John F. Raffensperger

Photo of John Raffensperger
Senior Operations Researcher; Professor, Pardee RAND Graduate School
Santa Monica Office


Ph.D. in business, University of Chicago; M.B.A., University of Chicago; B.S. in industrial engineering, Northwestern University


John F. Raffensperger is Senior Operations Researcher at the RAND Corporation and Professor at the Pardee RAND Graduate School.

Born and raised in Chicago, Raffensperger obtained a B.S. in industrial engineering from Northwestern University, later attending the University of Chicago's Graduate School of Business for an M.B.A. and Ph.D., studying Army training readiness. Prior to joining RAND, he was a Senior Lecturer in Management Science at the University of Canterbury, in Christchurch, New Zealand. For most of the past decade he has focused on auction theory, environmental economics, and markets for water resources.

His research interests include optimization, risk analysis, logistics, scheduling, and combinatorial optimization. He is currently working on Army readiness and logistics.

Selected Publications

Raffensperger, John F., and Mark W. Milke, Smart Markets for Water Resources: A Manual for Implementation, Springer, 2017


  • The DHL parcel service subsidiary of Deutsche Post AG tested a "microdrones md4-1000" for delivery of medicine

    Regulating Drone Airspace Using 'Smart Markets'

    With commercially operated autonomous drones potentially on the horizon, a policy problem is likely to emerge: allocation of scarce airspace and preferred flight paths. 'Smart markets' could help.

    Apr 19, 2016 TechCrunch

  • The San Antonio Reservoir, near San Francisco, California

    Creating a Smart Market for California Water

    A smart market approach could reduce the transaction costs of trading water in California, allow the price of water to better match its value, and bring that value to the state.

    Sep 13, 2015 Orange County Register