Associate Professor of Operations, Information and Technology

• Ph.D., Massachusetts Institute of Technology
• M.Sc, University of Southern California
• B.Sc, National Technical University of Athens

Mihalis holds a PhD in Engineering from the Massachusetts Institute of Technology. His research focuses on pricing and revenue management, with a focus on the mobility sector, as well as on inventory and supply chain management. His work has been published in top academic journals, such as Management Science and Mathematics of Operations Research. He currently serves in the editorial board of Manufacturing & Service Operations Management.

Mihalis has held teaching positions at the London Business School, the Sloan School of Management, and the INSEAD Business School, as well as a research position at the Bell Labs. He is the recipient of the Ramón y Cajal and the Juan de la Cierva research fellowships from the Spanish government, and of the Leonardo fellowship from the BBVA Foundation.

Curriculum Vitae

Areas of interest

* Pricing and Revenue Management
* Transportation Economics
* Inventory and Supply Chain Management


Journal Articles (refereed)

MARKAKIS, M., TALLURI, K., TIKHONENKO, D. (2022). Sequential bidding for merging in algorithmic traffic. Manufacturing & Service Operations Management. doi:10.1287/msom.2022.1144. (Online first)
MARKAKIS, M., TALLURI, K., TIKHONENKO, D. (2022). Managing lane-changing of algorithm-assisted drivers. TRANSPORTATION RESEARCH PART C-EMERGING TECHNOLOGIES, 138, article 103586. doi:10.1016/j.trc.2022.103586.
CHOD, J., MARKAKIS, M., TRICHAKIS, N. (2021). On the learning benefit of resource flexibility. Management Science, 67 (10), 6513-6528. doi:10.1287/mnsc.2020.3795.
BIMPIKIS, K., MARKAKIS, M. (2019). Learning and Hierarchies in Service Systems. Management Science, 65 (3), 1268 - 1285. doi:10.1287/mnsc.2017.2976.
MARKAKIS, M., MODIANO, E., TSITSIKLIS, J. (2018). Delay Analysis of the Max-Weight Policy Under Heavy-Tailed Traffic via Fluid Approximations. Mathematics of Operations Research, 43 (2), 460 - 493. doi:10.1287/moor.2017.0867.
MARKAKIS, M., MODIANO, E., TSITSIKLIS, J. (2016). Delay Stability of Back-Pressure Policies in the Presence of Heavy-Tailed Traffic. IEEE-ACM TRANSACTIONS ON NETWORKING, 24 (4), 2046 - 2059. doi:10.1109/TNET.2015.2448107.
BIMPIKIS, K., MARKAKIS, M. (2016). Inventory Pooling Under Heavy-Tailed Demand. Management Science, 62 (6), 1800 - 1813. doi:10.1287/mnsc.2015.2204.
JAGANNATHAN, K., MARKAKIS, M., MODIANO, E., TSITSIKLIS, J. (2014). Throughput Optimal Scheduling Over Time-Varying Channels in the Presence of Heavy-Tailed Traffic. IEEE Transactions on Information Theory, 60 (5), 2896 - 2909. doi:10.1109/TIT.2014.2311125.
BORST, S., MARKAKIS, M., SANIEE, I. (2014). Nonconcave Utility Maximization in Locally Coupled Systems, With Applications to Wireless and Wireline Networks. IEEE-ACM TRANSACTIONS ON NETWORKING, 22 (2), 674 - 687. doi:10.1109/TNET.2013.2257181.
MARKAKIS, M., MODIANO, E., TSITSIKLIS, J. (2014). Max-Weight Scheduling in Queueing Networks With Heavy-Tailed Traffic. IEEE-ACM TRANSACTIONS ON NETWORKING, 22 (1), 257 - 270. doi:10.1109/TNET.2013.2246869.


MARTÍNEZ DE ALBÉNIZ, V., ECHAVE MARTÍNEZ, C. (2020). Big Data at the service of social inclusion.


MARKAKIS, M. (2023). Infinite Blue... With Finite Budget: Pricing a Cruise in the Aegean. IESE, OIT-7-E.
EGAÑA, J., MARKAKIS, M. (2023). Revenue Management Forensics in Adriatic Wings. IESE, OIT-8-E.
MARKAKIS, M. (2023). Casa Vicens: Pricing Strategy in Gaudí's First House. IESE, OIT-9-E.
MARKAKIS, M., SABRIÀ, F. (2023). Born in the U.S.A... and Priced by Ticketmaster: Bruce Springsteen and The E-Street Band 2023 Tour. IESE, OIT-6-E.
SABRIÀ, F., MARKAKIS, M., SÁEZ DE TEJADA CUENCA, A. (2022). Athena Luxury Purses. IESE, OIT-5-E.

Projects with external financing

• “Data-driven competitive advantage: the information edge in operations management,” co-PI Victor Martínez de Albéniz (2021-2024). Grant: PID2020-116135GB-I00 funded by:


• “Information processing and resource allocation in online markets and networks,” sole PI. (2016-2019).  Grant: ECO2016-75905-R funded by:


• “Smart-pricing solutions to relieve traffic congestion, exploiting new inter-vehicular communication,” co-PI Kalyan Talluri (2014-2016). Grant:  ECO2013-41131-R funded by Spanish Ministry of Economy and Competitiveness.


• “Licitación de posición dinámica para el tráfico algorítmico.” Leonardo Fellowship (2021-2022), funded by BBVA Foundation 2021-2022


• Ramón y Cajal Fellowship (2019-2023). Grant: RYC-2017-23656 funded by:


• Juan de la Cierva Fellowship (2017-2018). Grant: IJCI-2015-26417  funded by:


• COFUND Fellowship, Marie Curie Actions, European Commission 2013-2016