Decisions on life-cycle reliability of flood defence systems

Many countries rely on flood defence systems to prevent economic damage and loss-of-life due to catastrophic floods. Asset managers of flood defence systems need to cope with the consequences of structural degradation, and changing societal and environmental conditions, in order to satisfy performance requirements and optimize societal value of...

Replacement optimization of ageing infrastructure under differential inflation

Ageing public infrastructure assets necessitate economic replacement analysis. A common replacement problem concerns an existing asset challenged by a replacement option. Classic techniques obtained from the domain of engineering economics are the mainstream approach to replacement optimization in practice. However, the validity of these classic...