College of Business University of Illinois at Urbana-Champaign
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Don N. Kleinmuntz
Professor of Business Administration

Educational Background

Ph.D. Business Administration, M.B.A., B.A. Statistics, University of Chicago, 1982, 1980, 1978.

Positions Held

At the University of Illinois since 1989. Associate professor of accountancy, 1989-97. Assistant professor of behavioral and policy sciences at Massachusetts Institute of Technology Sloan School of Management, 1986-89. Assistant professor of management at the University of Texas at Austin, 1982-86.

Recent Publications

Kleinmuntz, D., Dietrich, J., Kachelmeier, S., & Linsmeier, T. 2001. Market efficiency, bounded rationality, and supplemental business reporting disclosures. Journal of Accounting Research, 39: 243-268.

Kleinmuntz, D., & Kleinmuntz, C. 1999. Strategic approaches for allocating capital in healthcare organizations. Healthcare Financial Management, 53: 52-58.

Kleinmuntz, D., Kleinmuntz, C., Stephen, R., & Nordlund, D. 1999. Measuring and managing risk improves strategic financial planning. Healthcare Financial Management, 53: 50-58.

Honors and Awards

First Prize, INFORMS Annual Case Competition, 2001. Incomplete List of Teachers Ranked as Excellent, 2000-2003. Outstanding Instructor Award, Executive MBA, 2002, 2003.

Academic Service

Editor-in-Chief, Decision Analysis, 2001–present. Treasurer, INFORMS Decision Analysis Society, 2003. Board member, INFORMS Decision Analysis Society, Organizational Behavior and Human Decision Processes. Associate Editor, Management Science, 1999-2001. Editorial board, Organizational Behavior and Human Decision Processes, 1999-2001.

Teaching and Research

Teaches courses in decision and risk analysis, with applications to financial and strategic management. Research interests include the use of quantitative models to improve decision making in accounting, financial, and strategic management settings; the psychology of judgment and decision making; and the development of computer-based decision support tools. Also a founder and principal at Strata Decision Technology, LLC. Has consulted with numerous hospitals and healthcare organizations on issues related to resource allocation and risk-based financial forecasting in the healthcare industry. In addition to the healthcare industry, has worked on decision and risk analysis projects sponsored by the National Science Foundation, the Office of Naval Research, Caterpillar, PricewaterhouseCoopers, and Texas Instruments.

Contact Information:
208 Wohlers Hall
1206 South Sixth Street
Champaign, IL 61820
(217) 333-0694

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