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Real Options for Infrastructure Management
Last Updated: 2026-02-05 15:42:19
Abstract
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.
Objective
Upon successful completion of this course students will be able: - To recognize and model uncertainty affecting infrastructure; - To identify possible interventions on infrastructure - To develop dynamic model for simulating future scenarios, considering uncertainty
Content
Part 1: Introduction to the concept of flexibility in engineering, including the problem of the flaw of average on traditional engineering design processes. Part 2: Explanation of the real option methodology and of the main methods for uncertainty modelling, including binomial trees and Monte Carlo simulations. Part 3: Application in class of the real option methodology on two example cases.
Resources
Literature
A list of relevant publications for the course will be given out before the first class.
General Information
- Language
- English
- Levels
- MSC
- Frequency
- Yearly recurring
Examination
- Type
- graded semester performance
Registration & Places
- Max Places
- 12
Course Components
| Type | Title | Time & Place | Hours |
|---|---|---|---|
| lecture with exercise | Real Options for Infrastructure Management |
|
2 h weekly |