a professorship from Statoil. In April 2005, in connection with the employment of Rönnquist, Statoil’s CEO Helge Lund pointed out that the complexity of the international oil and gas industry is continually increasing and that competencies related to the industry are steadily becoming more knowledge-intensive.
Erik Mikael Rönnquist is professor of optimisation at Linkøpings University and employed by Skogforsk in Sweden. He has had several long research stays at the University of Auckland in New Zealand as well as the University of Queensland in Australia. He won the ”EURO Excellence in Practice Award” a couple of times for his utilisation of research results within industrial business. He is also one of the founders of the firm, Optimal Solutions, which makes software programs based on optimisation methods.
At NHH, Rönnquist mainly works with optimisation as pertaining to industrial economics. He has worked actively with optimisation within several fields; from home visits in home nursing care to wood processing and paper production in the forest industry. At NHH he collaborates with several colleagues on a project connected to Statoil’s refinery at Mongstad. Rönnquist is the successor of Professor Einar Hope who has recently retired.
Optimisation comes from the Latin word optimus which means ”the best”. Optimisation is an application of mathematical and economic models to find the best alternative in decision making situations. Optimisation models often produce efficiency gains ranging from 5 to 15 percent, sometimes far more.