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Associate Professor I M Premachandra

018 PremaAssociate Professor
BSc (Kel'ya) MSc (C'bo) MEng DSc (Tokyo)

Tel 64 3 479 8146
Office CO 3.48
Email i.premachandra@otago.ac.nz

Associate Professor I.M. Premachandra joined the University of Otago as a Lecturer in 1991. Prior to this he served as a visiting Associate Professor at the University of New Hampshire, Whittermore School of Business and Economics (1989-1990), and as a Lecturer at the University of Kelaniya, and University of Sri Jayawardenapura, Sri Lanka (1975-1988).

Recent achievements include the Best Paper award at the IAENG International conference in Hong Kong, June 2009, for his paper ‘Transient and Asymptotic Analysis of Synchronisation Processes in Assembly-like Queues’, being an invited member of the conference committee and a guest editor of the special issue of the IMECS (International multi-conference of Engineers and Computer Scientists), Hong Kong, 2007-2014, Associate Editor of Sri Lankan Journal of Applied Statistics (since 2012), member of the editorial board (since 2012) of Theoretical Economic Letters, and the best teacher award in module 2 of the 2008 University of Otago MBA programme.  He also served as the Head of the Department of Finance and Quantitative Analysis from 2006 to 2009.

Teaching

  • Convenor FINQ102 Business Mathematics
  • Convenor FINC406 Advanced Empirical Finance

Research interests

  • Empirical finance and Financial Modelling
  • Performance evaluation using DEA (Data Envelopment Analysis) and its applications in Finance
  • Applied Probability theory
  • Simulation
  • Application of operations research techniques in Finance

Curriculum vitae

Download CV (PDF 181 k)

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Publications

Tulloch, D. J., Diaz-Rainey, I., & Premachandra, I. M. (2017). The impact of liberalization and environmental policy on the financial returns of European energy utilities. Energy Journal, 38(2), 77-106. doi: 10.5547/01956574.38.2

Tulloch, D. J., Diaz-Rainey, I., & Premachandra, I. M. (2017). The impact of regulatory change on EU energy utility returns: The three liberalization packages. Applied Economics. Advance online publication. doi: 10.1080/00036846.2017.1346366

Premachandra, I. M. (2017, June). Testing commodity futures market efficiency under time-varying risk premiums and heteroscedastic prices. Verbal presentation at the 8th RMUTP International Conference on Science, Technology, and Innovations for Sustainable Development, Bangkok, Thailand.

Premachandra, I. M., Zhu, J., Watson, J., & Galagedera, D. U. A. (2016). Mutual fund industry performance: A network data envelopment analysis approach. In J. Zhu (Ed.), Data envelope analysis: A handbook of empirical studies and applications. (pp. 165-228). New York: Springer. doi: 10.1007/978-1-4899-7684-0_7

Galagedera, D. U. A., Watson, J., Premachandra, I. M., & Chen, Y. (2016). Modeling leakage in two-stage DEA models: An application to US mutual fund families. Omega, 61, 62-77. doi: 10.1016/j.omega.2015.07.007

Authored Book - Research

Dias, G., Premachandra, I. M., & Kieser, J. A. (1998). Neural network model for increasing the accuracy of temporomandibular joint radiographic measurements. Dunedin: Dept. of Finance and Quantitative Analysis, University of Otago, 24p.

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Authored Book - Other

Premachandra, I. M. (1999). A Simplified Guide to Excel. Sri Lanka: Postgraduate Institute of Management, 184p.

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Chapter in Book - Other

Premachandra, I. M., Zhu, J., Watson, J., & Galagedera, D. U. A. (2016). Mutual fund industry performance: A network data envelopment analysis approach. In J. Zhu (Ed.), Data envelope analysis: A handbook of empirical studies and applications. (pp. 165-228). New York: Springer. doi: 10.1007/978-1-4899-7684-0_7

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Journal - Research Article

Tulloch, D. J., Diaz-Rainey, I., & Premachandra, I. M. (2017). The impact of liberalization and environmental policy on the financial returns of European energy utilities. Energy Journal, 38(2), 77-106. doi: 10.5547/01956574.38.2

Tulloch, D. J., Diaz-Rainey, I., & Premachandra, I. M. (2017). The impact of regulatory change on EU energy utility returns: The three liberalization packages. Applied Economics. Advance online publication. doi: 10.1080/00036846.2017.1346366

Galagedera, D. U. A., Watson, J., Premachandra, I. M., & Chen, Y. (2016). Modeling leakage in two-stage DEA models: An application to US mutual fund families. Omega, 61, 62-77. doi: 10.1016/j.omega.2015.07.007

Kuruppuarachchi, D., & Premachandra, I. M. (2016). Information spillover dynamics of the energy futures market sector: A novel common factor approach. Energy Economics, 57, 277-294. doi: 10.1016/j.eneco.2016.05.015

Srivastava, S., Lin, H., Premachandra, I. M., & Roberts, H. (2016). Global risk spillover and the predictability of sovereign CDS spread: International evidence. International Review of Economics & Finance, 41, 371-390. doi: 10.1016/j.iref.2015.10.047

Premachandra, I. M., Zhu, J., Watson, J., & Galagedera, D. U. A. (2012). Best-performing US mutual fund families from 1993 to 2008: Evidence from a novel two-stage DEA model for efficiency decomposition. Journal of Banking & Finance, 36(12), 3302-3317. doi: 10.1016/j.jbankfin.2012.07.018

Watson, J., Wickramanayke, J., & Premachandra, I. M. (2011). The value of Morningstar ratings: Evidence using stochastic data envelopment analysis. Managerial Finance, 37(2), 94-116. doi: 10.1108/03074351111103659

Premachandra, I. M., Chen, Y., & Watson, J. (2011). DEA as a tool for predicting corporate failure and success: A case of bankruptcy assessment. Omega, 39(6), 620-626. doi: 10.1016/j.omega.2011.01.002

Oskam, C. L., Premachandra, I. M., & Dias, G. J. (2010). Bizygomatic breadth determination in damaged skulls. International Journal of Osteoarchaeology, 20(5), 540-548. doi: 10.1002/oa.1087

Alexander, D. R., Premachandra, I. M., & Kimura, T. (2010). Transient and asymptotic behavior of synchronization processes in assembly-like queues. Annals of Operations Research, 181, 641-659. doi: 10.1007/s10479-010-0796-9

Premachandra, I. M., Bhabra, G. S., & Sueyoshi, T. (2009). DEA as a tool for bankruptcy assessment: A comparative study with logistic regression technique. European Journal of Operational Research, 193(2), 412-424. doi: 10.1016/j.ejor.2007.11.036

Cao, X., Premachandra, I. M., Bhabra, G. S., & Tang, Y. P. (2009). Firm size and the pre-holiday effect in New Zealand. International Research Journal of Finance & Economics, 32, 171-187.

Campbell, A., Premachandra, I. M., Bhabra, G. S., Tang, Y. P., & Watson, J. (2008). GDP, share prices, and share returns: Australian and New Zealand evidence. Journal of Money, Investment & Banking, 5, 28-56.

Ferguson, E. L., Darmon, N., Fahmida, U., Fitriyanti, S., Harper, T. B., & Premachandra, I. M. (2006). Design of optimal food-based complementary feeding recommendations and identification of key ″problem nutrients″ using goal programming. Journal of Nutrition, 136, 2399-2404.

Dias, G. J., Premachandra, I. M., Mahoney, P. M., & Kieser, J. A. (2005). A new approach to improve TMJ morphological information from plain film radiographs. CRANIO, 23(1), 30-38.

Ferguson, E. L., Darmon, N., Briend, A., & Premachandra, I. M. (2004). Food-based dietary guidelines can be developed and tested using linear programming analysis. Journal of Nutrition, 134(4), 951-957.

Premachandra, I. M. (2004). A diffusion approximation model for managing cash in firms: An alternative approach to the Miller-Orr model. European Journal of Operational Research, 157, 218-226.

Dias, G., Dennison, K. J., & Premachandra, I. M. (2002). A newly-discovered craniological non-metric trait. Antropologia Portuguesa, 19, 41-55.

Premachandra, I. M. (2001). Controlling factor weights in data envelopment analysis by incorporating decision maker's value judgement: An approach based on AHP. Journal of Information & Management Science, 12(2), 1-12.

Dias, G., Dennison, K. J., & Premachandra, I. M. (2001). The previously unrecognized posterior deep temporal nerve groove on the cranial base. International Journal of Osteoarchaeology, 11, 241-248.

Premachandra, I. M. (2001). A note on DEA vs principal component analysis: An improvement to Joe Zhu's approach. European Journal of Operational Research, 132(3), 553-560.

Premachandra, I. M. (2001). An approximation of the activity duration distribution in PERT. Computers & Operations Research, 28(5), 443-452.

Premachandra, I. M., Powell, J. G., & Watson, J. (2000). A simulation approach for stochastic data envelopment analysis. International Journal of Information & Management Sciences, 11(1), 11-31.

Powell, J. G., & Premachandra, I. M. (1998). Accommodating diverse institutional investment objectives and constraints using non-linear goal programming. European Journal of Operational Research, 105(3), 447-456.

Premachandra, I. M., Powell, J. G., & Shi, J. (1998). Measuring the relative efficiency of fund management strategies in New Zealand using spreadsheet based stochastic data envelopment analysis model. Omega, 26(2), 319-331.

Premachandra, I. M., & Rajasingh, A. (1997). Production planning for chicken processing. OR Insight, 10(3), 27-32.

Premachandra, I. M., & Gonzalez, M. L. (1995). A simulation model solved the scheduling problem of drilling rigs at Clyde Dam. Interfaces, 26(2), 80-91.

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Conference Contribution - Published proceedings: Full paper

Whigham, P. A., Withanawasam, R., Crack, T., & Premachandra, I. M. (2010). Evolving trading strategies for a limit-order book generator. Proceedings of the IEEE Congress on Evolutionary Computation (CEC). (pp. 2467-2474). doi: 10.1109/CEC.2010.5586114

Alexander, D. R., Premachandra, I. M., & Kimura, T. (2009). Transient and asymptotic analysis of synchronization processes in assembly-like queues. In S. I. Ao, O. Castillo, C. Douglas, D. D. Feng & J.-A. Lee (Eds.), Proceedings of the International MultiConference of Engineers and Computer Scientists (IMECS) (Vol 2). (pp. 1977-1981). Newswood. [Full Paper]

Premachandra, I. M., & Stent, A. F. (1996). A linear programming model for fleet management. Proceedings of the Pan-Pacific Conference XIII. (pp. 139-140). Chiba, Japan: Pan Pacific Business Association. [Full Paper]

Powell, J. G., & Premachandra, I. M. (1996). Accommodating conflicting institutional investment objectives using goal programming. In V. Grey & V. Llanes (Eds.), Compedative advantage through Networks: Conference Procedings, Academy of International Business South-east Asia Regional Conference. Dunedin: Executive Education Programme, University of Otago. [Full Paper]

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Conference Contribution - Published proceedings: Abstract

Tulloch, D. J., Diaz-Rainey, I., & Premachandra, I. M. (2014). The impact of liberalization and environmental policy on financial risk-return profiles of European energy utilities. Proceedings of the Otago Energy Research Centre (OERC) Symposium. (pp. 13). Retrieved from http://www.otago.ac.nz/oerc/

Blyth, P., Baillie, L. J., Premachandra, I. M., & Dias, G. J. (2011). Sources of error in facial soft tissue depths. Clinical Anatomy. 24(3), (pp. 402-403). doi: 10.1002/ca.21157

Baillie, L. J., Blyth, P., Premachandra, I. M., & Dias, G. J. (2011). Virtual digital measurement of facial soft tissue and bone from living subjects. Clinical Anatomy. 24(3), (pp. 407). doi: 10.1002/ca.21157

Sologar, K., Premachandra, I., Swindells, S., Soal, S., & Dias, G. J. (2010). Forensic facial approximation of a wrapped pre-ptolomaic Egyptian mummy using neural network predicted facial soft tissue depths. Clinical Anatomy. 23, (pp. 343-344). doi: 10.1002/ca.20954

Baillie, L., Blyth, P., Premachandra, I., & Dias, G. (2010). Virtual digital measurement of facial soft tissue and bone from living subjects. New Zealand Medical Journal, 123(1327). Retrieved from http://journal.nzma.org.nz/journal/123-1327/4493/content.pdf

Withanawasam, R., Whigham, P. A., Crack, T. F., & Premachandra, I. M. (2010). Characterizing abnormal behaviors in stock markets. Proceedings of the Information Science Postgraduate Day. (pp. 31-32). Retrieved from http://infosci.otago.ac.nz/information-science-postgrad-day-2010/

Oskam, C. L., Codinha, S. C. F., Premachandra, I. M., & Dias, G. J. (2009). Bizygomatic breadth determination in skulls with damaged zygomatic arches. Homo. 60(3), (pp. 253-254). doi: 10.1016/j.jchb.2009.02.025

Premachandra, I. M., Alexander, D. R., & Galagedera, D. U. A. (2006). Modeling a queueing system with transacting populations. Proceedings of the International MultiConference of Engineers and Computer Scientists. (pp. 766-768). Kwun Tong, Hong Kong: Newswood. [Abstract]

Ferguson, E. L., Fahmida, U., Fitriyanti, S., Harper, T. B., Darmon, N., & Premachandra, I. M. (2006). A rigorous approach to design optimal complementary feeding recommendations for young children in developing countries. In Y. Kalambaheti & S. Charoenkiatkul (Eds.), Proceedings of the Bioavailability Conference. (pp. 69). Chiang Mai, Thailand: Mahidol University. [Abstract]

Oskam, C., Codinha, S., Premachandra, I., & Dias, G. (2006). Forensic facial reconstruction on damaged skulls. New Zealand Medical Journal, 119(1245). Retrieved from http://journal.nzma.org.nz/journal/119-1245/2331/content.pdf

Premachandra, I. M., Bhabra, G. S., & Buchanan, R. (2005). Predicting corporate bankruptcy. Proceedings of the 17th Triennial Conference of the International Federation of Operational Research Societies. (pp. 42). Hawaii: INFORMS. [Abstract]

Rigby, P., Ferguson, E., Chisholm, A., Fleming, L., Premachandra, I., Blakey, C., & Darmon, N. (2004). A computerised-assisted tool to improve toddlers' diets. Proceedings of the New Zealand Dietetic Association Conference. 9, (pp. 38-39). [Abstract]

Premachandra, I. M. (2003). A diffusion approximation model for managing cash in firms. Proceedings of the 5th International Congress on Industrial and Applied Mathematics. [Abstract]

Dias, G., Dennison, K. J., & Premachandra, I. M. (2002). The previously unrecognized posterior deep temporal nerve groove on the cranial base. Proceedings of 14th European Meeting of the Paleopathology Association. (pp. 52). Coimbra, Portugal: Paleopathology Association. [Abstract]

Powell, J. G., Premachandra, I. M., & Shi, J. (1997). Portfolio management using a spreadsheet based stochastic data envelopment analysis model. Association of Asian-Pacific Operational Research Societies. [Abstract]

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Conference Contribution - Poster Presentation (not in published proceedings)

Bhabra, G. S., Buchanan, R., & Premachandra, I. M. (2004, July). Predicting corporate bankruptcy: Data envelopment analysis as an alternative to logistic regression technique. Poster session presented at the Accounting & Finance Association of Australia and New Zealand Annual Conference, Alice Springs, Northern Territory.

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