101-0530-00L Real Options for Infrastructure Management
| Semester | Frühjahrssemester 2020 |
| Dozierende | C. Martani |
| Periodizität | jährlich wiederkehrende Veranstaltung |
| Lehrsprache | Englisch |
| Kommentar | Number of participants limited to 12. |
| Kurzbeschreibung | 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. |
| Lernziel | 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 |
| Inhalt | 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. |
| Literatur | A list of relevant publications for the course will be given out before the first class. |