Added value of different approaches of real options in transportation infrastructure projects decision-making

The importance of including flexibility into transportation infrastructure projects decision-making is widely recognised. Real-option analysis (ROA) is a technique for valuing flexibility to adapt to an uncertain future which can be included in the traditional Cost-Benefit Analysis. However, current practice of real options in transportation...

Non-deterministic networked infrastructure design of multiple sources and multiple sinks

Networked infrastructures such as gas and water pipelines, roads, railroads or power grids provide essential utilities and services to society. Common characteristics of such infrastructures include high capital costs, generally long lifetimes and irreversibility once the construction of such networks have finished. In the design of these...

A decision model on grid replacement strategies for an energy distribution system operator

Dutch gas infrastructures are aged and need to be replaced in the next decades. Uncertainties surrounding the gas sector make it difficult to determine future requirements of the gas infrastructure. A decision model that analyses the performance of different replacement strategies under different scenarios of demand and supply is constructed....