Dr. Fotios C. Harmantzis

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 ,"Empirical Study of Value-at-Risk and Expected Shortfall Models with Heavy Tails," Journal of Risk Finance. Vol. 7, Issue 2, pp. 117-135, 2006.
  2. Goldman, I., P. Dubovski, and F. Harmantzis, "A Markov Model for Stocks with Small and Medium Market Capitalization," Financial Letters, Volume 3, Issue 4, August 2005.
      
• Technology
   
1. Gunasekaran, V. and F. Harmantzis, "Towards a Wi-Fi Ecosystem: Technology Integration and Emerging Service Models", Forthcoming in Journal of Telecommunications Policy
2. Zghaibeh, M. and F. Harmantzis, “An "S-String" Scheme for Business-oriented Peer-to-Peer Networks”, (Forthcoming in Electronic Commerce Research Journal, 2007).
3. 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).
   
4. Harmantzis, F. and V.P. Tanguturi, “Investment decisions in wireless industry applying real options”, Journal of Telecommunications Policy, Vol. 31, No. 2, pp.107-23, 2007.
5. Gunasekaran, V. and F. Harmantzis, "Financial assessment of citywide WiFi/WiMAX deployment", Communications and Strategy, No. 63, 3rd Quarter, pp. 131-153, 2006.
   
6. Gunasekaran, V. and F. Harmantzis, "Emerging wireless technologies for developing countries", Journal of Technology in Society, Vol. 26, Issue 1, pp. 23-42, 2007.
   
7. Tanguturi, V.P. and F. Harmantzis, "Broadband spread in India: Strategic investment opportunities",  Journal of Technology in Society, Vol. 29, pp. 431-440, 2007.
8. Tanguturi, V.P. and F. Harmantzis, "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, 2006.
9. Ramirez, W., F. Harmantzis, and P. Tanguturi, "Valuing wireless data services solutions for corporate clients using real options", Int. J. Mobile Communications, Vol. 5, No. 3, pp. 259-280, 2007.
10. Yaiparoj, S., F. Harmantzis and V. Gunasekaran, "On the economics of GPRS Networks with Wi-Fi Integration," European Journal of Operational Research, 187, pp. 1459-1475, 2008.
11. Yaiparoj, S. and F. Harmantzis, "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, 2006.
12. Rahman, M. and F. Harmantzis, "Gateway Performance for Network Controlled WLAN IP Mobility”, (Forthcoming in International Journal of Communication Systems, 2006).
13. Rahman, M. and F. Harmantzis, "Low-latency handoff inter-WLAN IP mobility with broadband network control”, Computer Communications, Vol 30/4, pp. 750-766, 2007.
    
14. Rahman, M. and F. Harmantzis, "Broadband-facilitated inter-WLAN mobility architecture," International Journal of Wireless Information Networks, Vol. 13, No. 3, pp. 173-192, 2006.
15. Laskin, N., I. Lambadaris, F. Harmantzis, and M. Devetsikiotis, "Fractional Levy motion and its application to network traffic modeling," Journal of Computer Networks, Vol. 40, No. 3, pp. 363-375, 2002.
     
• For detailed information refer to the complete publication list and my SSRN page.

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

• 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