Sam L. Savage

Consulting Professor
At Stanford since 1990



Biography

After receiving his Ph.D. in the field of computer science, from Yale University in 1973, Sam spent a year at General Motors Research Laboratory, and then joined the Management Science faculty of the University of Chicago Graduate School of Business. Here he discovered that an Algebraic Curtain separated the bulk of his management students from management science. In 1985 Dr. Savage led the development of a software package called What'sBest!®, that coupled Linear Programming to Lotus 1-2-3. The package won PC Magazine's Technical Excellence Award in 1986. Sam has worked ever since to bring analytical tools to managers in an algebra free environment. In 1990, Sam moved to Stanford, where he teaches Management Science in the Engineering School. He has also been a Visiting Professor at Northwestern University’s Kellogg School and the Naval Postgraduate School in Monterrey.

Recent publications include articles on The Flaw of Averages in the San Jose Mercury News, and Harvard Business Review, and Accounting for Uncertainty, in the Journal of Portfolio Management. Dr. Savage consults and lectures extensively to business and government agencies and has served as an expert witness. Harry Markowitz, Nobel Laureate in Economics, has called Dr. Savage’s book and software, INSIGHT.xla, "a Must Read.” Sam’s Monte Carlo simulation package for Excel, XLSim® has also been well received. This package includes Dr. Savage’s tutorial on Understanding Uncertainty, with a foreword by Peter L. Bernstein, author of Against the Gods.

Dr. Savage is founder and president of AnalyCorp Inc., a firm that develops executive education programs and software for improving business analysis.

Contact Information
Department of Management Science and Engineering
Terman Bldg, Rm 303
Stanford University
Stanford, CA 94305-4026
Email: savage@stanford.edu
Tel: (650)723-1670
Fax: (650) 424-1966

For appointments, please send me email
or call Lorrie Papadakis: (650)725-0535
(lorriep @ stanford.edu).