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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. (2017, November). A market efficiency index for energy futures based on the term structure. Verbal presentation at the 3rd Applied Financial Modelling Conference, Kampar, Malaysia.

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

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

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

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

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

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

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

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.

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.

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.

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

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). 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.

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

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., 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/

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

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

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/

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

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]

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

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]

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)

Dias, G., Dennison, K. J., & Premachandra, I. M. (2004, October). The previously unrecognized posterior deep temporal nerve groove on the cranial base. Poster session presented at the Australian and New Zealand Association of Clinical Anatomists, Melbourne, Australia.

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