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  1. Ansatte

Språkvelger

English

Maria Lavrutich

Last ned pressefoto
Last ned pressefoto
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Maria Lavrutich

Professor
Institutt for industriell økonomi og teknologiledelse

maria.lavrutich@ntnu.no
90402416 Sentralbygg 1, 1146, Gløshaugen
Om Publikasjoner Undervisning Formidling

Om

Maria Lavrutich is a 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.

Ongoing projects

Risk-resilient aquaculture: Balancing profitability with environmental sustainability in investment and operations under uncertainty (AquaRisk)

Publikasjoner

  • Kronologisk
  • Etter kategori
  • Alle publikasjoner i Nasjonalt vitenarkiv (NVA)

2025

  • Halbrendt, Lars Erik Lunde; Lavrutich, Maria; Melhus, Inger Kristine; Størdal, Ståle. (2025) The impact of ancillary services in green hydrogen investment valuation. European Journal of Operational Research
    Vitenskapelig artikkel
  • Noshchenko, Olga; Hagspiel-Janssen, Verena; Lavrutich, Maria. (2025) Integrating real options analysis with ε-constraint optimization for multi-objective decision-support: A case study on investment in offshore electrification. European Journal of Operational Research
    Vitenskapelig artikkel
  • Bacher, Karen; DØskeland, Malin; Graça, Rodrigo Amado Pascoal da; Lavrutich, Maria; Pierce, Magnus; Pimentel, Rita Duarte. (2025) Greenwashing risk in asset pricing: the shift after the Paris agreement. Quantitative finance (Print)
    Vitenskapelig artikkel
  • Imset, Ole Herman; Ishmam, Rubab; Kleinau, Jakob; Lavrutich, Maria; Yen, Dung-Bai. (2025) Financial viability of energy communities: The role of flexible assets, balancing market participation and peer-to-peer trading. Energy Economics
    Vitenskapelig artikkel

2024

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

2023

  • Lavrutich, Maria; Markussen, Jonas Drageland; Rystad, Nore. (2023) The value of mono-gender production in Atlantic salmon farming. Aquaculture
    Vitenskapelig artikkel
  • Kort, Peter; Lavrutich, Maria; Nunes, Cláudia; Oliveira, Carlos Miguel Dos Santos. (2023) Preventive investment, malfunctions and liability. International Journal of Production Economics
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • Assche, Hanne Lamberts-Van; 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
    Vitenskapelig artikkel

2022

  • Tran, Vu Le; Westgaard, Sjur; Lavrutich, Maria. (2022) Stock markets during COVID-19. Beta – Scandinavian Journal of Business Research
    Vitenskapelig oversiktsartikkel/review
  • Lavrutich, Maria; Hagspiel, Verena; Siddiqui, Afzal S.. (2022) Transmission investment under uncertainty: Reconciling private and public incentives. European Journal of Operational Research
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • Fedorov, Semyon; Lavrutich, Maria; Hagspiel, Verena; Lerdahl, Thomas. (2022) Risk and benefit sharing schemes in oil exploration and production. Energy Economics
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel

2021

  • 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
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • Kort, Peter; Lavrutich, Maria; Nunes, Cláudia; Oliveira, Carlos. (2021) Preventing Environmental Disasters in Investment under Uncertainty. Environmental and Resource Economics
    Vitenskapelig artikkel
  • Engehagen, Sondre; Hornslien, Marius; Lavrutich, Maria; Tønnessen, Stian Rosvold. (2021) Optimal harvesting of farmed salmon during harmful algal blooms. Marine Policy
    Vitenskapelig artikkel

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
    Vitenskapelig artikkel

2019

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

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
    Vitenskapelig artikkel

2017

  • Lavrutich, Maria. (2017) Capacity choice under uncertainty in a duopoly with endogenous exit. European Journal of Operational Research
    Vitenskapelig artikkel
  • Hagspiel, Verena; Hannevik, Jørgen; Lavrutich, Maria; Naustdal, Magnus; Struksnæs, Henrik. (2017) Real options under technological uncertainty: A case study of investment in a post-smolt facility in Norway. Marine Policy
    Vitenskapelig artikkel

Tidsskriftspublikasjoner

  • Halbrendt, Lars Erik Lunde; Lavrutich, Maria; Melhus, Inger Kristine; Størdal, Ståle. (2025) The impact of ancillary services in green hydrogen investment valuation. European Journal of Operational Research
    Vitenskapelig artikkel
  • Noshchenko, Olga; Hagspiel-Janssen, Verena; Lavrutich, Maria. (2025) Integrating real options analysis with ε-constraint optimization for multi-objective decision-support: A case study on investment in offshore electrification. European Journal of Operational Research
    Vitenskapelig artikkel
  • Bacher, Karen; DØskeland, Malin; Graça, Rodrigo Amado Pascoal da; Lavrutich, Maria; Pierce, Magnus; Pimentel, Rita Duarte. (2025) Greenwashing risk in asset pricing: the shift after the Paris agreement. Quantitative finance (Print)
    Vitenskapelig artikkel
  • Imset, Ole Herman; Ishmam, Rubab; Kleinau, Jakob; Lavrutich, Maria; Yen, Dung-Bai. (2025) Financial viability of energy communities: The role of flexible assets, balancing market participation and peer-to-peer trading. Energy Economics
    Vitenskapelig artikkel
  • Yen, Dung-Bai; Granado, Pedro Andres Crespo del; Lavrutich, Maria. (2024) Effects of end-user participation under a TSO-DSO coordination scheme for Norway. Energy Strategy Reviews
    Vitenskapelig artikkel
  • Lavrutich, Maria; Markussen, Jonas Drageland; Rystad, Nore. (2023) The value of mono-gender production in Atlantic salmon farming. Aquaculture
    Vitenskapelig artikkel
  • Kort, Peter; Lavrutich, Maria; Nunes, Cláudia; Oliveira, Carlos Miguel Dos Santos. (2023) Preventive investment, malfunctions and liability. International Journal of Production Economics
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • Assche, Hanne Lamberts-Van; 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
    Vitenskapelig artikkel
  • Tran, Vu Le; Westgaard, Sjur; Lavrutich, Maria. (2022) Stock markets during COVID-19. Beta – Scandinavian Journal of Business Research
    Vitenskapelig oversiktsartikkel/review
  • Lavrutich, Maria; Hagspiel, Verena; Siddiqui, Afzal S.. (2022) Transmission investment under uncertainty: Reconciling private and public incentives. European Journal of Operational Research
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • Fedorov, Semyon; Lavrutich, Maria; Hagspiel, Verena; Lerdahl, Thomas. (2022) Risk and benefit sharing schemes in oil exploration and production. Energy Economics
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • Kort, Peter; Lavrutich, Maria; Nunes, Cláudia; Oliveira, Carlos. (2021) Preventing Environmental Disasters in Investment under Uncertainty. Environmental and Resource Economics
    Vitenskapelig artikkel
  • Engehagen, Sondre; Hornslien, Marius; Lavrutich, Maria; Tønnessen, Stian Rosvold. (2021) Optimal harvesting of farmed salmon during harmful algal blooms. Marine Policy
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • Brakstad, Oscar Mathias; Hagspiel, Verena; Lavrutich, Maria; Matanovic, Dunja. (2019) Optimal investment decisions in lice-fighting technologies: A case study in Norway. Aquaculture
    Vitenskapelig artikkel
  • 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
    Vitenskapelig artikkel
  • Lavrutich, Maria. (2017) Capacity choice under uncertainty in a duopoly with endogenous exit. European Journal of Operational Research
    Vitenskapelig artikkel
  • Hagspiel, Verena; Hannevik, Jørgen; Lavrutich, Maria; Naustdal, Magnus; Struksnæs, Henrik. (2017) Real options under technological uncertainty: A case study of investment in a post-smolt facility in Norway. Marine Policy
    Vitenskapelig artikkel

Undervisning

Emner

  • IØ8810 - Vinterskole - Planlegging under usikkerhet
  • TIØ4317 - Empiriske og kvantitative metoder i finans
  • TIØ4900 - Investering, finans, økonomistyring, masteroppgave
  • TIØ4550 - Investering, finans og økonomistyring, fordypningsprosjekt
  • TIØ4145 - Finansstyring for foretak
  • TIØ4146 - Finans for teknisk-naturvitenskapelige studenter
  • IØ6060 - Miljø- og klimarisiko i låneportefølje
  • TIØ4557 - Investering, finans og økonomistyring fordypningsemne

Formidling

2020

  • Vitenskapelig foredrag
    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

  • Vitenskapelig foredrag
    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
  • Vitenskapelig foredrag
    Hagspiel, Verena; Lavrutich, Maria. (2019) Multi-objective infrastructure investment under uncertainty. 36th annual FIBE Conference 2019-01-03 - 2019-01-04
  • Vitenskapelig foredrag
    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
  • Vitenskapelig foredrag
    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
  • Vitenskapelig foredrag
    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
  • Vitenskapelig foredrag
    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

2018

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

2017

  • Faglig foredrag
    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 -
  • Vitenskapelig foredrag
    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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