Risk-based investment allocation for infrastructure networks

Susanna Kunttu, Tero Välisalo, Janne Pirttimäki, Josu Takala

    Research output: Chapter in Book/Report/Conference proceedingConference article in proceedingsScientificpeer-review


    In this paper we present a practical case so as to develop a method to support decision-makers in defining the investment portfolio for the next year from a long list of investment proposals, the sum total of which exceeds the available investment budget. The case study is done with a Finnish energy company, Jyväskylän Energia, which owns and runs electrical power, water and district heating networks in the city of Jyväskylä, Finland. The main challenge in this case was how to compare investment proposals from different networks with each other, as the investment budget is common to all different networks.
    Original languageEnglish
    Title of host publicationProceedings of the 26th European Safety and Reliability Conference
    PublisherTaylor & Francis
    ISBN (Print)978-1-138-02997-2
    Publication statusPublished - 2016
    MoE publication typeA4 Article in a conference publication
    Event26th European Safety and Reliability Conference, ESREL 2016 - Glasgow, United Kingdom
    Duration: 25 Sept 201629 Sept 2016


    Conference26th European Safety and Reliability Conference, ESREL 2016
    Abbreviated titleESREL 2016
    Country/TerritoryUnited Kingdom


    • risk analysis
    • investment decisions
    • infrastructure


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