Umhlanga Rocks coastal defense

The eThekwini coastline is a vulnerable coastline subject to chronic erosion and damage due to sea level rise. In 2007 a severe storm caused major physical and economic damage along the coastline, proving the need for action. Umhlanga Rocks is a densely populated premium holiday destination on the eThekwini coastline suffering from similar...

Stimulating behaviour change in electricity consumption patterns by using social awareness based incentives in an interface design

This study is performed as part of the project ‘Jouw Energie Moment’, which is initiated by Enexis to support the energy transition that is about the start. This project takes place in the ‘Muziekwijk’ in Zwolle, the Netherlands. If one looks at the future energy supply, the expectation is that both the amount of sustainable electricity and...

Social practice theory as design approach for reducting energy use for indoor climate management in Dutch dwellings

Option pricing with perturbation methods

This thesis discusses the use of perturbation theory in the context of financial mathematics, in particular on the use of matched asymptotic expansions in option pricing. Our methods are applied to the ordinary Black-Scholes model for illustration. In this simple example of the Black-Scholes model an exact solution is available, so it is in fact...