Juuso Liesiö
Associate Professor
Associate Professor
E704 Dept. Information and Service Management
Prof. Liesiö works at the Management Science -group in the Department of Information and Service Management at the Aalto University School of Business. He has obtained his M.Sc. (Tech) and Dr.Sc. (Tech.) degrees from the Helsinki University of Technology, and has worked as a research scholar at the International Institute for Applied Systems Analysis (IIASA) in Austria. His research interests include portfolio decision analysis, robust resource allocation models and decision-support systems. In these fields he has developed novel modeling approaches, algorithms and computer software, and co-operated with several companies and public organizations to apply the research results to practice. Liesiö’s research has been published in European Journal of Operational Research, Operations Reserch, Management Science, Omega, Decision Analysis, Technological Forecasting & Social Change, and International Journal of Production Research.
Full researcher profile
https://research.aalto.fi/...
Email
juuso.liesio@aalto.fi
Areas of expertise
Management Science, Operations research, Multi-criteria decision analysis, Portfolio Decision Analysis, Multi-objective optimization, Systems analysis
Research groups
- Management Science, Professor (Associate Professor)
Publications
Benefits of deploying supply chain analytics : a case study in a renewable fuel company
Marjut Hirvonen, Katariina Kemppainen, Juuso Liesiö
2026
International Journal of Business Performance and Supply Chain Modelling
A framework for selecting action portfolios with incomplete and action-dependent scenario probabilities
Eeva Vilkkumaa, Petri Rikkinen, Juuso Liesiö
2026
Management Science
Optimization models for cumulative prospect theory under incomplete preference information
Peng Xu, Juuso Liesiö
2026
European Journal of Operational Research
Optimal resource allocation : Convex quantile regression approach
Sheng Dai, Natalia Kuosmanen, Timo Kuosmanen, Juuso Liesiö
2025
European Journal of Operational Research
Identifying enablers for the successful deployment of prescriptive analytics – a multiple case study
Marjut Hirvonen, Katri Kauppi, Juuso Liesiö
2025
European Business Review
Supporting Scenario-Based Decision-Making With Multi-Objective Optimization
Pekka Korhonen, Juuso Liesiö, Aapo Siljamäki, Jyrki Wallenius
2025
Futures and Foresight Science
Independent postulates for subjective expected utility
Mikko Harju, Juuso Liesiö, Kai Virtanen
2024
Theory and Decision
Modeling project interactions in multiattribute portfolio decision analysis : Axiomatic foundations and practical implications
Juuso Liesiö, Taeyoung Kee, Pekka Malo
2024
European Journal of Operational Research
A portfolio decision analysis approach for selecting a subset of interdependent actions
Jyri Mustajoki, Juuso Liesiö, Miika Kajanus, Tuomo Eskelinen, Saara Karkulahti, Taeyoung Kee, Anni Kesänen, Tapio Kettunen, Jyri Wuorisalo, Mika Marttunen
2024
Science of the Total Environment
Fifty years of portfolio optimization
Ahti Salo, Michalis Doumpos, Juuso Liesiö, Constantin Zopounidis
2024
European Journal of Operational Research
Portfolio models for optimizing drawdown duration
Andrei Vedernikov, Juuso Liesiö, Tomi Seppälä
2024
International Journal of Theoretical and Applied Finance
Incomplete risk-preference information in portfolio decision analysis
Juuso Liesiö, Markku Kallio, Nikolaos Argyris
2023
European Journal of Operational Research
Parallel and comparative use of three multicriteria decision support methods in an environmental portfolio problem
Mika Marttunen, Arto Haara, Turo Hjerppe, Mikko Kurttila, Juuso Liesiö, Jyri Mustajoki, Heli Saarikoski, Anne Tolvanen
2023
European Journal of Operational Research
Misallocation of labor and capital in Finland’s business sector
Sheng Dai, Natalia Kuosmanen, Tero Kuusi, Timo Kuosmanen, Juuso Liesiö, Terhi Maczulskij
2022
A Method to Co-Design Antenna Element and Array Patterns
Riku Kormilainen, Anu Lehtovuori, Juuso Liesio, Ville Viikari
2022
IEEE Access
What Causes Post-Decision Disappointment? Estimating the Contributions of Systematic and Selection Biases
Eeva Vilkkumaa, Juuso Liesiö
2022
European Journal of Operational Research
Nonadditive Multiattribute Utility Functions for Portfolio Decision Analysis
Juuso Liesiö, Eeva Vilkkumaa
2021
Operations Research
Portfolio Decision Analysis: Recent developments and future prospects
Juuso Liesiö, Ahti Salo, Jeffrey M. Keisler, Alec Morton
2021
European Journal of Operational Research
Procurement decisions over multiple periods under piecewise-linear shortage costs and fixed capacity commitments
Ville Sillanpää, Juuso Liesiö, Anssi Käki
2021
Omega: International Journal of Management Science
Efficient Allocation of Resources to a Portfolio of Decision Making Units
Juuso Liesiö, Juho Andelmin, Ahti Salo
2020
European Journal of Operational Research
Portfolio Diversification based on Stochastic Dominance under Incomplete Probability Information
Juuso Liesiö, Peng Xu, Timo Kuosmanen
2020
European Journal of Operational Research
Spatial multi-attribute decision analysis
Mikko Harju, Juuso Liesiö, Kai Virtanen
2019
European Journal of Operational Research
What to Do When Decision-Makers Deviate from Model Recommendations?
Anssi Käki, Katariina Kemppainen, Juuso Liesiö
2019
European Journal of Operational Research
A portfolio model for siting offshore wind farms with economic and environmental objectives
Alexana Cranmer, Erin Baker, Juuso Liesiö, Ahti Salo
2018
European Journal of Operational Research
Forecasting replenishment orders in retail
Ville Sillanpää, Juuso Liesiö
2018
International Journal of Production Research
Scenario-based portfolio model for building robust and proactive strategies
Eeva Vilkkumaa, Juuso Liesiö, Ahti Salo, Leena Ilmola-Sheppard
2018
European Journal of Operational Research
Portfolio decision analysis methods in environmental decision making
Tuomas J. Lahtinen, Raimo P. Hämäläinen, Juuso Liesiö
2017
Environmental Modelling & Software
Modeling project preferences in multiattribute portfolio decision analysis
Tommi Tervonen, Juuso Liesiö, Ahti Salo
2017
European Journal of Operational Research
Adjustable robustness for multi-attribute project portfolio selection
Thomas Fliedner, Juuso Liesiö
2016
European Journal of Operational Research
Newsvendor decisions under supply uncertainty
Anssi Käki, Juuso Liesiö, Ahti Salo, Srinivas Talluri
2015
International Journal of Production Research
Selecting infrastructure maintenance projects with Robust Portfolio Modeling
Pekka Mild, Juuso Liesiö, Ahti Salo
2015
Decision Support Systems
Fostering breakthrough technologies - How do optimal funding decisions depend on evaluation accuracy?
Eeva Vilkkumaa, Ahti Salo, Juuso Liesiö, Afzal Siddiqui
2015
Technological Forecasting & Social Change
Baseline value specification and sensitivity analysis in multiattribute project portfolio selection
Juuso Liesiö, Antti Punkka
2014
European Journal of Operational Research
Measurable Multiattribute Value Functions for Portfolio Decision Analysis
Juuso Liesiö
2014
Decision Analysis
Multicriteria Portfolio Modeling for the Development of Shared Action Agendas
Eeva Vilkkumaa, Ahti Salo, Juuso Liesiö
2014
Group Decision and Negotiation
Optimal Strategies for Selecting Project Portfolios Using Uncertain Value Estimates
Eeva Vilkkumaa, Juuso Liesiö, Ahti Salo
2014
European Journal of Operational Research
Cost-Efficiency Analysis of Weapon System Portfolios
Jussi Kangaspunta, Juuso Liesiö, Ahti Salo
2012
European Journal of Operational Research
Scenario-Based Portfolio Selection of Investment Projects with Incomplete Probability and Utility Information
Juuso Liesiö, Ahti Salo
2012
European Journal of Operational Research
A Methodology for the Identification of Prospective Collaboration Networks in International R&D Programs
Ville Brummer, Ahti Salo, Juuso Nissinen, Juuso Liesiö
2011
International Journal of Technology Management
A Resource Allocation Model for R&D Investments - A Case Study in Telecommunication Standardization
Antti Toppila, Juuso Liesiö, Ahti Salo
2011
Portfolio Decision Analysis
Robust portfolio modeling with incomplete cost information and project interdependencies
Juuso Liesio, Pekka Mild, Ahti Salo
2008
European Journal of Operational Research
Participatory development of a strategic product portfolio in a telecommunication company
M. Lindstedt, Juuso Liesiö, Ahti Salo
2008
International Journal of Technology Management
Preference Programming for Robust Portfolio Modeling and Project Selection
Juuso Liesiö, Pekka Mild, Ahti Salo
2007
European Journal of Operational Research
A Case Study in Participatory Priority-Setting for a Scandinavian Research Program
Ahti Salo, Juuso Liesiö
2006
International Journal of Information Technology and Decision Making
RPM - Robust Portfolio Modeling for Project Selection
Pekka Mild, Juuso Liesiö, Ahti Salo
2005
Selecting Forest Sites for Voluntary Conservation with Robust Portfolio Modeling
Antti Punkka, Juuso Liesiö, Ahti Salo
2005
Robust Portfolio Modeling for Scenarios-Based Project Appraisal
Ahti Salo, Juuso Liesiö, Pekka Mild
2005
Multi-criteria capital budgeting with incomplete preference information
Pekka Mild, Juuso Liesiö, Ahti Salo
2004