Choosing a sustainable, economical energy supply system, considering all operational variables of an autonomous submarine dredger: A study as part of the development of the ALERD, which will serve as sustainable coastal maintenance in the service of The Netherlands

The Autonomous Low Energy Replenishment Dredger (ALERD) strives to revolutionize the dredging world. The ALERD operates autonomously underwater, which saves energy during the dredging process and transit. Autonomous underwater operation drives the need of alternative energy facilities. However, due to the energy savings of dredging, alternative...

Business Valuation in the Frequency Domain: A Dynamical Systems Approach

Business valuation is a set of procedures used by financial market participants to determine the price they are willing to pay or receive for businesses. Valuations play a crucial role in financial reporting, capital budgeting, and investment analysis. Current approaches to business valuation rely on professional expertise, causing the valuation...

Using Mechanical System Dynamics toModel Time-Discounting in Behavioural Economics

Time-discounting in behavioural economics is modelled using mechanical system dynamics through the economic engineering framework. The economic engineering framework is being developed at the Delft Center for Systems and Control, and uses mechanical system dynamics to model economic processes and systems. Time-discounting is the calculation of...

The Thermodynamics of Economic Engineering: With Applications to Economic Growth

The economic engineering group at the DCSC uses Newtonian and analytical mechanics to model economic systems but makes no use of thermodynamics. The introduction of thermodynamics to the economic engineering framework would increase the extent of analysis and interpretation of economic systems in economic engineering. In this thesis the...

The Dynamical Behaviour and Control of an Enterprise: Firm and Consumer as the System, Management as the Controller

This thesis develops a method to forecast the cash flows that determine the value of an enterprise. From a control engineers perspective, three stages arise to develop such a method: the research, the system and the control part. The research part presents the results of a control theoretic analysis of PricewaterhouseCoopers’ (PwC) valuation...

Modelling and Control of a Dynamical Labour Market System: An Economic-Engineering Approach

Labour market economics has been gaining more and more attention over the years, due to increasing job insecurity. There is a growing demand for the improvement of labour market models. Labour market models are representations of the labour market system used to provide insight to the effects of government policy. Current labour market models...