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FacultyCV

Johnathan C Mun

Research Professor
Information Sciences
Graduate School of Operational and Information Sciences

Phone: (925) 998-5101
NPS Experience
  • 2005 - current: Research Professor
Other Experience
  • 2005 CEO, Real Options Valuation, Inc.
  • 2002 - 2005 Vice President of Analytics, Decisioneering, Inc.
  • 1999 - 2002 Consulting Senior Manager, KPMG Consulting
  • 1998 - 1999 Financial Forecasting Manager, Viking FedEx
Research Interests
Risk analysis
Strategic analysis
Real options
Simulation
Optimization
Teaching Interests
Risk analysis
Real options analysis
Simulation and forecasting
Optimization
Financial management
Economics

Awards

  • Bowman-Ashe Academic Merit
  • Phi Beta Kappa Honors
  • 1980 - American Mensa

Boards, Memberships, & Certifications

Professional Memberships
  • American Economic Association
  • American Mensa
  • Association of Investment Management and Research
  • Eastern Finance Association
  • Financial Management Association
  • Global Association of Risk Professionals
  • Institute of Economic Strategy
  • Institute of Management Accountants
  • National Association of Business Economics
  • Phi Beta Kappa
  • Phi Kappa Phi National Honor Societies
  • Southern Finance Association
Licensures and Certifications
  • 2005 - 2035 Certified Quantitative Risk Management (CQRM)
  • 2000 - 2035 Financial Risk Manager (FRM)
  • 2000 - 2035 Certified in Financial Consulting (CFC)

Scholarly Work

Publications
  • Book
  • Mun, J. C, (2019). Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions (Third Edition) Thomson-Shore.
  • Mun, J. C, (2019). Applied Analytical Project Economic and Financial Evaluation IIPER Press.
  • Mun, J. C, (2019). Applied Analytical Enterprise Risk Management IIPER Press.
  • Mun, J. C, (2019). Applied Analytical Credit, Market, Operational and Liquidity Risk IIPER Press.
  • Mun, J. C, (2019). Applied Analytical Project Management IIPER Press.
  • Mun, J. C, (2019). Applied Analytical Quantitative Research Methods with ROV BizStats IIPER Press.
  • Mun, J. C, (2019). Applied Analytical Probability Distributions IIPER Press.
  • Mun, J. C, (2019). Quantitative Research Methods: Applying Econometrics, Multivariate Regression, Parametric and Nonparametric Hypothesis Testing, Monte Carlo Risk Simulation, Predictive Modeling and Forecasting, Optimization, Data Analytics, Business Intelligence, and Decision Modeling ROV Press.
  • Mun, J. C, (2016). Advanced Analytical Models in ROV Modeling Toolkit: Over 800 Models and 300 Applications from Basel II Accords to Wall Street and Beyond (Second Edition) Thomson-Shore.
  • Mun, J. C, (2015). Modeling Risk: Applying Monte Carlo Risk Simulation, Strategic Real Options Analysis, Stochastic Forecasting, and Portfolio Optimization (Third Edition) Thomson-Shore.
  • Mun, J. C, (2015). Certified Quantitative Risk Management (CQRM): Readings ROV Press.
  • Mun, J. C, (2015). Certified Quantitative Risk Management (CQRM): Case Studies ROV Press.
  • Glantz, M., & Mun, J. C, (2010). Credit Engineering for Bankers: A Practical Guide for Bank Lending Academic Press.
  • Mun, J. C, (2008). Advanced Analytical Models: Over 800 Models and 300 Applications from the Basel Accords to Wall Street and Beyond John Wiley & Sons.
  • Glantz, M., & Mun, J. C, (2008). The Banker's Handbook on Credit Risk: Implementing Basel Accords Academic Press.
  • Mun, J. C, (2006). Modeling Risk: Applying Monte Carlo Simulation, Real Options Analysis, Stochastic Forecasting, and Optimization (Second Edition) John Wiley & Sons.
  • Mun, J. C, (2005). Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions (Second Edition) John Wiley & Sons.
  • Mun, J. C, (2005). Modeling Risk: Applying Monte Carlo Simulation, Real Options Analysis, Stochastic Forecasting, and Optimization (First Edition) John Wiley & Sons.
  • Mun, J. C, (2004). Valuing Employee Stock Options John Wiley & Sons.
  • Mun, J. C, (2003). Real Options Analysis Course: Business Cases and Software Applications John Wiley & Sons.
  • Mun, J. C, (2003). Managing Your Finances God’s Way Xulon Press.
  • Mun, J. C, (2003). Applied Risk Analysis: Moving Beyond Uncertainty in Business Wiley Finance.
  • Mun, J. C, (2002). Real Options Analysis: Tools and Techniques for Valuing Strategic Investments and Decisions John Wiley & Sons.
  • Book Chapter
  • Mun, J. C., Mun, J. C., & Rocco, C. M, (2017). A Combined Lexicographic Average Rank Approach for Evaluating Uncertain Multi-indicator Matrices with Risk Metrics. Partial Order Concepts in Applied Sciences (pp. 105-118). Springer International Publishing.
  • Baer, W., Housel, T. J., & Mun, J. C, (2015). A New Theory of Value: The New Invisible Hand of Altruism. Intellectual Capital in Organizations Routledge.
  • Mun, J. C., Donaldson, I., Housel, T. J., & Hom, S, (2015). Part B: Visualization of Big Data: Ship Maintenance Metrics Analysis. Handbook of Measurements: Benchmarks for Systems Accuracy and Precision CRC Press.
  • Mun, J. C., & Housel, T. J, (2015). A Risk-Based Approach to Cost–Benefit Analysis: Strategic Real Options, Monte Carlo Simulation, Knowledge Value Added, and Portfolio Optimization. Military Cost-Benefit Analysis: Theory and Practice Routledge.
  • Donaldson, I. J., Hom, S., Housel, T. J., Mun, J. C., & Silkey, T, (2015). Part A: Visualization of Big Data: Current Trends. Handbook of Measurements: Benchmarks for Systems Accuracy and Precision (pp. 338--353). CRC Press.
  • Mun, J. C, (2013). Extreme Value Theory and Application to Market Shocks for Stress Testing and Extreme Value at Risk. Multi-asset risk modeling: techniques for a global economy in an electronic and algorithmic trading era Academic Press.
  • Mun, J. C, (2013). A Primer on Quantitative Risk Analysis. Multi-Asset Risk Modeling: Techniques for a Global Economy in an Electronic and Algorithmic Trading Era
  • Mun, J. C, (2012). Real Options in Practice. Real Options in Engineering Design, Operations and Management (pp. 7-14). CRC Press London, UK.
  • Mun, J. C, (2012). Hands-on Applications of Real Options SLS. Real Options in Engineering Design, Operations, and Management CRC Press.
  • Mun, J. C, (2011). Capturing the Strategic Flexibility of Investment Decisions Through Real Options Analysis. The Strategic CFO (pp. 69-84). Springer Verlag.
  • Mun, J. C, (2010). Monte Carlo Risk Simulation. Quantitative Business Valuation (pp. 539-571). John Wiley & Sons, Inc..
  • Mun, J. C, (2010). Real Options. Quantitative Business Valuation (pp. 573-616). John Wiley & Sons, Inc..
  • Housel, T. J., Hom, S., Mun, J. C., & Komoroski, C. L, (2008). Applying KVA Analysis, Risk Simulation and Strategic Real Options: The Shipyard Case. Routledge.
  • Mun, J. C, (2006). Real Options and Monte Carlo Simulation versus Traditional DCF Valuation in Layman's Terms. Managing Enterprise Risk (pp. 75--106). Elsevier Science Ltd.
  • Mun, J. C, (2003). Strategic Real Options Valuation. Dealmaking: Using Real Options and Monte Carlo Analysis John Wiley & Sons.
  • Mun, J. C, (2003). A Banker’s Primer on Real Options. Managing Bank Risk: An Introduction to Broad-Base Credit Engineering Academic Press.
  • Conference Proceeding
  • Jones, R. D., Housel, T. J., Mun, J. C., & Carlton, B, (2019). A Comparative Analysis of Advanced Methodologies to Improve the Acquisition of Information Technology in the Department of Defense for Optimal Risk Mitigation and Decision Support Systems to Avoid Cost and Schedule Overruns. San Diego United States:
  • Anderson, M., & Mun, J. C, (2019). Technology Trust: The impact of trust metrics on the adoption of autonomous systems used in high risk applications.
  • Mun, J. C., Housel, T. J., Papoulias, F. A., & Didoszak, J. M, (2018). Panel 1. Exploring New Approaches in Ship Design and Construction.
  • Mun, J. C., Housel, T. J., & Majchrzak, L, (2018). Business Case Valuation of Strategic Flexibility in Ship Building: Justifying and Assessing the Value of Flexible Ships Design Features in New Navy Ship Concepts. Monterey, California. Naval Postgraduate School.
  • Mun, J. C, (2018). Capital Budgeting and Portfolio Optimization in the U.S. Navy and Department of Defense.
  • Mun, J. C, (2018). Flexible Ship Options.
  • Mun, J. C, (2018). Total Ownership with Lifecycle Cost Model Under Uncertainty.
  • Ford, D. N., Housel, T. J., & Mun, J. C, (2017). Shrinking the “Mountain of Metal”: The Potential of Three Advanced Technologies.
  • Mun, J. C, (2017). Assessing the Manning Options’ Impacts on Effectiveness and Efficiency of Technology Security and Foreign Disclosure Processes. Naval Postgraduate School, Monterey CA.
  • Mun, J. C., & Housel, T. J, (2017). Empirical Cost Estimation Tool (PMS 320)
  • Ford, D. N., Housel, T. J., & Mun, J. C, (2017). Panel 14. Reducing Life Cycle Costs Through COTS and Additive Manufacturing.
  • Mun, J. C., & Housel, T. J, (2017). Flexible and Adaptable Ship Options: Assessing the future value of incorporating flexible ships design features into new Navy ship concepts.
  • Mun, J. C., & Housel, T. J, (2017). Portfolio Optimization of Flexible Ship Options.
  • Mun, J. C,(Ed.). (2017). Real Options Valuation in the Design of Future Surface Combatants.
  • Ford, D. N., Housel, T. J., Hom, S., & Mun, J. C, (2016). Benchmarking Naval Shipbuilding with 3D Laser Scanning, Additive Manufacturing, and Product Lifecycle Management. Monterey, CA USA: NPS.
  • Housel, T. J., Mun, J. C., Ford, D. N., & Hom, S, (2016). Make or Buy: An Analysis of the Impacts of 3D Printing Operations, 3D Laser Scanning Technology, and Collaborative Product Lifecycle Management on Ship Maintenance and Modernization Cost Savings. Naval Postgraduate School Monterey United States.
  • Housel, T. J., Mun, J. C., Ford, D. N., Hom, S., Harris, D., & Cornachio, M, (2016). Measuring the Return on Investment and Real Option Value of Weather Sensor Bundles for Air Force Unmanned Aerial Vehicles. Naval Postgraduate School Monterey United States.
  • Ford, D. N., Housel, T., Hom, S., & Mun, J. C, (2016). Benchmarking Naval Shipbuilding With 3D Laser Scanning, Additive Manufacturing, and Collaborative Product Lifecycle Management.
  • Housel, T. J., Mun, J. C., Ford, D. N., & Hom, S, (2015). Benchmarking naval shipbuilding with 3D laser scanning, additive manufacturing, and collaborative product lifecycle management. Naval Postgraduate School Monterey United States.
  • Ford, D. N., Hom, S., Housel, T. J., & Mun, J. C, (2015). Make or Buy: Cost Impacts of Additive Manufacturing, 3D Laser Scanning Technology, and Collaborative Product Lifecycle Management on Ship Maintenance and Modernization.
  • Kenney, M. E., Mun, J. C., & Housel, T. J, (2013). Cost Reduction through the Use of Additive Manufacturing (3D Printing) and Collaborative Product Lifecycle Management Technologies to Enhance the Navy's Maintenance Programs.
  • Ford, D. N., Housel, T. J., & Mun, J. C, (2012). Naval Ship Maintenance: An Analysis of the Dutch Shipbuilding Industry using the Knowledge Value Added, Systems Dynamics, and Integrated Risk Management Methodologies.
  • Ford, D. N., Housel, T. J., & Mun, J. C, (2011). Ship Maintenance Processes with Collaborative Product Life Cycle Management and 3D Terrestrial Laser Scanning Tools: Reducing Costs and Increasing Productivity.
  • Wolff, R. G., Housel, T. J., & Mun, J. C, (2011). Analysis of ROI in industry SOA implementation.
  • Ford, D. N., Housel, T. J., & Mun, J. C, (2011). Ship maintenance processes with collaborative product lifecycle management and 3D terrestrial laser scanning tools: Reducing costs and increasing productivity.
  • Mun, J. C., & Housel, T. J, (2010). A Primer on Applying Monte Carlo Simulation, Real Options Analysis, Knowledge Value Added, Forecasting, and Portfolio Optimization.
  • Housel, T. J., Wessman, M., & Mun, J. C, (2010). Advanced Capability Builds for Aegis: Stochastic Portfolio Optimization (Selection and Prioritization), Risk Simulation, KVA, and Strategic Real Options. Monterey, California. Naval Postgraduate School.
  • Ford, D. N., Housel, T., Dillard, J. T., Mun, J. C., & Wessman, M, (2010). Using Knowledge Value Analysis and Real Options Analysis to Improve DoD Acquisition Planning and Management.
  • Mun, J. C., Housal, T., & Wessman, M. D, (2010). PEO-IWS ACB Insertion Portfolio Optimization.
  • Ford, D. N., Housel, T., Dillard, J. T., Mun, J. C., & Wessman, M, (2010). Panel 23--Using Knowledge Value Analysis and Real Options Analysis to Improve DoD Acquisition Planning and Management.
  • Mun, J. C., Housel, T. J., & Wessman, M. D, (2010). PEO-IWS ACB Insertion Portfolio Optimization (Excerpt from the Proceedings of the Seventh Annual Acqusition Research Symposium Thursday Sessions, Volume 2)
  • Olagbemiro, C. A., Mun, J. C., & Shing, M. T, (2009). Application of Real Options Theory to DoD Software Acquisitions.
  • Housel, T. J., & Mun, J. C,(Eds.). (2009). Applying modern portfolio theory and the capital asset pricing model to DoD's information technology investments.
  • Mun, J. C., & Housel, T. J, (2008). Ship Maintenance and Project Lifecycle Management.
  • Housel, T. J., Hom, S., Mun, J. C., & Komoroski, C. L, (2008). Applying KVA analysis, risk simulation and strategic Real Options.
  • Mun, J. C,(Ed.). (2008). Application of real options theory to software engineering for strategic decision making in software related capital investments.
  • Mun, J. C., Ahart, J., Housel, T. J., & Mun, J. C, (2007). AEGIS Platforms: The Potential Impact of Open Architecture in Sustaining Engineering. Naval Postgraduate School, Monterey CA.
  • Cook, G., Pavlou, P., Housel, T. J., & Mun, J. C, (2007). Return on Investment in Non-Revenue Generating Activities: Applying KVA and Real Options to Government Operations.
  • Housel, T. J., & Mun, J. C,(Eds.). (2007). The potential impact of collaborative and three-dimensional imaging technology on SHIPMAIN Fleet Modernization Plan.
  • Housel, T. J., Mun, J. C., & Rios, C. G, (2006). Integrated Portfolio Analysis: Return on Investment and Real Options Analysis of Intelligence Information Systems (Cryptologic Carry on Program)
  • Uchytil, J., Housel, T. J., Hom, S., Tarantino, E., & Mun, J. C, (2006). AEGIS and Ship Self-Defense (SSDS) Platforms: Using KVA Analysis, Risk Simulation and Strategic Real Options to Assess Operational Effectiveness.
  • Housel, T. J., Mun, J. C., & Cook, G. R, (2006). Plenary Panel--Estimating Return on Investment and Valuing Real Options in Acquisition.
  • Housel, T. J., Hom, S., & Mun, J. C, (2006). A Methodology for Improving the Shipyard Planning Process: Using KVA Analysis, Risk Simulation and Strategic Real Options.
  • Rios, C., Housel, T. J., Mun, J. C., Mirano, D., & Nelson, S, (2005). Using KVA and Real Options for IT Acquisition: Case Example.
  • Mun, J. C, (2005). Reducing Maintenance Program Costs with Improved Engineering Design Processes Using KVA Analysis, Risk Simulation, and Strategic Real Options.
  • Journal Article
  • Mun, J. C, Macroeconomic Analysis Using Input-Output Tables..
  • Mun, J. C., George, K., & Ledbetter, E, Total Ownership with Life-Cycle Cost Model Under Uncertainty for Surface Ships’ Electro-Optical-Infrared-Sensors. Defense Acquisition Research Journal, .
  • Mun, J. C., Guney, Y., & Hernandez, E, Why do some merger and acquisitions deals fail? A global perspective. International Journal of Finance and Economics, .
  • Mun, J. C., Rocco, C., & Hernandez, E, Application of Logic Regression to Assess the Importance of Interactions Between Components in a Network. Journal of Reliability Engineering and System Safety, .
  • Mun, J. C., & Anderson, M, (2020). Technology Trust: System Information Impact on Autonomous Systems Adoption in High-Risk Applications. Acquisitions Research Journal, .
  • Mun, J. C, (2020). Flexible Ships. Naval Engineers Journal, .
  • Mun, J. C, (2020). Capital Budgeting and Portfolio Optimization in the U.S. Navy and Department of Defense. Defense Acquisition Research Journal, 1(27), 60-107.
  • Mun, J. C, (2019). Financial Cycles: A Monetary Policy Indicator. The Journal for Money and Banking, 11(68).
  • Mun, J. C, (2019). Empirical Cost Estimation of U.S. Navy Ships. Universal Journal of Management, 5(7).
  • Mun, J. C., & Jagric, T, (2019). Deep Learning for Stock Market Trading: A Superior Trading Strategy? Neural Network World, 3(29), 151--171.
  • Mun, J. C., Hernandez-Perdomo, E., & Claudio, R, (2017). Active Management in State-Owned Energy Companies: Integrating a Real Options Approach into Multicriteria Analysis to Make Companies Sustainable. Journal of Applied Energy, (195), 487-502.
  • Mun, J. C., Albuquerque, Nelson R., Liong, C., & Salleh, A. R, (2013). Fuzzy Inference Systems, ASKE, Knowledge Value Added, and Monte Carlo Risk Simulation for Evaluating Intangible Human Capital Investments. Proceedings of the 20th National Symposium on Mathematical Sciences (SKSM20): Research in Mathematical Sciences: A Catalyst for Creativity and Innovation, Pts. A and B, (1522), 1166-1175.
  • Mun, J. C., Albuquerque, N., Mun, J. C., & Housel, T. J, (2012). Human Capital Valuation and Return on Investment of Corporate Education. Journal of Expert Systems with Applications, 15(39), 11934-11943.
  • Mun, J. C., Albuquerque, N., Mun, J. C., & Housel, T. J, (2012). Human Capital Valuation and Return on Investment of Corporate Education. Journal of Expert Systems with Applications, 15(39), 11934-11943.
  • Mun, J. C, (2012). Integrated Risk Management: A Layman’s Primer. Journal of Economic Strategies, 6-7, 48-62.
  • Mun, J. C., Mun, J. C., & Olagbemiro, A, (2011). Application of Real Options Theory to DoD Software Acquisitions. Defense Acquisition University, 1(18), 81-106.
  • Mun, J. C, (2003). Real Option Analysis: Implementation for Financial Planners. Financial Planning Journal, .
  • Mun, J. C., Bailey, W. C., Coulet, Benoit, & other, (2002). A Stepwise Example of Real Options Analysis of a Production Enhancement Project. Journal of the Society of Petroleum Engineers, .
  • Mun, J. C, (2002). The Real Options Solution. Financial Engineering News Journal, .
  • Mun, J. C, (2002). Using Real Options Software to Value Complex Options. Financial Engineering News Journal, (27).
  • Mun, J. C., Kish, R. J., & Vasconcellos, G. M, (2001). The Contrarian Investment Strategy: Additional Evidence. Journal of Applied Financial Economics, 6(11), 619-640.
  • Mun, J. C, (2000). Time-Varying Nonparametric Capital Asset Pricing Model: New Bootstrapping Evidence. Journal of Applied Financial Economics, .
  • Mun, J. C, (2000). The Contrarian/Overreaction Hypothesis: An Analysis of the U.S. and Canadian Stock Markets. Global Finance Journal, 1-2(11), 53-72.
  • Mun, J. C., Vasconcellos, G. M., & Kish, R, (1999). Tests of the Contrarian Investment Strategy: Evidence from the French and German Stock Markets. International Review of Financial Analysis, 3(8), 215-234.
  • Mun, J. C., Vasconcellos, G. M., & Kish, R, (1999). The Dividend-Price Puzzle: A Nonparametric Approach. Journal of Advances in Quantitative Analysis of Finance and Accounting, (7), 53-66.
  • Patent
  • Mun, J. C, (2018). Project Economics Analysis Tool.
  • Mun, J. C, (2017). Qualitative and Quantitative Modeling of Enterprise Risk Management and Risk Registers.
  • Mun, J. C, (2017). Autoeconometrics Modeling Method.
  • Bourakov, E., Mun, J. C., & Bourakov, V, (2016). Interactive content delivery system and apparatus with global reach capability.
  • Mun, J. C, (2016). Compiled and Executable Method.
  • Mun, J. C, (2015). Compiler, Extractor, and Evaluator Method.
  • Bourakov, E., & Mun, J. C, (2015). Interactive content delivery system and apparatus with global reach capability.
  • Mun, J. C, (2015). Integrated Risk Management Process.
  • Mun, J. C, (2015). System and Method for Modeling and Quantifying Regulatory Capital, Key Risk Indicators, Probability of Default, Exposure at Default, Loss Given Default, Liquidity Ratios, and Value at Risk, within the Areas of Asset Liability Management, Credit Risk, Market Risk, Operational Risk, and Liquidity Risk for Banks.
  • Mun, J. C, (2015). System for Modeling Risk Valuations for a Financial Institution.
  • Mun, J. C, (2014). Project Economics Analysis Tool.
  • Mun, J. C, (2014). Financial Options System and Method.
  • Mun, J. C, (2014). Qualitative and Quantitative Analytical Modeling of Sales Performance and Sales Goals.
  • Mun, J. C, (2014). System and Method for Providing a Customized Options Valuation Lattice.
  • Mun, J. C., & Schmidt, T. M, (2014). Health Quant Data Modeler with Health Care Real Options Analytics, Rapid Economic Justification, and Affordable Care Act Enabled Options.
  • Mun, J. C, (2014). Evaluation Compiler Method.
  • Mun, J. C, (2013). Autoeconometrics Modeling Method.
  • Mun, J. C, (2013). Financial Options System and Method.
  • Mun, J. C., & Schmidt, T. M, (2013). Health Quant Data Modeler.
  • Mun, J. C, (2010). Credit and Market Risk Evaluation Method.
  • Ph.D. Dissertation
  • Mun, J. C, (1998). Contrarian Investment Strategy in International Stock Markets Using Nonparametric Multifactor Bootstrap Models.
  • Research Report
  • Lewis, I. A., & Mun, J. C, (2018). The Growth of the Navy Contracting Workforce and Its Impact on Levels of Contracting Activity.
  • Written Case with Instructional Material
  • Mun, J. C, (2015). Risk Simulator Guide.
  • Mun, J. C, (2015). PEAT: Project Economics Analysis Tool.
  • Mun, J. C, (2015). Real Options SLS Guide.
  • Mun, J. C, (2015). CQRM Training: Certified in Quantitative Risk Management.
  • Mun, J. C, (2005). Simulador de Riesgo: Manual de Usuario.