Dealing with Investment Uncertainties in the European Natural Gas Market: A Stochastic Equilibrium Model for the European Natural Gas Market

New developments in the gas market urge public and private concerns to gain deeper insight into how this market is functioning. The Energy Research Center of the Netherlands (ECN), as a leading research institute, has developed a deterministic model representing the European gas market called GASTALE. Based on this model, this research has been...

Replacement optimisation for public infrastructure assets: Quantitative optimisation modelling taking typical public infrastructure related features into account

Ageing infrastructures and shortage of financing induce the need for optimising public infrastructure replacements. From an economic perspective, classical net present value comparison is traditionally the method of choice to decide on investments and replacements. The current research observes that typical infrastructure related features make...