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Farid Tayari

Farid Tayari

Office Address: 
131 Hosler
Assistant Teaching Professor
File Curriculum Vitae (34.8 KB)
  • Energy Economics
  • Techno-economic Assessment
  • Quantitative and Mathematical Modeling
  • Monte Carlo and Stochastic Simulation
  • Risk and Decision Analysis
  • Data Analysis
  • Ph.D. in Energy Management and Policy, Pennsylvania State University, 2014
  • MBA in Marketing, University of Tehran, 2009
  • B.S. in Chemical Engineering, Sharif University of Technology, 2005
Courses Taught: 
  • EME 460, Geo-Resources Evaluation and Investment Analysis Fall 15, Spring 16, Summer 16, Fall 16, Spring 17, Summer 17, Fall 17, Summer 18
  • EBF 301, Global Finance for the Earth, Energy, and Materials Industries Fall 16, Spring 17, Summer 17, Fall 17, Spring 18, Summer 18, Fall 18
  • EBF 304, Environmental Management for the Earth, Energy and Mineral Industries Fall 16, Fall 17, Spring 18, Fall 18
  • EBF 200, Introduction to Energy and Earth Sciences Economics Summer 15, Summer 16, Summer 17, Summer 18
John A. Dutton e-Education Institute
John and Willie Leone Family Department of Energy and Mineral Engineering


Dr. Tayari is currently working as instructor of Energy Business and Finance and research assistant in the Department of Energy and Mineral Engineering at Penn State University. He holds a Ph.D. degree in Energy Management and Policy, which is an interdisciplinary major between economics and engineering from The Penn State University. He also has an MBA from the University of Tehran, and a Bachelor’s of science in Chemical Engineering from Sharif University. Dr. Tayari has years of research and work experience in economic assessment of energy projects. He is also experienced in energy economics, policy analysis, mathematical modeling, quantitative simulation, data analysis, and programming.

Research Projects: 
  • Coal market supply estimation and equilibrium model
  • Economic value of new surfactant for Enhanced Oil Recovery via CO2 flooding under different scenarios, including subsurface and economic parameters such as oil price
  • Developing a user interactive detailed cost model for techno-economic assessment of industrial CO2 sequestration in depleted shale gas formations
  • Stochastic and uncertainty analysis of CH4 and CO2 price impact along with subsurface parameters on production and injection timing decision for CO2 sequestration
  • Quantitative modeling of household water heaters as distributed energy storage units for the purpose of decreasing wind power Variability Cost
  • F. Tayari; S. Blumsack; R. T. Johns; S. Tham; S. Ghosh, “Techno-economic assessment of reservoir heterogeneity and permeability variation on economic value of enhanced oil recovery by gas and foam flooding”, JPSE, Volume 166, July 2018, Pages 913-923
  • F. Tayari; S. Blumsack; R. Dilmore; S. D. Mohaghegh, “Techno-economic Assessment of Industrial CO2 Storage in Depleted Shale Gas Reservoirs”, JUOGR, Volume 11, September 2015, Pages 82-94 * F. Tayari, “Techno-economic Assessment of CO2 Storage in Shale”, Ph.D. Dissertation, John and Willie Leone Family Department of Energy and Mineral Engineering, Pennsylvania State University, 2014
  • F. Tayari & S. Blumsack, “Economic Optimization of Production and Injection Timing Under Uncertainty for CO2 Sequestration in Shale Gas Reservoirs”, working paper
  • B. Kulga, T. Ertekin, A. Kalantari Dahaghi, S. Mohaghegh, R. Gondle, S. Varre, H. Siriwardane, F. Tayari, S. Blumsack, E. Myshakin, R. Dilmore, C. Wyatt, and J. Siegel, “Industrial Carbon Management Initiative (ICMI), Shale Modeling Report”, 2013, URS Corporation, Research and Engineering Services, prepared for DOE, NETL
  • F. Tayari; S. Blumsack, “Production and injection timing under uncertainty for CO2 sequestration in depleted shale gas reservoirs”, working paper
  • F. Tayari & S. Blumsack, “Analyzing the Use of Household Water Heaters to Decrease Variability Cost of Wind Power as a Load Management Policy”, working paper