The course provides tools and methods to optimize the design of infrastructure and construction so to ensure that these provide an adequate level of service under uncertain future conditions.

This course explains how ideas for infrastructure emerge from strategic planning (macro scale), are taken up in the planning of systems (meso scale) and progress to approval through project evaluation (micro scale). It also provides infrastructure planners with principles for the appraisal of possible projects with and without the explicit valuing of costs and benefits.

The course will provide an introduction to the paradigm of flexibility/ real option for infrastructure management. It will also provide insights on the tools to model uncertainty and class applications on example cases.