Risk-based investment allocation for infrastructure networks

Susanna Kunttu; Tero Välisalo; Janne Pirttimäki; Josu Takala

Risk-based investment allocation for infrastructure networks

Susanna Kunttu, Tero Välisalo, Janne Pirttimäki, Josu Takala

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-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 language	English
Title of host publication	Risk, Reliability and Safety
Subtitle of host publication	Innovating Theory and Practice - Proceedings of the 26th European Safety and Reliability Conference, ESREL 2016
Editors	Lesley Walls, Matthew Revie, Tim Bedford
Publisher	Taylor & Francis
Chapter	5.1
Pages	84
Number of pages	1
ISBN (Print)	978-1-138-02997-2
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 Sept 2016 → 29 Sept 2016

Conference

Conference	26th European Safety and Reliability Conference, ESREL 2016
Abbreviated title	ESREL 2016
Country/Territory	United Kingdom
City	Glasgow
Period	25/09/16 → 29/09/16

Keywords

risk analysis
investment decisions
infrastructure

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Cite this

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title = "Risk-based investment allocation for infrastructure networks",

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, Jyv{\"a}skyl{\"a}n Energia, which owns and runs electrical power, water and district heating networks in the city of Jyv{\"a}skyl{\"a}, 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.",

keywords = "risk analysis, investment decisions, infrastructure",

author = "Susanna Kunttu and Tero V{\"a}lisalo and Janne Pirttim{\"a}ki and Josu Takala",

note = "Publisher Copyright: {\textcopyright} 2017 Taylor \& Francis Group, London.; 26th European Safety and Reliability Conference, ESREL 2016, ESREL 2016 ; Conference date: 25-09-2016 Through 29-09-2016",

year = "2016",

language = "English",

isbn = "978-1-138-02997-2",

pages = "84",

editor = "Lesley Walls and Matthew Revie and Tim Bedford",

booktitle = "Risk, Reliability and Safety",

publisher = "Taylor \& Francis",

address = "United Kingdom",

}

Kunttu, S, Välisalo, T, Pirttimäki, J & Takala, J 2016, Risk-based investment allocation for infrastructure networks. in L Walls, M Revie & T Bedford (eds), Risk, Reliability and Safety: Innovating Theory and Practice - Proceedings of the 26th European Safety and Reliability Conference, ESREL 2016. Taylor & Francis, pp. 84, 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 et al.
Risk, Reliability and Safety: Innovating Theory and Practice - Proceedings of the 26th European Safety and Reliability Conference, ESREL 2016. ed. / Lesley Walls; Matthew Revie; Tim Bedford. Taylor & Francis, 2016. p. 84.

Research output: Chapter in Book/Report/Conference proceeding › Conference article in proceedings › Scientific › peer-review

TY - GEN

T1 - Risk-based investment allocation for infrastructure networks

AU - Kunttu, Susanna

AU - Välisalo, Tero

AU - Pirttimäki, Janne

AU - Takala, Josu

PY - 2016

Y1 - 2016

N2 - 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.

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.

KW - risk analysis

KW - investment decisions

KW - infrastructure

UR - https://www.scopus.com/pages/publications/85016171100

M3 - Conference article in proceedings

SN - 978-1-138-02997-2

SP - 84

BT - Risk, Reliability and Safety

A2 - Walls, Lesley

A2 - Revie, Matthew

A2 - Bedford, Tim

PB - Taylor & Francis

T2 - 26th European Safety and Reliability Conference, ESREL 2016

Y2 - 25 September 2016 through 29 September 2016

ER -

Risk-based investment allocation for infrastructure networks

Abstract

Conference

Keywords

UN SDGs

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