Department of Management

Erik Reimer Larsen

Professor

Erik Reimer Larsen
Professor
Department of Management
Postal address:
Fuglesangs Allé 4
2610, S321
8210 Aarhus V
Denmark

Email: erik.larsen@mgmt.au.dk
Phone: +4587165492

Qualifications

Engineering , MSc, Danmarks Tekniske Universitet

… → 1988

Economics, PhD, Copenhagen Business School

… → 1992

Employment

Profesor Honorario

Universidad Nacional de Colombia Sede Medellín

Medellin, Colombia

30 Sep 2014 → …

Professor

University of Lugano

Switzerland

1 Sep 200531 Dec 2016

Professor

Cass Business School

United Kingdom

1 Sep 199931 Aug 2005

Reader

Cass Business School

United Kingdom

1 Aug 199831 Aug 1999

Marie Curie Fellow

University of Bologna

Italy

1 Apr 199631 Mar 1998

Research Fellow

London Business School

1 Jan 199231 Mar 1996

Prizes

Credit Swiss Award For Best Teaching

Erik Reimer Larsen (Recipient), 2010

Goodeve Medal

Erik Reimer Larsen (Recipient), 1994

University Teaching

Aarhus University

  Organizations and leadership, HD 
  Strategy, 3 semester bachelor
  Strategy, 4 semester exchange program

University of Lugano (2005-2016) 
  Introduction to Strategy MSc International tourism 2016, 2017 
  Field projects, MSc International tourism 2016 
  Strategy, Executive MBA, 2011 -   
  Strategic Thinking, Executive Master in Communication, 2006- 2016 
  Advanced Business Strategy, 3rd year undergraduate course, 2005 – 2016 
  Corporate Strategy, M.Sc. Communication, M.Sc. Marketing, & M.Sc. Management, core
     course, 2005 – 2016 
  Business Dynamics, M.Sc. core course, 2008 – 2016 
  Entrepreneurship in Technology Industries, M.Sc. Embedded Systems, 2006 – 2015 
  Mentoring Field projects (external consulting projects for students)   MSc in Management, 
    Marketing, Corporate Communication, and Management and Informatics, 2007, 2010, 
    2013, 2014 
  Managerial Economics 2, Core course, MSc Management 2012 - 2014 
  Writing Business Plans, M.Sc. in Management (mentoring groups), 2009 - 2013 
  Strategic Planning. Executive Master in Humanitarian Logistic and Management, 2011 
  The Business of Software B.Sc. Computer Sciences, 2006–2008 
  Operations Management, MSc Management core course 2006 - 2008
  Global Market Strategies, MSc elective, 2006, 2009 
  Business Dynamics and Strategy, M.Sc. Management and Economics core course, 2005
  Simulation Based Research, PhD Course, 2005


Cass Business School (1998-2005) 
  Introduction to Systems, 1st year undergraduate core course, 2004 
  Operations Management, M.Sc. Management core course, 2004 
  System Dynamics, 2nd year undergraduate course, 1998 –2004
  Modeling for Consultants, M.Sc. Management elective course, 2004
  Business Dynamics, MB A and EMBA elective, , 1999-2010 (2 or 4 times /year)
  Introduction to Management Research PhD Course, 1999-2003
  Managerial Decision Making, MBA Elective, 2003
  Entrepreneurship: Writing Business Plans, MBA core course, 1999-2002
  Systems Thinking, MBA core course, , 1998-2002


University of Bologna (1996-1998)
  System Dynamics, PhD Course, 1997

London Business School (1992-1995)
  The Art and Science of the Long View, MBA elective course, 1995. 
  Advanced Business Modeling, MBA elective and PhD course, 1992-1994


A number of workshops and short courses on strategy, system dynamics, strategic modeling, non-linear dynamics, systems thinking or electricity markets (Master, Ph.D. or executive) at:  
  The Judge Institute, University of Cambridge, UK, 1993-1995 
  The National University of Colombia, Colombia, 1995- 
  University of Economic Sciences, Budapest, 1997
  School of Engineering, City University, UK, 1998-2004
  University of Lausanne, Switzerland, 2000-2003
  Monterrey Institute of Technology (ITEMS), Mexico, 2003
  University of Warwick, UK, 2003
  EPFL, Switzerland, 2000-2003
  University of Auckland, New Zealand, 2005
  University of Italian Switzerland, Lugano, 2005


Projects

EEEHy: Efficient and Economic Electrolytic Hydrogen production (EEEHy)

Rohrbeck, R. & Larsen, E. R.

01/11/201731/10/2021

FORESIGHT: Strategic Foresight Research Network

Larsen, E. R., Rohrbeck, R., Bidmon, C. M., Jissink, T., Schwarz, J. O., Boe-Lillegraven, S., Knab, S., Thorén, K., Moqaddamerad, S., Heger, T., Kum, M. E., Spaniol, M., Holm, A. B. & Gordon, A.

01/07/2015 → …

Academic Grants

“Co-evolution of electricity markets and their regulation” Swiss National Science Foundation, 2016-2019, (with A. van Ackere)

“Security of Supply in Electricity: An integrated Approach II” Interdisciplinary project: Swiss National Science Foundation, 2015-2016, CHF 63.000 (With Ann van Ackere and Rico Maggi)

“Security of Supply in Electricity: An integrated Approach” Interdisciplinary project: Swiss National Science Foundation, 2012-2015. (With Ann van Ackere and Rico Maggi)

“Behavioural Aspects of Queuing Theory II” Swiss National Science Foundation, 2009-2011, (with A. van Ackere)

“Behavioural Aspects of Queuing Theory” Swiss National Science Foundation, 2007-2009 (with A. van Ackere)

“Resource Partitioning and the Limits to Growth of Organizational Population” Swiss National Science Foundation, 2006-2008 (with A. Lomi)

Where do Industry Boundaries Come From? Exploring the Network Dynamics of Mergers and Acquisitions in the International Electricity Industry” European Science Foundation 2006-2009 (with A. Lomi)

“Entrepreneurship growth and management games” Kaufman Foundation, 1999, (with J. Freeman and A. Lomi)

Designing Regulatory Frameworks, (Marie Curie Fellowship) EU, 1996-1998,

Computational Organizational Theory, Danish Social Science Research Council, 1993-1994,

Complexity in Economics, Danish Social Science Research Council, 1989-1991

Government Funded Projects

Project Development for GeoHit. Funded by Region Midt-Jylland, 2012-2014 (with R. Krause and K. Schipper),

Scenarios for The evolution of the Colombian Mining Sector, Funded by UPME (Government of Colombia) 2013-2014 (with the National University of Colombia)

Futures for Sustainable Energy in Colombia: Scenario Analysis. Funded by Government of Columbia and The World Bank 1999-2000 (with Karios Futures and the National University of Colombia


Publications

Can electricity companies be too big to fail?

Larsen, E. R., van Ackere, A. & Osorio, S., 2018, In : Energy Policy. 119, p. 696-703 8 p.

Forward contracts in electricity markets and capacity investment: A simulation study

Álvarez-Uribe, K. C., Arango-Aramburo, S. & Larsen, E. R., 2018, In : Utilities Policy. 54, October, p. 1-10 10 p.

Managing service facilities with endogenous arrival and service rates

Delgado-Alvarez, C. A., van Ackere, A. & Larsen, E. R., 2018, In : International Transactions in Operational Research. 29 p.

Understanding the future of Seawater Air Conditioning in the Caribbean: A simulation approach

Arias Gaviria, J., Larsen, E. R. & Arango-Aramburo, S., 2018, In : Utilities Policy. 53, August, p. 73-83 11 p.

A framework to evaluate security of supply in the electricity sector

Larsen, E. R., Osorio, S. & van Ackere, A., 2017, In : Renewable & Sustainable Energy Reviews. 79, p. 646-655 10 p.

Construction of a Chilean energy matrix portraying energy source substitution: A system dynamics approach

Gómez, C. R., Arango-Aramburo, S. & Larsen, E. R., 2017, In : Journal of Cleaner Production. 162, p. 903-913 11 p.

Interdependencies in security of electricity supply

Osorio, S., van Ackere, A. & Larsen, E. R., 2017, In : Energy. 135, p. 598-609 12 p.

Managing capacity at a service facility: An experimental approach

Delgado-Alvarez, C. A., van Ackere, A., Larsen, E. R. & Arango-Aramburo, S., 2017, In : European Journal of Operational Research. 259, 1, p. 216-228 13 p.

Simulating mining policies in developing countries: The case of Colombia

Arango-Aramburo, S., Jaramillo, P., Olaya, Y., Smith, R., Restrepo, O. J., Saldarriaga-Isaza, A., Arias-Gaviria, J., Parra, J. F., Larsen, E. R., Gomez-Rios, L. M. & Castellanos-Niño, L. Y., 2017, In : Socio-Economic Planning Sciences. 60, December, p. 99-113 15 p.

Too Big to Fail in the Electricity Sector

Osorio, S., Larsen, E. R. & van Ackere, A., 2017, In : I A E E Energy Forum. 2017, p. 26-28 3 p.

Towards long-term economic welfare in deregulated electricity markets: Testing capacity mechanisms in an experimental setting

Lara-Arango, D., Arango-Aramburo, S. & Larsen, E. R., 2017, In : Electricity Journal. 30, 6, p. 53-71 19 p.

Uncertainty and the long-term adequacy of supply: Simulations of capacity mechanisms in electricity markets

Lara-Arango, D., Arango-Aramburo, S. & Larsen, E. R., 2017, In : Energy Strategy Reviews. 18, p. 199-211 13 p.

Simulation and laboratory experiments: Exploring self-organizing behavior in a collective choice model

Arango-Aramburo, S., van Ackere, A. & Larsen, E. R., 1 Jan 2016, Behavioral Operational Research: Theory, Methodology and Practice. Kunc, M., Malpass, J. & White, L. (eds.). Palgrave Macmillan, p. 87-104 18 p.

How capacity mechanisms drive technology choice in power generation: The case of Colombia

Olaya, Y., Arango-Aramburo, S. & Larsen, E. R., 2016, In : Renewable & Sustainable Energy Reviews. 56, p. 563-571 9 p.

Self-organizing behavior in collective choice models: laboratory experiments

Arango, S., Larsen, E. R. & van Ackere, A., 2016, In : Management Decision. 54, 2, p. 288-303 16 p.

The micro-dynamics of queuing: Understanding the formation of queues

Sankaranarayanan, K., Delgado, C., van Ackere, A. & Larsen, E. R., 2014, In : Journal of Simulation. 8, 4, p. 304-313 10 p.

Dynamic capacity adjustments with reactive customers

van Ackere, A., Haxholdt, C. & Larsen, E. R., 2013, In : Omega: The International Journal of Management Science. 41, 4, p. 689-705 17 p.

Evaluation of a payments proposal for blackstart services in the Colombian electricity system: A system dynamics approach

Carvajal, S. X., Arango, S. & Larsen, E. R., 2013, In : International Journal of Electrical Power and Energy Systems. 53, p. 382-389 8 p.

Mothballing in power markets: An experimental study

Arango, S., Castañeda, J. A. & Larsen, E. R., 2013, In : Energy Economics. 36, p. 125-134 10 p.

Thinking about the future: System dynamics and the process of electricity deregulation

Larsen, E. R. & Arango, S., 2013, Energy Policy Modeling in the 21st Century. Qudrat-Ullah, H. (ed.). Springer, p. 17-30 14 p. (Understanding Complex Systems).

Why is there no cannery in 'Cannery Row'? Exploring a behavioral simulation model of population extinction

Freeman, J., Larsen, E. R. & Lomi, A., 2012, In : Industrial and Corporate Change. 21, 1, p. 99-125 27 p., dtr072.

A queuing system with risk-averse customers: Sensitivity analysis of performance

Delgado, C. A., van Ackere, A. & Larsen, E. R., 2011, 2011 IEEE International Conference on Industrial Engineering and Engineering Management. IEEE, p. 1720-1724 5 p. 6118210

Collective Behavioral Patterns in a Multichannel Service Facilities System: A Cellular Automata Approach

Delgado, C. A., van Ackere, A., Larsen, E. R. & Sankaranarayanan, K., 2011, Operations research, computing, and homeland defense: 12th INFORMSA Computing Society Conference. Wood, R. K. & Dell, R. F. (eds.). Institute for Operations Research and the Management Sciences (INFORMS), p. 16-27 12 p.

Cycles in deregulated electricity markets: Empirical evidence from two decades

Arango, S. & Larsen, E., 2011, In : Energy Policy. 39, 5, p. 2457-2466 10 p.

Regulation and development of the Argentinean gas market

Ponzo, R., Dyner, I., Arango-Aramburo, S. & Larsen, E. R., 2011, In : Energy Policy. 39, 3, p. 1070-1079 10 p.

Genetic algorithm based optimization of an agent based queuing system

Sankaranarayanan, K., Larsen, E. R., Van Ackere, A. & Delgado, C. A., 2010, The IEEE International Conference on Industrial Engineering and Engineering Management: IEEM2010. p. 1344-1348 5 p. 5674414

Getting there: Exploring the role of expectations and preproduction delays in processes of organizational founding

Lomi, A., Larsen, E. R. & Wezel, F. C., 2010, In : Organization Science. 21, 1, p. 132-149 18 p.

The environmental paradox in generation: How South America is gradually becoming more dependent on thermal generation

Arango, S. & Larsen, E. R., 2010, In : Renewable & Sustainable Energy Reviews. 14, 9, p. 2956-2965 10 p.

Games for electricity traders: Understanding risk in a deregulated industry

Dyner, I., Larsen, E. & Franco, C. J., Feb 2009, In : Energy Policy. 37, 2, p. 465-471 7 p.

Intelligent agents behavior in the queueing process: Integrating cellular automata & genetic algorithms

Sankaranarayanan, K., Larsen, E. R. & Van Ackere, A., 2009, IEEM 2009 - IEEE International Conference on Industrial Engineering and Engineering Management. p. 2099-2103 5 p. 5373158

The privatization of EEB: From cash drain to major contributor

Cavaliere, C., Larsen, E. R. & Dyner, I., Mar 2007, In : Energy Policy. 35, 3, p. 1884-1895 12 p.

Lessons from deregulation: Understanding electricity markets in South America

Arango, S., Dyner, I. & Larsen, E. R., Sep 2006, In : Utilities Policy. 14, 3, p. 196-207 12 p.

Long-term and short-term customer reaction: A two-stage queueing approach

van Ackere, A., Haxholdt, C. & Larsen, E. R., 2006, In : System Dynamics Review. 22, 4, p. 349-369 21 p.

Understanding the Argentinean and Colombian electricity markets

Dyner, I., Arango, S. & Larsen, E. R., 2006, Electricity Market Reform: An International Perspective. Sioshansi, F. P. & Pfaffenberger, W. (eds.). Elsevier, p. 595-616 22 p. (Elsevier Global Energy Policy and Economics Series).

Things change: Dynamic resource constraints and system-dependent selection in the evolution of organizational populations

Lomi, A., Larsen, E. R. & Freeman, J. H., Jun 2005, In : Management Science. 51, 6, p. 882-903 22 p.

Energy scenarios for Colombia: Process and content

Smith, R. A., Vesga, D. R. A., Cadena, A. I., Boman, U., Larsen, E. & Dyner, I., Feb 2005, In : Futures The journal of policy, planning and futures studies. 37, 1, p. 1-17 17 p.

Lessons from deregulation in Colombia: Successes, failures and the way ahead

Larsen, E. R., Dyner, I., Bedoya V, L. & Franco, C. J., 2004, In : Energy Policy. 32, 15, p. 1767-1780 14 p.

Self-organising behaviour in the presence of negative externalities: A conceptual model of commuter choice

Van Ackere, A. & Larsen, E. R., 2004, In : European Journal of Operational Research. 157, 2, p. 501-513 13 p.

Mode locking and chaos in a deterministic queueing model with feedback

Haxholdt, C., Larsen, E. R. & Van Ackere, A., 2003, In : Management Science. 49, 6, p. 816-830 15 p.

Organization, evolution and performance in neighborhood-based systems

Lomi, A., Larsen, E. R. & van Ackere, A., 2003, Geography and Strategy. Baum, J. A. C. & Sorenson, O. (eds.). Emerald Group Publishing, p. 239-265 27 p. (Advances in Strategic Management, Vol. 20).

Simulation for organisational learning in competitive electricity markets

Dyner, I., Larsen, E. & Lomi, A., 2003, Risk and flexibility in electricity: Introduction to the fundamentals and techniques. Ku, A. (ed.). Risk Books, p. 205-234 30 p.

Representing change: A system model of organizational inertia and capabilities as dynamic accumulation processes

Larsen, E. & Lomi, A., 2002, In : Simulation Modelling Practice and Theory. 10, 5-7, p. 271-296 26 p.

Dynamics of organizations: Computational modeling and organizational theories

Lomi, A. (ed.) & Larsen, E. R. (ed.), 2001, MIT Press.

Entrepreneurship in context: strategic interaction and the emergence of regional economies

Ginsberg, A., Larsen, E. R. & Lomi, A., 2001, The entrepreneurship dynamic: Origins of entrepreneurship and the evolution of industries. Schoonhoven, C. B. & Romanelli, E. (eds.). Stanford University Press, p. 314-348 35 p.

From planning to strategy in the electricity industry

Dyner, I. & Larsen, E. R., 2001, In : Energy Policy. 29, 13, p. 1145-1154 10 p.

Improving firm performance in out-of-equilibrium, deregulated markets using feedback simulation models

Gary, S. & Larsen, E. R., 2000, In : Energy Policy. 28, 12, p. 845-855 11 p.

Learning with simulation: Understanding the strategic implications of deregulation and competition in the electricity industry

Larsen, E. R., 2000, Proceedings of the Workshop on Agent Simulation: Applications, Models, and Tools, October 15-16, 1999, The University of Chicago /. Macal, C. M. & Sallach, D. (eds.). p. 73-95 23 p.

Complex behaviour in a production-distribution model

Larsen, E. R., Morecroft, J. D. W. & Thomsen, J. S., 1999, In : European Journal of Operational Research. 119, 1, p. 61-74 14 p.

Deregulation in electricity: Understanding strategic and regulatory risk

Larsen, E. R. & Bunn, D., 1999, In : Journal of the Operational Research Society. 50, 4, p. 337-344 8 p.

Evolutionary models of local interaction

Lomi, A. & Larsen, E. R., 1999, Variations in Organization Science: In Honor of Donald T. Campbell. Baum, J. A. C. & McKelvey, B. (eds.). Thousand Oaks, CA: SAGE Publications, p. 255-278 34 p.

Learning without experience: Strategic implications of deregulation and competition in the electricity industry

Lomi, A. & Larsen, E., 1999, In : European Management Journal. 17, 2, p. 151-163 13 p.

Resetting the clock: A feedback approach to the dynamics of organisational inertia, survival and change

Larsen, E. R. & Lomi, A., 1999, In : Journal of the Operational Research Society. 50, 4, p. 406-421 16 p.

The organizational ecology of strategic interaction

Lomi, A., Larsen, E. R. & Ginsberg, A., 1999, Advances in Strategic Management. Miner, A. & Anderson, P. (eds.). Bingley: Emerald Group Publishing, Vol. 16. p. 81-112 (Advances in Strategic Management, Vol. 16).

Density Delay and Organizational Survival: Computational Models and Empirical Comparisons

Lomi, A. & Larsen, E. R., 1998, In : Computational & Mathematical Organization Theory. 3, 4, p. 219-247 29 p.

Where do industrial districts come from? A cellular automata model of competition, cooperation and the dynamics of industrial clusters

Ginsberg, A., Larsen, E. & Lomi, A., 1998, Cellular Automata: Research Towards Industry: ACRI’98 — Proceedings of the Third Conference on Cellular Automata for Research and Industry, Trieste, 7–9 October 1998. Serra, R. & Liverani, FS. (eds.). Springer, p. 49-66 18 p.

A computational approach to the evolution of competitive strategy

Lomi, A. & Larsen, E. R., 1997, In : Journal of Mathematical Sociology. 22, 2, p. 151-176 26 p.

Adaptive learning in organizations: A system dynamics-based exploration

Lomi, A., Larsen, E. R. & Ginsberg, A., 1997, In : Journal of Management. 23, 4, p. 561-582 22 p.

Maintaining service quality under pressure from investors: A systems dynamics model as a hands-on learning tool

Van Ackere, A., Warren, K. & Larsen, E., 1997, In : European Management Journal. 15, 2, p. 128-137 10 p.

Mode-locking in a forced business cycle

Larsen, E. R. & Haxholdt, C., 1997, In : Technological Forecasting and Social Change. 56, 2, p. 119-130 12 p.

Modelling latent market power across gas and electricity markets

Bunn, D. W., Dyner, I. & Larsen, E. R., 1997, In : System Dynamics Review. 13, 4, p. 271-288 18 p.

Systems modelling for energy policy

Bunn, D. W. (ed.) & Larsen, E. R. (ed.), 1997, Wiley. 342 p.

The growth of service and the service of growth: Using system dynamics to understand service quality and capital allocation

Larsen, E. R., van Ackere, A. & Warren, K., 1997, In : Decision Support Systems. 19, 4, p. 271-287 17 p.

Generating strategy from individual behavior: a dynamic model of structural embeddedness

Lomi, A., Larsen, E. R. & Ginsberg, A., 1996, The Embeddedness of Strategy. Baum, J. A. C. & Dutton, J. E. (eds.). Emerald Group Publishing, p. 121-147 27 p. (Advances in Strategic Management, Vol. 13).

Interacting locally and evolving globally: A computational approach to the dynamics of organizational populations

Lomi, A. & Larsen, E. R., 1996, In : Academy of Management Journal. 39, 5, p. 1287-1321 35 p.

Converging Technologies: Multimedia and Gaming Simulations

Langley, P. A. & Larsen, E. R., 1995, In : Journal of Intelligent Systems. 5, 2-4, p. 151-178 28 p.

Edutainment, learning and system dynamics

Langley, P. A. & Larsen, E. R., 1995, In : System Dynamics Review. 11, 4, p. 321–326

The dynamics of resource sharing: A metaphorical model

Morecroft, J. D. W., Larsen, E. R., Lomi, A. & Ginsberg, A., 1995, In : System Dynamics Review. 11, 4, p. 289-309 21 p.

The emergence of organizational structures

Lomi, A. & Larsen, E. R., 1995, Design Models for Hierarchical Organizations: Computation, Information, and Decentralization. Burton, R. M. & Obel, B. (eds.). Kluwer Academic Publishers, p. 209-232 24 p.

Assessment of the uncertainty in future UK electricity investment using an industry simulation model

Bunn, D. W. & Larsen, E. R., 1994, In : Utilities Policy. 4, 3, p. 229-236

Complementary modelling approaches for analysing several effects of privatization on electricity investment

Bunn, D. W., Larsen, E. R. & Vlahos, K., 1993, In : Journal of the Operational Research Society. 44, 10, p. 957-971 15 p.

Mode locking and nonlinear entrainment of macroeconomic cycles

Mosekilde, E., Larsen, E. R., Sterman, J. D. & Thomsen, J. S., 1993, Nonlinear Dynamics and Evolutionary Economics. Day, R. H. & Chen, P. (eds.). Oxford University Press, p. 58-83 26 p.

Systems thinking and business process redesign: An application to the beer game

Van Ackere, A., Larsen, E. R. & Morecroft, J. D. W., 1993, In : European Management Journal. 11, 4, p. 412-423 12 p.

Nonlinear mode-interaction in the macroeconomy

Mosekilde, E., Thomsen, J. S., Reimer Larsen, E. & Sterman, J. D., 1 Dec 1992, In : Annals of Operations Research. 37, 1, p. 185-215 31 p.

Sensitivity of reserve margin to factors influencing investment behaviour in the electricity market of England and Wales

Bunn, D. W. & Larsen, E. R., 1992, In : Energy Policy. 20, 5, p. 420-429 10 p.

Coping with complexity: Deterministic chaos in human decisionmaking behavior

Mosekilde, E., Larsen, E. & Sterman, J. D., 1991, Beyond belief: Deterministic chaos in human decisionmaking behavior. Casti, J. L. & Karlqvist, A. (eds.). CRC Press, p. 199-229 31 p.

Deterministic chaos in the beer production‐distribution model

Mosekilde, E. & Larsen, E. R., 1988, In : System Dynamics Review. 4, 1-2, p. 131-147 17 p.