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

Abstract

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 Sep 201629 Sep 2016

Conference

Conference26th European Safety and Reliability Conference, ESREL 2016
Abbreviated titleESREL 2016
CountryUnited Kingdom
CityGlasgow
Period25/09/1629/09/16

Fingerprint

Investment allocation
Investment portfolio
Finland
Decision maker
Water
Energy
District heating

Keywords

  • risk analysis
  • investment decisions
  • infrastructure

Cite this

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 [84] Taylor & Francis.
Kunttu, Susanna ; Välisalo, Tero ; Pirttimäki, Janne ; Takala, Josu. / Risk-based investment allocation for infrastructure networks. Proceedings of the 26th European Safety and Reliability Conference. Taylor & Francis, 2016.
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title = "Risk-based investment allocation for infrastructure networks",
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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., 84, Taylor & Francis, 26th European Safety and Reliability Conference, ESREL 2016, Glasgow, United Kingdom, 25/09/16.

Risk-based investment allocation for infrastructure networks. / Kunttu, Susanna; Välisalo, Tero; Pirttimäki, Janne; Takala, Josu.

Proceedings of the 26th European Safety and Reliability Conference. Taylor & Francis, 2016. 84.

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

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AB - 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.

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Kunttu S, Välisalo T, Pirttimäki J, Takala J. Risk-based investment allocation for infrastructure networks. In Proceedings of the 26th European Safety and Reliability Conference. Taylor & Francis. 2016. 84