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  1. Employees

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Maria Lavrutich

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Maria Lavrutich

Associate Professor
Department of Industrial Economics and Technology Management

maria.lavrutich@ntnu.no
+4790402416 Sentralbygg 1, 1146, Gløshaugen
About Publications Teaching Outreach

About

Maria Lavrutich is an Associate Professor at the Department of Industrial Economics and Technology Management (IØT) at NTNU. She obtained her PhD in Operations Research in 2016 at Tilburg University, the Netherlands.

Her research interests lie at the intersection of industrial organization, mathematical finance and decision theory. In particular, she studies optimal dynamic decision making under uncertainty, applying stochastic control and game theory techniques. In her research, she works both with theoretical models of financial decision making as well as their applications to practical problems that arise in different industries.

Publications

  • Chronological
  • By category
  • See all publications in Cristin

2024

  • Yen, Dung-Bai; Crespo del Granado, Pedro Andres; Lavrutich, Maria. (2024) Effects of end-user participation under a TSO-DSO coordination scheme for Norway. Energy Strategy Reviews
    Academic article

2023

  • Lamberts-Van Assche, Hanne; Lavrutich, Maria; Compernolle, Tine; Thomassen, Gwenny; Thijssen, Jacco J.J.; Kort, Peter. (2023) CO<inf>2</inf> storage or utilization? A real options analysis under market and technological uncertainty. Journal of Environmental Economics and Management
    Academic article
  • Kort, Peter; Lavrutich, Maria; Nunes, Cláudia; Dos Santos Oliveira, Carlos Miguel. (2023) Preventive investment, malfunctions and liability. International Journal of Production Economics
    Academic article
  • Lavrutich, Maria; Markussen, Jonas Drageland; Rystad, Nore. (2023) The value of mono-gender production in Atlantic salmon farming. Aquaculture
    Academic article
  • Hagspiel-Janssen, Verena; Jansen, Markus Bjørkli; Lavrutich, Maria; Nepstad, Gaute. (2023) Company level biodiversity impact assessment: An application to the aquaculture industry in Norway. Marine Policy
    Academic article

2022

  • Fedorov, Semyon; Lavrutich, Maria; Hagspiel, Verena; Lerdahl, Thomas. (2022) Risk and benefit sharing schemes in oil exploration and production. Energy Economics
    Academic article
  • Tran, Vu Le; Westgaard, Sjur; Lavrutich, Maria. (2022) Stock markets during COVID-19. Beta
    Academic literature review
  • Gapeev, Pavel; Kort, Peter M.; Lavrutich, Maria; Thijssen, Jacco J.J.. (2022) Optimal Double Stopping Problems for Maxima and Minima of Geometric Brownian Motions. Methodology and Computing in Applied Probability
    Academic article
  • Lavrutich, Maria; Hagspiel, Verena; Siddiqui, Afzal S.. (2022) Transmission investment under uncertainty: Reconciling private and public incentives. European Journal of Operational Research
    Academic article
  • Dønnestad, Eirik Magnus; Fleten, Stein-Erik; Kleiven, Andreas; Lavrutich, Maria; Teige, Amalie Marie. (2022) A real options analysis of existing green energy facilities: maintain or replace?. Energy Systems, Springer Verlag
    Academic article

2021

  • Kort, Peter; Lavrutich, Maria; Nunes, Cláudia; Oliveira, Carlos. (2021) Preventing Environmental Disasters in Investment under Uncertainty. Environmental and Resource Economics
    Academic article
  • Compernolle, Tine; Huisman, Kuno J.M.; Kort, Peter M.; Lavrutich, Maria; Nunes, Cláudia; Thijssen, Jacco J.J.. (2021) Investment Decisions with Two-Factor Uncertainty. Journal of Risk and Financial Management
    Academic article
  • Engehagen, Sondre; Hornslien, Marius; Lavrutich, Maria; Tønnessen, Stian Rosvold. (2021) Optimal harvesting of farmed salmon during harmful algal blooms. Marine Policy
    Academic article
  • Haarstad, Aleksander Hyggen; Lavrutich, Maria; Strypet, Kristian; Strøm, Eivind. (2021) Multi-commodity price risk hedging in the Atlantic salmon farming industry. Journal of Commodity Markets
    Academic article
  • Gapeev, Pavel; Kort, Peter M.; Lavrutich, Maria. (2021) Discounted optimal stopping problems for maxima of geometric Brownian motions with switching payoffs. Advances in Applied Probability
    Academic article

2020

  • Hagspiel, Verena; Huisman, Kuno J.M.; Kort, Peter M.; Lavrutich, Maria; Nunes, Cláudia; Pimentel, Rita. (2020) Technology adoption in a declining market. European Journal of Operational Research
    Academic article

2019

  • Brakstad, Oscar Mathias; Hagspiel, Verena; Lavrutich, Maria; Matanovic, Dunja. (2019) Optimal investment decisions in lice-fighting technologies: A case study in Norway. Aquaculture
    Academic article

2018

  • Finjord, Fredrik; Hagspiel, Verena; Lavrutich, Maria; Tangen, Marius. (2018) The impact of Norwegian-Swedish green certificate scheme on investment behavior: A wind energy case study. Energy Policy
    Academic article
  • Hagspiel, Verena; Hannevik, Jørgen; Lavrutich, Maria; Naustdal, Magnus; Struksnæs, Henrik. (2018) Real options under technological uncertainty: A case study of investment in a post-smolt facility in Norway. Marine Policy
    Academic article

2017

  • Lavrutich, Maria. (2017) Capacity choice under uncertainty in a duopoly with endogenous exit. European Journal of Operational Research
    Academic article

Journal publications

  • Yen, Dung-Bai; Crespo del Granado, Pedro Andres; Lavrutich, Maria. (2024) Effects of end-user participation under a TSO-DSO coordination scheme for Norway. Energy Strategy Reviews
    Academic article
  • Lamberts-Van Assche, Hanne; Lavrutich, Maria; Compernolle, Tine; Thomassen, Gwenny; Thijssen, Jacco J.J.; Kort, Peter. (2023) CO<inf>2</inf> storage or utilization? A real options analysis under market and technological uncertainty. Journal of Environmental Economics and Management
    Academic article
  • Kort, Peter; Lavrutich, Maria; Nunes, Cláudia; Dos Santos Oliveira, Carlos Miguel. (2023) Preventive investment, malfunctions and liability. International Journal of Production Economics
    Academic article
  • Lavrutich, Maria; Markussen, Jonas Drageland; Rystad, Nore. (2023) The value of mono-gender production in Atlantic salmon farming. Aquaculture
    Academic article
  • Hagspiel-Janssen, Verena; Jansen, Markus Bjørkli; Lavrutich, Maria; Nepstad, Gaute. (2023) Company level biodiversity impact assessment: An application to the aquaculture industry in Norway. Marine Policy
    Academic article
  • Fedorov, Semyon; Lavrutich, Maria; Hagspiel, Verena; Lerdahl, Thomas. (2022) Risk and benefit sharing schemes in oil exploration and production. Energy Economics
    Academic article
  • Tran, Vu Le; Westgaard, Sjur; Lavrutich, Maria. (2022) Stock markets during COVID-19. Beta
    Academic literature review
  • Gapeev, Pavel; Kort, Peter M.; Lavrutich, Maria; Thijssen, Jacco J.J.. (2022) Optimal Double Stopping Problems for Maxima and Minima of Geometric Brownian Motions. Methodology and Computing in Applied Probability
    Academic article
  • Lavrutich, Maria; Hagspiel, Verena; Siddiqui, Afzal S.. (2022) Transmission investment under uncertainty: Reconciling private and public incentives. European Journal of Operational Research
    Academic article
  • Dønnestad, Eirik Magnus; Fleten, Stein-Erik; Kleiven, Andreas; Lavrutich, Maria; Teige, Amalie Marie. (2022) A real options analysis of existing green energy facilities: maintain or replace?. Energy Systems, Springer Verlag
    Academic article
  • Kort, Peter; Lavrutich, Maria; Nunes, Cláudia; Oliveira, Carlos. (2021) Preventing Environmental Disasters in Investment under Uncertainty. Environmental and Resource Economics
    Academic article
  • Compernolle, Tine; Huisman, Kuno J.M.; Kort, Peter M.; Lavrutich, Maria; Nunes, Cláudia; Thijssen, Jacco J.J.. (2021) Investment Decisions with Two-Factor Uncertainty. Journal of Risk and Financial Management
    Academic article
  • Engehagen, Sondre; Hornslien, Marius; Lavrutich, Maria; Tønnessen, Stian Rosvold. (2021) Optimal harvesting of farmed salmon during harmful algal blooms. Marine Policy
    Academic article
  • Haarstad, Aleksander Hyggen; Lavrutich, Maria; Strypet, Kristian; Strøm, Eivind. (2021) Multi-commodity price risk hedging in the Atlantic salmon farming industry. Journal of Commodity Markets
    Academic article
  • Gapeev, Pavel; Kort, Peter M.; Lavrutich, Maria. (2021) Discounted optimal stopping problems for maxima of geometric Brownian motions with switching payoffs. Advances in Applied Probability
    Academic article
  • Hagspiel, Verena; Huisman, Kuno J.M.; Kort, Peter M.; Lavrutich, Maria; Nunes, Cláudia; Pimentel, Rita. (2020) Technology adoption in a declining market. European Journal of Operational Research
    Academic article
  • Brakstad, Oscar Mathias; Hagspiel, Verena; Lavrutich, Maria; Matanovic, Dunja. (2019) Optimal investment decisions in lice-fighting technologies: A case study in Norway. Aquaculture
    Academic article
  • Finjord, Fredrik; Hagspiel, Verena; Lavrutich, Maria; Tangen, Marius. (2018) The impact of Norwegian-Swedish green certificate scheme on investment behavior: A wind energy case study. Energy Policy
    Academic article
  • Hagspiel, Verena; Hannevik, Jørgen; Lavrutich, Maria; Naustdal, Magnus; Struksnæs, Henrik. (2018) Real options under technological uncertainty: A case study of investment in a post-smolt facility in Norway. Marine Policy
    Academic article
  • Lavrutich, Maria. (2017) Capacity choice under uncertainty in a duopoly with endogenous exit. European Journal of Operational Research
    Academic article

Teaching

Courses

  • TIØ4317 - Empiriske og kvantitative metoder i finans
  • TIØ4900 - Investering, finans, økonomistyring, masteroppgave
  • IØ8810 - Vinterskole - Planlegging under usikkerhet
  • TIØ4550 - Investering, finans og økonomistyring, fordypningsprosjekt
  • TIØ4145 - Finansstyring for foretak
  • TIØ4146 - Finans for teknisk-naturvitenskapelige studenter
  • IØ6060 - Miljø- og klimarisiko i låneportefølje

Outreach

2020

  • Academic lecture
    Lavrutich, Maria; Hagspiel, Verena; Siddiqui, Afzal. (2020) Infrastructure Investment under Uncertainty: Reconciling Private and Public Incentives. 8th Annual Conference of IAERE , Brescia 2020-02-06 -

2019

  • Academic lecture
    Lavrutich, Maria; Hagspiel, Verena. (2019) Transmission investment under uncertainty: Reconciling private and public incentives. Workshop "Investments, Energy, and Green Economy" , Brescia 2019-04-26 - 2019-04-27
  • Academic lecture
    Hagspiel, Verena; Lavrutich, Maria. (2019) Multi-objective infrastructure investment under uncertainty. 36th annual FIBE Conference 2019-01-03 - 2019-01-04
  • Academic lecture
    Flatland, Kjetil; Hove, Mats Thunestvedt; Lavrutich, Maria; Nagy, Roel. (2019) Investment Options in Wind Turbines: Life-extension versus Repowering. 23rd Annual International Real Options Conference , London 2019-06-27 - 2019-06-29
  • Academic lecture
    Lavrutich, Maria; Hagspiel, Verena; Siddiqui, Afzal. (2019) infrastructure investment under uncertainty: Reconciling private and public incentives. INFORMS Conference 2019 2019-10-20 - 2019-10-23
  • Academic lecture
    Lavrutich, Maria; Hagspiel, Verena; Siddiqui, Afzal. (2019) Transmission investment under uncertainty: Reconciling private and public incentives. 30th European Conference on Operational Research (EURO) 2019-06-23 - 2019-06-26
  • Academic lecture
    Lavrutich, Maria; Hagspiel, Verena; Siddiqui, Afzal. (2019) Optimal Infrastructure Investment with Conflicting Objectives under Uncertainty. 23rd Annual Real Options Conference 2019-06-27 - 2019-06-29

2018

  • Academic lecture
    Hagspiel, Verena; Lavrutich, Maria. (2018) Multi-objective Infrastructure Investment under Uncertainty. Informs Annual Meeting 2018-11-04 - 2018-11-07

2017

  • Popular scientific lecture
    Hagspiel, Verena; Lavrutich, Maria; Finjord, Fredrik; Tangen, Marius. (2017) Investment in renewable energy under uncertainty in Norway and Sweden. Internal presentation at Hydro Energi AS 2017-06-15 -
  • Academic lecture
    Lavrutich, Maria; Hagspiel, Verena; Tangen, Marius; Finjord, Fredrik. (2017) Investment in renewable energy under uncertainty in Norway and Sweden . IFORS 2017 2017-07-17 - 2017-07-21

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