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.
|Title of host publication||Proceedings of the 26th European Safety and Reliability Conference|
|Publisher||Taylor & Francis|
|Publication status||Published - 2016|
|MoE publication type||A4 Article in a conference publication|
|Event||26th European Safety and Reliability Conference, ESREL 2016 - Glasgow, United Kingdom|
Duration: 25 Sep 2016 → 29 Sep 2016
|Conference||26th European Safety and Reliability Conference, ESREL 2016|
|Abbreviated title||ESREL 2016|
|Period||25/09/16 → 29/09/16|
- risk analysis
- investment decisions
Kunttu, S., Välisalo, T., Pirttimäki, J., & Takala, J. (2016). Risk-based investment allocation for infrastructure networks. In Proceedings of the 26th European Safety and Reliability Conference  Taylor & Francis.