PhD specialisation in Business and Management Science
Business and Management Science is the discipline of using analytical methods to help make better decisions.
Research at the Department of Business and Management Science aims to understand and improve management practice using analytical methods. Faculty members have backgrounds from economics, finance, operations research, mathematics and statistics, and the research covers both empirical and theoretical inquiries. The research portfolio includes a number of topics, and is organised in six areas:
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                            Areas of research
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                            Course componentCourse componentA minimum of 45 credits need to be completed normally within the second year. The following courses are mandatory: - Scientific Methods
- Microeconomics
 In addition, each PhD candidate has to take at least one of the following method courses: - BEA511, BEA512, BEA513, BEA514, ECS508, ECS509
 The combination of elective courses depends on the choice of specialisation (BE, ENE or MS) and is normally a mix of external courses and courses given at NHH. 
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                            General requirements for admissionGeneral requirements for admissionStudents should hold a Master’s degree in business economics, economics, finance or another quantitative discipline. Candidates with an incomplete background in business economics, economics, finance, mathematics, statistics, or probability theory will be required to take suitable classes in the Masters programme and students with only an undergraduate degree will normally not be considered. 
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                            Doctoral dissertations and placements 2025-2029Doctoral dissertations and placements 2025-202916.09.2025 Andres Felipe Velez CorreaReactive Evacuation Systems for Cruise Vessels: Network Models and Optimization Strategies Supervisor: Stein W. WallacePlacement (first position): Consigli 12.08.2025 Costanza Maria Ludovica CincottaEssays in Environmental and Public Economics Supervisor: Øyvind ThomassenPlacement (first position): CUNEF Universidad 26.06.2025 Henrik SvensliEssays on multinational firm behavior Supervisor: Guttorm SchjelderupPlacement (first position): The Norwegian Complaints Board Secretariat 25.06.2025 Benjamin P. FramEssays on Electricity Market Dynamics Supervisor: Mette BjørndalPlacement (first position): NHH 24.04.2025 Yue ShiStatistical modeling of climate risk in home insurance claims Supervisor: Håkon OtneimPlacement (first position): 
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                            Doctoral dissertations and placements 2020-2024Doctoral dissertations and placements 2020-202430.08.2024 Cosku Can OrhanPublic Planning of Freight Transport in Logistically Complicated Small Cities Supervisor: Stein W. WallacePlacement (first position): NHH 27.05.2024 Christian BraathenEssays on Staffing and Transportation Supervisor: Mario GuajardoPlacement (first position): Storebrand 07.05.2024 Xuan LiEssays on Shareholders Engagement and Voting Supervisor: Geir Drage BerentsenPlacement (first position): Söderberg & Partners 06.05.2024 Benjamin NarumRepresentations of Uncertainty for Decision Modelling Supervisor: Julio C . GóezPlacement (first position): Optimeering Aqua 26.04.2024 Thomas LangeThe Effects of Labour Migration and Interventions on Tax Compliance Supervisor: Evelina Gavrilova-ZoutmanPlacement (first position): Statkraft 12.02.2024 Azam Azad GholamiModels for Spatial Consequences of Changes in Commuting Patterns Supervisor: Jan UbøePlacement (first position): 22.01.2024 Mahnaz FakhrabadiSupervisor: Leif K. SandalPlacement (first position): Jotun 11.12.2023 Kyriaki TselikaEssays on Energy Markets and the Environment Supervisor: Gunnar S. EskelandPlacement (first position): SINTEF 03.10.2023 Atle HaugenSupervisor: Øystein ForosPlacement (first position): BI Norwegian Business School 20.06.2023 Øivind André Strand AaseSupervisor: Jarle MøenPlacement (first position): Western Norway University of Applied Sciences (HVL) 21.02.2023 Gabriel Fuentes LezcanoMaritime transport applications in an operational efficiency perspective Supervisor: Roar Os Ådland Placement (first position): NHH 09.02.2023 Rasmus Noss BangSupervisor: Stein Ivar SteinshamnPlacement (first position): SNF 12.01.2023 André Wattø SjuveSupervisor: Trond M. DøskelandPlacement (first position): NHH 17.06.2022 Andreas OldenEssays on Behavioural Economics and Tax Compliance Supervisor: Jarle MøenPlacement (first position): The Norwegian Tax Administration 10.06.2022 Nahid RezaeiniaContributions to the Methodology and Practice of Optimization Problems with Multiple Preferences Supervisor: Mario GuajardoPlacement (first position): 26.04.2022 Ritvana RrukajSupervisor: Leif K. SandalPlacement (first position): Western Norway University of Applied Sciences 17.12.2021 Andreas ØrpetveitEssays on Actively Managed Equity Mutual Funds Supervisor: Trond M. DøskelandPlacement (first position): NHH 16.06.2021 Somayeh Rahimi AlangiSupervisor: Mette BjørndalPlacement (first position): Equinor 28.10.2020 Ondrej OsickaTopics in cooperative game theory and logistics Supervisor: Mario GuajardoPlacement (first position): NHH 08.09.2020 Lisa Maria AssmannForecasting, Efficiency and Speed in Maritime Shipping Supervisor: Jonas AnderssonPlacement (first position): Steem1960 Steensland Shipbrokers 15.06.2020 Evangelos ToumasatosEssays on game theory and fisheries management Supervisor: Stein Ivar SteinshamnPlacement (first position): Arvato Financial Solutions 
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                            Doctoral dissertations and placements 2015-2019Doctoral dissertations and placements 2015-201926.11.2019 Yuanming NiSupervisor: Stein Ivar SteinshamnPlacement (first position): SNF - Centre for Applied Research at NHH 17.10.2019 Aija (Polakova) RusinaEssays on multinational firm behaviour: Profit shifting, secrecy jurisdictions and stock value? Supervisor: Guttorm SchjelderupPlacement (first position): PricewaterhouseCoopers 09.04.2019 Mai Nguyen-OnesSupervisor: Øystein ForosPlacement (first position): The Norwegian Competition Authority 10.12.2018 Ørjan MydlandEssays on efficiency and economies of scope and scale in electricity networks Supervisor: Mette BjørndalPlacement (first position): Inland Norway University of Applied Sciences 22.11.2018 Vit ProcházkaUncertainty modeling and spatial positioning in tramp shipping Supervisor: Stein W. WallacePlacement (first position): SNF - Centre for Applied Research at NHH 26.10.2018 Hong CaiEssays on the European Electricity Markets Supervisor: Endre BjørndalPlacement (first position): CentraleSupélec, France 25.09.2018 Lars Hegnes SendstadEssays on Investments in Emerging Technologies: A Real Options Approach Supervisor: Petter BjerksundPlacement (first position): NTNU - Norwegian University of Science and Technology 28.08.2018 Yewen GuMaritime Emission Regulations and Operations Research in Shipping Supervisor: Stein W. WallacePlacement (first position): SNF - Centre for Applied Research at NHH 23.05.2018 Evangelos KyritsisEnergy Markets in Transition: Renewables, Bounds and Uncertainty: An Econometric Approach Supervisor: Jonas AnderssonPlacement (first position): VATT Institute for Economic Research 12.03.2018 Reza Azad GholamiEssays on Equilibria in Non-autonomous Bilevel Stochastic Games Supervisor: Leif K. SandalPlacement (first position): NORCE Norwegian Research Centre 30.01.2018 Seyed Mostafa MirhedayatianContribution to rich vehicle routing problems Supervisor: Stein W. WallacePlacement (first position): Tieto Norway 29.11.2017 Shiyu YanAutomobile in Transition: An Economic and Environmental Analysis of Policies for Reducing Supervisor: Gunnar S. EskelandPlacement (first position): ESRI - The Economic and Social Research Institute 11.01.2017 Nikhil AtreyaBanks: Liability Value and Optimal Capital Structure Under Alternative Asset Specifications Supervisor: Svein-Arne PerssonPlacement (first position): DNB 20.05.2016 Ivan BelikAn Integrated Analysis of Strategic Network Formation Supervisor: Kurt Jörnsten Placement (first position): NHH 18.12.2015 Xiaomei ChengEssays on Efficiency and Productivity in Electricity Networks Supervisor: Endre BjørndalPlacement (first position): NTNU - Norwegian University of Science and Technology 20.08.2015 Sahar BabriEssays on Transportation Supervisor: Jan UbøePlacement (first position): SINTEF 08.06.2015 Victoria GribkovskaiaEssays on Congestion Management in Electricity Markets Supervisor: Mette BjørndalPlacement (first position): MARINTEK 
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                            Doctoral dissertations and placements 2010-2014Doctoral dissertations and placements 2010-201410.06.2014 Patrick A. NarbelEssays in Renewable Energy Economics Supervisor: Gunnar S. EskelandPlacement (first position): Sund Energy 30.08.2013 Mario GuajardoJoint decision making and cost sharing: Theory and applications in natural resource supply chains Supervisor: Mikael RönnqvistPlacement (first position): NHH 14.12.2012 Jiehong KongIntegration and coordination of supply chain: Case studies in the forestry and petroleum industries Supervisor: Mikael RönnqvistPlacement (first position): SINTEF 09.11.2012 Xiaozi LiuEssays on economic optimization: bridging fisheries economics and fisheries biology Supervisor: Leif K. SandalPlacement (first position): Greenpeace 07.09.2012 Xunhua SuCredit Rationing: Theory and Evidence Supervisor: Karin S. ThorburnPlacement (first position): Norwegian University of Science and Technology (NTNU) 31.08.2012 Diwakar PoudelStochastic Analysis in Fisheries Management Supervisor: Leif K. SandalPlacement (first position): NHH 06.06.2012 Ove Rein HetlandEssays on Financial Intermediation Supervisor: Jørgen HaugPlacement (first position): Ernst & Young 30.05.2012 Veronica AraozPricing in Non-Convex Electricity Markets Supervisor: Kurt Jörnsten Placement (first position): Gjensidige 14.05.2012 Johannes MauritzenWindonomics: empirical essays on the economics of wind power in the Nordic electricity market Supervisor: Jonas AnderssonPlacement (first position): Research Institute of Industrial Economics, Stockholm 16.09.2011 Peter MolnàrSupervisor: Kjell G. Nyborg Placement (first position): Norwegian University of Science and Technology (NTNU) 12.08.2011 Einar BakkeEssays on IPOs Supervisor: Kjell G. Nyborg Placement (first position): University of Gothenburg 25.05.10 David McArthurRegional labour markets and spatial interaction mechanisms Supervisor: Jan UbøePlacement (first position): Stord/Haugesund University College 14.05.2010 Lars Magne NonåsOptimization topics within power markets, inventory systems with transshipments and election systems Placement (first position): MARINTEK - SINTEF 25.03.2010 Lars Qvigstad SørensenEssays on Asset Pricing Supervisor: Jørgen HaugPlacement (first position): RiskMetrics Group 
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                            Doctoral dissertations and placements 2005-2009Doctoral dissertations and placements 2005-200926.06.2009 Knut Peder HeenEssays in Corporate Governance Supervisor: Hans K. HvidePlacement (first position): University of Mannheim 11.05.2009 Linda RudEssays on Electricity Markets Supervisor: Kurt Jörnsten Placement (first position): NHH 26.09.2008 Jan-Magnus MobergEssays on Empirical Market Microstructure Supervisor: Jonas AnderssonPlacement (first position): PricewaterhouseCoopers 19.06.2008 Tao LinApplication of a Stochastic Price Modeling Method to Energy Commodities and Their Derivative Contracts Supervisor: Kristian R. MiltersenPlacement (first position): Statoil ASA 17.12.2007 Dennis FrestadElectricity spot and forward price dynamics and its relation to the market risk premium and risk management Supervisor: Petter BjerksundPlacement (first position): University of Agder 14.12.2007 Aksel MjøsCorporate Finance: Capital Structure and Hybrid Capital Supervisor: B. Espen EckboPlacement (first position): NHH 15.11.2007 Helge A. NordahlAn Analysis of Life and Pension Insurance Contracts Supervisor: Svein-Arne PerssonPlacement (first position): Gard AS 15.05.2007 Trond M. DøskelandSupervisor: Svein-Arne PerssonPlacement (first position): NHH 10.11.2006 Asmund OlstadDynamic pricing and lot-sizing within manufacturing Supervisor: Kurt Jörnsten Placement (first position): Molde University College 22.06.2006 Dick CarlssonPlanning and decision support in the pulp and paper supply chain Supervisor: Mikael RönnqvistPlacement (first position): Södra Cell AB 18.01.2005 Arne-Christian LundStochastic Modelling Approaches in Economics and Finance Supervisor: Leif K. SandalPlacement (first position): NHH 
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                            Doctoral dissertations and placements 2000-2004Doctoral dissertations and placements 2000-200402.09.2004 Randi NæsSupervisor: Steinar Ekern Placement (first position): Central Bank of Norway 25.03.2004 Fridthjof OllmarAn Analysis of Derivative Prices in the Nordic Power Market Supervisor: Jostein LillestølPlacement (first position): Agder Energi AS 28.11.2003 Ola KvaløyRelational Incentive Contracts and Allocation of Ownership Rights Supervisor: Trond E. OlsenPlacement (first position): University of Stavanger 25.09.2003 Valeri ZakamoulineOptimal Portfolio Choice and Option Pricing in Markets with Transaction Costs Supervisor: Knut K. AasePlacement (first position): Bodø University College 24.01.2003 Snorre LindsetEssays on Compound Contingent Claims and Financial Guarantees Supervisor: Svein-Arne PerssonPlacement (first position): Sør-Trøndelag University College 29.05.2002 Jarle Møen (Dept. of Economics)Do spillovers justify subsidies to commercial R&D – Four microeconometric essays Supervisor: Tor Jakob KlettePlacement (first position): NHH 24.05.2002 Endre BjørndalCost Allocation Problems in Network and Production Settings Supervisor: Kurt Jörnsten Placement (first position): NHH 08.05.2002 Steen KoekebakkerAsian options and commodity contingent claims valuation Supervisor: Svein-Arne PerssonPlacement (first position): University of Agder 20.12.2001 Jøril MælandAsymmetric Information and Irreversible Investments: Real Option Valuation and Strategies Placement (first position): NHH 19.12.2001 Gudbrand LienFive Essays on Risk Analysis in Agriculture Supervisor: Petter BjerksundPlacement (first position): Norwegian Agricultural Economics Research Institute 06.12.2001 Per Bjarte SolibakkeEssays on Changing Volatility in Thinly Traded Equity Markets Supervisor: Bernt Arne ØdegaardPlacement (first position): Molde University College 12.10.01 Tørres G. TrovikFour Essays on Security Design: Motivation and Implementation Supervisor: Gunnar StenslandPlacement (first position): Central Bank of Norway 09.10.2000 Al-Amin UssifSupervisor: Leif K. SandalPlacement (first position): University of Bergen 15.08.00 Iver BragelienCorporate coordination and the theory of the firm: Four essays Supervisor: Terje LensbergPlacement (first position): NHH 23.06.00 Øyvind HalskauDecompositions of Travelling Salesman Problems Placement (first position): Molde University College 17.03.00 Mette Helene BjørndalTopics on Electricity Transmission Pricing Placement (first position): NHH 11.02.00 Bjørne-Dyre Hougen SyverstenThe apportionment problem – A monograph Placement (first position): Sør-Trøndelag University College 
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                            Doctoral dissertations and placements 1995-1999Doctoral dissertations and placements 1995-199921.10.1999 Øyvind NorliAdverse selection and seasoned security offerings Supervisor: B. Espen EckboPlacement (first position): University of Toronto 29.06.1999 Jørgen HaugA Treatise on Asset Pricing Theory with Additive Nonseparable von Neumann-Morgenstern Utility Supervisor: Knut K. AasePlacement (first position): NHH xx.xx.1998 Tore Wiig JonsbråtenOptimization models for petroleum field exploitation Supervisor: Kurt Jörnsten Placement (first position): Stavanger University College xx.xx.1998 Kjell Bjørn NordalPolitical uncertainty: valuation and decision making with focus on oil investments Supervisor: Steinar Ekern Placement (first position): NHH xx.xx.1997 Anders BuvikEssays on financial optimization Supervisor: Kurt Jörnsten Placement (first position): DnB Markets xx.xx.1997 Atle NordliSix essays on dynamic and capacitated lot sizing Placement (first position): NHH xx.xx.1995 Heine RasmussenSocial choice and the continuity axiom Supervisor: Terje LensbergPlacement (first position): NHH xx.xx.1995 Nils E. Joachim Høegh-KrohnProducer assessment of demand and equilibrium in differentiated markets: a monograph on how producers who utilize a limited and specific set of information, anticipate consumer reactions, and how this assessment influences the market equilibrium Placement (first position): SNF