Neal Lewis, Ph.D.

EDUCATION

• University of Missouri - Rolla, Ph.D. in Engineering Management, 2004
  (Now the Missouri University of Science & Technology)
  http://www.mst.edu/
• University of New Haven - Master of Business Administration, 2000
  Concentration in Technology Management
  http://www.newhaven.edu/
• University of Missouri - Rolla, B.S. in Chemical Engineering, 1974
  http://www.mst.edu/

COURSES

• CPEG / CPSC 300 Economics and Management of Engineering Projects
• TCMG 484 / MGMT 535 Finance & Accounting for Managers
• TCMG 508 / MKTG 551 Product Management, Innovation, & Commercialization
• TCMG 523 / MGMT 523 Leadership, Teams, & Managing Change
• TCMG 530 / MEEG 530 Foundations of Manufacturing Management
• TCMG 546 Engineering Economics Management

TEACHING EXPERIENCE

• University of Bridgeport, August 2007 - Present
  Associate Professor, Department of Technology Management, School of Engineering.
• Marshall University, August 2004 - May 2007
  Associate Professor and coordinator, M.S. in Technology Management program, College of Information Technology and Engineering. Classes included strategic management of technology, quality management, project management, lean manufacturing, operations management, operations research, and financial and economic analysis. The program conducted classes in Huntington and South Charleston, West Virginia and most classes were video linked between the two locations. Classes were also held at regional businesses and other campuses
• University of Missouri - Rolla, August 2001 - July 2004
  Lecturer, Engineering Management Department. I taught local and distance students while pursuing a Ph.D. Classes included Project Management and Management for Engineers. The local classes were broadcast on the Internet and the class had a live interchange with the distance students, coast to coast. An Outstanding Teaching Award was received.
• University of New Haven, Winter 2001
  Adjunct Lecturer, teaching Total Quality Management, Management Department, School of Business. This was an undergraduate evening class, with traditional and non-traditional students.

INDUSTRY EXPERIENCE

1995-2001: Bayer Corporation

• 0/95 – 7/01: Plant Engineer, West Haven, CT. I was responsible for engineering support of the pharmaceutical manufacturing and pharmaceutical development facilities, including all maintenance and projects. Support work included facilities and process support, facilities and equipment maintenance, and process troubleshooting and improvement. Member of the Core Teams for two significant manufacturing facility expansions. Project manager for a number of manufacturing-related projects, and the Engineering member of several technology transfer teams. Engineering member in West Haven’s first European Union cGMP audit. I was responsible for large equipment purchases, projects, and capital budgets. Supervised area plant engineers.

1974 - 1995: The Procter & Gamble Company

• 8/92 -10/95: Section Head, Product Supply Office, Skin Care, Cincinnati, Ohio. Responsible for the package engineering section supporting the Skin Care business, and Quality Assurance for a new manufacturing facility being designed and built. Until March 1994, was responsible for manufacturing/operations planning for Bain de Soleil sun care products. Achieved the first profit for Bain de Soleil since acquisition by significantly decreasing costs without sacrificing quality.
• 1/91 - 7/92: Section Head, Product Supply Office, Respiratory Care, Shelton, CT. Led the technical startups of NyQuil and DayQuil LiquiCaps. Headed the teams composed of R&D and Manufacturing to take the new concept from the laboratory to commercial manufacture. Also provided technical support to Vicks cough/cold brands. Moved to Cincinnati with the shutdown of the Richardson-Vicks headquarters.
• 4/85 - 12/90: Manager, Duncan Hines Cookies, Jackson, TN. Started as Technical Services Manager, and later managed the operation. I was a key part of the team that took Duncan Hines Cookies from a significant financial loss to a respectable profit. After the restructuring in 1987, I had all Quality and technical support functions when headquarters support was ended. Responsible for the total operation, 1989-90.
• 5/80 - 3/85: Technology Manager, Folgers Coffee, Sherman TX. I held a variety of assignments in instant coffee manufacturing from line management to process engineering and engineering management. Became the key process engineer and troubleshooter for the instant coffee plant, which made High Point and Folger's Instant Decaffeinated coffee. I was part of the decaffeination process startup, including line management responsibility and all analytical chemistry support.
• 8/78 - 4/80: Quality Control Manager, Folgers Coffee, Kansas City, MO. Managed the plant labs and was responsible for the quality of about 40% of the Folgers ground coffee sold in the U.S. at that time.
• 5/74 - 7/78: Staff Engineer, Procter & Gamble, Cincinnati, Ohio. Assignments included basic research, process development, products research, and technical services.

ACADEMIC AWARDS AND HONORS

• Engineering Management Journal , The Ted Eschenbach Best Journal Paper Award, 2005
• Outstanding Teaching Commendation Award, University of Missouri - Rolla, 2005
• Chancellor’s Fellowship, 2001 - 2004
• 2nd Place Student Paper, American Society for Engineering Management National Conference, 2003
• Alpha Iota Delta (honor society in Decision Sciences), 2002
• Sigma Beta Delta (honor society in Business, Management, and Admin.), 1999
• Omega Chi Epsilon (honor society in Chemical Engineering), 1974
• Tau Beta Pi (honor society in Engineering), 1973
• Phi Eta Sigma (Freshman honor society), 1971

RESEARCH AND PUBLICATIONS

My primary research interests involve operations and project management, especially the valuation of projects and pharmaceutical manufacturing. My dissertation topic was “Project Valuation for the Strategic Management of R&D”, which includes a detailed study of real options analysis.

Recent Publications

1. Eschenbach, Ted; Lewis, Neal; Hartman, Joseph. "Waiting Cost Models for Real Options." Accepted by The Engineering Economist.
2. Lewis, Neal; Eschenbach, Ted; Hartman, Joseph. “Can We Capture the Value of Option Volatility?” Accepted by The Engineering Economist.
3. Spurlock, David G.; Cox, Leroy R.; Lewis, Neal A.; and Lueck, Gail A.  "A Content Analysis of Data Collection and Analysis Techniques as Reported in the Engineering Management Literature," Engineering Management Journal, Vol. 20, No. 2, June 2008, pp.  46-55.
4. Eschenbach, Ted; Lewis, Neal; Henrie, Morgan; Baker, Elisha IV; Hartman, Joseph. "Real Options and Real Engineering Projects," Engineering Management Journal, Vol. 19, No. 4, December 2007, pp. 11-19.
5. Lewis, Neal. “A Tracking Tool for Lean Solid Dose Manufacturing.” Pharmaceutical Technology, Vol. 30, No. 10, October 2006, pp. 94-108.
6. Lewis, Neal; Enke, David; and Spurlock, David. “The Staging Option and Drug Development.” Pharmaceutical Engineering, Vol. 25, No. 6, Nov./Dec. 2005, pp. 58-78.
7. Lewis, Neal; Enke, David; and Spurlock, David. “Valuation for the Strategic Management of Research and Development Projects: The Deferral Option.” Engineering Management Journal, Vol. 16, No. 4, December 2004, pp. 36-47. Winner of the Ted Eschenbach Best EMJ Paper Award 2005.

Conferences

1. Lewis, Neal; Eschenbach, Ted; and Hartman, Joseph.  "Real Options: Risk-free and Market Interest Rates," 2009 National Conference, American Society for Engineering Management, Springfield, MO, October 2009.
2. Eschenbach, Ted; Lewis, Neal; and Hartman, Joseph.  "Real Options: State of the Art and Future Directions," 2009 National Conference, American Society for Engineering Management, Springfield, MO, October 2009 (presentation only).
3. Lewis, Neal; Eschenbach, Ted; and Hartman, Joseph.  "Real Options and the Use of Discrete and Continuous Interest Rates", 2009 National Conference, American Society for Engineering Education, Austin, TX, June 2009.
4. Eschenbach, Ted; Lewis, Neal; and Hartman, Joseph.  "The Cost to Keep a Real Deferral Option Open", 2009 Industrial Engineering Research Conference, Miami, FL, June 2009 (presentation only).
5. Lewis, Neal; Eschenbach, Ted; and Hartman, Joseph.  "Where Real Options Might Really Work", 2009 Zone 1 Conference, American Society for Engineering Education, Bridgeport, CT, April 2009.
6. Lewis, Neal; Eschenbach, Ted; and Hartman, Joseph.  "Integrating Real Options with Decision Trees & Simulation:  Uncertainty in the Graduate Engineering Economy Course," 2008 National Conference, American Society for Engineering Management, West Point, New York, November 2008.
7. Lewis, Neal.  "Internships as a Two-Way Business Deal:  An Industrial Perspective," 2008 National Conference, American Society for Engineering Management, West Point, New York, November 2008 (presentation only).
8. Lewis, Neal and Eschenbach, Ted. ”Real Options in Engineering Economy Education.” 2008 National Conference, American Society for Engineering Education.
9. Lewis, Neal; Eschenbach, Ted; and Hartman, Joseph C. ”Waiting Costs for Real Engineering Projects Evaluated with Real Options.” 2008 Industrial Engineering Research Conference, Institute of Industrial Engineers.
10. Lewis, Neal. ”The Engineer as a Professor: Bringing Experience to the Engineering Classroom.” 2008 Zone 1 Conference, American Society for Engineering Education.
11. Lewis, Neal. “Use of Industrial ‘War Stories’ in the Technical Management Classroom.” 2007 National Conference, American Society for Engineering Management (presentation only).
12. Lewis, Neal; Eschenbach, Ted; and Hartman, Joseph. "Sensitivity Analysis of a Real Options Problem." 2007 Industrial Engineering Research Conference, Institute of Industrial Engineers.
13. Lewis, Neal, and Ibrahim, Mohammed. “Are Lean Manufacturing Efforts Reflected in Corporate Finances?” 2006 National Conference, American Society for Engineering Management.
14. Lewis, Neal and Spurlock, David. “Volatility Estimation of Forecasted Project Returns for Real Options Analysis.” 2004 National Conference, American Society for Engineering Management.
15. Lewis, Neal and Spurlock, David. “Project Valuation for the Strategic Management of Research and Development: The Abandonment Option.” 2003 National Conference, American Society for Engineering Management.
16. Lewis, Neal and Patel, Amit. “A Financial Comparison of U.S. and European Pharmaceutical Companies”. 2003 National Conference, American Society for Engineering Management. Second Place award, best student paper contest.
17. Lewis, Neal and Spurlock, David. “Research Methods in Engineering Management: Approaches to Studying Things Other Than People”. 2003 National Conference, American Society for Engineering Management

Other Presentations

1. Lewis, Neal. “Real Options Analysis.” Presentation to the University of Bridgeport, School of Engineering Colloquium, October 4, 2007.
2. Lewis, Neal. “Troubleshooting in a Crisis Mode.” Presentation to Toyota Motor Manufacturing West Virginia, Specialists Technical Conference, Dec. 8, 2005.
3. Lewis, Neal. “Real Options Analysis: A New Tool for Improved Project Valuation.” Presentation to the Project Management Institute, West Virginia/Ohio Valley Chapter, November 11, 2005.

PROFESSIONAL ASSOCIATIONS

• American Society for Engineering Education.
• American Society for Engineering Management.
• International Society for Pharmaceutical Engineering

PATENTS

• Two U.S. patents were awarded on coffee processing.

GRANTS

• National Collegiate Inventors and Innovators Alliance, 2005. P. Logan, N. Lewis, and S. Simonton. "Supporting E-Team formation in Solving the Economic and Environmental Issues of West Virginia." $24,000.
• State of West Virginia Office of Technology, 2006. J. Biros and N. Lewis. "Information Technology Management Certification Program." $22,600.