The use of Real Options for investment decision-making in an emerging LNG infrastructure.

Europe’s transport sector is predominantly fuelled by oil products, fuels which are finite and emit large amounts of greenhouse gasses (i.e. CO2 and NOx) upon combustion. Therefore the sector is faced with stricter emission control regulations in the coming decade. The use of liquefied natural gas (LNG) as a fuel has shown prosperous results for...

Exploratory modeling: A tool for communicating the future: A case study of valuing flexibility in flood defense strategies

Decision-making for flood defense while facing a considerable change in driving forces demands other methods than the traditional approach of forecasting and optimal policy selection. Exploratory modeling can be a candidate for helping adaptive policymaking to deal with the uncertainties that confront decision-makers. In adaptive policymaking...