Department of Operations Research and Mathematical Economics

Operations research is dedicated to the search and creation of mathematical methods used in modeling decision-making processes. The results obtained in the field of operations research are applied in the formulation of decision-making procedures.

In a broad sense, operations research falls under the field of decision sciences. Hence, the applications of operations research within the realm of economic sciences are part of the discipline of management sciences.
The Department of Operational Research focuses on refining formal methods in operations research and their applications in finance and management.

In 1991 prof. dr hab. Edmund Ignasiak established the Department of Operations Research at the Faculty of Management of the Poznań Academy of Economics. The department originally brought together employees from the Department of Operations Research and some from the Department of Mathematics. Both of these mentioned departments previously operated within the structure of the Institute of Economic Cybernetics. In 2006 the Department of Operations Research was transferred to the Faculty of Informatics and Electronic Economy, and in 2019 it became part of the Institute of Informatics and Quantitative Economics.

The main research directions of the Department are: equilibrium and economic growth theory, turnpike theory, applications of optimal control theory in economics, modelling of cash and physical flows in the economy, macroeconomic models of the balance of payments and the exchange rates, economic convergence, technological progress in the economic growth theory, the new theory of growth, modelling of a research and development activity, human capital and knowledge as endogenous growth factors, object-oriented programming.

The Department of Mathematical Economics stems from the Econometrics Section established in 1965 at the Faculty of General Economics at the former Economic College in Poznań (Wyższa Szkoła Ekonomiczna). A Head of the Econometrics Section for 26 years (until 1991) was professor Zbigniew Czerwiński (1927-2010), one of the most distinguished polish scientists representing quantitative trends in economics comprising of: econometrics, mathematical economics, decision theory and economic cybernetics. The Econometrics Section The Department of Econometrics functioned as part of the Institute of Econometrics and Statistics (1969-1976) in the Faculty of Production Economics, and then as part of the Institute of Economic Cybernetics (1976- 1991) in the Fqaculty of Planning and Management.
In 1991 the Econometrics Section was divided into three Dapertments: of Econometrics, of Operations Research and of Mathematical Economics, which belonged to the Faculty of Economics of the Poznań Economic Academy (Akademia Ekonomiczna w Poznaniu). Since 2006 the Department of Mathematical Economics, along with other quantitative departments (of Econometrics, of Operations Research, of Applied Mathematics, os Statistics) and informatics departments (of Economic Informatics, of Information Technologies), functioned in the newly established Faculty of Informatics and Electronic Economy (Wudział Informatyki i Gospodarki Elektronicznej, WIGE), and from 2019, as part of the Institute of Informatics and Quantitative Economics, which replaced WIGE.
For 24 years (1991-2015) the Department of Mathematical Economics was led by prof. Emil Panek – rector of the University in 1996-2002, co-founder of WIGE and its first dean in 2006/2007-2015/2016. In 2015-2020 the Department was led by prof. dr hab. Piotr. Maćkowiak.

article (in Polish) about Professor Zbigniew Czerwiński in Wikipedia

• graph coloring, optimization on graphs and networks
• equitable distribution, stable associations
• decision-making under uncertainty
• scenario planning
• theory of economic growth and development
• financial econometrics
• quantitative finance
• corporate finance

Central European Journal of Operations Research, Annals of Operations Research, Theoretical Computer Science,

Journal of Mathematical Economics, Computational and Applied Mathematics, Discrete Mathematics,

Economics Letters, Acta Oeconomica, Emerging Markets Review,

Finance Research Letters, Research in International Business and Finance, Journal of International Financial Markets, Institutions & Money,

Physical Review E, Physica A: Statistical Mechanics and its Applications, Journal of Molecular Liquids

University of Primorska (Koper, Slovenia), InnoRenew CoE (Koper, Slovenia), University of Maribor (Maribor, Slovenia), University of Szeged (Szeged, Hungary), Paris 1 Panthéon-Sorbonne, Paris 2 Panthéon-Assas, Université de Lorraine (France), Université de Strasbourg, Université de Caen, Université de Rennes 1 (France), Université de Toulouse, Université de Nantes (France), UCL Louvain-la-Neuve (Belgium), Université de Liège (Belgium), ESFAM AUF (Sofia, Bulgaria)

University of Mazandaran (Babolsar, Iran), USJ de Beyrouth (Lebanon), Institute of Problems of Mechanical Engineering (St. Petersburg), School of Entrepreneurship and Business Administration (Kyrgyzstan), American University of Central Asia,

Brown University (USA), Université de Guyanne – Cayenne (French Guiana), UBO Santiago de Chile