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Centers | Energy Management and Innovation Center

About EMIC

Effective energy management is one of the most critical challenges facing the world today. Over the last century, developed economies have grown accustomed to readily available energy at reasonable cost, but the increasingly rapid growth of the world’s emerging economies will test the limits of this abundance. Now more than ever, new business strategies and technology solutions are needed to ensure that countries around the world have access to reliable energy at predictable prices with minimal environmental impact.

With the nation’s energy hub just miles down the road, the McCombs School of Business at The University of Texas at Austin is uniquely situated to serve as a catalyst for energy-related research and teaching that will contribute to the world’s need for innovative energy solutions. 

Our mission is to empower leaders to more effectively manage energy demand and resources while enabling innovative technologies grounded in sound business principles. To achieve this, we will do the following:

  • Create a professional network for effective collaboration;
  • Inspire honest debate on energy management and policy; and
  • Strengthen the education of tomorrow’s energy leaders.

EMIC Leadership:

  • Sheridan Titman, Executive Director 

    Department of Finance Sheridan_Titman
    Walter W. McAllister Centennial Chair in Financial Services
    Dr. Titman has a national reputation for his research on corporate finance, real estate and asset pricing issues. He currently blogs on energy policy from a financial economist’s perspective. Having co-authored a leading advanced corporate finance textbook entitled “Financial Markets and Corporate Strategy,” he has served on the editorial boards of leading academic journals.
    Professor Titman is a past director of the American Finance Association and a current director of both the Asia Pacific Finance Association and the Western Finance Association. He has served on the faculties of UCLA, the Hong Kong University of Science and Technology, and Boston College. He has also worked in Washington D.C. as special assistant to the Assistant Secretary of the Treasury for Economic Policy. He is a research associate of the National Bureau of Economic Research.
    Professor Titman holds a B.S. from the University of Colorado and an M.S. and Ph.D. from Carnegie Mellon University.
  • John C. Butler, Associate Director of Academics
    Clinical Associate Professor, Finance John_Butler
    Dr. Butler’s research focuses on the Decision Sciences: decision analysis, operations, information systems, management science and statistics. He serves as Secretary/Treasurer of INFORMS Decision Analysis Society, an organization comprised of over 900 academics and practitioners in the field of decision analysis.
    For EMIC, Dr. Butler is focused on building energy-specific business curriculum. He teaches MBA-level energy finance classes and supervises student participation in practicums and case competitions.
    Professor Butler received his B.B.A. from Texas A&M University and his Ph.D. from The University of Texas at Austin.
  • James Dyer, Co-Director
    Department of Information, Risk and Operations ManagementJames_Dyer2
    Fondren Foundation Centennial Chair in Business
    Dr. Dyer’s research and teaching interests include risk management and capital budgeting. He has published three books and more than sixty articles on risk analysis and investment science. He received the College of Business Administration Foundation Advisory Council Award for Outstanding Research Contributions in 1999. Jim is the former Chair of the Decision Analysis Society of the Operations Research Society of America (now INFORMS). This group has a membership of over 900 academics and practitioners in the field of decision analysis. He received the Frank P. Ramsey Award for outstanding career achievements from the Decision Analysis Society of INFORMS in 2002.
    Professor Dyer has offered executive education programs throughout the world, many of which were for energy companies, including ENI, PEMEX, Petrobras, Petronas, Shell and Texaco. In addition, Professor Dyer has also provided consulting services and expert witness testimony related to application of risk analysis and investment science to problems such as forecasting gas prices, assessing the construction and management of a nuclear power project, hedging natural gas purchases, forecasting demand for electric power, and analyzing capital investments in wind technologies, among others.
    Dr. Dyer received his B.A. and Ph.D. from The University of Texas at Austin.
  • Wayne Hoyer, Co-Director 
    Department of MarketingWayne_Hoyer
    Dr. Hoyer's major area of study is consumer psychology. His research interests include consumer information processing and decision making, customer relationship management, and advertising information processing (including miscomprehension and humor).
    Dr. Hoyer has published over 60 articles in the Journal of Consumer Research, Journal of Marketing Research, Journal of Marketing, Journal of the Academy of Marketing Science, Journal of Retailing, and other marketing and psychology forums. He is co-author of a textbook in consumer behavior with Deborah MacInnis (now in the 5th Edition). His teaching interests include consumer behavior, customer strategy, and integrated marketing communications.
  • Stephen Limberg, Co-Director
    Department of AccountingStephen_Limberg
    PricewaterhouseCoopers Centennial Professor
    Dr. Limberg is currently the director of the MPA Program and was chair of the Department of Accounting from 1997-2003. His research interests include international business and tax. Professor Limberg is the recipient of several distinguished teaching awards, including the McCombs School Teaching Innovation Award in 2004.
    Dr. Limberg received his B.A. from Occidental College, his M.B.A. from San Diego State University, and his Ph.D. from Arizona State University.
  • Leigh McAlister, Co-Director 
    Department of MarketingLeigh_McAllister
    Ed and Molly Smith Chair in Business Administration
    Dr. McAlister’s research focuses on consumers’ reactions to marketing interventions and the strategic implications of those reactions. Published in Journal of Consumer Research, Journal of Marketing, Journal of Marketing Research, Marketing Science and Journal of Retailing, this work has been supported by Procter & Gamble, HEB Grocery Co., 3M, Motorola, Frito-Lay, Philip Morris, Pepsi, Miller, McLane Distributing, and the Marketing Science Institute.
    Professor McAlister is on editorial boards of the Marketing Science, Journal of Marketing Research, Journal of Marketing, Journal of Consumer Psychology and Marketing Letters, and served as Executive Director of the Marketing Science Institute, 2003-2005.
    Professor McAlister received a B.A. from the University of Oklahoma and an M.S. and a Ph.D. from Stanford University.
  • Ehud I. Ronn, Co-Director
    Department of FinanceEhud_Ronn
    Director, Center for Energy Finance Education and Research
    Dr. Ronn’s research and teaching interests focus on the valuation of energy commodity-contingent securities. He has published articles on investments, interest rate-sensitive instruments and energy derivatives in the academic and practitioner literature, including Journal of Finance, Journal of Business, American Economic Review and Energy & Power Risk Management. He is the editor of Real Options and Energy Management: Using Options Methodology to Enhance Capital Budgeting Decisions.
    Prior to joining the University of Texas at Austin in July 1988, Dr. Ronn was a faculty member of the business schools at the University of California, Berkeley, and the University of Chicago.
    Professor Ronn received his B.Sc. and M.Sc. from Technion, Israel Institute of Technology, and his Ph.D. from Stanford University.
  • David Spence, Co-Director 
    Department of Business, Government and SocietyDavid_Spence
    Professor Spence’s research and teaching focuses on business-government relations and the regulation of business, particularly energy and environmental regulation. Before coming to academia, he was a practicing attorney representing public utilities, energy companies and others in connection with a wide variety of environmental and energy regulatory matters.
    Professor Spence has taught as a visitor at the Duke University Nicholas School of the Environment, the Vanderbilt Law School, the Cornell Law School, Harvard Law School, IMADEC University in Vienna, Austria, and the Bren School of the Environment at the University of California at Santa Barbara.
    Dr. Spence received his B.A from Gettysburg College, his J.D. from the University of North Carolina and his Ph.D. in political science from Duke University.