selection with two-stage decision. European Journal of Operational Research 322(1) 121-132.

7.	Hao Cao, Jian-Qiang Hu, Teng Lian, and Xiangyu Yang. 2025. Infinitesimal perturbation analysis (IPA) derivative estimation with unknown parameters. Automatica 174 1-13.

8.	Junkai Hu, Li Xia, Jianqiang Hu, and Haoran Wu. 2025. Economical and reliable energy management for networked microgrids in a multi-agent collaborative manner. IEEE Transactions on Automation Science and Engineering 22 8659-8669.

9.	Mingjie Hu, Jie Xu, Chun-Hung Chen, and Jian-Qiang Hu. 2025. Optimal computation budget allocation with Gaussian process regression. European Journal of Operational Research 322(1) 147-156.

10.	Yanfeng Wu and Jian-Qiang Hu. 2025. Method of moments estimation for the superposition of square-root diffusions. Probability in the Engineering and Informational Sciences 39(1) 23-43.

11.	Xiangyu Yang, Jianghua Zhang, Jian-Qiang Hu, and Jiaqiao Hu. 2024. Nonparametric multi-product dynamic pricing with demand learning via simultaneous price perturbation. European Journal of Operational Research 319(1) 191-205.

12.	Qixin Wang and Jian-Qiang Hu. 2024. Queues with correlated inter-arrival and service times. Queueing Systems 108 1-30.

13.	Xiangyu Yang, Jiaoqiao Hu, and Jianqiang Hu. 2024. Relative Q-learning for average-reward Markov decision processes with continuous states. IEEE Transactions on Automatic Control 69(10) 6545-6560.

14.	Zhenzhen Jia, Weimin Dai, and Jianqiang Hu. 2024. Correlated queues with inter-arrival times depending on service times. Asia-Pacific Journal of Operational Research 41(3) 1-23.

15.	Jiaqiao Hu, Xiangyu Yang, Jian-Qiang Hu, and Yijie Peng. 2024. A Q-learning algorithm for Markov decision processes with continuous state spaces. Systems & Control Letters 187 105782.

16.	Zhenzhen Jia, Jianqiang Hu, Teng Lian, Lixian Qian, Wen Yu, and Cheng Zhang. 2023. The impact of community nucleic acid testing on infection in residential compounds during a city-wide lockdown.. Scientific Reports 13 1-7.

17.	Weimin Dai, Jian-Qiang Hu, and Chenbo Zhu. 2023. A gradient-based method to calculate (s,S) policies. Operations Research Letters 51(4) 468-473.

18.	Lei Lei, Yijie Peng, Michael C. Fu, and Jian-Qiang Hu. 2023. Copula sensitivity analysis for portfolio credit derivatives. European Journal of Operational Research 308(1) 455-466.

19.	Jian-Qiang Hu and Teng Lian. 2023. On comparison of steady-state infinitesimal perturbation analysis and likelihood ratio derivative estimates. Discrete Event Dynamic Systems 33(2) 95-104.

20.	Tianxiang Wang, Jie Xu, Jian-Qiang Hu, and Chun-Hung Chen. 2023. Efficient estimation of a risk measure requiring two-stage simulation optimization. European Journal of Operational Research 305(3) 1355-1365.

21.	Yan-Ying Zhao, Pei-Wen Yu, and Jian-Qiang Hu. 2023. Strategic admission behavior and its implications: evidence from a cardiac surgery department. Journal of the Operations Research Society of China 11(1) 29-49.

22.	Yanfeng Wu, Jianqiang Hu, and Xiangyu Yang. 2022. Moment estimators for parameters of Levy-driven Ornstein-Uhlenbeck processes. Journal of Time Series Analysis 43(4) 610-639.

23.	Weimin Dai, Jian-Qiang Hu, and Lei Lei. 2022. Discrete-event stochastic systems with correlated inputs: Modeling and performance evaluation. Frontiers of Engineering Management 9(2) 214-220.

24.	Lei Lei, Jian-Qiang Hu, and Chenbo Zhu. 2022. Discrete-event stochastic systems with copula correlated input processes. IISE Transactions 54(4) 321-331.

25.	Weimin Dai and Jian-Qiang Hu. 2022. Correlated queues with service times depending on inter-arrival times. Queueing Systems 100 41-60.

26.	Tianxiang Wang, Peiwen Yu, and Jianqiang Hu. 2022. Admission control game with capacity borrowing. Production and Operations Management 31(2) 547-560.

27.	Tianxiang Wang, Jie Xu, Jian-Qiang Hu, and Chun-Hung Chen. 2021. Optimal computing budget allocation for regression with gradient information. Automatica 134 1-11.

28.	Xiangyu Yang, Yanfeng Wu, Zeyu Zheng, and Jian-Qiang Hu. 2021. Method of moments estimation for lévy-driven ornstein–uhlenbeck stochastic volatility models. Probability in the Engineering and Informational Sciences 35(4) 975-1004.

29.	Yanying Zhao, Ioannis Ch. Paschalidis, and Jianqiang Hu. 2021. The impact of payer status on hospital admissions: evidence from an academic medical center. BMC Health Services Research 21 1-10.

30.	Peter W. Glynn, Yijie Peng, Michael C. Fu, and Jian-Qiang Hu. 2021. Computing sensitivities for distortion risk measures. INFORMS Journal on Computing 33(4) 1520-1532.

31.	Cheng Zhang, Lixian Qian, and Jianqiang Hu. 2021. COVID-19 pandemic with human mobility across countries. Journal of the Operations Research Society of China 9 229–244.

32.	Tianxiang Wang, Jie Xu, and Jian-Qiang Hu. 2021. A study on efficient computing budget allocation for a two-stage problem. Asia-Pacific Journal of Operational Research 38(2) 1-20.

33.	Yijie Peng, Chun-Hung Chen, Michael C. Fu, Jian-Qiang Hu, and Ilya O. Ryzhov. 2021. Efficient sampling allocation procedures for optimal quantile selection. INFORMS Journal on Computing 33(1) 230-245.

34.	Peter W. Glynn, Lin Fan, Michael C. Fu, Jian-Qiang Hu, and Yijie Peng. 2020. Technical note—central limit theorems for estimated functions at estimated points. Operations Research 68(5) 1557-1563.

35.	Jianqiang Hu, Tianxiang Wang, Wenwei Hu, and Jun Tong. 2020. The impact of trading restrictions and margin requirements on stock index futures. Journal of Futures Markets 40(7) 1176-1191.

36.	Chenbo Zhu and Jianqiang Hu. 2020. Revenue management games with government mandate. Omega 93 1-17.

37.	Zhenyu Cui, Michael C. Fu, Jian-Qiang Hu, Yanchu Liu, Yijie Peng, and Lingjiong Zhu. 2020. On the variance of single-run unbiased stochastic derivative estimators. INFORMS Journal on Computing 32(2) 390-407.

38.	Derui Wang, Yanfeng Wu, Jian-Qiang Hu, Miaomiao Liu, Peiwen Yu, Cheng Zhang, and Yan Wu. 2019. Flight schedule recovery: A simulation-based approach. Asia-Pacific Journal of Operational Research 36(6) 1-19.

39.	Jun Tong, Jian-Qiang Hu, and Jianxin You. 2019. Asynchronous algorithms for computing equilibrium prices in a capital asset pricing model. Asia-Pacific Journal of Operational Research 36(5) 1-17.

40.	Yijie Peng, Jie Xu, Loo Hay Lee, Jianqiang Hu, and Chun-Hung Chen. 2019. Efficient simulation sampling allocation using multifidelity models. IEEE Transactions on Automatic Control 64(8) 3156-3169.

41.	Yanfeng Wu, Jianqiang Hu, and Xinsheng Zhang. 2019. Moment estimators for the parameters of Ornstein-Uhlenbeck processes driven by compound Poisson processes. Discrete Event Dynamic Systems 29(1) 57-77.

42.	Yijie Peng, Chun-Hung Chen, Michael C. Fu, and Jian-Qiang Hu. 2018. Gradient-based myopic allocation policy: An efficient sampling procedure in a low-confidence scenario. IEEE Transactions on Automatic Control 63(9) 3091-3097.

43.	Yijie Peng, Michael C. Fu, Jian-Qiang Hu, and Bernd Heidergott. 2018. A new unbiased stochastic derivative estimator for discontinuous sample performances with structural parameters. Operations Research 66(2) 487-499.

44.	Lei Lei, Yijie Peng, Michael C. Fu, and Jian-Qiang Hu. 2018. Applications of generalized likelihood ratio method to distribution sensitivities and steady-state simulation. Discrete Event Dynamic Systems 28(1) 109–125.

45.	Chenghu Ma, Jianqiang Hu, and Yifan Xu. 2018. Margins on short sales and equilibrium price indeterminacy. Journal of Mathematical Economics 74 79-92.

46.	Jun Tong, Jianqiang Hu, and Jiaqiao Hu. 2017. A computational algorithm for equilibrium asset pricing under heterogeneous information and short-sale constraints. Asia-Pacific Journal of Operational Research 34(5) 1-16.

47.	Jun Tong, Jiaqiao Hu, and Jianqiang Hu. 2017. Computing equilibrium prices for a capital asset pricing model with heterogeneous beliefs and margin-requirement constraints. European Journal of Operational Research 256(1) 24-34.

48.	Chenbo Zhu, Jie Xu, Chun-Hung Chen, and Jianqiang Hu. 2016. Balancing search and estimation in random search based stochastic simulation optimization. IEEE Transactions on Automatic Control 61(11) 3593-3598.

49.	Yijie Peng, Michael C. Fu, and Jianqiang Hu. 2016. Gradient-based simulated maximum likelihood estimation for stochastic volatility models using characteristic functions. Quantitative Finance 16(9) 1393-1411.

50.	Jianqiang Hu, Cheng Zhang, and Chenbo Zhu. 2016. (s, S) Inventory systems with correlated demands. INFORMS Journal on Computing 28(4) 603-611.

51.	Yijie Peng, Chun-Hung Chen, Michael Fu, and J.Q. Hu. 2016. Dynamic sampling allocation and design selection. INFORMS Journal on Computing 28(2) 195-208.

52.	Yijie Peng, Michael Fu, and Jianqiang Hu. 2014. Gradient-based simulated maximum likelihood estimation for Lévy-driven Ornstein–Uhlenbeck stochastic volatility models. Quantitative Finance 14(8) 1399-1414.

53.	Yijie Peng, Chun-Hung Chen, Michael Fu, and Jianqiang Hu. 2013. Efficient simulation resource sharing and allocation for selecting the best. IEEE Transactions on Automatic Control 58(4) 1017-1023.

54.	Rachel Chen, Jianqiang Hu, and Yijie Peng. 2012. Simulation of Levy-Driven models and its application in finance. Numerical Algebra, Control and Optimization 2(4) 749-765.

55.	Zhu, Chenbo, J.Q. Hu, Fengchun Wang, Yifan Xu, and Rongzeng Cao. 2012. On the tour planning problem. Annals of Operations Research 192(1) 67-86.

56.	Min Chen, Jianqiang Hu, Michael C. Fu. 2010. Perturbation Analysis of a Dynamic Priority Call Center. IEEE Transactions on Automatic Control 55(5) 1191-1196.

57.	Michael C. Fu, L.Jeff Hong, Jianqiang Hu. 2009. Conditional Monte Carlo Estimation of Quantile Sensitivities. Management Science Vol.55(12) 2019-2027.

58.	Jianqiang Hu, Pirooz Vakili, Chenming Zhao. 2009. Revenue Maximisation in Networks with Capacity Constraints. International Journal of Revenue Management Vol.3(4) 371-392.

59.	Fu, M.C., Hu, J.Q., Chen, C.H. and Xiong, X.P.. 2007. Simulation Allocation for Determining the Best Design in the Presence of Correlated Sampling. INFORMS Journal on Computing Vol.19(1) 101-111.

60.	Hu, J.Q., Vakili, P., and Huang, L.. 2004. Capacity and Production Management in a Single Product Manufacturing Systems. Annals of Operation Research Vol.125 191-204.

61.	Hu, J.Q.. 2003. Diverse Routing In Mesh Optical Networks. IEEE Transactions on Communications Vol.51(3) 489-494.

62.	Hu, J.Q.. 2002. Traffic Grooming in Wavelength-division-multiplexing Ring Networks: a Linear Programming Solution. Journal of Optical Networking Vol.1(11) 397-408.

63.	Hu, J.Q.. 2002. Optimal Traffic Grooming for Wavelength-Division-Multiplexing Rings with All-to-All Uniform Traffic. Journal of Optical Networking Vol.1(1) 32-42.

64.	Girish, M. k., and Hu, J.Q.. 2001. Approximations for the Departure Process of the G/G/1 Queue with Markov-modulated Arrivals. European Journal of Operational Research Vol.134(3) 540-556.

65.	Girish, M., and Hu, J.Q.. 2000. Higher Order Approximations for the Single Server Queue with Splitting, Merging, and Feedback. European Journal of Operational Research Vol.124(2) 447-467.

66.	Girish, M., Hu, J.Q.. 1997. An Interpolation Approximation for the GI/G/1 Queue Based on Multi-Point Pade Approximation. Queuing Systems Vol.26 269-284.

67.	Hu, J.Q.. 1996. The Departure Process of The GI/G/1 Queue and Its MacLaurin Series. Operations Research Vol.44(5) 810-815.

68.	Girish, M., Hu, J.Q.. 1996. High Order Approximations for Tandem Queuing Networks. Queuing Systems Vol.22 249-276.

69.	L. Huang, J.Q. Hu, P. Vakili. 1996. Optimal Control of a Failure Prone Manufacturing System with the Possibility of Temporary Increase in Production Capacity. Springer-Verlag Vol.214 31-60.

70.	Hu, J.Q., Xiang, D.. 1995. Monotonicity of Optimal Flow Controls for Failure Prone Production Systems. Journal of Optimization Theory and Applications Vol.86(1) 57-71.

71.	Hu, J.Q.. 1995. Production Rate Control for Failure Prone Production Systems with No Backlog Permitted. IEEE Transactions on Automatic Control Vol.40(2) 291-295.

72.	Liberopoulos, G., Hu, J.Q.. 1995. On the Ordering of Hedging Points in a Class of Manufacturing Flow Control Models. IEEE Transactions on Automatic Control Vol.40(2) 282-286.

73.	Hu, J.Q.. 1995. Analyticity of Single–Server Queues in Light Traffic. Queuing Systems Vol.19(1-2) 63-80.

74.	Hu, J.Q., Vakili, P., Yu, G.X.. 1994. Optimality of Hedging Point Policy for Failure Prone Manufacturing Systems. IEEE Transactions on Automatic Control Vol.39(9) 1875-1880.

75.	Hu, J.Q., Xiang, D.. 1994. Structural Properties of Optimal Controllers for Failure Prone Manufacturing Systems. IEEE Transactions on Automatic Control Vol.39(3) 640-642.

76.	Fu, M.C., Hu, J.Q.. 1994. Smoothed Perturbation Analysis Derivative Estimation for Markov Chains. Operations Research Letters Vol.15(5) 241-251.

77.	Fu, M.C. ,Hu, J.Q.. 1994. (s, S) Inventory Systems with Random Lead Times: Harris Recurrence and Its Implication in Sensitivity Analysis. Engineering and Information Sciences Vol.8(3) 355-376.

78.	Hu, J.Q., Nananuku, S., Gong, W.B.. 1993. A New Approach to (s,S) Inventory Problems. Journal of Applied Probability Vol.30(4) 898-912.

79.	Hu, J.Q., Xiang, D.. 1993. The Queuing Equivalence to a Manufacturing System with Failures. IEEE Transactions on AC Vol.38(3) 499-502.

80.	Hu, J.Q., M. Zazanis. 1993. A Sample Path Analysis of M/GI/1 Queues with Workload Restrictions. Queuing Systems Vol.14(1-2) 203-213.

81.	Gong, W.B., Hu, J.Q.. 1992. The MacLaurin Series for the GI/G/1 Queue. Journal of Applied Probability Vol.29 176-184.

82.	Ho, Y.C., Hu, J.Q.. 1990. An Infinitesimal Perturbation Analysis Algorithm for a Multiclass G/G/1 Queue. Operations Research Letters Vol.9(1) 35-44.

83.	Jianqiang Hu and Weimin Dai. 2021. Taylor expansion method for queueing systems. Operations Research Transactions 25(3) 147-159. (in Chinese)

84.	Ruidi Chen, Yijie Peng, and Jianqiang Hu. 2013. Simulation of Lévy-driven models and its application in finance. Operations Research Transactions 17(1) 1-9. (in Chinese)

Conference Proceedings

1.	Xiangyu Yang, JianQiang Hu, Jiaqiao Hu, and Yijie Peng. 2020. Asynchronous value iteration for Markov decision processes with continuous state spaces. Proceedings of the 2020 Winter Simulation Conference Orlando, USA 2856-2866.

2.	Yijie Peng, Michael Fu, Jian-Qiang Hu, and Lei Lei. 2020. Estimating quantile sensitivity for financial models with correlations and jumps. Proceedings of the 219 Winter Simulation Conference National Harbor, USA 962-973.

3.	Yijie Peng, Michael C. Fu, Peter W. Glynn, and Jianqiang Hu. 2017. On the asymptotic anlysis of quantile sensitivity estimation by monte carlo simulation. Proceedings of the 217 Winter Simulation Conference Las Vegas, USA 2336-2347.

4.	Yijie Peng, Michael C. Fu, and Jianqiang Hu. 2016. On the Regularity Conditions and Applications for Generalized Likelihood Ratio Method. The 216 Winter Simulation Conference Washington D.C, USA 919-930.

5.	Yijie Peng, Chun-Hung Chen, Michael Fu, and J.Q. Hu. 2015. Non-monotonicity of probability of correct selection. Proceedings of the 215 Winter Simulation Conference 3678-3689.

6.	Chenbo Zhu, Jie Xu, Chen, Chun-Hung, Loo Hay Lee, and Jianqiang Hu. 2013. Determining the optimal sampling set size for random search. Proceedings of 213 Winter Simulation Conference 1016-1024.

7.	Yijie Peng, Chun-Hung Che, Michael Fu, and J.Q. Hu. 2013. Policy perspective of statistics selection procedure. Proceedings of the 213 Winter Simulation Conference 908-921.

8.	Hu, Yingjie, Jianqiang Hu, Yifan Xu, Fengchun Wang, and Rongzeng Cao. 2010. Contamination control in food supply chain. Baltimore 2678-2681.

9.	Hu, Jianqiang, Jun Tong, Tie Liu, Rongzeng Cao, and Bo Yang. 2010. A two-level loan portfolio optimization problem. Baltimore 2614-2619.

Papers in Books

Hu, J.Q..Mathematical Programming Approaches.In .Springer.USA,2008.

Hu, J.Q., E. Modiano.Traffic Grooming in WDM Networks.In .Emerging Optical Network Technologies.,2004.

Research Projects

2021.01—2025.12, Principal Investigator, Simulation in Market Design: Theory and Application, Major Project of National Natural Science Foundation of China

2018.01—2022.12, Principal Investigator, Simulation Optimization Theory and Its Applications in Complex Management Systems, National Natural Science Foundation of China

2017.11—2018.07, Co-PI, Big Data Analysis in Airline Flight Management, China Eastern Airlines Co. Ltd.

2016.01—2019.12, Principal Investigator, Simulation Optimization: Theory and Applications, National Natural Science Foundation of China

2015.11—2018.12, Co-PI, Big Data Driven Treatment for Heart Disease, Jointown Pharmaceutical Group

2014.06—2015.05, Principal Investigator, Simulation Based Methods and Their Applications to Manufacturing Systems, Samsung Electronics Co., Ltd

2011.12—2012.06, Principal Investigator, Implementation of Supplier Diversity Program, IBM Engzneering Technology（Shanghai）Co.,LTD.

2011.01—2012.12, Member, Simulation Based Model Reference Adaptive Search Method: Theory and Applications, National Natural Science Foundation of China

2011.01—2013.12, Principal Investigator, Combining Simulation and Optimization with Applications in Financial Risk Management, National Natural Science Foundation of China

2011.01—2013.12, Principal Investigator, Simulation Based Risk Management and Portfolio Optimization, National Natural Science Foundation of China

2010.06—2011.06, Principal Investigator, Risk Detection and Control in Food Supply Network, IBM China Research Institute

2009.10—2010.08, Principal Investigator, Risk Detection in Food Chain, IBM China Research Institute

2009.08—2010.08, Principal Investigator, Risk Management in the Financial Services Industry, IBM

2008.10—2009.08, Principal Investigator, Pharmaceutical Supply Chain in China: Challenges and Opportunities, CAPS Research Web site

2008.08—2009.08, Principal Investigator, Travel Service Ecosystem, IBM China Research Laboratory