Rick Hesse

Rick Hesse

Adjunct Professor of Economics & Business, Department of Economics & Business

Phone: (805) 565-6282
Email: rhesse@westmont.edu
Office Location: Deane Hall 110

Office Hours
Monday and Wednesday 11:30 a.m.-1:30 p.m.
Tuesday Noon-2:30 p.m.
Thursday Noon-2:30 p.m.

Management Science


Rick Hesse is currently Adjunct Professor in Economics and Business at Westmont. He has taught in engineering schools at Washington University in St. Louis, Mercer, West Point, and Georgia Tech, and in business schools at Pepperdine, Wake Forest, San Diego State, and Southern Cal (USC). Rick has been teaching management science since 1967 (and using spreadsheets since 1982) in both engineering and business schools at the graduate and undergraduate level. Spreadsheet analysis is a very visual technique to help improve business operations and profitability.

From 1982-2007 he wrote a quarterly column in Decision Line, “In the Classroom,” that featured teaching tips, mainly about spreadsheet use for solving quantitative models. Rick has published articles in Interfaces, Operations Research, Decision Sciences, Decision Line, Foresight, Journal for Production and Inventory Management.  His most recent refereed publications are:

“How Spreadsheets Changed the World,” Hesse & Scerno, INTERFACES to be published April 2009.

“Incorrect Nonlinear Trend Curves in Excel,” FORESIGHT, Vol 1, No. 3, Feb 2006, pages 39-43.

Highly-acclaimed textbooks in Management Science include:

Applied Management Science, Hesse & Woolsey, SRA, 1980

Managerial Spreadsheet Modeling and Analysis, Richard D. Irwin, 1997.

Currently his electronic text, LUMAT (Learning to Use Managerial Analysis Templates) has been successfully employed by over 1,500 Pepperdine MBAs. This now includes over 30 “talking” templates in Statistics and 32 lectures using Camtasia Video Capture that students use to review lectures and spreadsheet examples.

Rick has won numerous teaching awards, iincluding the national Decision Sciences Innovative Instructional Award, the Outstanding Civilian Service Medal from the Department of the Army, Teacher of the Year at the San Diego State School of Business and finalist, Howard A. White Teaching Award, Pepperdine University.

Dr. Hesse has been involved in consulting on management science problems with companies including Standard Candy (GooGoo Clusters), The Josephson Institute of Ethics (Character Counts!), Semtech, YouBet.com, ITT, Pratt & Whitney, Brown & Williamson, Piedmont Airlines (now US Airways), GEICO, UPS, and Bluebird. He has held seminars and speaking engagements on management science at Coca Cola, AMOCO, Hughes Systems, US Steel, RJReynolds and lectured at universities in Dublin, Ireland, Tampico, Mexico and Sao Palo, Brasil. He has led student MBA groups to Oxford (4 times) and Shanghai (2 times) for week-long global programs.


Washington University, St. Louis, MO – D.Sc. (1968)

Major Area: Applied Math and Computer Science, School of Engineering

Washington University, St. Louis, MO – M.S. (1965)

Major Area: Applied Math and Computer Science, School of Engineering

Washington University, St. Louis, MO – B.S. (1962)

Major Area: Applied Math and Computer Science, School of Engineering