PhD research

Doctoral research at PUCPR

PhD in Industrial & Systems Engineering

Pontifical Catholic University of Paraná (PUCPR) — 2022 to 2027 (expected). Advisor: Gilberto Reynoso-Meza.

Research on econometric forecasting and multi-objective decision-making for agricultural commodity portfolios: blending time series forecasting models, Bayesian and regime-switching volatility modelling, and Pareto-front portfolio selection under uncertainty.

Time Series Financial & Bayesian Econometrics Multi-objective Portfolio Optimization Extremal Events Forecasting

PIBIC AgroFinance project site

Education

Academic background

2022 – 2027 (expected)

PhD Candidate, Industrial & Systems Engineering

PUCPR – Curitiba, PR

Applied time series analysis, financial and Bayesian econometrics, multi-objective portfolio optimization and modelling of extremal events. Advisor: Gilberto Reynoso-Meza.

2011

MSc in Economic Development

UFPR – Curitiba, PR

Emphasis on big data, multivariate analysis and econometrics. Read the thesis

2007

BSc in Economics

UFPR – Curitiba, PR

Undergraduate thesis on oil price volatility (GARCH-M), honored and continued as a research project at the UFPR Laboratory of Statistics and GeoInformation. View the project

Publications & talks

Selected academic output

Conference papers

Ozon, R. H., Reynoso-Meza, G. (2024). Comparative Analysis of Fuzzy Regression Models and Multicriteria Decision-Making for Commodity Market Forecasting Scenarios. Anais do LVI Simpósio Brasileiro de Pesquisa Operacional (SBPO), Fortaleza proceedings

A commodity price forecast is usually delivered as one number, which hides how uncertain it is. Fuzzy regression carries that imprecision explicitly instead of discarding it, and multi-criteria decision methods then compare whole scenarios rather than forcing a single answer.

Ozon, R. H., Reynoso-Meza, G. (2024). Predictive Maintenance Strategies in Agriculture Using Survival Analysis. XXV Congresso Brasileiro de Automática (CBA), Rio de Janeiro

When is a machine about to fail, and what does waiting cost? Survival analysis — the statistics of time-to-event, borrowed from medicine — is applied to agricultural equipment so maintenance is scheduled by risk rather than by calendar.

Ozon, R. H., Reynoso-Meza, G. (2024). Efficiency and Efficacy Comparison between NSGA-II and Differential Evolution in Multi-Objective Portfolio Optimization. ICPR Americas 2024 — Ohio University

Two evolutionary algorithms are routinely used to trade risk against return in portfolios, and practitioners tend to pick one by habit. This puts them on the same problem and measures both the quality of the solutions and the computational cost of reaching them.

Ozon, R., de Lima, J. D., Dranka, G. (2024). Enhancing Grain Portfolio Risk Management with GAMLSS and MSGARCH. XXIV Encontro Brasileiro de Finanças (EBFIN) proceedings

Grain prices do not only get more or less volatile — the whole shape of their distribution moves, including skew and fat tails. GAMLSS tracks those moments over time and MSGARCH captures shifts between calm and turbulent regimes, both put to work on portfolio risk. See the case study

Talks & posters

Ozon, R. H. (2024). PhD Finalist. XI ENPPEPRO — Encontro Nacional de Programas de Pós-Graduação em Engenharia de Produção

Doctoral research selected as a finalist at the national meeting of Brazilian graduate programmes in industrial engineering.

Ozon, R. H. (2024). Integrating GAMLSS and Bayesian MSGARCH Models for Enhanced Forecasting of Commodity Price Returns: A Novel Approach in Financial Econometrics. 1st SouthStat Meeting (UFPR) — poster

The poster version of the grain-portfolio work: combining a time-varying distribution shape with Bayesian regime-switching volatility to forecast commodity returns. See the case study

Ozon, R. H. (2023). The Use of Time Series Disaggregation with the tempdisagg Package in Econometric Models. R Day (UFPR)

Economic series often arrive yearly when the decision needs monthly numbers. This shows how temporal disaggregation in R rebuilds the higher-frequency series without inventing movement the data cannot support.

Ozon, R. H., Reynoso-Meza, G. (2023). Portfolio Optimization with GARCH Models Using Multiple Time Windows for Pareto Frontiers. APREPRO / ConBRepro paper

A risk–return frontier estimated on a single window can be an artefact of that window. Building frontiers across several windows shows which trade-offs survive and which were an accident of the sample.

Working papers (2025–2026)

Doctoral research pipeline: sixteen manuscripts in preparation and submission. Titles subject to change; drafts available on request.

Portfolio optimization & decision-making

An Integration Framework for Multi-Objective Commodity Portfolio Decision-Making thesis synthesis — flagship paper

The thesis synthesis: how forecasting, risk modelling and multi-objective optimisation fit together into one decision process instead of three disconnected steps.

A Many-Objective Evolutionary Benchmark for Multi-Period Commodity Portfolios

Real portfolio decisions weigh more than two goals at once. A benchmark for algorithms that handle many objectives over multiple periods.

Many-Objective Optimization of Technical Trading Strategies with R. Vianna

Trading rules are usually tuned for return alone. Here they are optimised against several competing criteria at the same time.

Regime-Conditional Dynamic Programming for Portfolio Refinement

A portfolio built for a calm market is the wrong portfolio for a turbulent one. This conditions the decision on the regime the market is actually in.

Distribution-Free Robust Control of Commodity Portfolios Under Regime Uncertainty

Methods that assume a specific probability distribution fail when the assumption breaks. This asks what can still be guaranteed without making that assumption.

Capacity Constraints and Multi-Asset Generalisation of Commodity Portfolio Strategies

A strategy that works on paper can be impossible to execute at scale. This adds real capacity limits and extends the approach across several assets.

Pareto-Optimal Reinforcement Learning Portfolios for Commodity Trading

Reinforcement learning normally optimises one reward. This asks it to hold the risk–return trade-off open instead of collapsing it into a single score.

Forecasting & volatility modeling

MSGARCH Against Competing Models for Commodity Price Returns

Does regime-switching volatility actually beat the simpler alternatives on grain prices, or only look more sophisticated? A direct comparison. See the case study

Time-Varying Higher Moments in Agricultural Commodities via GAMLSS

Skew and kurtosis in crop prices are not constant, yet most models treat them as if they were. GAMLSS lets them move with time.

Chaos and Complexity in Economic and Financial Time Series

Some of what looks like random noise in economic data is deterministic structure. This examines which is which, and what follows for forecasting.

Market structure, breaks & early warnings

Causal Inference for Structural Breaks in Time Series

A series changes course — but was it caused by the event everyone blames, or did it merely coincide with it? Causal methods applied to break detection.

Commodity Price Breaks: Detection versus Prediction

Spotting a break after it happens is a different problem from anticipating one. This separates the two and asks how much of the second is achievable.

Price Transmission in Four Brazilian Agricultural Commodities

When an international price moves, how much of it reaches the Brazilian producer, and how long does it take? Measured across four commodities.

Regime-Aware Hybrid Anomaly Detection for Early Warnings in Food Security

An early-warning system that mistakes a normal seasonal swing for a crisis is worse than none. This makes anomaly detection aware of the regime, for food-security warnings.

Foundations & applications

AI and Econometric Methods for Commodity Portfolio Optimization: A Systematic Literature Review

A systematic review mapping what machine learning and classical econometrics have each contributed to commodity portfolio work, and where they have not yet met.

Real Options Valuation via Bayesian MCMC

The value of being able to wait, expand or abandon an investment, estimated with Bayesian methods that carry the uncertainty through instead of hiding it in a point estimate.

Advising

Ozon, R. H. (2024–2025). Scientific Initiation Advisorship (PIBIC / PIBIC Jr., PUCPR) — concluded. Research project: "Innovations in Financial Modeling: AI and Econometrics Approaches for Agricultural Commodities Portfolio Optimization" project site · advisor declaration
Ozon, R. H. (2024). Evaluation Declaration for SEMIC/SEMITI. XXXI Scientific Initiation Seminar at PUCPR declaration
Service

Peer review & committees

Reviewer — Applied Soft Computing

Peer reviewer for the Applied Soft Computing journal (Elsevier), 2024 – present. Reviewer certificate

Reviewer — PRINCIPIA

Peer reviewer for the PRINCIPIA journal (UFJF, Juiz de Fora), 2024 – present. Journal website

Scientific Advisory Committee

Scientific Advisory Committee member at PUCPR (2023; 2024–2025), supporting the evaluation of research and scientific initiation programs.

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