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  1. Employees

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Maria Lavrutich

Maria Lavrutich

Associate Professor
Department of Industrial Economics and Technology Management

maria.lavrutich@ntnu.no
Sentralbygg 1, 1146, Gløshaugen
About Publications Teaching Media

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

2023

  • 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

2022

  • 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
  • Fedorov, Semyon; Lavrutich, Maria; Hagspiel, Verena; Lerdahl, Thomas. (2022) Risk and benefit sharing schemes in oil exploration and production. Energy Economics
    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
  • Tran, Vu Le; Westgaard, Sjur; Lavrutich, Maria. (2022) Stock markets during COVID-19. Beta
    Academic literature review

2021

  • 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
  • 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
  • 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

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

  • 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
  • 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

2017

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

Journal publications

  • 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
  • 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
  • Fedorov, Semyon; Lavrutich, Maria; Hagspiel, Verena; Lerdahl, Thomas. (2022) Risk and benefit sharing schemes in oil exploration and production. Energy Economics
    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
  • Tran, Vu Le; Westgaard, Sjur; Lavrutich, Maria. (2022) Stock markets during COVID-19. Beta
    Academic literature review
  • 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
  • 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
  • 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
  • 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
  • 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
  • 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
  • Lavrutich, Maria. (2017) Capacity choice under uncertainty in a duopoly with endogenous exit. European Journal of Operational Research
    Academic article

Teaching

Courses

  • TIØ4900 - Financial Engineering, Master's Thesis
  • IØ8810 - Winter School - Planning Under Uncertainty
  • TIØ4550 - Financial Engineering, Specialization Project
  • TIØ4145 - Corporate Finance

Media

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

2018

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

2017

  • 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
  • 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 -
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