Luis Vargas was the recipient of the Juan March Foundation Scholarship, Madrid, Spain, to the University of Pennsylvania in 1976-78. He won the Outstanding Professor of the Year Award in the Joseph M. Katz Graduate School of Business in 1984. He was the coordinator of the Quantitative Interest Group from 1987 to 1991; the coordinator of the Artificial Intelligence Interest Group from 1991 to 1994; and chair of the Second International Symposium on the Analytic Hierarchy Process, held in Pittsburgh August 11-14, 1991, at the Joseph M. Katz Graduate School of Business. Area Director of Decision, Operations and Information Technology 2009-2012.
Luis Vargas has focused his research on decision theory, practical applications of the Analytic Hierarchy Process (AHP), artificial intelligence in manufacturing, the use of artificial intelligence techniques for scheduling, measurement of resource utilization, group decision making, Bayesian networks, and forecasting.