Ahti Salo

Professori
Professori
T302 Dept. Mathematics and Systems Analysis

Professor Salo has worked extensively on the development of decision analytic methods and their uses in resource allocation, innovation management, risk management, technology foresight, and efficiency analysis. He has published widely in leading international journals (including Management Science and Operations Research) and received awards for his research from the Decision Analysis Society of the Institute for Operations Research and the Management Sciences (INFORMS). He serves on the Editorial Boards of several refereed journals.

Professor Salo has directed a broad range of basic and applied research projects funded by leading industrial firms, industrial federations, and funding agencies. He has been visiting professor at the London Business School, Université Paris-Dauphine and the University of Vienna. He has been the President of the Finnish Operations Research Society (FORS) for two biennial terms. In 2010-11, he served as the European and Middle East representative of the International Activities Committee of INFORMS. In 2010-16, he was jury member of the EDDA Doctoral Dissertation Award of the Association of European Operational Research Societies (EURO), and chaired this jury in 2016. In 1999-2019, he was on the Board of the Association of Parliament Members and Researchers (Tutkas). In spring 2020, he was member of the Science Panel, appointed by the Prime Minister's Office for obtaining scientific support for the management of the COVID-19 pandemic. In 2020-2023, he is Member of the Government Foresight Group, appointed by the Prime Minister’s Office of Finland.

Full researcher profile
https://research.aalto.fi/...
Phone number
+358503830636

Areas of expertise

Efficiency analysis, Risk analysis, Systems analysis, Operations research

Honors and awards

2022 Frank P. Ramsey Medal

The Frank P. Ramsey medal is awarded for distinguished contributions in decision analysis. Distinguished contributions can be internal, such as theoretical or procedural advances in decision analysis, or external, such as developing or spreading decision analysis in new fields.
Award or honor granted for academic or artistic career Department of Mathematics and Systems Analysis Jan 2022

The MCDM Edgeworth-Pareto Award

The MCDM Edgeworth-Pareto Award is the highest distinction that the International Society on Multiple Criteria Decision Making bestows upon a researcher or practitioner of MCDM who has demonstrated a high level of creativity in developing novel areas of application of MCDM and associated methodology, markedly influencing the form of MCDM practice.
Award or honor granted for academic or artistic career Department of Mathematics and Systems Analysis Jun 2019

Member of the Finnish Academy of Science and Letters

Award or honor granted for academic or artistic career Department of Mathematics and Systems Analysis Jan 2017

Co-author of the paper “Contingent Portfolio Programming for the Management of Risky Projects” (Operations Research 53/6 (2005) 946-956) for which Janne Gustafsson won the 2005 Best Student Paper Award of the INFORMS Decision Analysis Society.

Award or honor granted for a specific work Department of Mathematics and Systems Analysis Jan 2005

Finalist in the competition for the 2007 Practice Award of the INFORMS Decision Analysis Society

Based on the case study “Integrated Multi-Criteria Budgeting for Maintenance and Rehabilitation Policies at the Finnish Road Administration”, presented with Pekka Mild.
Award or honor granted for a specific work Department of Mathematics and Systems Analysis Jan 2007

Winner (with Profs. Jeffrey Keisler and Alec Morton) of the 2013 Publication Award of the INFORMS Decision Analysis Society

In recognition of the book A. Salo, J. Keisler and A. Morton (eds.) Portfolio Decision Analysis: Improved Methods for Resource Allocation, Springer International Series in Operations Research & Management Science, Vol. 162, Springer, New York, 2011.
Award or honor granted for a specific work Department of Mathematics and Systems Analysis Jan 2013

Research groups

  • Operations Research and Systems Analysis, Professor

Publications

Two-stage stochastic program for environmental resettlement decision-making

Buket Cilali, Kash Barker, Andrés D. González, Ahti Salo 2024 Socio-Economic Planning Sciences

Achieving Emission-Reduction Goals: Multi-Period Power-System Expansion under Short-Term Operational Uncertainty

Tuomas Rintamäki, Fabricio Oliveira, Afzal Siddiqui, Ahti Salo 2024 IEEE Transactions on Power Systems

Fifty years of portfolio optimization

Ahti Salo, Michalis Doumpos, Juuso Liesiö, Constantin Zopounidis 2024 European Journal of Operational Research

Selecting combinations of reinforcement actions to improve the reliability of distribution grids in the face of external hazards

Joaquin de la Barra Toloza, Ahti Salo 2023 Proceedings of the The 33rd European Safety and Reliability Conference (ESREL 2023), 3 – 8 September 2023, Southampton, UK

A probabilistic cross-impact methodology for explorative scenario analysis

Juho Roponen, Ahti Salo 2023 Futures and Foresight Science

Decision programming for mixed-Integer multi-stage optimization under uncertainty

Ahti Salo, Juho Andelmin, Fabricio Oliveira 2022 European Journal of Operational Research

Using cross-impact analysis for probabilistic risk assessment

Ahti Salo, Edoardo Tosoni, Juho Roponen, Derek W. Bunn 2022 Futures and Foresight Science

COVID-19-tutkimuskatsaus 1/2022

Tarja Sironen, Ville Pimenoff, Kari Auranen, Tuija Leino, Sakari Karvonen, Otto Toivanen, Hanna Ylöstalo, Mari-Pauliina Vainikainen, Saku Mäkinen, Anni Arponen, Saila Heinikoski, Salla-Maaria Laaksonen, Ahti Salo 2022