Richard Bernhard

Professor Emeritus

Richard Bernhard has been on our faculty since 1969 and is still teaching as Professor Emeritus. He began his career as an assistant professor at Cornell University. Throughout his career, Dr. Bernhard served as a visiting professor in Armenia, New Zealand and Norway.

He has served as an associate editor for the following publications:

  • The Engineering Economist
  • The Journal of Financial & Quantitative Analysis
  • IIE Transactions
  • and the Journal of Engineering Valuation and Cost Analysis


Research Interests

Engineering economics, financial engineering, cost analysis and control, decision theory, and quantitative modeling.

Honors and Awards

  • 2012 | National Engineering Economy Teaching Excellence Award, American Society for Engineering Education
  • 2008 | Fellow, Institute of Industrial Engineers
  • 1995 | Wellington Award, Institute of Industrial Engineers
  • 1994 | C.A. Anderson Outstanding Faculty Award, ISE Department at NC State University
  • Eugene L. Grant Award, American Society for Engineering Education
  • Member, American Men & Women of Science
  • Member, Who’s Who in America
  • Science Faculty Fellow, National Science Foundation
  • Faculty Fellow, U.S. Air Force



Ph.D.Doctor of Philosophy in Industrial EngineeringCornell University1961
MSMaster of ScienceMassachusetts Institute of Technology1958
BMEBachelor of Mechanical EngineeringCornell University1956

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Richard Bernhard