IIT Madras (IIT M) alumnus, recently launched the 'Institute Chair' at the esteemed institutes' department of Management Studies

Updated on: Friday, February 19, 2016

iitm Professor Sridhar Tayur, an IIT Madras (IIT M) alumnus, recently launched the 'Institute Chair' at the esteemed institutes' department of Management Studies.

The Chair is endowed with a sum of Rs 50 lakhs and is set up in the name of 'Rags Family Foundation', known for making various other philanthropic gifts in the areas of higher education, entrepreneurship, independent films, microfinance and children's health, development and safety.

The Board of Governors of IIT M created the "Institute Chair Professorship" that will be occupied by those professors who have distinguished themselves and have been recognized by their peers for their research and/or technology development, and who have excelled in teaching and service to the Institute/ nation/ profession.

According to newspaper reports, Professor R Nagarajan, Dean of International & Alumni Relations at IIT M, welcomed the setting up of the Chair and said, "This is another sign of the continuing support that IIT Madras enjoys from our alumni. They contribute time, talent and treasure, and we value them all equally."

The chair professors are appointed for a term of 5 years, after which their work is reviewed and based on the performance, an extension is possible. In addition to other benefits, the chair professors receive a monthly honorarium.

Professor Tayur is a Ford distinguished research chair and professor of Operations management at theTepper school of Business, Carneige Mellon University. Tayur is known for his work in Inventory Theory, Supply Chain Management, Lean Manufacturing, Operations Strategy, and Healthcare Management.

IIT Madras (IIT M) alumnus, recently launched the 'Institute Chair' at the esteemed institutes' department of Management Studies

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