diff --git a/src/storm/modelchecker/csl/helper/SparseMarkovAutomatonCslHelper.cpp b/src/storm/modelchecker/csl/helper/SparseMarkovAutomatonCslHelper.cpp
index bd33e747e..1ca0b3728 100644
--- a/src/storm/modelchecker/csl/helper/SparseMarkovAutomatonCslHelper.cpp
+++ b/src/storm/modelchecker/csl/helper/SparseMarkovAutomatonCslHelper.cpp
@@ -415,10 +415,10 @@ namespace storm {
                 }
                 
                 // Solve MEC with the method specified in the settings
-                storm::solver::MinMaxMethod method = storm::settings::getModule<storm::settings::modules::MinMaxEquationSolverSettings>().getMinMaxEquationSolvingMethod();
-                if (method == storm::solver::MinMaxMethod::LinearProgramming) {
+                storm::solver::LraMethod method = storm::settings::getModule<storm::settings::modules::MinMaxEquationSolverSettings>().getLraMethod();
+                if (method == storm::solver::LraMethod::LinearProgramming) {
                     return computeLraForMaximalEndComponentLP(dir, transitionMatrix, exitRateVector, markovianStates, rewardModel, mec);
-                } else if (method == storm::solver::MinMaxMethod::ValueIteration) {
+                } else if (method == storm::solver::LraMethod::ValueIteration) {
                     return computeLraForMaximalEndComponentVI(dir, transitionMatrix, exitRateVector, markovianStates, rewardModel, mec, minMaxLinearEquationSolverFactory);
                 } else {
                     STORM_LOG_THROW(false, storm::exceptions::InvalidSettingsException, "Unsupported technique.");
diff --git a/src/storm/modelchecker/prctl/helper/SparseMdpPrctlHelper.cpp b/src/storm/modelchecker/prctl/helper/SparseMdpPrctlHelper.cpp
index ca2c1c6ff..c8dab63c4 100644
--- a/src/storm/modelchecker/prctl/helper/SparseMdpPrctlHelper.cpp
+++ b/src/storm/modelchecker/prctl/helper/SparseMdpPrctlHelper.cpp
@@ -692,10 +692,10 @@ namespace storm {
                 }
                 
                 // Solve MEC with the method specified in the settings
-                storm::solver::MinMaxMethod method = storm::settings::getModule<storm::settings::modules::MinMaxEquationSolverSettings>().getMinMaxEquationSolvingMethod();
-                if (method == storm::solver::MinMaxMethod::LinearProgramming) {
+                storm::solver::LraMethod method = storm::settings::getModule<storm::settings::modules::MinMaxEquationSolverSettings>().getLraMethod();
+                if (method == storm::solver::LraMethod::LinearProgramming) {
                     return computeLraForMaximalEndComponentLP(dir, transitionMatrix, rewardModel, mec);
-                } else if (method == storm::solver::MinMaxMethod::ValueIteration) {
+                } else if (method == storm::solver::LraMethod::ValueIteration) {
                     return computeLraForMaximalEndComponentVI(dir, transitionMatrix, rewardModel, mec, minMaxLinearEquationSolverFactory);
                 } else {
                     STORM_LOG_THROW(false, storm::exceptions::InvalidSettingsException, "Unsupported technique.");
diff --git a/src/storm/settings/modules/MinMaxEquationSolverSettings.cpp b/src/storm/settings/modules/MinMaxEquationSolverSettings.cpp
index dccb37a7a..398eaaeac 100644
--- a/src/storm/settings/modules/MinMaxEquationSolverSettings.cpp
+++ b/src/storm/settings/modules/MinMaxEquationSolverSettings.cpp
@@ -17,6 +17,7 @@ namespace storm {
             const std::string MinMaxEquationSolverSettings::maximalIterationsOptionShortName = "i";
             const std::string MinMaxEquationSolverSettings::precisionOptionName = "precision";
             const std::string MinMaxEquationSolverSettings::absoluteOptionName = "absolute";
+            const std::string MinMaxEquationSolverSettings::lraMethodOptionName = "lramethod";
 
             MinMaxEquationSolverSettings::MinMaxEquationSolverSettings() : ModuleSettings(moduleName) {
                 std::vector<std::string> minMaxSolvingTechniques = {"vi", "value-iteration", "pi", "policy-iteration", "linear-programming", "lp", "acyclic"};
@@ -28,6 +29,11 @@ namespace storm {
                 this->addOption(storm::settings::OptionBuilder(moduleName, precisionOptionName, false, "The precision used for detecting convergence of iterative methods.").addArgument(storm::settings::ArgumentBuilder::createDoubleArgument("value", "The precision to achieve.").setDefaultValueDouble(1e-06).addValidatorDouble(ArgumentValidatorFactory::createDoubleRangeValidatorExcluding(0.0, 1.0)).build()).build());
 
                 this->addOption(storm::settings::OptionBuilder(moduleName, absoluteOptionName, false, "Sets whether the relative or the absolute error is considered for detecting convergence.").build());
+
+                std::vector<std::string> lraMethods = {"vi", "value-iteration", "linear-programming", "lp"};
+                this->addOption(storm::settings::OptionBuilder(moduleName, lraMethodOptionName, false, "Sets which method is preferred for computing long run averages.")
+                                .addArgument(storm::settings::ArgumentBuilder::createStringArgument("name", "The name of a long run average computation method.").addValidatorString(ArgumentValidatorFactory::createMultipleChoiceValidator(lraMethods)).setDefaultValueString("vi").build()).build());
+
             }
             
             storm::solver::MinMaxMethod MinMaxEquationSolverSettings::getMinMaxEquationSolvingMethod() const {
@@ -72,6 +78,17 @@ namespace storm {
                 return this->getOption(absoluteOptionName).getHasOptionBeenSet() ? MinMaxEquationSolverSettings::ConvergenceCriterion::Absolute : MinMaxEquationSolverSettings::ConvergenceCriterion::Relative;
             }
             
+            storm::solver::LraMethod MinMaxEquationSolverSettings::getLraMethod() const {
+                std::string lraMethodString = this->getOption(lraMethodOptionName).getArgumentByName("name").getValueAsString();
+                if (lraMethodString == "value-iteration" || lraMethodString == "vi") {
+                    return storm::solver::LraMethod::ValueIteration;
+                } else if (lraMethodString == "linear-programming" || lraMethodString == "lp") {
+                    return storm::solver::LraMethod::LinearProgramming;
+                }
+                STORM_LOG_THROW(false, storm::exceptions::IllegalArgumentValueException, "Unknown lra solving technique '" << lraMethodString << "'.");
+            }
+
+            
         }
     }
 }
diff --git a/src/storm/settings/modules/MinMaxEquationSolverSettings.h b/src/storm/settings/modules/MinMaxEquationSolverSettings.h
index 6129b731f..35bee18ac 100644
--- a/src/storm/settings/modules/MinMaxEquationSolverSettings.h
+++ b/src/storm/settings/modules/MinMaxEquationSolverSettings.h
@@ -75,6 +75,13 @@ namespace storm {
                  */
                 ConvergenceCriterion getConvergenceCriterion() const;
                 
+                /*!
+                 * Retrieves the selected long run average method.
+                 *
+                 * @return The selected long run average method.
+                 */
+                storm::solver::LraMethod getLraMethod() const;
+                
                 // The name of the module.
                 static const std::string moduleName;
                 
@@ -84,6 +91,7 @@ namespace storm {
                 static const std::string maximalIterationsOptionShortName;
                 static const std::string precisionOptionName;
                 static const std::string absoluteOptionName;
+                static const std::string lraMethodOptionName;
             };
             
         }
diff --git a/src/storm/solver/SolverSelectionOptions.cpp b/src/storm/solver/SolverSelectionOptions.cpp
index 047311388..5a516c8dd 100644
--- a/src/storm/solver/SolverSelectionOptions.cpp
+++ b/src/storm/solver/SolverSelectionOptions.cpp
@@ -18,6 +18,16 @@ namespace storm {
             return "invalid";
         }
         
+        std::string toString(LraMethod m) {
+            switch(m) {
+                case LraMethod::LinearProgramming:
+                    return "linearprogramming";
+                case LraMethod::ValueIteration:
+                    return "valueiteration";
+            }
+            return "invalid";
+        }
+        
         std::string toString(LpSolverType t) {
             switch(t) {
                 case LpSolverType::Gurobi:
diff --git a/src/storm/solver/SolverSelectionOptions.h b/src/storm/solver/SolverSelectionOptions.h
index 8f531a0f9..141bc8a0e 100644
--- a/src/storm/solver/SolverSelectionOptions.h
+++ b/src/storm/solver/SolverSelectionOptions.h
@@ -8,6 +8,7 @@ namespace storm {
     namespace solver {
         ExtendEnumsWithSelectionField(MinMaxMethod, PolicyIteration, ValueIteration, LinearProgramming, Topological, Acyclic)
         ExtendEnumsWithSelectionField(GameMethod, PolicyIteration, ValueIteration)
+        ExtendEnumsWithSelectionField(LraMethod, LinearProgramming, ValueIteration)
 
         ExtendEnumsWithSelectionField(LpSolverType, Gurobi, Glpk, Z3)
         ExtendEnumsWithSelectionField(EquationSolverType, Native, Gmmxx, Eigen, Elimination)