Verena Hagspiel is an Associate Professor in the Department of Industrial Economics and Technology Management at the Norwegian University of Science and Technology.

She received her MSc. in Technical Mathematics from the Technical University of Graz in 2008 and a MSc in Quantitative Finance and Actuarial Sciences from Tilburg University in 2007. In 2011 she received her Ph.D. in Economics from Tilburg University. Before joining NTNU she has worked as a Post-doctoral Researcher at the Department of Mathematics at the University of Lisbon and the Department of Operations at the University of Lausanne.

Her primary fields of interest are quantitative finance, industrial organization, microeconomics and operations management. Specifically she applies financial and operational methods for analyzing investment decisions under uncertainty. She is interested in how dynamics and uncertainty affect the firm’s investment and innovation behavior.

In another line of research, she uses quantitative finance tools to support decision making in operations management. Here she applies option pricing techniques to evaluate risk exposure in supply chain management.

Fields of Interest: Quantitative Finance, Industrial Organization, Microeconomics, Operations Management


Associate Professor, (8/2013 – current)
Department of Industrial Economics and Technology Management,
Norwegian University of Science and Technology, Trondheim, Norway

Postdoctoral Research Fellow, (8/2012 – 7/2013)
Dèpartement des Opèrations , HEC, Universitè de Lausanne

Postdoctoral Research Fellow, (10/2011 – 07/2012)
Instituto Superior Tècnico and CEMAT, Lisbon


PhD in Economics, (2011)
Tilburg University, The Netherlands

Dipl.-Ing. (MSc and BSc equiv.) Technical Mathematics, (2008)
Technische Universitat Graz, Graz, Austria

MSc in Quantitative Finance and Actuarial Sciences, (2007)
Tilburg University, The Netherlands