He is professor at Rensselaer Polytechnic Institute in the department of decision sciences and engineering systems, and holds joint appointments in cognitive sciences and civil and environmental engineering.
[2] Wallace gained his bachelor's degree in chemical engineering from the Illinois Institute of Technology in 1958, and his M.S.
(1961) and Ph.D. (1965) in management science from Rensselaer, His doctoral thesis was entitled Producer Learning: An Adaptive Control Process.
[4] Wallace's research interests center around decision support systems, the process of modeling and emergency management.
[1] Wallace was the founding co-editor, and co-editor-in-chief of the journal Computational and Mathematical Organization Theory.