Department of mathematical methods and information technologies in economics and business

О кафедре


The department was founded on 01/07/2020 by the order of the rector No. 01-07/772 on the basis of the decree of the Academic Council of the Russian-Armenian University No. 377 dated 06.05.2020.

The main goal of the department is to promote the education of highly qualified economists and managers who are proficient in the tools for using mathematical tools and methods, as well as the corresponding software solutions and applications.

The department teaches the following disciplines:

• Higher mathematics (Mathematical analysis, Linear algebra, Probability theory and mathematical statistics, etc.);
• Mathematical modeling (Econometrics, Operational research, Socio-economic statistics, etc.);
• Information technology (Computer science, Digital literacy, Management information systems, Programming in R, etc.);
• Data Science (Data Science in Business, Blockchain, etc.);
• Technological entrepreneurship (Startup engineering, Business process management, etc.).


Bachelor's degree programs in the following specialties:
Actuarial and financial mathematics (Armenian sector)

Master's degree programs in the following specialties:
Business engineering (Russian sector)
Data analysis (Armenian sector)


Davit Sahakyan

PhD. Doctor of Mathematics, Associate Professor


Brief information (biography)

Davit Sahakyan
Associate Professor and Head of Mathematical Methods and Information Technologies in Economics and Business at Russian-Armenian University.

Dr. Davit Sahakyan is an esteemed leader, management consultant, innovator, entrepreneur, and professor. He has 25+ years of experience in Business Strategy and Business Development, Financial Management (Budget planning, Cost accounting and Cash Forecasting), Business Modeling and Innovation Development, Data Science & Math Modeling, Product & Project Management, and Business Process Management (BPM). He is specialized in Banking, Payment Systems and Emerging Technologies and held executive positions at Converse Bank, Inecobank, VTB-Armenia, Haypost, and TeamViewer. He also ran his consulting services company specialized in BPM, Business Strategy and Financial Modeling, as well as startups’ business development for more than 10 years.
He earned his PhD (Doctor of Mathematics) degree from National Academy of Sciences of the Republic of Armenia. Dr. Sahakyan also studied at Katz Business School of University of Pittsburgh and Executive education program at Kennedy School of Governance of Harvard University.

Working Experience:

  • Associate Professor and Head of Mathematical Methods and Information Technologies in Economics and Business Department (07/2020 – up till now), Associate Professor of the Chair of Economics and Finance (02/2003–07/2020), Head of Master Programs (09/2008-present), Executive Director of Business Incubator of University (07/2011-present), Institute of Economics and Business, Russian-Armenian University, Yerevan, Armenia
  • Head of Emerging Product Group Analytics Department (TeamViewer, 02/2017–08/2019), Chief Data Scientist, Head of Analytics Department (02/2016–08/2019), Monitis CJSC (a TeamViewer company), Yerevan, Armenia
  • Head of Product Development Department (03/2014–02/2016), Head of Postbank Services Department (part time 10/2012–08/2014), Converse Bank CJSC, Yerevan, Armenia
  • Director and Founder (05/2015–12/2016), Dav Solutions LLC (Consulting Company), Yerevan, Armenia
  • Director of Business Development (04/2009– 12/2013), Key Solutions LLC (Consulting Company), Yerevan, Armenia
  • Director of the Postal Financial Services Business Unit (07/2008–06/2011), Haypost CJSC (Armenian National Postal Operator), Yerevan, Armenia
  • Adviser to the Trust Manager (01/2007–06/2008), Haypost Trust Management B.V. (Armenian Branch), Yerevan, Armenia
  • Visiting Professor (Fellowship, 01/2008–05/2008), University of Pittsburgh, Katz Business School, Pittsburgh, USA
  • Head of Planning and Analysis Department (04/2005–12/2006), Inecobank CJSC, Yerevan, Armenia
  • Director of Business Development, Director of Business Consulting Unit (10/2004–06/2006), Antares Holding, Yerevan, Armenia
  • Researcher of Research Department and IMF Institute (Fellowship, 02/2004–03/2004), International Monetary Fund, Washington DC, USA
  • Head of Budget Planning Department (04/2000–04/2005), VTB-Armenia Bank CJSC (Former ArmSavingsBank CJSC), Yerevan, Armenia
  • Lecturer of the Chair of Mathematical Modeling and Methods (09/1994–07/2005), Yerevan State University, Yerevan, Armenia
  • Specialist of the Banking Supervision Department (11/1998–02/2000), Central Bank of Armenia, Yerevan, Armenia

  • Applied Mathematics (Diploma with excellence), Yerevan State University, Yerevan, Armenia, 1994
  • Applied Mathematics, Doctor of Mathematics, PhD, Yerevan State University, Yerevan, Armenia, 1998
  • Business-Process Management (Certificate), Business Engineering Group – Petersburg (School of Business-Engineering), St. Petersburg, Russia, 2005
  • Business Administration (Certificate), University of Pittsburgh, Katz Business School, Pittsburgh, USA, 2008
  • Leadership for the 21st Century: Chaos, Conflict and Courage (Certificate), Harvard University, Kennedy School of Governance (Executive Education Program), Cambridge, USA, 2010



Scientific interests

  • Business development: business models development and implementation, strategic management
  • Business process management: business process description and improvement, reengineering and modeling, process mining
  • Data science in business: machine learning and artificial intelligence, data analysis
  • Financial management: financial modeling, budgeting and analysis
  • Operational excellence: operational management, behavioral economics, lean production, 6 sigma
  • Problem analysis and decision making

File information


Anush Igitkhanyan

Senior Lecturer

Diana Mkhikyan


Goharik Petrosyan

Ph.D. in Science Physics and Mathematics, Associate Professor

Mane Poghosyan