Assistant Professor

Wesley J. Howe School Responsibilities

• Head, Financial Analytics Reserach Group
• Head, Economics and Performance Analysis in Telecom Research Team

Current Research

• Quantitative Finance, Financial Engineering, Risk Management
• Investment Analysis and Real Options in Telecommunications & IT
• Financials and Economics of Telecommunications
• Network Performance Analysis & Pricing of Services

Background

Dr. Fotios C. Harmantzis, born in Greece, earned his technical education at the Universities of Toronto, Pennsylvania and Crete, and his managerial education at Stern, Wharton and Rotman Business Schools. Prof. Harmantzis' research and teaching interests include quantitative finance, risk management, real options, economics of telecom, investment analysis in IT, and pricing of telecom networks services. Prof. Harmantzis has professional experience in the US, Canada and Europe, mainly in the financial services sector. He is a research associate at EDHEC-Risk and Asset Management research center in France and a Director at the Real Option Group (ROG).

Memberships

• American Finance Association (AFA)
• International Association of Financial Engineers (IAFE)
• International Telecommunications Society (ITS)
• Institute of Electrical and Electronics Engineers (IEEE)
• Institute for Operations Research and the Management Sciences (INFORMS)
• Financial Management Association (FMA) International
• Society of Quantitative Analysts (SQA)

Recent Books, Published Articles

Finance

1. Harmantzis, F., L. Miao, and Y. Chien (2006), “Empirical Study of Value-at-Risk and Expected Shortfall Models with Heavy Tails”, Journal of Risk Finance. Vol. 7, Issue 2, pp. 117-135.
2. Goldman, I., P. Dubovski, and F. Harmantzis (2005), “A Markov Model for Stocks with Small and Medium Market Capitalization”, Financial Letters, Volume 3, Issue 4.

 
Technology Investments & Business Models

3. Gunasekaran, V., F. Harmantzis and K. Ryan, “Strategic Investment Analysis for Migration beyond 3G Wireless Networks”, NETNOMICS: Economic Research and Electronic Networking.
4. Athwal, B., F. Harmantzis, and V. P. Tanguturi, “Valuing Hosted VoIP Services in the Enterprise Market: Case Application Using Real Options”, Forthcoming in International Journal of Technology Management.
5. Gunasekaran, V. and F. Harmantzis (2008), “Towards a Wi-Fi Ecosystem: Technology Integration and Emerging Service Models”, Journal of Telecommunications Policy, Vol. 32, Issues 3-4, pp. 163-181.
6. Tanguturi, V.P. and F. Harmantzis (2007), "Broadband spread in India: Strategic investment opportunities”, Journal of Technology in Society, Vol. 29, pp. 431-440.
7. Harmantzis, F. and V.P. Tanguturi (2007), “Investment decisions in wireless industry applying real options”, Journal of Telecommunications Policy, Vol. 31, No. 2, pp. 107-23.
8. Ramirez, W., F. Harmantzis, and V.P. Tanguturi (2007), “Valuing wireless data services solutions for corporate clients using real options”, International Journal of Mobile Communications, Vol. 5, No. 3, pp. 259-280.
9. Gunasekaran, V. and F. Harmantzis (2007), “Emerging wireless technologies for developing countries”, Journal of Technology in Society, Vol. 26, Issue 1, pp. 23-42.
10. Tanguturi, V.P. and F. Harmantzis (2006), “Migration to 3G wireless broadband internet and real options: The case of an operator in India”, Journal of Telecommunications Policy, Vol. 30, No. 7, pp. 400-419.
11. Gunasekaran, V. and F. Harmantzis (2006), “Financial assessment of citywide WiFi/WiMAX deployment”, Communications and Strategy, No. 63, 3rd Quarter, pp. 131-153.

 
Operations Research

12. Zghaibeh, M. and F. Harmantzis (2008), “A Lottery-based Pricing Scheme for Peer-to-Peer Networks”, Telecommunication Systems Journal, Vol. 37, No. 4, pp. 217-230.
13. Zghaibeh, M. and F. Harmantzis (2007), “An “S-String” Scheme for Business-Oriented Peer-to-Peer Networks”, Electronic commerce Research Journal, Vol. 7, No. 3-4, pp. 381-398.
14. Yaipairoj, S. and F. Harmantzis, “Achieving low-cost UMTS Networks via Pricing”, Forthcoming in NETNOMICS.
15. Yaiparoj, S., F. Harmantzis, and V. Gunasekaran (2008), “On the economics of GPRS networks with Wi-Fi integration”, European Journal of Operational Research, 187, pp. 1459-1475.
16. Yaiparoj, S. and F. Harmantzis (2006), “An auction-based pricing model for performance and revenue optimization in mobile data services”, Journal of Revenue and Pricing Management, Vol. 5, No. 1, pp. 32-44.

 
Engineering

17. Zghaibeh, M. and F. Harmantzis (2008), “Revisiting Free Riding and the Tit-for-Tat in BitTorrent: A Measurement Study”, Journal of Peer-to-Peer Networking and Applications, Vo. 1, No. 2, pp. 162-173.
18. Rahman, M. and F. Harmantzis (2008), “Gateway Performance for Network Controlled WLAN IP Mobility”, International Journal of Communication Systems, Vol. 20, Issue 12, pp. 1337-1365.
19. Rahman, M. and F. Harmantzis (2007), “Low-latency handoff inter-WLAN IP mobility with broadband network control”, Computer Communications, Vol. 30, No. 4, pp. 750-766.
20. Rahman, M. and F. Harmantzis (2006), “Broadband-facilitated inter-WLAN mobility architecture”, International Journal of Wireless Information Networks, Vol. 13, No. 3, pp. 173-192.
21. Laskin, N., I. Lambadaris, F. Harmantzis, and M. Devetsikiotis (2002), “Fractional Levy motion and its application to network traffic modeling”, Journal of Computer Networks, Vol. 40, No. 3, pp. 363-375.

 
Book Chapters

1. Gunasekaran, V. and F. Harmantzis, “Applications of Wi-Fi/WiMAX Technologies in the Emerging World”, Chapter 8 in WiMAX Applications, Edited by Dr. Ilyas and Dr. Ahsoin, Taylor and Francis, 2008.

Grants and Awards

• Networks, Electronic Commerce, and Telecommunications (NET) Institute, New York University
• Outstanding Research Faculty Award ('04-'05), Howe School
• Center for Technology Management Research (CTMR), Stevens Tech
• Wireless Network Security Center (WiNSeC), Stevens Tech
• Mobility Fund, Mathematics of Information Technology and Complex Systems (MITACS), Government of Canada
• Ontario Graduate Scholarship, Government of Canada
• Connaught Scholarship, University of Toronto
• Edward S. Rogers Sr. Scholarship, Dept. of Elect. & Comp. Eng., University of Toronto
• Teaching Fellowship, University of Pennsylvania
• Grant recipient of NATO¡¦s Advanced Study Institute
• Outreach grant from International House, New York City

Advisor for Doctoral Dissertations

• Manaf Zghaibeh, "On the Incentives and Economics of Peer-to-Peer Networks", December 2008.
  
• Vinoth Gunasekaran - Entrepreneur (India), "Techno-Economic Modeling of Public Wi-Fi Deployment", December 2007.
  
• Praveen Tanguturi - Institute for Infocomm Research (Singapore), "Strategic Investment Decisions in Telecommunications", September 2007.
  
• Moshiur Rahman - AT&T Labs (USA), "Inter-WLAN Mobility Management with Broadband-Accessed Network Control", May 2007.
• Saravut Yaipairoj - DTAC (Thailand), "Enhancing Performance of Mobile Services through Pricing Mechanisms", November 2006.

Advisor for Master's Theses

• Gregory J. Kaple - Integrated Management Services (Senior Partner, USA), "Identifying, Assessing and Analyzing Operational Risk within Information Technology", May 2005
  

Courses

• MGT 710 Risk Management - Methods and Application
• MGT 716 PHD Seminar in Telecommunications Management
• TM 605 Probability and Stochastic Processes for Telecommunications
• TM 770 Economics of Networks
• FE 620 Pricing and Hedging
• FE 621 Computational Methods in Finance
• FE 630 Portfolio Theory and Risk Management