Dr. Isilay Talay

Dr. Isilay Talay

Assistant Professor, Trinity Business School

3531896 1347


Dr. Isilay Talay, BSc, MSc, PhD is an Assistant Professor in Operations and Supply Chain Management at Trinity Business School, Trinity College Dublin. She holds a Ph.D. in Operations Management from Duke University (USA), a MSc in Industrial Engineering from Koc University (Turkey), and BSc in Industrial Engineering from Istanbul Technical University (Turkey). She had practical training in healthcare operations and database management in Duke University Medical Center and she has previously worked as an Assistant Professor of Business Administration at Antalya Bilim University (Turkey). Her recent research interests lie in interplay of production and financing decisions, international trade, optimal staffing and workforce allocation. Her past published work includes optimal procurement and production with uncertain yield, dynamic pricing and replenishment with stochastic demand, and optimal staffing in healthcare with uncertain attrition.

Publications and Further Research Outputs

  • TALAY ISILAY,BAYRAM ORKUN, Efficient Payment System Selection in Global Supply Chains and International Trade Management, Ataturk University Journal of Economics and Administrative Sciences, 34, (3), 2020, p945 - 972Journal Article, 2020, DOI, URL
  • TALAY ISILAY, ÖZDEMIR AKYILDIRIM ÖZNUR, Optimal procurement and production planning for multi-product multi-stage production under yield uncertainty, EUROPEAN JOURNAL OFOPERATIONAL RESEARCH, 275, (2), 2019, p536 - 551Journal Article, 2019
  • TALAY ISILAY, ÖZDEMIR AKYILDIRIM ÖZNUR, Datasets on mathematical modeling of multi-product multi-stage production to analyze the relationship between production yield, demand, and costs, Data in Brief, 22, 2019, p1027 - 1030Journal Article, 2019, DOI, URL
  • ÖZDEMIR AKYILDIRIM ÖZNUR,TALAY ISILAY, Optimal staffing of specialized programme trainees under uncertainty, Journal of the Operational Research Society, 66, (1), 2015, p66 - 75Journal Article, 2015, DOI, URL
  • Talay Isilay, Holmes Casey J, Kuo Paul C, Jennings Otis B, An Analytic Decision Support Tool for Resident Allocation, Journal of Surgical Education, 70, (1), 2013, p31 - 35Journal Article, 2013, DOI, URL
  • GAYON JEAN-PHILIPPE,TALAY ISILAY,KARAESMEN AHMET FIKRI,ÖRMECI ALIOGLU EGEMEN LERZAN, Optimal Pricing and Production Policies of a Make-To-Stock System with Fluctuating Demand, PROBABILITY IN THE ENGINEERING AND INFORMATIONAL SCIENCES, 23, (02), 2009, p205 - 230Journal Article, 2009, DOI, URL
  • ÖRMECI ALIOGLU EGEMEN LERZAN,GAYON JEAN PHILIPPE,TALAY ISILAY,KARAESMEN AHMET FIKRI, Optimal Policies under Different Pricing Strategies in a Production System with Markov-Modulated Demand, 22nd IFIP TC7 Conference, Turin, Italy, July 18-22, 2005, edited by F. Ceragioli, A. Dontchev, H. Futura, K. Marti, L. Pandolfi , 199, 2005, pp239 - 249Conference Paper, 2005, DOI, URL
  • BAYRAM ORKUN,TALAY ISILAY, Effective Supply Chain Management based on Financing Techniques in International Trade, Ankara, Turkey, Nobel Akademik Yayincilik, 2020, 108ppBook, 2020, URL
  • SOUMMAKIE BUSHRA,TALAY ISILAY, Efficiency and Performance Measurement of Turkish Universities via Data Envelopment Analysis, Hacettepe University Journal of Economics and Administrative Sciences, 38, (1), 2020, p115 - 138Journal Article, 2020, DOI, URL
  • TALAY DEGIRMENCI ISILAY,KARAYÜN ISMAIL,ÖZDEMIR AKYILDIRIM ÖZNUR, Cold Chain Logistics for Frozen Food at Tourism Destinations, Journal of Management Marketing and Logistics, 4, (2), 2017, p159 - 167Journal Article, 2017, DOI, URL
  • TALAY ISILAY, Asymptotic analysis and performance-based design of large scale service and inventory systems, Duke University, 2010Thesis, 2010, URL
  • TALAY ISILAY, Use of Internet of Things (IoT) in Cold Chain Logistics for International Trade, Third Sector Social Economic Review, 55, (2), 2020, p1169 - 1187Journal Article, 2020, DOI, URL
  • Atakan Adem Selanik, Orkun Bayram, Isilay Talay Degirmenci, Historical Development and Implementation Area of the Vienna Sales Agreement (Contract for the International Sale of Goods (CISG)), Gaziantep University Journal of Social Sciences, 17, (4), 2018, p1353 - 1367Journal Article, 2018, DOI, URL
  • Orkun Bayram, Isilay Talay, Global supply chain design under fluctuating antidumping tax rates for export, Conference Abstract Book, EURO 2019-Dublin Congress Board, Dublin, Ireland, 23 - 26 JUNE 2019, 2019, pp103 - 103Meeting Abstract, 2019, URL
  • Isilay Talay, Orkun Bayram, Optimal payment scheme selection in global supply chains, Conference Abstract Book, EURO 2019-Dublin Congress Board, Dublin, Ireland, 23 - 26 JUNE 2019, 2019, pp103 - 103Meeting Abstract, 2019, URL
  • Uluslararasi ticaret ve tedarik zincirlerinde Blockchain uygulamalari in, editor(s)Yalcin, A. , Bilimsel Arastirmalar Kitabi Iktisadi ve Idari Bilimler, Ankara, Turkey, Akademisyen Yayinevi, 2018, pp277 - 288, [Orkun Bayram, Isilay Talay]Book Chapter, 2018
  • Orkun Bayram, Isilay Talay, Mete Feridun, Can Fintech Promote Sustainable Finance? Policy Lessons from the Case of Turkey, Sustainability, 14, (19), 2022, p12414Journal Article, 2022

Research Expertise

My research focuses on exploration and analysis of factors of uncertainty for organizations and supply chains to develop decision making mechanisms. Climate change and political turmoil keep birthing unforeseen factors of uncertainty around the world. Transient shocks of unprecedented and massive scale such as Covid crisis keep exacerbating the problem of dealing with uncertainty for organizations and supply chains. Researchers capable of using various research methods are in advantage of handling the versatility and scale of this challenge. Prior to my appointment, I have demonstrated my capability to study a diverse set of research questions conceptually, empirically (e. g. using qualitative data from interviews), and theoretically (e. g. via mathematical modelling), and with scholars of different fields including medical science, law, and finance. Currently, I am in the process of enhancing my research portfolio and its impact with interdisciplinary projects and striving to publish extensions of my previous work. For example, with Prof. Dr. Mete Feridun (CFSA, FHEA, https://mete-feridun.com/index.htmla) I have invited to Trinity Business School as a visiting researcher and my long-time co-author Dr. Orkun Bayram (whose expertise is in banking and finance), I will work on analysing the financial stability implications of continuing fiscal measures governments have first put into place in response to the COVID-19 crisis. We intend to identify the transmission channels of the fiscal measures in terms of solvency and liquidity issues in the real economy. We will investigate the policy measures that affect the financial sector directly and the potential feedback effects that may occur if the financial system becomes stressed. This project will aim for publication in ABS level-3 journals such as Regulation & Governance and European Urban and Regional Studies; and it will extend my work on financial policy measures with this team, recently published in Sustainability journal addressing a wider audience.

Transport Planning & Logistics, Economics, Business & Management, Economics, Business & Management, Transport Planning & Logistics,


  • International Scientific Publication Award, The Scientific and Technological Research Council of Turkey 03/06/2015
  • International Scientific Publication Award, The Scientific and Technological Research Council of Turkey 09/06/2020
  • PhD Scholarship, Duke University Fuqua School of Business 2004-2010
  • MSc Scholarship, Koc University Graduate School of Sciences & Engineering 2002-2004
  • Council of Supply Chain Management Professionals (CSCMP) Academic Member
  • INFORMS Regular Member
  • Production and Operations Management Society (POMS) Regular Member
  • Session Chair for the session 'Supply Chain Finance' in POMS 2021 and 2022 Annual Conferences May 2021
  • Session Chair for the session 'Queuing Applications in Manufacturing and Maintenance' in INFORMS Annual Meeting October 12, 2009
  • Session Chair for the session 'Global Operations' in 12th European Decision Sciences Institute (EDSI) Conference May 2022
  • Reviewer for Data in Brief 2019
  • Member of International Committee of Council of Supply Chain Management Professionals (CSCMP) May 2022
  • Session Chair for the session 'Global Supply Chains' in EURO2019 June 24, 2019
  • Reviewer for International Journal on Food System Dynamics 2021
  • Reviewer for European Journal of Operational Research 2015
  • Reviewer for Production Planning and Control 2022