John C. Butler
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Finance Department
McCombs School of Business
1 University Station Mail Code B6600
University of Texas at Austin
Austin, TX 78712
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Ph (512) 232 – 6821
Fax (512) 471 – 5073
butlerjc@mccombs.utexas.edu
www.johncbutler.com
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Education
- Ph.D. 1998 The University of Texas at Austin,
Management Science and
Information Systems
- B.B.A. 1991 Texas A&M University, Management
Information Systems
Academic Positions
- Clinical Associate Professor of Finance, University of Texas at
Austin, 2008-present
- Academic Director, Energy Management and Innovation Center, 2009
- present
- Associate Director, Center for Energy Finance Education and
Research, 2008
- Visiting Assistant Professor of Information and Operations Mgmt, Tulane
Univeristy, 2006 – 2008.
- Assistant Professor of Accounting and MIS, The Ohio State
University 1999 – 2006.
- Visiting Assistant Professor of Accounting and MIS, The Ohio State
University, 1998-1999
- Teaching Assistant, The University of Texas at Austin, 1991-1998
Publications
Refereed Articles
- Butler, J.C. and J. Grahovac, “Learning, Imitation, and the Use of
Knowledge: A Comparison of Markets, Hierarchies, and Teams,” Organization Science, forthcoming.
- Butler J.C., L. Lasdon, J. S. Dyer, L. Maiman, “Assigning Priests
to Parishes in West Texas,” Interfaces,
Vol. 39, No. 2, March-April 2009, pp. 133-144.
- Butler, J.C., J.S. Dyer, J.Jia, K. Tomak, “Enabling E-transactions
with Multiattribute Utility Theory,” European
Journal of Operational Research, Volume 186, No. 2, April 2008 pp.
748-765.
- Butler, J.C., J.S. Dyer and J. Jia, “Using Attributes to Predict
Objectives in Preference Models,” Decision
Analysis, Volume 3, No. 2, June 2006, pp. 100-116.
- Barki, R., E. Rolland, J.C. Butler and W. Fan, “Decision Support
System Induced Guidance for Model Formulation and Solution,” Decision Support Systems, Volume
40, No. 2, August 2005, pp. 269-281.
- Butler, J.C., J.S. Dyer, J. Jia, “An Empirical Evaluation of the
Assumptions of Risk-Value Models,” Journal
of Risk and Uncertainty, Volume 30, Issue 2, March 2005, pp. 133 -
156.
- Butler, J.C., A.N. Chebeskov, J.S. Dyer, T. Edmunds, J. Jia,
and V.I. Oussanov, “The United
States and Russia Evaluate Plutonium Disposition Options with
Multiattribute Utility Theory,” Interfaces,
Volume 35, No. 1., January-February 2005, pp. 88 - 101.
- Butler, J.C., D.J. Morrice, P. Mullarkey, “A Multiple Attribute
Utility Theory Approach to Ranking and Selection,” Management Science,
Volume 47, No. 6, June 2001, pp. 800-816.
- Jia, J., J.S. Dyer and J.C. Butler, “Generalized Disappointment
Models,” Journal of Risk and
Uncertainty, Volume 22, No. 1, January 2001, pp. 59-78.
- Butler, J.C. and J.S. Dyer,“Optimizing Natural Gas Flows with
Linear Programming and Scenarios,” Decision
Sciences, Volume 30, Number 2, Spring 1999, pp. 563-580.
- Butler, J.C. and D. Olson, “Comparison of the Centroid and
Simulation Approaches for Selection Sensitivity Analysis,” Journal of Multi-Criteria Decision
Analysis, Volume 8, No. 3, May 1999, pp. 146-161
- Jia, J., J.S. Dyer and J.C. Butler, “Measures of Perceived Risk,” Management Science, Vol. 45, No. 4,
April 1999, pp. 519-532.
- Dyer, J.S., T. Edmunds, J.C. Butler and J.Jia, “A Multiattribute Utility Analysis of
Alternatives for the Disposition of Surplus Weapons-grade Plutonium,” Operations Research, Vol. 46, No.
6, Nov-Dec 1998, pp. 749-762.
- Butler, J.C., J. Jia and J.S. Dyer, “Simulation Techniques for the
Sensitivity Analysis of Multi-criteria Decision Models,” European Journal of Operational
Research, Vol. 103, No. 3, Dec. 16, 1997, pp. 531-545.
- Paul, D.A., J.C. Butler, K. Pearlson, A. Whinston, “Modeling
Organizational Learning and Adaptability as Resource Allocation: An
Artificial Adaptive Systems Approach,” Computational
and Mathematical Organizational Theory, Vol. 2, No. 4, Winter 1996,
pp. 301-324.
Book Chapters
- Butler, J.C., A.N. Chebeskov, J.S. Dyer, T. Edmunds, J. Jia,
and V.I. Oussanov, “The Adoption of
Multi-attribute Utility Theory for the Evaluation of Plutonium Disposition
Options in the United States and Russia” Advances in Decision Analysis. W. Edwards, D. von Winterfeldt
and R. Miles, eds. Cambridge University Press, 2007.
- Jia,J., J.S. Dyer, J.C. Butler, “Axiomatic Measures of Risk and
Risk-Value Models” Encyclopedia of
Quantitative Risk Assessment, forthcoming
- Jia,J., J.S. Dyer, J.C. Butler,
“Axiomatic Models of Perceived Risk” Encyclopedia
of Quantitative Risk Assessment, forthcoming
Proceedings and Other Publications
- Morrice, D.J. and J.C. Butler, “Ranking and Selection with
Multiple ‘Targets’,” Proceedings of
the 2006 Winter Simulation Conference, 222-230.
- Morrice, D.J., J.C. Butler, P. Mullarkey, and S. Gaverneni,
“Sensitivity Analysis in Ranking and Selection for Multiple Performance
Measures,” Proceedings of the 1999
Winter Simulation Conference.
- Morrice, D.J., J.C. Butler and P. Mullarkey, “An Approach to
Ranking and Selection for Multiple Performance Measures,” Proceedings of the 1998 Winter
Simulation Conference.
- Paul, D.A., J.C. Butler,“Virtual Organization Performance and
Trust: A Computational Model,” with David Paul, INFORMS Conference on
Information Systems and Technology, May 1997.
- Dyer, J.S., T. Edmunds, J.C. Butler and J.Jia, “The Analysis and
Selection of Alternatives for the Disposition of Surplus Weapons-grade
Plutonium,” International Workshop on Decision Analysis Applications,
Madrid, Spain, July 1997.
- Dyer, J.S., T. Edmunds, J.C. Butler and J.Jia, “Analysis and
Selection of Alternatives for the Disposition of Surplus Plutonium,” Amarillo National Resource Center for
Plutonium Technical Report 1997-1. http://www.pu.org/main/reports/reports.html
- Dyer, J.S., T. Edmunds, J.C. Butler and J.Jia, “A Methodology for
the Analysis and Selection of Alternatives for the Disposition of Surplus
Plutonium,” Amarillo National Resource Center for Plutonium Technical
Report 1996-1. http://www.pu.org/main/reports/reports.html
Working Papers
- Morrice, D., J.R. Merrick and J.C. Butler , “Incorporating
Preferences in Ranking and Selection Procedures,” working paper.
- Jia, J., J.S. Dyer and J.C. Butler, “Ambiguous Risks and Insurance
Decisions,” working paper.
- Jia, J., J.S. Dyer and J.C. Butler, “I’m not MAD, I’m
Disappointed: Insights into Portfolio Optimization,” working paper.
Professional
Presentations
1. , “Individual Learning and Imitation and Organizational Knowledge,”
with J. Grahovac; Academy of Management Annual Meeting, August 2010.
2. “Assigning Priests to Parishes in West Texas” with L. Lasdon, J.S. Dyer and L.
Maiman;
INFORMS Annual Meeting, November, 2006.
3. “Fundamental
Objectives and Proxy Attributes in Preference Models,” with J. Dyer and J. Jia;
IFORS 2005, July, 2005.
4. “An Empirical
Investigation of Risk Value Theory,” with J. Dyer and J. Jia; INFORMS College
on Simulation, November, 2001.
5. “A Fully
Compensatory Model for Ranking and Selection for Multiple Performance
Measures,” with D.J. Morrice, and P. Mullarkey; INFORMS College on Simulation,
November, 2000.
- “Linking Preference with Information Retrieval,” INFORMS Decision
Analysis Track, May 2000.
- “Sensitivity Analysis in Ranking and Selection for Multiple
Performance Measures,” (co-author) with D.J. Morrice, P. Mullarkey and S.
Gaverneni; INFORMS College on
Simulation, November, 1999.
- “Measures of Risk for Preference Models,” UCI GSM Micro-Conference
on Operations and Decision Technologies, April 1998.
- “Comparison of the Centroid and Simulation Approaches for
Sensitivity Analysis of Multi-criteria Decision Models,” (co-author) MCDM
conference, Charlottesburg, VA April, 1998.
- “Evaluation of Alternatives for the Disposition of U.S. Surplus
Plutonium,” Invited Presentation, DSI Annual Conference, November, 1997.
- “A Multiattribute Utility Analysis of Alternatives for Plutonium
Disposition,” INFORMS Decision Analysis Cluster, October, 1997.
- “Selecting the Best of K Configurations of a System When
Performance is Measured by Multiple Attributes,” (co-author) INFORMS
College on Simulation, October, 1997.
- “Generalized Disappointment Models,” (co-author), FUR VII 8th
International Conference on the Foundations & Applications of Utility,
Risk and Decision Theory, Mons, Belgium, July 1997.
- “Reducing the Cognitive Load and Recognizing Judgmental Error in
Applications of Multiattribute Utility Theory Using Simulation,” Invited Presentation, Choice Engineering
Cluster, INFORMS, May 1997.
- “Measures of Perceived Risk,” with Jianmin Jia and James Dyer,
INFORMS Decision Analysis Track, May 1997.
- “Introduction to Decision Analysis” and “Introduction to
Real-options and Option Pricing,” with James Dyer, Schlumberger seminar on
OR/MS, April & May, 1997
- “A Methodology for the Analysis and Selection of Alternatives for
the Disposition of Surplus Plutonium,” (co-author) American Nuclear
Society 1996 Annual Meeting - June 21, 1996.
- “A Proposed Methodology for the Analysis and Selection of
Alternatives for the Disposition of Surplus Plutonium,” (co-author)
International Meeting on Military Conversion and Science “Utilization of
the Excess Weapon Plutonium: Scientific, Technological and Socio-Economic
Aspects” - Villa Olmo, Como, Italy - March 20, 1996.
Student Supervision
Ph.D. Committee Membership
- Tianyang Want, “Multivariate Real Options Valuation,” placed at
Colorado State University
- Saurabh Bansal,” Optimal Assortments of
Vertically Differentiated Products: Analytical Solution and Properties,”
placed at Pennsylvania State University
- Dale Stoel, “Antecedents and Consequences of Shared Understanding:
An Empirical Investigation,” placed at Miami (of Ohio) University
- James Wolf, “Friction and Trust in Electronic Markets,” placed at
Illinois State University
- Zhuo Cheng, “Essays in Electronic Direct Market Entry and
Inter-Industry Effects,” placed at Hong Kong Polytechnic Univeristy
- Neeraj Mittal, “Efficiency Enhancing Effects of IT Investment on
Other Factor Inputs and Accounting Identity Approach to the Value of IT,”
placed with India National Service
- Gautam Ray, “Information Systems and Competitive Advantage: A
Process-oriented Theory,” placed at The University of Texas at Austin,
2000
Teaching Experience
Courses Taught
- The University of Texas @ Austin
- Global Energy Transactions (co-listed with business, law and
geology), MBA, Fall 2010
- Energy Finance Practicum, MBA, Spring 2010, Spring 2011, Spring
2012
- Financial Strategies (Energy Focus), MBA, Fall 2008, Fall 2009,
Fall 2010, Fall 2011
- Financial Valuation, UG (Energy Finance / Quantiative Finance
Tracks), Fall 2008, Spring 2009, Fall 2009, Spring 2010, Fall 2010,
Spring 2011, Fall 2011, Spring 2012
- MIS304, Introduction to Programming/C++, UG; Fall 1997, Spring 1998
- STA309, Introduction to the Practice of Statistics, UG; Fall 1992, Spring 1993, Summer
1993
- Tulane University
- Advanced Spreadsheet Modeling (Excel & VBA), MBA, Fall 2007
- Business Modeling (Excel), UG, Spring 2007; Fall 2007
- Introduction to Operations Management / Process Management, UG,
Spring 2007
- The Ohio State University
- Fundamentals of Business Information Systems, UG; Fall
2004
- Introduction to MIS, MBA & Evening MBA; Fall
2000
- Introduction to Accounting and MIS, UG; Spring 1999 (honors), Spring 2002 (honors), Spring 2003
(honors), Winter 2004, Spring 2004 (honors), Spring 2005, Spring 2006
- Decision Support Systems, UG;
Spring 1999, Spring 2000, Spring 2001, Winter 2002, Spring 2003, Spring
2004, Spring 2005, Spring 2006Systems Analysis and Design, UG & MBA; Winter 1999, Fall 1999, Winter 2002, Winter 2003, Fall
2005
Teaching Assistant
- Two semesters of support for Ph.D. seminars and electives in
decision analysis. Spring 1994 and
Spring 1995
- Two semesters instructing executive MBA students in mathematical
analysis. Fall 1993 and Fall 1994
- Two semesters teaching labs in introduction to business statistics
for both undergraduates and MBAs.
In addition, helped develop a textbook covering the use of the
statistical package MINITAB. Fall
1991, Spring 1992
Awards and Honors
- MBA Applause Award (student nominated for contribution to
teaching), Fall 2008, Fall 2011.
- Finalist for 2004 INFORMS Franz Edelman Award for Outstanding
Practice
- Honorable Mention (2nd place) 2000 Practice Award
INFORMS Decision Analysis Society
- Fred Moore Award for Outstanding Instruction by a graduate
student, University of Texas
Grants and Fellowships
- Dean's Summer Research Fellowship, Ohio State University, 2004
- Investigator: NSF sponsored research on risk-value
structures of preferences - Summer 1999, 2000
- Project
Manager: A Methodology for the Selection of
Alternatives for the Disposition of Surplus Plutonium. Amarillo National Resource Center for
Plutonium in cooperation with the Office of Fissile Materials
Disposition/Department of Energy. @
$1,000,000
- Department of Management Science and Information Systems departmental
fellowship. Fall 1994 - Summer 1995
- Lechner Fellowship, Texas A&M University, Awarded 1986
Service
- Editorial Board Member Decision
Analysis, 2006 – present.
- Editorial Board Member Decision
Support Systems, 2000 – 2009.
- Ad hoc reviewer for Management
Science, Information Systems Research, Operations Research, INFORMS
Journal of Computing, Decision Analysis, Marketing Science, IEEE
Transactions, Journal of Multicriteria Decision Analysis, Society for
Petroleum Engineering.
- INFORMS related service
- Secretary/Treasurer, INFORMS Decision Analysis Society, 2006 – 2011.
- Co-chair, IFORS Decision Analysis Track, Honolulu, HI, July 2005.
- INFORMS Decision Analysis Society Council Member, 2001 - 2003.
- Judge for Decision Analysis Society Student Paper Competition, 2003.
- Chair of Decision Analysis Society Student Paper Competition,
2001 and 2002.
- Co-chair,
INFORMS Decision Analysis Track, San Antonio, November 2000.
o
Co-chair INFORMS Session “Information Systems and
Decision Analysis”, Salt Lake City, May 2000.
- Maintain World Wide Web Sites for Decision Analysis
Presentations, 1999–present.
- Education and Working Papers Editor, Decision Analysis Society,
Maintain World Wide Web storehouse of decision analysis syllabi and
course teaching materials, 1996 – present
- Undergraduate Programs Committee, Ohio State University.
- Review programmatic changes to undergraduate program and discuss
possible improvements.
Participated in sub-panel on role of electronic commerce in
college with faculty from MS/OM and Marketing. 1999 – 2006
- Served on university wide Graduate Research Committee at
University of Texas. Tasks included
defining university policy on intellectual property, particularly issues
related to disputes between professors and graduate students, Fall 1995
and Spring 1996.