Dr Thanos E Goltsos

Senior Lecturer (Associate Professor) in Management Science

I hold an MEng in Mechanical Engineering (incl MSc in Industrial Management) from Aristotle University of Thessaloniki, an MSc in Business Analysis and Management (hons) from Loughborough University, and a PhD in operations management from the Management Science Laboratory of Athens University of Business and Economics.

My research and teaching interests revolve around forecasting and inventory control with a focus on the operations management side of the Circular Economy, (forward and) reverse supply chains, simulation, and optimisation.

Prior to my current role, I have been employed as a Research Associate with ASTUTE (first on 2014 and then again on a followup project in 2019), working on numerous projects with industry around forecasting and inventory control optimisation applications. In between, I successfully applied for and then was employed in a Knowledge Transfer Partnership on remanufacturing operations co-funded by the EPSRC, Innovate UK, and the company partner. Both projects won the Cardiff University Innovation and Impact award in the Business Innovation category (in 2015 and 2019 respectively). Since 2020, I have been employed as the PARC Assistant Professor of Manufacturing and Logistics. Throughout this time I have worked closely with industry in numerous projects, advised, supervised and created a number of bespoke forecasting and inventory control solutions and applications for both linear and circular economy operations. Information on some of these and other projects can be found here.

Date
Type

2024

Rostami-Tabar, B., Arora, S., Rendon-Sanchez, J. F. and Goltsos, T. E. 2024. Probabilistic forecasting of daily COVID-19 admissions using machine learning. IMA Journal of Management Mathematics 35(1), pp. 21-43. (10.1093/imaman/dpad009)

2023

Rostami-Tabar, B., Goltsos, T. E. and Shixuan, W. 2023. Forecasting for lead-time period by temporal aggregation: Whether to combine and how. Computers in Industry 145, article number: 103803. (10.1016/j.compind.2022.103803)

2022

Goltsos, T. E., Syntetos, A. A., Glock, C. H. and Ioannou, G. 2022. Inventory - forecasting: mind the gap. European Journal of Operational Research 299(2), pp. 397-419. (10.1016/j.ejor.2021.07.040)

2019

Goltsos, T. E., Ponte, B., Wang, S., Liu, Y., Naim, M. M. and Syntetos, A. A. 2019. The boomerang returns? Accounting for the impact of uncertainties on the dynamics of remanufacturing systems. International Journal of Production Research 57(23), pp. 7361-7394. (10.1080/00207543.2018.1510191)
Goltsos, T. E., Syntetos, A. A. and van der Laan, E. 2019. Forecasting for remanufacturing: the effects of serialization. Journal of Operations Management 65(5), pp. 447-467. (10.1002/joom.1031)

Primary research interests

Statistical sales/demand forecasting and management
Statistical inventory control and inventory management
Simulation
Model selection and optimisation, combinations
Decision Support Systems
Temporal and hierarchical aggregation

Research Areas

Forward (linear) and reverse (circular) supply chains
Remanufacturing
Repurposing
the Circular Economy

Qualifications

PhD in Operational Research from the department of Management Science & Technology of the Athens University of Economics and Business.
MSc in Business Analysis and Management from Loughborough University, with honours.
MEng (5 years) in Mechanical Engineering from Aristotle University of Thessaloniki;
- (includes MSc in Industrial Management).
High School, the American College of Greece (Pierce College), with honours.

Honours and awards

Cardiff University Innovation and Impact awards: 2019 (Qioptiq KTP).
Cardiff University Innovation and Impact awards: 2015 (ASTUTE project).

Professional memberships

International Institute of Forecasters (IIF)
Accredited member of Technical Chamber of Greece (TEE) - Chartered Mechanical Engineer.

I am particularly interested in supervising PhD students in the areas of:

Forecasting (forward and reverse)
Inventory control (demand/sales and returns)
Circular economy strategies (Remanufacturing, Repurposing, Recycling) and aspects therein
Simulation and optimisation
Supply chain modelling