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James Dyer

University of Texas at Austin

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About James

James Dyer is a distinguished professor in the Business & Economics faculty at the University of Texas at Austin's McCombs School of Business. He holds the Fondren Centennial Chair in Business and is in the Department of Information, Risk, and Operations Management. Dyer obtained his Bachelor of Arts degree in 1965 and his Doctor of Philosophy in 1969, both from the University of Texas at Austin. Following his graduate studies, he joined the faculty at the University of California, Los Angeles, before returning to UT Austin in 1979, where he has taught since.

Dyer's research focuses on decision analysis, risk management, multiattribute utility theory, multiple criteria decision making, real options valuation, risk-value models, and applications in energy finance, infrastructure projects, commodity price forecasts, power plant costs, land use options, and national security. His influential publications include "Interactive goal programming" (Management Science, 1972), "Measurable multiattribute value functions" (Operations Research, 1979), "Relative risk aversion" (Management Science, 1982), "Remarks on the analytic hierarchy process" (Management Science, 1990), "Multiple criteria decision making, multiattribute utility theory: the next ten years" (Management Science, 1992), "A standard measure of risk and risk-value models" (Management Science, 1996), "Using binomial decision trees to solve real-option valuation problems" (Decision Analysis, 2005), and "The United States and Russia evaluate plutonium disposition options with multiattribute utility theory" (Interfaces, 2005). Dyer has collaborated with scholars such as Peter C. Fishburn and Stanley Zionts. He has received the Frank P. Ramsey Medal (2002), Franz Edelman Award Finalist (2004), INFORMS Fellow (2006), and MCDM Society Edgeworth-Pareto Award for Lifetime Achievement (2006). He consults for RAND Corporation, Royal Dutch Shell, Schlumberger, and the U.S. Department of Energy, leads the Full Cost of Electricity Study at UT Energy Institute, and teaches executive education courses on strategic decision making and risk analysis in energy.

Professional Email: dyerjs@eid.utexas.edu

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