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faculty profile

Dr. Bala V Balachandran

Dr. Bala V Balachandran
Dean and Professor,
Great Lakes Institute of Management
Area: Managerial Accounting, Auditing, Management Information Systems and Mathematical Programming
Email: bala@greatlakes.edu.in

 

Bala Balachandran began his teaching career in 1960 while a graduate student at Annamalai University, India. In 1967 he moved to the University of Dayton and   in   1971, to   Carnegie-Mellon   University, Pittsburgh, where he taught Management courses while working on his doctorate. In 1973 he joined the Kellogg Graduate School of Management faculty. From 1979 to 1983 he chaired the Department of Accounting  and  Information   Systems;  in 1984 he  was appointed Distinguished  Professor of Accounting  and  Information  Systems  and Decision  Sciences. He was also Director of the Accounting Research Center until 2006.

Professor Balachandran's teaching interests include Managerial Accounting, Auditing, Management Information Systems, and Mathematical   Programming.  He is one of the three Kellogg faculty members who started the Information Resource Management Program (IRM) at Northwestern University in 1974. He has authored more than 85 research articles and is currently writing a Managerial Accounting textbook with emphasis on Cost Management in an Automated Manufacturing Environment. His other book in progress is on ‘Leadership’ focusing on the Indian Corporate Maharajahs. 

Great Lakes are Prof. Bala’s dream project of putting Chennai on the international management education map. He is a full time faculty member in the area of Accounting and Finance and chairs the Academic Advisory Council at Great Lakes since his retirement from Kellogg in 2008.  He teaches Managerial Accounting and Strategic Cost and Profitability Management for both PGPM and PGXPM apart from offering cohort specific workshops on Mergers & Acquisitions, Valuation Techniques and Post Merger Integration.  He is a recipient of the fourth highest civilian award of the Government of India - the Padmashri, which he was awarded in 2001 in recognition of his contribution towards higher education in India. He has been voted among the top 10 Global Thought Leaders in a recent article published by the Economic Times. Prof. Bala serves several Indian ministries in the advisory capacity. He also serves on the International Advisory   Board   of the   UniRazak at Kuala   Lumpur and   renders consulting/advisory services to the top brass of the Malaysian Government.  He is the Executive Professor and Strategy Advisor to the Dean at the Bauer College, University of Houston with the special responsibility of conceptualizing and delivering Executive Education degree programs in India with special focus on the Energy sector.

He has the rare honor (for an Indian in America) of having an endowed chair professorship in his name.  Several colleagues from Kellogg, including Donald P. Jacobs (Kellogg Dean Emeritus), Roger Nelson (retired Deputy Chairman for Ernst & Young), and Harry Kraemer Jr. (former Chairman and CEO of Baxter), have led a campaign to raise $1 million for an endowed professorship at the Kellogg School of Management in Prof. Bala V. Balachandran’s name in recognition of his invaluable and tireless service to the institute over the last three decades.

Publications:

  • "An Investigation of the Informational Role of Short Interest in the Nasdaq Market", Journal of Finance with Desai Hemang; Ramesh, K, Ramu Thiagarajan
  • "Interface Between ABC/M Requirements and Multi-Dimensional Databases", forthcoming in Journal of Cost Management, 2003 with Shyam Sunder
  • "Velocity Costing for a Manufacturing Environment" with David Barter, Journal of Cost Management, January/February 2002, Vol. 16, No. 1.
  • "Optimal Cost Management and Managerial Incentives" with S. Sridhar, Journal of Accounting and Public Policy, Vol. 18, No. 3, Autumn 1999, pp. 193-227
  • "Activity Based Management for Atutomobile - Retail Store", (with Jonathan Booth), Journal of Cost Management, September-October 1999, Vol. 13, No. 5
  • "Activity-Based Management for Systems Consulting Industry" with S. Mahalingam and F. C. Kohli, Journal of Cost Managemnt, May-June, 1999, Volume 13, No. 3
  • "Volume Adjusted Costing: A Quick and Implementable Solution" with Glen Navis, Journal of Cost Management, March/April 1999, Vol. 13, No. 2
  • "Growth Strategies Creating Shareholder Value" (with S. Chaudhuri, Indian Accounting Review, Vol. 3, No. 1, June 1999, pp. 1-17.
  • "What Can Go Wrong with ABC" (with N. Thondavadi), Corporate Controller Journal, Vol. 11, No. 6, Sept./Oct. 1999, pp. 21-28.
  • "On the Efficiency of Cost-Based Rules for Capacity Planning" with (R. Balakrishnan and Siva Konduru), The Accounting Review, Vol. 72, No. 4, October 1997.
  • "Structured Interdependencies and Managerial Control" (with Sri Sridhar), Management Science, Vol. 42, No. 3, March 1997.
  • "Capacity Planning with Demand Uncertainty" (with R. Balakrishnan and Siva Konduru), forthcoming in Engineering Economist.
  • "Multiple Working Basis for Generalized and Variable Upper Boundry Linear Programs", (with A. B. Agbadudu, Operations Research: Methods, Models and Applications, Quorum Books, 1998, pp. 29-48.
  • "Activity Based Cost Management for Improving Sustainable Profitability", Cost Management Insiders Report, pp. 5-8, Vol. 2, No. 4, November 1995
  • "Joint Cost Allocation for Multiple Lots" (with Ram T. S. Ramakrishnan), Management Science, Vol. 42, No. 2, February 1996, pp. 247-258.
  • "Auditors' Legal Liability in the U.S." Journal of Economics and Management Strategy, Vol. 2, No. 3, Fall 1993, pp. 333-338.
  • "Audit Services and Fees and Large Accounting Firms" (with Dam Simon), Journal of Economics and Management Strategy, Vol. 2, no. 3, Fall 1993, pp. 339-348.
  • "Management Compensation Surrounding an Accounting Change and Long-Term Construction Projects with R. Ramanan, Contemporary Accounting Research, Vol. 10, No. 1, Fall 1993, pp. 211-226.
  • "Cost Drivers Optimization in Activity-Based Costing" (with Yair M. Babad), The Accounting Review, Vol. 68, No. 3, pp. 563-575, July 1993.
  •  "Strategic Activity Based Accounting", Advanced Executive Brief of Business Week, May, 1994.
  • "More Powerful Portfolio Approaches to Regressing Abnormal Returns on Firm Specific Variables for Cross-sectional Studies" (with R. Chandra). Forthcoming in Journal of Finance.
  • "Contingent Fees for Audit Firms" (with Ron Dye and Bob Magee), Journal of Accounting Research, Vol. 28, No. 2, Autumn 1990, pp. 239-266.
  • "A Synthesis of Alternative testing Procedures for Event Studies" (with Ramesh Chandra), Journal of Contemporary Accounting Research, Vol. 6, 2-II, Spring 1990, pp. 607-635.
  • "A Generalized Transhipment Model for Cash Management Decisions" (with Raj Padmarajan), forthcoming in Journal of Accounting Auditing and Finance.
  • "Cash Management Decisions: A Generalized Network Approach", (with R. Padmarajan), forthcoming in Journal of Accounting, Auditing and Finance.
  • "Discussion of Optimal Employment Contracts and the Returns to Monitoring in a Principal-Agent Context", Contemporary Accounting Research, Vol. 6, No. 2-II, Spring 1990, pp. 796-799.
  • "Operational Matrix Accounting" (with Y. Babad), Contemporary Accounting Research, Vol. 5, No. 2, Spring 1989, pp. 775-792.
  • "Optimal Internal Control Under Dynamic Conditions" (with Ram Ramanan), Journal of Accounting Auditing and Finance, Vol. 3, No. 1, Spring 1988, pp. 1-18.
  • "An Empirical Test of the Statistical Association of Market Risk and Financial Accounting, Allocation" (with Jack Blann, Journal of Business Finance and Accounting, Vol. 15, No. 1, Spring 1988, pp. 101-114.
  • "Cost Management with Cost Accounting" presented at Research Symposium of I.I.M, Ahmadabad and published in Scientific Publications, 1987, India
  • "A theory of Audit Partnership," (with Ram Ramakrishnan), Journal of Accounting Research, Vol. 25, NO. 1, Spring 1987, pp. 111-126
  • "Imperfect Information, Insurance and Auditor's Legal Liability", (with Nandu Nagarajan), Journal of Contemporary Accounting Research, Vol. 3, No. 2, Spring, 1987, pp. 281-301.
  • "The Allocation of Fixed and Variable Costs From Service Department", (with Lode Li and Robert P. Magee), Journal of Contemporary Accounting Research, Vol. 4, No. 1, Fall 1987, pp. 164-185.
  • "An Information System for Administering Welfare Programs", (with Tom Prince), Journal of Research in Governmental and Non-Profit Accounting", Vol. III, Spring 1987.
  • "Threshold Margins for Creating Economic Value," (with N. J. Nagarajan and Alfred Rappaport), Journal of Financial Management, Vol. 15, No. 1, Spring 1986.
  • "Discussion of an Analysis of the Auditor's Uncertainty About Probabilities", Contemporary Accounting Research, Vol. 2, No. 2, Spring 1986, pp. 283-287.
  • "Chargeback Can be Purposeful: Live and Let Live is the Goal", 1985 Yearbook, GIBA, Chulalonghorn University, Bangkok, Thailand
  • "Planning and Control Systems for R&D Organizations," (with Richard W. Srch), Advances in Management Information Systems, 1984, Plenum Publishing Corp., New York, pp. 133-153.
  • "An Interactive Audit-Staff Scheduling Decision Support System," (with A. Zoltners), The Accounting Review, Vol. LVI, No. 4, October 1981, pp. 801-812.
  • "Joint Cost Allocation: A Unified Approach," (with Ram T. S. Ramakrishnan), The Accounting Review, Vol. LVI, No. 1, January 1981, pp. 85-95.
  • "Internal Control and External Auditing for Incentive Compensation Schedules", (with Ram T. S. Ramakrishnan, Journal of Accounting Research, Vol. 18, Supplement, 1980, pp. 140-171.
  • "Auditing for Compensation Schedules--A Reply," (with Ram T. S. Ramakrishnan, Journal of Accounting Research, Vol. 18, Supplement, 1980, pp. 182-183.
  • "A Mathematical Programming Model for Optimal Service Selection in the Airline Industry", (with S. K. Jain), European Journal of Operational Research, Vol. 8, 1981, pp. 324-334.
  • "Cost Allocation for Maximizing Hospital Reimbursement Under Third Party Cost Contracts", (with D. Dittman), Health Care Management Review, Vol. 3, No. 2, Spring 1978, pp. 61-70
  • "The Stochastic Generalized Transportation Network--An Operator Theoretic Approach", International Journal of Networks, Vol. 9, 1979, pp. 169-184.
  • "Transportation and Generalized Transportation Problems; Theory and Applications with Operator Theory", (with V. Srinivasan and G. L. Thompson), Mathematical Programming Study, No. 15, Network Models and Associated Applications, North Holland, 1981, pp. 58-85.
  • "Kommentar Zu, Losung des Marketing-Mix-Problems mit Hilfe der Geometrischen Programmierung", Entscheidungshilfen in Marketing, C. E. Poeschel Publishing, Stuttgar, W. Germany, 1977, pp. 467-495.
  • "Losung des Marketing-Mix Problems mit Hilfer derGeometrischeu Programmieuring", (with D. H. Gensch, Entscheidungshilfen im Marketing, 1977, pp. 448-466.
  • "An Integer Generalized Transportation Model for Optimal Job Assignment in Computer Networks", Operations Research, Vol. 24, No. 4, July-August 1976.
  • "Management of Program Storage in Computers", (with J. Babad and E. A. Stohr), Management Science, Vol. 23, No. 4, December 1976.
  • "A Semi-Markovian Model for Persuasive Communication", (with S. D. Deshmukh), Management Science, Vol. 22, No. 8, April 1976.
  • "Storage Decisions in Information Systems", (with S. D. Deshmukh), AIIE Transactions, Vol. 8, No. 3, September 1976
  • "Optimal Facility Location Under Random Demand with General Cost Structure", (with S. Jain), Naval Research Logistics Quarterly, Vol. 23, NO. 3, September 1976.
  • "Transportation Type Models with Quantity Discounts", (with A. Perry), Naval Research Logistics Quarterly, Vol. 23, No. 2, June 1976.
  • "Optimal Production Growth for the Machine Loading Problem," Naval Research Logistics Quarterly, Vol. 22, No. 3, September 1975, pp. 593-607.
  • "An Operator Theory for the Generalized Transportation Problem - I: Basic Theory", (with G. L. Thompson), Naval Research Logistics Quarterly, Vol. 22, No. 1, March 1975, pp. 79-100.
  • "An Operator Theory for the Generalized Transportation Problem - II Rim, Cost and Bound Operators", (with G. L. Thompson), Naval Research Logistics Quarterly, Vol. 22, No. 1, March 1975, pp. 101-126.
  • "An Operator Theory for the Generalized Transportation Problem -III: Weight Operators", (with G. L. Thompson), Naval Research Logistics Quarterly, Vol. 22, No. 2, June 1975, pp. 297-316.
  • "An Operator theory for the Generalized Transportation Problem - IV: Global Operators", (with G. L. Thompsons), Naval Research Logistics Quarterly, Vol. 22, No. 2, June 1975, pp. 327-340
  • "Management Science Models for Adjusting the Customer Mix, Product Mix, Resource Mix and Marketing Mix in the Face of Shortages and Inflation", (with Philip Kotler), Sloan Management Review, Vol. 17, No. 1, November 1975, pp. 1-17.
  • "Solving the 'Marketing Mix' Problem Using Geometric Programming", (with D. H. Gensch), Management Science, Vol. 21, NO. 2, October 1974, pp. 161-171.
  • A Comment on "Solving the Marketing Mix Problem Using Geometric Programming", Management Science, Vol. 21, No. 10, June 1975, pp. 1204-1205.
  • "Cost Evaluation of Storage Schemes", (with J. Babad and E. A. Stohr), Proceedings of ACM, November 1974.
  • "Models of the Job Allocation Problem in Computer Networks", (with J. W. McCredie and O. Mikhail), Proceedings of COMPCON 73, IEEE, February 1973.
  • "Reliability Design for Airborne Ecological Systems", (with L. S. Gephart), Annals of Assurance Sciences, January 1972, pp. 393-399.
  • "System Effectiveness Simulation Model with Non-Parametric Dependability", AIIE Transactions, Vol. III, No. 3, September 1971, pp. 221-228.
  • "A Predictive Model for Monitoring the Life Cycle of a Product", (with Subash Jain), Combined Proceedings of the AMA, September 1971, pp. 543-546.
  • "Non-Parametric vs. Exponential Reliability in Simulating System Effectiveness", Annals of Assurance Sciences, Vol. X, June 1971.
  • "A computerized Approach to Simulating System Effectiveness", (with L. S. Gephart), Annals of Assurance Sciences, Vol. IV, January 1971, pp. 245-253.
  • "Statistical Investigation of Amplitude Fluctuations Detected on Carrier Signals Propogated at 9-7 Ghz and 69 Ghz", (with J. H. Alt), AFAL-TR-170, Wright Patterson Air Force Base, July 1970.
  • "A stochastic System Effectiveness Simulation Model", (with L. S. Gephart), ASB-69-15, Wright Patterson Air Force Base, June 1969
  • "A Note on the Regression Model for Characteristics of Higher Secondary Students", in A. U. Science Journal, Vol. XXXVI, 1964 (India).
  • "The Government of India Prize Bond Scheme - Statistical Study," in A. U. Science Journal, Vol. XXIX, 1963, (India).
  • "Strategy Aligned, Integrated and Linked Scoring System (SAILS)” (with Keshav Narayan Kantamneni and Mohan Das Pai) in Journal of Cost Management, December 2009
  • “Achieving operational excellence through a Strategy Aligned Execution Platform - Extending the ERP Models” in the Journal of Cost Management, December 2011

Awards & Recognitions:

1)      One of the three Kellogg faculty members who started the Information Resource Management Program (IRM) at Northwestern University.

2)      Recipient of the fourth highest civilian award of the Government of India - the Padmashri.

3)      Voted among the top 10 Global Thought Leaders in a recent article published by the Economic Times.

4)      Serves on the International Advisory   Board   of the   UniRazak at Kuala   Lumpur and   renders consulting/advisory services to the top brass of the Malaysian Government.

5)      Executive Professor and Strategy Advisor to the Dean at the Bauer College, University of Houston.

6)      An endowed professorship at the Kellogg School of Management in Prof. Bala V. Balachandran’s name in recognition of his invaluable and tireless service to the institute over the last three decades. 

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