Real options (RO) theory is well known for enhancing the value of projects under
uncertainty. This is achieved by modelling the flexibility that managers possess to adjust the …

This paper presents a five-phase taxonomy of systematic procedures to enable flexibility in
the design and management of engineering systems operating under uncertainty. The …

A key feature of smart grids is the use of demand side resources to provide flexibility to the
energy system and thus increase its efficiency. Multienergy systems where different energy …

This paper describes a multi-objective optimization model including Real Options concepts
for the design and operation of water distribution networks. This approach is explained …

Contemporary research indicates that the era of autonomous vehicles (AVs) is not only
inevitable but may be reached sooner than expected; however, not enough research has …

As a fundamental approach to assess active management and decision-making challenges
in large state-owned energy companies (eg, sustainability, social responsibility, economic …

Public–private partnerships afford governments the opportunity to build megaprojects that
benefit the public but might be too expensive or risky for either the public or private entity to …

Risk management is crucial when committing investments in electricity markets. Investment
projects for the generation of electricity are capital-intensive, in large part irreversible and …

Water supply systems have to satisfy water needs in terms of quantity and quality. The
constant changes in urban areas require the regular adaptation of the water supply …

Transformative technologies for producing renewable energy have promising features for
substantial reductions in carbon emissions and environmental footprints of the building …