Academic Record

Curriculum Vitae

Luke Miller, PhD · Economics & Business Department, Saint Anselm College

Education

  • Ph.D. (and M.S.), Financial Engineering — Auburn University, 2004 (2002)

    Gilbreth Memorial Fellowship · GPA 4.0/4.0

  • B.S., Systems Engineering — University of Virginia, 1997

    Top Undergraduate Thesis Finalist

  • Certified U.S. Air Force Instructor — Academic Instructor School, 1998

  • Licensed Investment Advisor

Academic Positions

  • Assistant & Associate Professor, Economics & Business Department

    Saint Anselm College · Fall 2011 – Present

  • Assistant Professor of Finance, School of Business Administration

    Fort Lewis College · 2005 – 2011

  • Assistant Professor, School of Business Administration

    University of San Diego · 2004 – 2005

  • Instructor, School of Business and College of Engineering

    Auburn University · 2001 – 2004

  • Instructor, Squadron Officer College, U.S. Air Force

    1998 – 2000

Publications

Peer-Reviewed Journals

  • Miller, L., G. Kim, and J. Woo, “An Opportunity Cost Model to Value Deferral Options,” The Engineering Economist, Vol. 69, No. 2, 2024.
  • Miller, L., “Games, Inc.: A Case Study,” Contemporary Engineering Economics, 2022.
  • Miller, L., “An Options Approach to the Project Activation Decision in the Aerospace Industry,” Research in Finance, Vol. 31, 2015, pp. 17–45.
  • Miller, L. and J. Kelber, “Using Options Pricing Theory to Value Safety & Ergonomics Projects: A Case Study,” Review of Business & Finance Studies, Vol. 6, No. 2, 2014, pp. 75–84.
  • Miller, L. and M. Bertus, “An Exposition on the Mathematics and Economics of Option Pricing,” Journal of Business Education and Accreditation, Vol. 5, No. 1, 2012, pp. 1–16.
  • Miller, L., “PMA License Valuation: A Bayesian Learning Real Option Approach,” Review of Financial Economics, Vol. 19, Issue 1, 2010, pp. 28–37.
  • Miller, L., and E. Huggins, “Service Sector Pricing Decisions: A Real Options Approach,” Journal of Applied Finance, Vol. 16, No. 2, 2010, pp. 52–69.
  • Miller, L., and E. Labach, “Guidelines and Advice for Successful Publication Provided by Journal Editors,” American Journal of Business Education, Vol. 3, No. 3, 2010, pp. 17–34.
  • Miller, L., “Publication Process for Engineers,” Journal of Engineering and Technology Research, Vol. 11 (2), 2009, pp. 19–25.
  • Farmer, A., J. Smith, and L. Miller, “Umpire Crew Scheduling for Professional Tennis Tournaments,” Interfaces, Vol. 37, No. 2, 2007, pp. 187–196.
  • Miller, L., and M. Bertus, “License Valuation in the Maintenance, Repair, & Overhaul Industry: A Real Options Approach,” Review of Financial Economics, Vol. 14, 2005, pp. 225–239.
  • Miller, L., and C.S. Park, “A Learning Real Options Framework with Application to Process Design and Capacity Planning,” Production and Operations Management, Vol. 14, No. 1, 2005, pp. 5–20.
  • Miller, L., K. Choi, and C.S. Park, “Using an Options Approach to Evaluate Korean Information Technology Infrastructure,” The Engineering Economist, Vol. 49, No. 3, 2004, pp. 199–219.
  • Miller, L., and C.S. Park, “Economic Analysis in the Maintenance, Repair, & Overhaul Industry: An Options Approach,” The Engineering Economist, Vol. 49, No. 1, 2004, pp. 21–42.
  • Miller, L., and C.S. Park, “Decision Making Under Uncertainty – Real Options to the Rescue?” The Engineering Economist, Vol. 47, No. 2, 2002, pp. 105–151.

Book

Manuscripts in Progress

  • Kelber, J., L. Miller, and N. Warren, “The Great Recession: A Holistic Overview,” under review at the Journal of Financial Education.

Presentations

Conference Presentations

  • Miller, L., Association of Financial Professionals, Financial Analytics presentations, 2019–2024.
  • Miller, L., “A Systems Approach to Financial Analytics,” FactSet Annual Conference, 2022.
  • Miller, L., “Financial Analytics and Key Performance Indicators,” Morningstar Financial Planning Series, 2021.
  • Miller, L., “Strategic Planning with Financial Analysis,” AFP Annual Conference, 2019.
  • Miller, L., “Critical Thinking in Financial Services,” plenary speaker, AFP Annual Conference, 2018.
  • Miller, L., “Option Pricing Theory Applied to the Service Sector,” 18th International Conference on Business and Finance, Best Presentation Award, Paris, France, 2016.
  • Miller, L., “An Options Approach to the Project Selection Decision in the Aerospace Industry,” Financial Management Association Annual Meeting, 2014.
  • Miller, L., “Real Options with Applications to Aerospace Licenses,” INFORMS Annual Meeting, 2013.
  • Miller, L., “Parallel versus Independent Project Selection Using Options,” INFORMS Annual Meeting, 2010.
  • Miller, L., “Bayesian and Option Pricing Applied to the Aerospace Industry,” INFORMS Annual Meeting, 2008.
  • Miller, L., and R. Mull, “An Application of Real Options Analysis Techniques to Investment Decision-Making for Safety and Ergonomics Projects,” American Society of Business and Behavioral Sciences Annual Meeting, 2007.
  • Miller, L., and C.S. Park, “A Learning Real Options Framework with Application to Process Design and Capacity Planning,” INFORMS Annual Meeting, 2006.
  • Miller, L., “Aerospace Licensing Opportunities Utilizing Derivatives,” INFORMS Annual Meeting, 2005.
  • Miller, L., and M. Bertus, “An Options Approach to License Valuation,” Financial Management Association Annual Meeting, 2005.
  • Miller, L., “Replacement and Capacity Planning Strategies using Option Pricing Theory,” INFORMS Annual Meeting, 2004.
  • Miller, L., and M. Bertus, “License Valuation in the Aerospace Industry: A Real Options Approach,” Eastern Finance Association Annual Conference, 2004.
  • Miller, L., and A. Smith, “Engineering Journal Review Process: A Survey of Engineering Journal Editors,” ASEE Annual Conference, 2004.
  • Miller, L., and C.S. Park, “PMA License Valuation: A Bayesian Real Options Approach,” INFORMS Annual Meeting, 2003.
  • Sozer, S., Miller, L., and C.S. Park, “Capital Budgeting Decisions Under Uncertainty: A Portfolio Approach with Real Options,” Euro/INFORMS Joint International Meeting, 2003.
  • Miller, L., “Strategic Replacement Decisions – A Real Options Approach,” IIE Annual Conference, 2003.
  • Miller, L., and C.S. Park, “Service Sector Pricing Decisions – A Real Options Approach,” INFORMS Annual Meeting, 2002.
  • Choi, S., L. Miller, G. Kim, and C.S. Park, “Real Options Approach to Evaluate a New Investment Project in Information Technology Infrastructure,” IIE Annual Conference, 2002.

Other Presentations

  • Miller, L., “Valuing Aerospace Licenses as Options,” New Hampshire Institute of Politics, Saint Anselm College, 2013.
  • Miller, L., “Bayesian Learning Real Options,” Naval Postgraduate School, Monterey, CA, 2004.
  • Miller, L., “Operations Management and Real Options: Decision-Making under Uncertainty,” Culverhouse College of Business, University of Alabama, 2003.
  • Miller, L., “Introduction to Real Options – Theory and Applications,” College of Business, University of Alabama Birmingham, 2003.

Industry Experience

  • Consulting Activities · 2001–2009

    Financial and operations management consulting for Northrop Grumman, Alcoa, Fairchild, CACI, Frontier Technologies, Shriners Hospitals, Hanaro Telecommunications, Department of Defense, Department of Transportation, and Korean Ministry of Information & Communication.

  • Operations Program Manager, Air Logistics Center · U.S. Air Force, 1997–2001

    • Sole Department of Defense program manager for the $450 million Technology Task Order Engineering Services II Program
    • Managed requirements identification, rate negotiation, and acquisition of over 150 projects in support of MRO services at Air Force depot facilities
    • Chief of the Evaluations Division, Squadron Officer College — improved efficiency, scheduling, and throughput for a school educating over 5,000 newly commissioned officers annually

Honors & Awards

  • Auburn University Top Ten Graduate Student, 2004
  • Top U.S. PhD Student in Financial Engineering (Gilbreth Memorial Fellowship), 2003
  • INFORMS Doctoral Colloquium, 2002
  • Air Force Commendation Medal, U.S. Air Force, 2001
  • Air Force Achievement Medal, U.S. Air Force, 1999
  • Letter of Recognition, General Michael E. Ryan (Chief of Staff of the U.S. Air Force), 1998
  • James J. Benshoff Undergraduate Leadership Award, University of Virginia, 1997
  • Best Undergraduate Thesis Finalist, University of Virginia, 1997

Service

  • Founder and Director, Professional Development Initiative, Saint Anselm College (Fall 2016–present)
  • Co-raised $2M for SAC with the Office of College Advancement (Fall 2016–present)
  • Founder and Advisor, Saint Anselm College Finance Club (Fall 2012–present)
  • Member, College Budget Advisory Committee (Fall 2020–present)
  • Member, SAC Partnership Working Group (Fall 2023–present)
  • Member, SAC Investment Committee (Fall 2018–2021)
  • Member, Center for Ethics, Business, & Social Responsibility Committee (Spring 2014–2017)
  • Member, Strategic Enrollment Management Committee (Fall 2012–2016)
  • Co-Chair, Search Committee, International Business faculty search (Fall 2017; Fall 2011)
  • Recipient, SAC Summer Research Grant, 2013

Professional & Honorary Societies

  • Financial Management Association (FMA)
  • International Association of Financial Engineers (IAFE)
  • Institute for Operations Research and the Management Sciences (INFORMS)
  • Decision Sciences Institute (DSI)
  • Phi Kappa Phi
  • Alpha Pi Mu