Management Science is the application of a large number of tools, such as operational research, simulation, optimization, game theory, econometrics and statistics and applied mathematics to help decision making in businesses and government.
The group performs applied as well as theoretical studies, with a focus on topics such as logistics, energy, health, election methods, the environment, natural resources, fisheries and transportation.
Current faculty interests cover both general topics in MSc as well as more specialized topics:
- Logistics with an emphasis on the handling of uncertainty
- Energy systems, with an emphasis on the handling of uncertainty and end users
- Cost allocation and profit sharing and other applications of cooperative game theory
- Computational and theoretical aspects in non-standard economic models
- Statistical and mathematical aspects of decision problems
- Specialized topics: Combinatorial auctions, transmission pricing, aspects of cost minimizing behavior
The research output for the group has been strong and includes publications in journals such as Transportation Science, European Journal of Operational Research, Computers & Operations Research, Annals of OR, Networks, Environment and Planning A, International Journal of Production Economics, Geographical Analysis, OMEGA, Journal of Health Economics, Transportation Research (Part B). The research has further been made available for a broader audience through popularized publications in professional journals and books.