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

Discover more about Dr. Bernhard’s philanthropy, see Bernhard’s giving is FOCUSed and ISE Professor Talks About Giving.


Ph.D. 1961

Cornell University

MS 1958

Master of Science

Massachusetts Institute of Technology

BME 1956

Bachelor of Mechanical Engineering

Cornell University

Research Description

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

Honors and Awards

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