EMANUELE BORGONOVO

EMANUELE BORGONOVO
Full Professor
Department of Decision Sciences

Personal page


Courses a.y. 2015/2016

11102 DECISIONS AND UNCERTAINTY
20486 FONDAMENTI DI BUSINESS ANALYTICS / PRINCIPLES OF BUSINESS ANALYTICS
30179 INTERNATIONAL PROJECT FINANCE
40255 MODELS FOR RISK EVALUATION
40285 ADVANCED QUANTITATIVE METHODS FOR MANAGEMENT SCIENCE RESEARCH


Biographical note

PhD in Probabilistic Risk Assessment at the Massachusetts Institute of Technology, Cambridge (MA), USA, under the supervision of Prof. George E. Apostolakis. He has also attained advanced specialization courses at Harvard University and at MIT Sloan School of Management. He helds an MSc in Nuclear Engineering with specialization in Mathematics and Physics from the Politecnico di Milano.


Academic CV

Full Professor at the Department of Decision Sciences and Director of the Management Science Laboratory of SDA Bocconi Business School.

He's Director of Bachelor in Economics, Management and Computer Science (BEMACS).

He has been director of the ELEUSI Research Centre of Bocconi University from 2008 to 2012.

He is the present Chairman of the Technical Committee on Uncertainty Analysis of the European Safety and Reliability Association.

He is Editor of the European Journal of Operational Research.

He has won several national and international awards, among which the 2014 Best Risk Analysis Paper Award, the McCormack Fellowship of the Westinghouse Corporation (in 2000), the honorary memberhip of "Sigma XI, the Scientific Research Society of North America" and of "Alpha Nu Sigma, the Honorary Society of the American Nuclear Society," of which he was the president of its MIT Section. He has been awarded  the 2013 Best Referee Award of Risk Analysis, the 2013 Best Reviewer Award of Reliability Engineering and System Safety, the 2012 and 2010 best reviewer award of the European Journal of Operational Research and the 2012 Best Reviewer Award of Environmental Modelling and Software. He has won the Research Excellency Award of Bocconi University for nine consecutive years, 2006-2014.

He is author of several new sensitivity analysis methods, among which the Differential Importance Measure (DIM). DIM has been presented at the United States Nuclear Regulatory Commission in 2000 and, since 2002, is included in the "Probabilistic Risk Assessment Procedures Guide of NASA Managers and Practitioners".

He has been Guest Lecturer and invited speaker in conferences and workshops in several national and international universities. He has participated in and conducted several national and international research projects in cooperation with the Idaho Engineering National Laboratories, the Joint Research Center of the European Commission, Electricitè de France, Fitch Ratings S.p.A., SAS Institute, FIDIA Farmaceutici S.p.A..

He is member of the Editorial Board of Risk Analysis, Reliability Engineering and System Safety, International Journal of Mathematics in Operational Research, International Journal of Risk Management, International Journal of Business Logistics, International Journal of Service and Computing Oriented Manufacturing and Economia&Management. He cooperates as referee with several international journals.

He is the author of more than 100 publications. His works have appeared in international journals such as Journl of the Royal Statistica Society Series B, Management Science, Operations Research, European Journal of Operational Research, Risk Analysis, etc..


Research areas

Risk Analysis, Decision Analysis, Uncertainty and Global Sensitivity Analysis, Agent-Based Simulation.


Selected publications

Among the most recent ones:

Borgonovo E., Tarantola S., Plischke E., and Morris M.D., 2014: “Transformations and Invariance in the Sensitivity Analysis of Computer Experiments,” Journal of the Royal Statistical Society, Series B, forthcoming.

Baucells M. and Borgonovo E., 2013: “Invariant Probabilistic Sensitivity Analysis,” Management Science, 59 (11), pp. 2536-2549.

Borgonovo E. and Tonoli F., 2014: “Decision-Network Polynomials and the Sensitivity of Decision Support Models,” European Journal of Operational Research, forthcoming.

Plischke E., Borgonovo E. and Smith C.L., 2013: “Global Sensitivity Measures from Given Data,” European Journal of Operational Research, 226:536–550.

Borgonovo E. and Smith C.L.,2012; “Epistemic Uncertainty, Multilinearity and Risk Achievement Worth,” European Journal of Operational Research, 222(2), pp. 301-311.

Castaings W., Borgonovo E., Morris M.D. and Tarantola S., 2012: “Sampling Strategies in Density-Based Sensitivity Analysis,” Environmental Modelling & Software, 38, pp. 13-26.

Borgonovo E. and Tarantola S., 2012: “Advances in Sensitivity Analysis,” Editorial for the Special Issue “Advances in Sensitivity Analysis”, Reliability Engineering and System Safety, 107, pp. 1-2.

Borgonovo E., Zenter I., Pellegri, A., Tarantola, S., and de Rocquigny E., 2013: “On the importance of uncertain factors in seismic fragility assessment,” Reliability Engineering and System Safety, 109, pp. 66-76.

Borgonovo E. and Smith C.L., 2011: “A Study of Interactions in the Risk Assessment of Complex Engineering Systems: An Application to Space PSA,” Operations Research, 59(6), 1461-1476.

Borgonovo E. Castaings W. and Tarantola S., 2012: “Emulators in Moment Independent Sensitivity Analysis: An Application to Environmental Modelling,” Environmental Modelling&Software, 34, pp. 105-115.

M. Percoco and E. Borgonovo, 2011: “ A note on the sensitivity analysis of the internal rate of return,” International Journal of Production Economics, forthcoming.

Borgonovo E., 2010: “The Reliability Importance of Components and Prime Implicants in Coherent and Non-Coherent Systems Including Total-Order Interactions,” European Journal of Operational Research, 204, pp. 485–495.

Borgonovo E., 2010: “Sensitivity Analysis with Finite Changes: an Application to Modified EOQ Models”, European Journal of Operational Research, 200, pp. 127–138.

Borgonovo E. and Peccati L., 2011: “Finite Change Comparative Statics for Risk Coherent Inventories,” International Journal of Production Economics, forthcoming, 131(1),52-62.

Biava P.M., Basevi M., Biggiero L., Borgonovo A., Borgonovo E. and Burigana F.: Cancer cell reprogramming, 2011: stem cell differentiation stage factors and an agent based model to optimize cancer treatment, Current Pharmaceutical Biotechnology, 12(2), pp. 231-242.

Beccacece F. and Borgonovo E., 2011: “Function decomposition, monotonicity and ultramodularity: applications to multi-attribute utility theory”, European Journal of Operational Research, 210, 326-335.

Borgonovo E., W. Castaings and S. Tarantola, 2011: “Moment Independent Importance Measures: New Results and Analytical Test Cases,” Risk Analysis, 31 (3), pp. 404-428.

Borgonovo E., 2010: “A Methodology for Determining Interactions in PSA models by Varying One Parameter At-a-Time,” Risk Analysis, 30 (3), pp. 385-399.

Borgonovo E. and Percoco M., 2010: “Sensitivity Analysis of Portfolio Properties with Budget Constraints,” International Journal of Mathematics in Operational Research, forthcoming.

Borgonovo E., Gatti S. and Peccati L., 2010: “What Drives Value Creation? An Application of Sensitivity Analysis to Project Finance Transactions”, European Journal of Operational Research, 205 (1), pp. 227-236.

Borgonovo E. and L. Peccati, 2010: “Moment Calculation for Piecewise-Defined Functions: An Application to Stochastic Optimization with Coherent Measures of Risk”, Annals of Operations Research, 176 (1), pp. 235-258.

Borgonovo E. and L. Peccati, 2011: “Managerial Insights from Service Industry Models: a new scenario decomposition method,” Annals of Operations Research, 185(1), pp. 161-179.

Borgonovo E., 2008: “Sensitivity Analysis of Model Output with Input Constraints: A Generalized Rationale for Local Methods,” Risk Analysis, 28 (3) (June 2008), pp. 667-680.

Borgonovo E., 2008: “Epistemic Uncertainty in the Ranking and Categorization of Probabilistic Safety Assessment Model Elements: Issues and Findings,” Risk Analysis, 28 (4), pp. 983 - 1001.

Borgonovo E. and L. Peccati, 2009: “Financial Management in Inventory Problems: Risk Averse vs Risk Neutral Policies,” International Journal of Production Economics, 118 (1), pp. 233-242.

Borgonovo E., 2008: “Influence Diagrams”, Encyclopedia of Medical Decision Making, SAGE Editor,

Borgonovo E., 2008: “Differential Importance and Comparative Statics: An Application to Inventory Management,” International Journal of Production Economics, 111 (1) (January 2008), pp. 170-179.

Smith C.L. and Borgonovo E., 2007: “Decision Making During Nuclear Power Plant Incidents – A New Approach to the Evaluation of Precursor Events,” Risk Analysis, 27 (4), pp.1027-1042.

Borgonovo E., 2007: “A New Uncertainty Importance Measure”, Reliability Engineering and System Saftey, 92, pp. 771-784. doi:10.1016/j.ress.2006.04.015

Borgonovo E., 2007: “Differential, Criticality and Birnbaum Importance Measures: an Application to Basic Event, Groups and SSCs in Event Trees and Binary Decision Diagrams,” Reliability Engineering and System Safety, 92 (10), pp. 1458-1467.

Borgonovo E. and Peccati L., 2007: “Global Sensitivity Analysis in Inventory Management”, International Journal of Production Economics, 108 (1-2), pp. 302-313.

Borgonovo E., 2006: “Measuring Uncertainty Importance: Investigation and Comparison of Alternative Approaches,” Risk Analysis, 26 (5), pp. 1349-1362.

Borgonovo E. and L. Peccati, 2006: “Uncertainty and Global Sensitivity Analysis in the Evaluation of Investment Projects,” International Journal of Production Economics, 104 (1), pp. 62-73.

Borgonovo E. and L. Peccati, 2006: “The Importance of Assumptions in Investment Evaluation,” International Journal of Production Economics, 101 (2), pp. 298-311.

Borgonovo E. and G.E. Apostolakis, 2001: “A new importance measure for risk-informed decision making,” Reliability Engineering & System Safety, 72 (2), pp. 193-212.