In-depth Study of Financial Engineering or Operations Research


Recommended prerequisite for participation in the module

The module builds on knowledge obtained by the modules on the 1st semester.

Objectives: Students who have completed the module meet the following criteria concerning at least one central area within Mathematics-Economics.

Content, progress and pedagogy of the module

Learning objectives


  • have expert understanding of relevant theories and methods within either quantitative finance and computational statistics or have gained in-depth knowledge of the operations of supply chains / complex networks and the behavior of these

  • are able to understand and on a scientific basis reflect on these subject areas’ scientific issues

  • The knowledge could be gained in a development project (but is not confined to this): with one or more companies or public organisations or in a lab environment concerning supply chain software or techniques


  • is able to identify, formulate and analyse a scientific problem independently, systematically and critically

  • is able to relate the problem to either a quantitative finance subject area or a supply chain operations subject area using for example data mining, including explaining the choices that have been made in connection to the delimitation of the problem

  • is able to independently make and justify the choice of theories and methods

  • is able to communicate research-based knowledge and discuss the professional and scientific problems with other people both within mathematics and economics


  • is able to control work and development situations which are complex, unpredictable and require new models within quantitative finance and computational statistics or operations research

  • is able to initiate and complete collaborations, and if relevant also interdisciplinary collaborations, as well as assume professional responsibility

  • is able to independently assume responsibility for own professional development and specialisation

Type of instruction

Projekt work including PBL elements.

Extent and expected workload

This is a 15 ECTS project module and the work load is expected to be 450 hours for the student.



Name of examIn-Depth Study of Financial Engineering or Operations Research
Type of exam
Oral exam based on a project
Permitted aidsPlease see the semester description / module description
Assessment7-point grading scale
Type of gradingExternal examination
Criteria of assessmentThe criteria of assessment are stated in the Examination Policies and Procedures

Facts about the module

Danish titleFordybelse inden for financial engineering eller operations research
Module codeK-MØK2-IDSFE
Module typeProject
Duration1 semester
Language of instructionDanish and English
Empty-place SchemeYes
Location of the lectureCampus Aalborg
Responsible for the module


Education ownerMaster of Science (MSc) in Mathematics-Economics
Study BoardStudy Board of Mathematical Sciences
DepartmentDepartment of Mathematical Sciences
FacultyThe Faculty of Engineering and Science