Combining Parametric and Structural Uncertainty in Optimization Modelling for Sustainable Energy Systems

The swift reduction of human’s carbon footprint is essential to prevent irreversible damage to the climate and to meet climate policy targets. Designing flexible and reliable future energy systems is a big contributor to meeting these goals. While energy system models have improved in the last few decades, they remain vulnerable against...

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...

MAXUS: Synergizing water, food and energy policy

Population growth, meat-focused diets and emerging industries are increasing stress on water, energy and food (hereafter: WEF) supply around the globe. As stress on the resources rises, the interdependencies between the sectors become more apparent and often lead to unforeseen chain reactions. An example of which is: a drought leads to...

Now, later, or both: A closed-form optimal decision for a risk-averse buyer

Motivated by the energy domain, we examine a risk-averse buyer that has to purchase a fixed quantity of a continuous good. The buyer has two opportunities to buy: now or later. The buyer can spread the quantity over the two timeslots in any way, as long as the total quantity remains the same. The current price is known, but the future price...