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Dr Thanos Goltsos

Dr Thanos Goltsos

Lecturer in Management Science, The PARC Assistant Professor of Manufacturing and Logistics

+44 (0)29 2087 9325
C28, Aberconway Building, Colum Road, Cathays, Cardiff, CF10 3EU


I hold an MEng in Mechanical Engineering (incl MSc in Industrial Management) from Aristotle University of Thessaloniki, an MSc in Business Analysis and Management (hons) from Loughborough University, and a PhD in operations management from the Management Science Laboratory of Athens University of Business and Economics.

Prior to my current role, I have been employed as a Research Associate with ASTUTE (first on 2014 and then again on a followup project in 2019), working on numerous projects with industry around forecasting and inventory control optimisation applications. In between, I successfully applied for and then was employed in a Knowledge Transfer Partnership on remanufacturing operations co-funded by the EPSRC, Innovate UK, and the company partner. Both projects won the Cardiff University Innovation and Impact award in the Business Innovation category (in 2015 and 2019 respectively). Since 2020, I have been employed as the PARC Assistant Professor of Manufacturing and Logistics. Throughout this time I have worked closely with industry in numerous projects, advised, supervised and created a number of bespoke forecasting and inventory control solutions and applications. Information on some of these and other projects can be found here.

My research and teaching interests revolve around forecasting and inventory control with a focus on the operations management side of the Circular Economy,  (forward and) reverse supply chains, simulation, and optimisation.



  • PhD in Operational Research from the department of Management Science & Technology of the Athens University of Economics and Business.
  • MSc in Business Analysis and Management from Loughborough University, with honours.
  • MEng (5 years) in Mechanical Engineering from Aristotle University of Thessaloniki;
    • (includes MSc in Industrial Management).
  • High School, the American College of Greece (Pierce College), with honours.

Honours and awards

  • Cardiff University Innovation and Impact awards: 2019 (Qioptiq KTP).
  • Cardiff University Innovation and Impact awards: 2015 (ASTUTE project).

Professional memberships

  • International Institute of Forecasters (IIF)
  • Accredited member of Technical Chamber of Greece (TEE) - Chartered Mechanical Engineer.




Primary research interests

  • Statistical sales/demand forecasting and management
  • Statistical inventory control and inventory management
  • Simulation
  • Model selection and optimisation, combinations
  • Decision Support Systems
  • Temporal and hierarchical aggregation

Research Areas

  • Forward (linear) and reverse (circular) supply chains
  • Remanufacturing
  • Repurposing
  • the Circular Economy


I am particularly interested in supervising PhD students in the areas of:

  • Forecasting (forward and reverse)
  • Inventory control (demand/sales and returns)
  • Circular economy strategies (Remanufacturing, Repurposing, Recycling) and aspects therein
  • Simulation and optimisation
  • Supply chain modelling

Past projects

I have in the past supervised/currently supervising

  • Research on circular economic strategies
  • Inventory forecasting solutions and software development (research associates and company employees)
  • Theses on inventory forecasting, modelling and simulation
  • Theses on various areas in and outside my interests, literature reviews