Areas of Expertise (12)
Warren Joseph (Joe) Hahn is an educator, engineer, strategist, and researcher who studies how operational decision-making can be optimized under uncertainty, and how such decisions impact firm performance and value. He looks at investments in both conventional and unconventional energy production, and decision analysis problems in a variety of other industries.
Hahn is a clinical associate professor in the department of finance at the McCombs School of Business, The University of Texas at Austin, where he serves as the associate director of the Master of Science in Finance program. Previously, he was an associate professor of decision sciences at Pepperdine University.
His industry experience includes work as a market analysis manager at Shell Trading Gas and Power, a strategy and planning advisor for BP America, and an area reservoir engineer for Vastar Resources. Hahn is a registered professional engineer and a member of the Society of Petroleum Engineers.
He is a member of the INFORMS Decision Analysis Society Council, and is a member of the editorial board of the Decision Analysis journal. He received the Howard A. White Award for Teaching Excellence at Pepperdine University, and is on the McCombs Faculty Honor Roll.
The University of Texas at Austin: Ph.D., Management Science and Information Systems 2005
Dissertation: "A Discrete-Time Approach for Valuing Real Options with Underlying Mean-Reverting Stochastic Processes."
The University of Texas at Austin: M.B.A., Business Administration 2001
The University of Texas at Austin: M.Sc., Environmental Engineering 1991
Thesis: "Fate of Polynuculear Aromatic Hydrocarbons during Microbiological Processing of Petroleum Wastes."
The University of Texas at Austin: B.Sc., Petroleum Engineering 1988
Media Appearances (3)
Printing Building Blocks For The Future: New Grants Bring 3D Technology To Border Libraries
As 3D printers become more common, professor of finance Joe Hahn states “It may end up reinventing some of our manufacturing sector. "
Credit Downgrade Threat And US Energy Downturn: The Challenge Of Survival In The Oilfield
Joe Hahn, professor of finance at the McCombs School of Business gives his input on the dozen west Texas cities, counties, hospitals and school districts that are facing the possibility of a bond credit downgrade in the coming months by Moody's Investor Services.
Slumping Oil Prices And A West Texas Downgrade
Inside Energy online
Nearly a dozen west Texas cities are facing the possibility of a bond credit downgrade in the coming months by Moody's Investor Services. “It’s an issue for concern in the short-term certainly,” said Joe Hahn, professor at the McCombs School of Business. “But it’s nothing new. Boom and bust cycles in the energy industry have always gone on and they probably always will."
Stochastic process models of commodity prices are important inputs in energy investment evaluation and planning problems. We focus on modeling and forecasting the long-term price level, since it is the dominant factor in many such applications.
Two-factor stochastic processes have been developed to more accurately describe the intertemporal dynamics of variables such as commodity prices. We develop an approach for modeling these types of stochastic processes in discrete time as two-dimensional binomial sequences.
In this paper the recombining binomial lattice approach for modeling real options and valuing managerial flexibility is generalized to address a common issue in many practical applications, underlying stochastic processes that are mean-reverting.
We use a binomial decision tree with risk-neutral probabilities to approximate the uncertainty associated with the changes in the value of a project over time.
In this paper, we have modeled and evaluated a new parallel processing system called Scalable Parallel computer Architecture based on Xbar (SPAX) for commercial applications.